PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258807
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258807
Indoor Positioning and Navigation Market Forecasts to 2028 - Global Analysis By Component, Technology, Platform, Application, End User, Organization Size, Deployment Mode and By Geography
According to Stratistics MRC, the Global Indoor Positioning and Navigation Market is accounted for $11.67 billion in 2022 and is expected to reach $56.10 billion by 2028 growing at a CAGR of 29.9% during the forecast period. Indoor positioning navigation is a system that uses wireless technologies like Bluetooth low energy, Wi-Fi, ultra-wideband, and others to provide a central platform to detect or track the geographic location of assets and persons. It provides its customers with location analytics, navigation, mapping, way finding, asset tracking, and other services. Better connectivity, efficient and quick access to precise location, indoor location-based services to deliver proximity marketing, workflow optimisation through asset and personnel tracking, and improved indoor navigation and routing are additional features that it offers. These features are anticipated to propel the growth of the global indoor positioning and indoor navigation market.
Market Dynamics:
Driver:
Proliferation of smartphones, connected devices applications among customers
The penetration of smartphones is increasing exponentially. More obviously, customers' purchasing habits for mobile devices have changed. Start-ups and well-established businesses are swiftly catching up with the latest trends and figuring out how to offer location-based applications that will keep its indoor consumers interested. Retailers have been able to improve their customer experiences and offer accurate navigation for objects or any locations thanks to the adoption of indoor positioning and navigation technology. Indoor positioning and navigation solutions give businesses the chance to connect people inside big indoor areas with their brands, goods, and partners in a variety of ways that will boost customer connections and revenues.
Restraint:
Stringent government rules and regulations
One of the main obstacles to the expansion of the indoor positioning and navigation market is a rigid set of laws and regulations. Governmental laws and regulations, such as the Health Insurance Portability and Accountability Act (HIPAA), Open Geospatial Consortium, and World Wide Web Consortium (W3C). The privacy and security of residents are given top priority by nations around the world, which results in the adoption of laws that limit the use of location-based data. The General Data Protection Regulation (GDPR), which is the first attempt by the EU to protect citizens' Personally Identified Information (PII), was passed. The GDPR offers firms a chance to increase customer trust, which could boost overall business success.
Opportunity:
Growing demand for indoor location technologies to support lean automation and robotic processes
Indoor positioning technology is required for processes like lean automation and lean robotics in the manufacturing and logistics sectors to track goods, packages, and assets inside buildings for planning and control. Assets and large-volume objects are tracked using a variety of indoor positioning technologies, including RFID, Wi-Fi, and beacons. The Wi-Fi-based indoor positioning system uses a range-based method to pinpoint details like the separation and tilt of nodes. Since most manufacturing firms and warehouses install indoor positioning technologies that allow the micro-level monitoring of assets and objects, ensuring the quality assurance of the product manufactured, the indoor positioning and navigation market finds enormous opportunities in the manufacturing, distribution, and logistics sectors.
Threat:
Lack of skills and awareness related to indoor positioning technologies
One of the main obstacles to this market's expansion is the lack of consumer acceptance and adoption of indoor positioning technology because of its advantages. Most business owners are unaware of the numerous advantages that may be obtained by using indoor positioning solutions and services, including customer analytics, tracking, and location. As a result, business owners often refrain from installing indoor positioning solutions because it is exceedingly difficult to forecast which solution customers would eventually embrace. Thus, indoor positioning technology needs a strong marketing strategy to raise awareness of its application.
COVID-19 Impact:
Most industrial sectors around the world have been greatly impacted by the COVID-19 global health disaster. The supply chain networks for the majority of industry sectors have been severely disrupted as a result of the social distance standards and travel restrictions that are prevalent throughout much of the world. The global market for indoor positioning and navigation systems has encountered a number of unforeseen difficulties during the epidemic, similar to other market sectors. On the other hand, the worldwide market for indoor positioning and navigation systems is expected to experience tremendous development over the next several years when all industrial and financial operations around the world return to normal.
The remote monitoring segment is expected to be the largest during the forecast period
The remote monitoring segment is estimated to have a lucrative growth, due to it enhances users' quality, convenience, and use of many technologies, including BLE, Wi-Fi, and UWB. For instance, indoor location technology is utilised in warehouses to centralise the tracking of packages and inventory. For asset inventory management inside of businesses, infsoft provides indoor tracking systems using BLE technology.
