From 2022 to 2032, the size of the electronic cartography market is projected to grow at a CAGR of 10%, from US$ 24237.51 million in 2022 to US$ 36616.39 million in 2032.
An electronic map that is created on a variety of graphic elements that are assigned to it in the form of electronic information is known as electronic cartography, also known as digital mapping.
Recently, electronic cartography has drawn more attention due to the enormous growth in demand for geographical information. Real-time routing and congestion updates are necessary for smart parking, location, traffic and congestion intelligence, and logistics management.
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The electronic cartography market refers to the market for digital mapping solutions used for navigation and geospatial analysis. Electronic cartography enables users to view and analyze geographic data using digital maps that can be customized and updated in real-time. Electronic cartography is used in a variety of applications, including marine navigation, aviation, automotive navigation, and mobile devices.
The market for electronic cartography is driven by factors such as the increasing demand for location-based services, the growing popularity of autonomous vehicles, and the need for accurate and up-to-date geographic data.
The market for electronic cartography is segmented based on component, application, and region. Based on component, the market is segmented into software, services, and hardware. Based on application, the market is segmented into marine navigation, aviation, automotive navigation, and mobile devices. Geographically, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Some of the key trends in the electronic cartography market include the growing use of real-time data and predictive analytics to improve navigation and optimize routes, the increasing adoption of cloud-based mapping solutions, and the development of new mapping technologies such as 3D mapping and indoor mapping.
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Electronic Cartography Market: Competition Landscape
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.
Electronic Cartography Market: Regional Outlook
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.
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Electronic Cartography Market: Segmentation
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).
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