Electronic Navigational Charts Market to grow at a CAGR of 5.35 percent to reach USD 1.55 Bn by 2029

(IT-NEWSWIRE.COM, April 10, 2023 ) As per Maximize Market research, the total global market for “Electronic Navigational Charts Market” was USD 1.02 Bn in 2021 and is expected to grow at a CAGR of 5.35 percent over the forecast period to reach USD 1.55 Bn by 2029.

Electronic Navigational Charts Market Report Scope and Research Methodology

The report includes an in-depth region-wise and segment-wise analysis of the Electronic Navigational Charts Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.

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Electronic Navigational Charts Market Dynamics

The global Electronic Navigational Charts Marketis majorly driven by the increasing demand for maritime safety and the need for more efficient maritime trasportation. There is a lack of understanding about the benefits of these charts and how they can be used effevtively.

Electronic Navigational Charts Market Regional Insights

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This can be attributed to the growing maritime industry in the region. The region has some of the busiest ports in the world and is also home to a large number of shipyards.

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Electronic Navigational Charts Market Segmentation

By Application

Aviation

Marine

Others

By Component

Hardware

Software

Services

Electronic Navigational Charts Market Key Competitors include:

Electronic Charts Company, Inc.

ChartCo Limited

Japan Hydrographic Charts & Publications Co., Ltd.

OceanWise

Poseidon Navigation Services Ltd

Maritime Services Ltd.

Sirm SPA

Jeppesen

SRH Marine Electronics S.A.

Maryland Nautical

American Nautical Services, Inc.

Fontanski Marine Supply

Nautisk Forlag AS.

Others.

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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

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Electronic Navigational Charts Market to grow at a CAGR of 5.35 percent to reach USD 1.55 Bn by 2029