Military Electronic Chart Display and Information System Market Opportunities and Forecast by 2031

MARKET INTRODUCTION

Electronic chart display and information system (ECDIS) is an electronic navigation chart system used in naval vessels and ships. It displays vectorized data, identifies locations, and reaches directions on board a naval vessel for safe navigation. It also eases the workload of the navigator with automatic capabilities such as route planning, route monitoring, estimated time of arrival (ETA) computation, and the update of the electronic navigation chart (ENC). The ECDIS system displays information from the Electronic Navigational Charts (ENC) system and integrates position, direction and speed information through water reference systems and optionally other navigation sensors. Other sensors that could interface with the ECDIS include radar, Navtex, Automatic Identification Systems (AIS) and depth sounders. It is generally used by naval forces of different countries for navigation purpose. The system generates audible and/or visual alarms when the vessel is close to navigational hazards. Military versions of ECDIS are known as WECDIS (warship ECDIS) or ECDIS-N (ECDIS-naval). More advancement regarding navigation range is expected to drive the market during forecast period.

MARKET DYNAMICS

The rising need of technologically advanced navigation system in naval forces around the world and growing defense budget is driving the growth of the military electronic chart display and information system market. However, high cost and scarcity of skilled workforce to operate ECDIS may restrain the growth of the military electronic chart display and information system market. Further, more technological advancement in military electronic chart display and information system such enhanced real-time GIS in naval applications and integration with AI is anticipated to create market opportunities for the military electronic chart display and information system market during the forecast period.

MARKET SCOPE

The "Global Military Electronic Chart Display and Information System Market Analysis to 2031" is a specialized and in-depth study of the military electronic chart display and information system market with a special focus on the global market trend analysis. The report aims to provide an overview of military electronic chart display and information system market with detailed market segmentation by type, platform, and geography. The global military electronic chart displays and information system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military electronic chart display and information system market players and offers key trends and opportunities in the military electronic chart display and information system market.

MARKET SEGMENTATION

The global military electronic chart displays and information system market is segmented on the basis of type and platform. On the basis of type, the market is segmented as electronic navigational charts (ENC) and raster navigational charts (RNC). Similarly, based on platform, market is segmented into the submarines, frigates, corvettes, destroyers, and other vessels.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military electronic chart display and information system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military electronic chart displays and information system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting military electronic chart display and information system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military electronic chart display and information system market in these regions.

MARKET PLAYERS

The reports cover key developments in the military electronic chart display and information system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from military electronic chart display and information system market are anticipated to lucrative growth opportunities in the future with the rising demand for military electronic chart display and information system. Below mentioned is the list of few companies engaged in the military electronic chart display and information system market.

The report also includes the profiles of key military electronic chart display and information system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   DANELEC MARINE
•   Elbit Systems Ltd.
•   Hensoldt AG
•   Kongsberg Maritime
•   Marine Electronics Co.
•   Marine Technologies, LLC
•   Northrop Grumman Sperry Marine B.V.
•   Raytheon Anschütz, a Raytheon Technologies company
•   SRH Marine Electronics S.A.
•   YALTES

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Military Electronic Chart Display and Information System Report Scope