The "Electronic Cartography Market by Application (Marine - Commercial and Defense, Aviation - Marine - Commercial and Defense), Components (Systems, Charts), Marine Electronic Navigation Systems (ECDIS, ECS), Aviation Electronic Navigation Systems (Very Large Aircrafts, Wide Body Aircrafts, Narrow Body Aircrafts), Marine Electronic Charts Licensing Mode (PAYS, Direct), Geography (APAC, Europe, North America, South America, Middle East and Africa) Forecast and Analysis, 2014-2020" is expected to reach $21,267.60 million, growing with a CAGR of 1.46% from 2014 to 2020.
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The technological analysis exemplifies the forecast of the two application areas which are the commercial and defense market. Adjacent to this, the geographical analysis embodies the electronic cartographic market forecast of major regions which include Asia, Europe, North America, the Middle East, South America, and Africa. North America and Europe are currently dominating the market; but, the market for Asia and the Middle East is expected to show inflation by 2020.
The report tracks, analyzes, and lays out the market size of major spenders in regions such as North America, Europe, the Middle East, APAC, Africa, and South America, and provide the market share by the commercial and defense markets. It provides an insight into regional trends on spending, analyzes market size by region, and also provides the data on the spending pattern by sub-sector.
The electronic cartography market is witnessing huge investments in developments and demonstrations of electronic cartographic in the marine and aviation industry. All these developments have created a demand for better and more stable technology. The Electronic Chart Display and Information Systems (ECDIS) are electronic chart display systems which will foresee an increase in demand due to the IMO regulations for safe navigation. The electronic aeronautical navigational charts will witness an increase in demand owing to the trend towards paperless cockpits and instant access to navigational databases.
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The major factor driving the electronic cartography market is the changing nature of navigation. However, the high development cost of electronic chart displays and their complexity restrains the growth of the market.
The report offers the leading players in the electronic cartography market, a general overview of the companies, and also their financial position, key products, and market sizes. The key players in this market include Jeppesen (U.S.), Northrop Grumman (U.S.), Transas (Russia), Furuno (Japan), and Rockwell Collins (U.S.).
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