An electronic navigational chart (ENC) caries information on features useful for marine navigation, including coastlines, bathymetry, beacons, and obstructions. Electronic navigational charts are complied with International Hydrographic Organization (IHO) S57 specifications. The IHO S57 standard is used by ECDIS (Electronic Chart Display and Information System) manufacturers to display navigational data on the charts. Electronic navigational charts are much superior to raster or paper charts.

Systems using ENCs can be programmed to provide information about an approaching threat in relation to charted information and a ship’s movement and position. ENCs are approved by the International Maritime Organization (IMO) as a paper chart equivalent. Further, as per the IMO, vessels and ships equipped with ENCs do not need to not carry paper charts as is normally required under the Safety of Life at Sea (SOLAS) Convention. The contract fee for electronic navigational charts is determined on the basis of contract period, number of units, and types of ENCs.

Safety requirements set up by the IMO, increase in trend toward safe navigational systems, and expansion of the maritime and aircraft industry worldwide are expected to propel the global electronic navigational charts market in the coming years.

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The paper catalogue is replaced by a digital catalogue (of which there are many available), the order is sent by e-mail, and the chart distributor sends a license for the ENCs by e-mail. The advantage of ENCs is that the CDs that hold the ENCs are usually already on board.

The ship can then load the charts from the CDs onto the ECDIS when the license is issued, eliminating the need to physically send any goods. Many companies are trying to enter into the electronic navigational charts space through M&A activities. For instance, in 2017, Garmin Ltd., acquired the Italian electronic navigation charts company, Navionics S.p.A.. Moreover, the requirement of training pertaining to electronic navigational charts is likely to hamper the growth of the electronic navigational charts market.

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