Electronic Cartography Market worth $20 Billion by 2020

By Eric Haun
Wednesday, June 18, 2014

According to the report "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", published by MarketsandMarkets, the electronic cartography market is expected to reach $20.3 billion, growing with a CAGR of 1.46% from 2014 to 2020.

The last few years have witnessed a well paced revolution in the electronic cartographic market. The transition from paper navigation charts to electronic navigation charts is moving at a steady rate. The safety of life at sea and reduction in the risk of marine accidents are the major concerns which drive the electronic cartography marine market. Tremendous efforts have been directed towards the improvement of these drivers.

The IMO (International Maritime Organization), IHO (International Hydrographic Organization) and the regional hydrographic associations play a major role in electronic marine cartography. Similarly, the ICAO (International Civil Aviation Organization) and the Federal Aviation Administration are the key players for electronic aviation cartography. These organizations and various commercial players are conducting special training programs to impart knowledge about the benefits of electronic navigation. The use of electronic navigation charts has increased the accuracy and efficiency of navigation.

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.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Brookings Institution Hosting Panels on LNG Marine Fuel

The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today.

Okeanus to Represent MacArtney Group in Brazil

Underwater technology provider MacArtney Group has signed an agreement with Okeanus Ltda. to be the group's official representative in the Brazilian market, MacArtney Group announced today.

HydroComp Releases New NavCad Premium Edition

HydroComp is releasing a major upgrade for its NavCad software tool, the company announced today.   NavCad has been used for resistance and propulsion prediction for nearly three decades,

Navigation

Containership Becomes Largest to Sail the Thames

The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the U.K.’s newest deep-sea port hub. The 399-meter-long,

Futuristic Bridge Concept by Rolls-Royce

In 2013 alone, Rolls-Royce invested £1.1 billion on research and development while at the same time supporting a global network of 31 University Technology Centers,

ExxonMobil Encouraging Girls into Engineering

ExxonMobil is encouraging girls to consider science, technology, engineering and math (STEM) careers through the '12th-annual Introduce a Girl to Engineering

Finance

Vard Increased Revenues 15.8% in 2014

Shipbuilder Vard Holdings Limited increased revenues 15.8% in 2014, the company announced in its year-end financial report today. On the back of very high activity

CGG to cut Vessel Fleet Further

French seismic group CGG said on Thursday it would further cut its fleet of seismic vessels after declining demand from oil and gas clients hit by the falling oil

Atlantic Gas Swings Keep LNG Traders Guessing

MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather

Marine Equipment

Drying Cabinets Handy On Board Nexus

In 2014, Pronomar equipped Van Oord’s offshore cable laying vessel Nexus with three drying cabinets, each responsible for the drying of eight sets of workwear.

Electronics Retrofit for Taiwanese Research Vessel

L-3 SAM Electronics has been awarded a contract to retrofit propulsion control and automation systems aboard the Taiwanese Navy’s Ta Kuan hydrographic and oceanographic research vessel.

MMK Boosts Steel Shipments to Shipbuilders

OJSC Magnitogorsk Iron and Steel Works (MMK) supplied 78,000 metric tons of metal products to shipbuilders in 2014, which represents a 37.2% growth year-on-year.

Electronics

Electronics Retrofit for Taiwanese Research Vessel

L-3 SAM Electronics has been awarded a contract to retrofit propulsion control and automation systems aboard the Taiwanese Navy’s Ta Kuan hydrographic and oceanographic research vessel.

Futuristic Bridge Concept by Rolls-Royce

In 2013 alone, Rolls-Royce invested £1.1 billion on research and development while at the same time supporting a global network of 31 University Technology Centers,

SpeedCast Acquires Geolink Satellite Services

SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1434 sec (7 req/sec)