The Cloud segment is expected to have the highest CAGR during the forecast period
The Cloud segment is anticipated to witness the fastest CAGR growth during the forecast period, due to using cloud-based indoor location solutions is an economical and effective strategy to address location-based data concerns in various enterprises. Pay-per-use pricing for cloud solutions enables businesses to save money on infrastructure. Using pools of server, storage, and networking resources, cloud-based solutions increase the return on investment (ROI) of indoor location technologies like Wi-Fi, BLE beacons, ultrasound, and UWB.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to significant market participants are present in the area and because individuals have used technology widely. With substantial developments in the creation of smart cities, the US and Canada are the main markets in the area. In order to improve people and asset tracking throughout huge buildings, businesses, particularly in the US, have begun implementing indoor navigation and indoor tracking solutions.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the expanding use of positioning technology in office, retail, healthcare, logistics, and public areas, as well as the increase in demand for indoor location-based services and real-time location systems in the Asia-Pacific region.
Key players in the market:
Some of the key players profiled in the Indoor Positioning and Navigation Market include: Google, Apple Inc., Sparkyo Technology Pvt. Ltd, Microsoft, Cisco, Hewlett Packard Enterprise Development LP, AiRISTA Flow, Inc., IndoorAtlas Ltd., Juniper Networks, Inc., ACUITY BRANDS LIGHTING, INC., Inpixon, HID Global Corporation, Sonitor Technologies, InnerSpace, UBISENSE, HERE Technologies, Midmark Corporation, Broadcom Inc., STANLEY Healthcare and Esri.
Key Developments:
In October 2021, Zebra Technologies acquired Antuit Holdings Pte. Ltd. Through this acquisition, the company expanded its portfolio of software solution offerings by combining Antuit's platform with its existing software solutions and EVM products.
In July 2021, Microsoft partnered with NEC. NEC adopted Microsoft Azure as its preferred cloud platform to deliver enhanced capabilities to drive sustained digitalization, help customers transform their business models, and build Digital Workplaces for the post-pandemic.
In April 2020, Apple partnered with Google to enable the use of Bluetooth technology for dealing with the COVID-19 pandemic. The partnership aimed to provide contract tracking Bluetooth technology to help governments and health agencies reduce the spread of the virus, considering user privacy and security.
Components Covered:
- Services
- Hardware
- Solutions
- Software
Technologies Covered:
- Magnetic Positioning
- Radio Frequency
- Other Technologies
Platforms Covered:
- Android
- iOS
Applications Covered:
- Location-Based Analytics
- Asset and Personnel Tracking
- Navigation and Maps
- Geo-Fencing
- Emergency Services
- Sales and Marketing Optimization
- Remote Monitoring
- Supply Chain Management
- Inventory Management
- Other Applications
End Users Covered:
- Manufacturing
- Healthcare
- Office spaces
- Retail
- Logistics & Warehouses
- Travel & Hospitality
- Public Spaces
- Aviation
- Education
- Advertising
- Automotive
- Other End Users
Organization Sizes Covered:
- Large Enterprises
- SMEs
Deployment Modes Covered:
- On-premises
- Cloud
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Indoor Positioning and Navigation Market, By Component
- 5.1 Introduction
- 5.2 Services
- 5.2.1 Professional Services
- 5.2.1.1 Training and Consulting
- 5.2.1.2 System Integration and Implementation
- 5.2.1.3 Support and Maintenance
- 5.2.2 Managed Services
- 5.2.1 Professional Services
- 5.3 Hardware
- 5.4 Solutions
- 5.4.1 Indoor Tracking
- 5.4.1.1 Asset and People Tracking
- 5.4.1.2 Indoor Location Analytics
- 5.4.2 Indoor Navigation
- 5.4.3 Database Management
- 5.4.1 Indoor Tracking
- 5.5 Software
6 Global Indoor Positioning and Navigation Market, By Technology
