Global Indoor Positioning and Navigation System Market, By Component (Technology, Software Tools, Services), Deployment Mode (Cloud, On- Premises), Application (Sales and Marketing Optimization, Customer Experience Management, Remote Monitoring, Inventory Management, Predictive Asset Analytics, Risk Management, Emergency Response Management), Vertical (Retail, Transportation, Entertainment, Hospitality, Public Buildings), Device (Software, Hardware, Services), Platform (Android, iOS), Technology (Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Indoor Positioning and Navigation System Market
The indoor positioning and navigation system market is expected to witness market growth at a rate of 32.94% in the forecast period of 2021 to 2028 and is expected to reach USD 296.59 billion by 2028. Data Bridge Market Research report on indoor positioning and navigation system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The proliferation of smartphone connected devices and location-based application is escalating the growth of indoor positioning and navigation system market.
Indoor positioning and navigation system is utilized to navigate or locate people using lights, magnetic fields, acoustic signals, radio waves or other sensory information. The system takes the help of various optical, radio or even acoustic technologies to design fragmentation to locate anyone via mobile or tablet. They are also beneficial in detecting magnetometric information inside buildings or locations with steel structures or in iron ore mines.
The rise in the demand for solutions in hospitals, airports, train stations, hotels, university buildings, warehouses and shopping malls among others and the use of these solutions for acquiring details regarding current wait times and points of interest (POIs) and the entire intermodal travel chain are the major factors driving the indoor positioning and navigation system market. The use of these solutions by train authorities to inform visitors regarding ongoing delays and track changes and indoor positioning and the high utilization by hospitals to integrate the booking of additional services, a calendar with treatment schedules and barrier-free routing into their patient app accelerate the indoor positioning and navigation system market growth. The rising adoption of Bluetooth beacons and rising demand for proximity marketing, growing integration of beacons in cameras, LED lightings, POS devices and digital signage and Inefficiency of the GPS in an indoor environment influence the indoor positioning and navigation system market. Additionally, adoption of IoT-enabled devices in indoor positioning, proliferation of smartphones, connected devices and location-based applications among customers, and increasing customer awareness positively affect the indoor positioning and navigation system market. Furthermore, rising demand for indoor location technologies to support lean automation and robotic processes, high emphasis on industry 4.0 smart cities and smart manufacturing, and demand for RFID tags across the retail industry extend profitable opportunities to the indoor positioning and navigation system market players in the forecast period of 2021 to 2028.
On the other hand, the rise in concerns regarding data and security and implementation of stringent government rules and regulations are factors expected to obstruct the indoor positioning and navigation system market growth. Lack of skills and awareness about indoor location technologies are projected to challenge the indoor positioning and navigation system market in the forecast period of 2021 to 2028.
This indoor positioning and navigation system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on indoor positioning and navigation system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Indoor Positioning and Navigation System Market Scope and Market Size
The indoor positioning and navigation system market is segmented on the basis of component, deployment mode, application, vertical, device, platform and technology. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the indoor positioning and navigation system market is segmented into technology, software tools and services.
- On the basis of deployment mode, the indoor positioning and navigation system market is segmented into cloud and on- premisis.
- On the basis of application, the indoor positioning and navigation system market is segmented into sales and marketing optimization, customer experience management, remote monitoring, inventory management, predictive asset analytics, risk management and emergency response management.
- On the basis of vertical, the indoor positioning and navigation system market is segmented into retail, transportation, entertainment, hospitality and public buildings.
- On the basis of device, the indoor positioning and navigation system market is segmented into software, hardware and services.
- On the basis of platform, the indoor positioning and navigation system market is segmented into android and iOS.
- On the basis of technology, the indoor positioning and navigation system market is segmented into ultra-wideband technology, Bluetooth low energy and Wi-Fi.
Global Indoor Positioning and Navigation System Market Country Level Analysis
The indoor positioning and navigation system market is analyzed and market size, volume information is provided by country, component, deployment mode, application, vertical, device, platform and technology as referenced above.
The countries covered in the global indoor positioning and navigation system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the indoor positioning and navigation system market because of the increasing investments in the development of various technologies and application of indoor location solutions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Indoor Positioning and Navigation System Market Share Analysis
The indoor positioning and navigation system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to indoor positioning and navigation system market.
The major players covered in the indoor positioning and navigation system market report are Google, Inpixon, Hewlett Packard Enterprise Development LP, Juniper Networks, Inc., HID Global Corporation, Microsoft, Apple Inc., Cisco, ACUITY BRANDS LIGHTING, INC., CenTrak, Sonitor Technologies, UBISENSE, infsoft GmbH, HERE, IndoorAtlas Ltd., STANLEY Healthcare, Midmark Corporation, Quuppa, AiRISTA Flow, Inc., InnerSpace, Esri, Sparkyo Technology Pvt. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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