An Electronic Chart Display and Information System (ECDIS) is a Geographic Information System (GIS) which is used for maritime navigation that acts in accordance with the regulations of the International Maritime Organization as a substitute to paper maritime charts. The ECDIS is used by naval vessels and ships globally.

The Electronic Chart Display and Information System (ECDIS) is transforming the marine industry. The implementation of electronic chart display and information systems is providing cost-effective and safer navigation for the marine industry globally. ECDIS delivers constant navigational and positional safety information and triggers alarms when the vessel is close to navigational hazards.

An electronic chart displays the data from nautical charts or electronic charts and assimilates information from speed and position via water reference systems and also by the navigational sensors. Other sensors which can edge with a chart and information system are Depth Sounders, Navtex, Radar, and automatic identification systems.

Furthermore, according to the International Maritime Organization, ships and vessels equipped with electronic navigational charts did not require to carry manual paper charts. The agreement fee for such navigational charts is defined on the basis of number of units, contract period, and types of electronic navigational charts.

Safety needs associated with the International Maritime Organization regulations, growth in trend toward navigational systems, and development of the aircraft and maritime industry globally are anticipated to drive the global electronic chart display and the information system (ECDIS) market during the forecast period (2019-2027).

However, the errors in the global electronic chart display and information system is projected to restrain the growth of this market in the near future. Moreover, the importance of training pertaining to electronic chart display and information systems is likely to hamper the growth of the market. Nevertheless, rise in demand for electronic chart display and information systems is anticipated to create lucrative opportunities for market players during the forecast period. This in turn is leading to new business opportunities and is expected to fuel the growth of the global electronic chart display and information system (ECDIS) market during the forecast period.

The global electronic chart display and information system market can be segmented based on type, component, end-user, and region. On the basis of type, the market can be bifurcated into raster chart system and vector chart system. Based on component, the market can be categorized into hardware, software, and services. On the basis of end-user, the market can be bifurcated into marine, and government and defense; marine is further bifurcated as cargo and passenger.

In terms of region, the global electronic chart display and information system market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to hold the leading share of market during the forecast period due to the presence of global players in the region. Rising demand and popularity of this system in the region has helped suppliers proliferate considerably over recent years. Furthermore, an increase in the popularity of electronic navigational charts for ships and aircrafts is anticipated to propel the market in Asia Pacific over the forecast period from 2018 to 2026.

Leading companies operating in the electronic chart display and information system market include Fontanski Marine Supply, Electronic Charts Company, Inc., Maritime Services Ltd., SRH Marine Electronics S.A., Maryland Nautical, American Nautical Services, Inc., Nautisk Forlag AS, Sirm SPA, and Japan Hydrographic Charts & Publications Co., Ltd. Companies are focusing on launching advanced services to strengthen their position in the market and expand their customer base. They are also investing in research and development operations and concentrating on providing customized services.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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