The Electronic Cartography Market size is estimated to increase at a CAGR of 10% from 2022 to 2032, reaching US$ 36616.39 million by 2032, up from US$ 24237.51 million in 2022.
| Report Attribute | Details |
|---|---|
| Electronic Cartography Market Value (2022) | US$ 24237.51 Million |
| Electronic Cartography Market Anticipated Value (2032) | US$ 36616.39 Million |
| Electronic Cartography Market Growth Rate (2022 to 2032) | 10% CAGR |
Electronic cartography, also known as digital mapping, is an electronic map that is built on a mixture of graphic elements that are assigned to it in the form of electronic information.
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Growing Interest in Geospatial Information
Because of the tremendous development in demand for geospatial information, electronic cartography has received increased attention in recent years. Smart parking, location, traffic and congestion intelligence, and logistics management all require real-time routing and congestion updates.
Because electronic cartography is evolving at a quick pace, it may provide data feeds and information to various applications. Furthermore, the growing number of enterprises that use location-based services for marketing and advertising is expected to drive demand in the coming years.
Increased use of new technology in mapping and surveying
The electronic cartography market is expanding as a result of several causes, including the adoption of improved technologies and the shifting landscape of customer intelligence and thoughts. Rapid technical changes, as well as the increasing proliferation of smartphones and tablets with internet capabilities, are driving market expansion. These cell phones are commonly used for navigation and driver assistance.
Furthermore, consumers are using Geographic Information System and GPS applications to locate nearby gasoline stations, restaurants, theatre halls, and other popular locations, which is increasing demand for electronic cartography. The growing demand for real-time data mapping to build accurate and up-to-date digital representations, as well as the ability to analyze and display streaming data from sensors, devices, and social media feeds, is likely to drive the market forward.
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Concerns about privacy and security are growing
Electronic cartography is widely used as a technique of safeguarding information in today's electronic world. Cryptography is employed in everyday home items in the same manner that it is used in most internet-based applications such as e-mail and e-commerce.
However, the rising reliance on encryption has highlighted a slew of universal ethical concerns related to fundamental human rights. While it is a boon to certain people because it allows them to escape the repressive hands of the state, it is a disadvantage to others because the information is only available to those who can purchase it.
GPS navigation and mapping are rapidly expanding
As the demand for environmental and topographical information systems grows, digital mapping is witnessing increased interest in the government and public sector. Furthermore, the requirement for law enforcement officials, defense forces, and local governing bodies to maintain an up-to-date information system considering current man-made and natural threats is expected to drive demand for maps.
One of the most essential requirements for product success in the market is smooth interaction between maps and information systems, therefore suppliers are predicted to focus more on data integration throughout the forecast period.
An increasing end-user base is likely to create a large increase in demand from navigational application developers and Geographical Information System (GIS) providers. The rapid increase in the number of smartphone and internet users has fueled industry expansion even further. Furthermore, the increasing number of connected and semi-autonomous vehicles, as well as predicted advancements in self-driving and navigation technologies, are likely to fuel demand for digital maps.
The growing trend towards modern marine navigation for efficient marine operation translates the need for electronic navigation a massive market opportunity for Electronic Cartography. Electronic Cartography / Electronic Navigation Systems is a navigational tool with GPS navigator integrated to navigational databases.
Displays high-quality satellite images onscreen, provides interactive data chart used to enhance navigational experience and auto reporting in marine environment. Designed to find the best course for navigation, seamless information transfer between ships, between ship and shore.
Deploying electronic navigation systems helps to standardize maritime reporting, increase safety & security, logistic efficiency, incident analysis and improved investigation. The electronic cartography market is expected to witness a tremendous growth due to its various benefits and International Maritime Organization (IMO) regulations.
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Increasing global connectivity through satellite communications and growing need for optimization of marine transportation in terms safety, efficiency and transparency in operation is accelerating the growth of electronic cartography market.
Rising awareness regarding potential benefits of electronic navigation systems such as fleet management, cargo monitoring and optimized logistics operations to enhance harbor efficiency are some of the growth factor anticipated to boost the growth of electronic cartography in marine industry.
Also the growing awareness of continuous correction and updating of navigational chart is identified as an obvious growth factor driving the Electronic Cartography Market in Marine industry.
Furthermore, strategy implementation plan (SIP) for e-navigation by International Maritime Organization (IMO) and the moving trend moving towards electronic charts from paper charts are the major potential growth factors which drives the electronic cartography market in marine industry. However, adaptability to electronic navigational system and lack of expertise is likely to deter the progression of Electronic Cartography Market in Marine industry.
Electronic Cartography Market is segmented on the basis of End User, Components, and region. On the basis of end user electronic cartography market is segmented into commercial and defense market. On the basis of components the electronic cartography market is segmented into navigation charts and navigation system.
The navigation charts can be sub-segmented into Direct and Pay as You Sail (PAYS) licensing. By navigation system the electronic cartography market can be sub-segmented into Electronic Chart Systems (ECS), Raster Chart Display Systems (RCDS) and Electronic Chart Display and Information Systems (ECDIS).
Regionally, Electronic Cartography Market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
The worldwide Electronic Cartography Market expected to witness significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific.
Countries in Asia Pacific such as China and India forecast to dominate the electronic cartography market during the forecast period, as increasing investment for marine infrastructure & vessel safety, industrialization, economic expansion and increasing ocean trade activity.
The key vendors in the Electronic Cartography Market include Honeywell International, Inc., Rockwell Collins, Inc., Furuno, Jeppesen (C-MAP), Raytheon Anschutz, Thales Group, Northrop Grumman (Sperry Marine), Navionics, Transas, IIC Technologies, Garmin Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Electronic Cartography Market