- 6.1 Introduction
- 6.2 Magnetic Positioning
- 6.2.1 Simultaneous Localization and Mapping (SLAM)
- 6.2.2 Global Navigation Satellite System (GNSS)
- 6.2.2.1 Global Positioning System (GPS)
- 6.2.2.2 Global Navigation Satellite Systems (GLONASS)
- 6.2.2.3 Galileo
- 6.2.2.4 A-GPS
- 6.3 Radio Frequency
- 6.3.1 Cellular
- 6.3.1.1 Sensors
- 6.3.1.1.1 Gyroscope
- 6.3.1.1.2 Acceleration
- 6.3.1.1.3 Barometer
- 6.3.1.1.4 Antenna
- 6.3.1.1.5 Near Field Communication (NFC)
- 6.3.1.2 Bluetooth Low Energy
- 6.3.2.3 Ultra-Wideband Technology
- 6.3.1.3 Wi-Fi
- 6.3.2.4 Radio-frequency identification (RFID)
- 6.3.1 Cellular
- 6.4 Other Technologies
7 Global Indoor Positioning and Navigation Market, By Platform
- 7.1 Introduction
- 7.2 Android
- 7.3 iOS
8 Global Indoor Positioning and Navigation Market, By Application
- 8.1 Introduction
- 8.2 Location-Based Analytics
- 8.3 Asset and Personnel Tracking
- 8.4 Navigation and Maps
- 8.5 Geo-Fencing
- 8.6 Emergency Services
- 8.7 Sales and Marketing Optimization
- 8.8 Remote Monitoring
- 8.9 Supply Chain Management
- 8.10 Inventory Management
- 8.11 Other Applications
9 Global Indoor Positioning and Navigation Market, By End User
- 9.1 Introduction
- 9.2 Manufacturing
- 9.3 Healthcare
- 9.4 Office spaces
- 9.5 Retail
- 9.6 Logistics & Warehouses
- 9.7 Travel & Hospitality
- 9.8 Public Spaces
- 9.9 Aviation
- 9.10 Education
- 9.11 Advertising
- 9.12 Automotive
- 9.13 Other End Users
10 Global Indoor Positioning and Navigation Market, By Organization Size
- 10.1 Introduction
- 10.2 Large Enterprises
- 10.3 SMEs
11 Global Indoor Positioning and Navigation Market, By Deployment Mode
- 11.1 Introduction
- 11.2 On-premises
- 11.3 Cloud
12 Global Indoor Positioning and Navigation Market, By Geography
- 12.1 Introduction
- 12.2 North America
- 12.2.1 US
- 12.2.2 Canada
- 12.2.3 Mexico
- 12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 Italy
- 12.3.4 France
- 12.3.5 Spain
- 12.3.6 Rest of Europe
- 12.4 Asia Pacific
- 12.4.1 Japan
- 12.4.2 China
- 12.4.3 India
- 12.4.4 Australia
- 12.4.5 New Zealand
- 12.4.6 South Korea
- 12.4.7 Rest of Asia Pacific
- 12.5 South America
- 12.5.1 Argentina
- 12.5.2 Brazil
- 12.5.3 Chile
- 12.5.4 Rest of South America
- 12.6 Middle East & Africa
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 Qatar
- 12.6.4 South Africa
- 12.6.5 Rest of Middle East & Africa
13 Key Developments
- 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 13.2 Acquisitions & Mergers
- 13.3 New Product Launch
- 13.4 Expansions
- 13.5 Other Key Strategies
14 Company Profiling
- 14.1 Google
- 14.2 Apple Inc.
- 14.3 Sparkyo Technology Pvt. Ltd
- 14.4 Microsoft
- 14.5 Cisco
- 14.6 Hewlett Packard Enterprise Development LP
- 14.7 AiRISTA Flow, Inc.
- 14.8 IndoorAtlas Ltd.
- 14.9 Juniper Networks, Inc.
- 14.10 ACUITY BRANDS LIGHTING, INC.
- 14.11 Inpixon
- 14.12 HID Global Corporation
- 14.13 Sonitor Technologies
- 14.14 InnerSpace
- 14.15 UBISENSE
- 14.16 HERE Technologies
- 14.17 Midmark Corporation
- 14.18 Broadcom Inc.
- 14.19 STANLEY Healthcare
- 14.20 Esri
List of Tables
- Table 1 Global Indoor Positioning and Navigation Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Indoor Positioning and Navigation Market Outlook, By Component (2020-2028) ($MN)
- Table 3 Global Indoor Positioning and Navigation Market Outlook, By Services (2020-2028) ($MN)
- Table 4 Global Indoor Positioning and Navigation Market Outlook, By Professional Services (2020-2028) ($MN)
- Table 5 Global Indoor Positioning and Navigation Market Outlook, By Training and Consulting (2020-2028) ($MN)
- Table 6 Global Indoor Positioning and Navigation Market Outlook, By System Integration and Implementation (2020-2028) ($MN)
- Table 7 Global Indoor Positioning and Navigation Market Outlook, By Support and Maintenance (2020-2028) ($MN)
- Table 8 Global Indoor Positioning and Navigation Market Outlook, By Managed Services (2020-2028) ($MN)
- Table 9 Global Indoor Positioning and Navigation Market Outlook, By Hardware (2020-2028) ($MN)
- Table 10 Global Indoor Positioning and Navigation Market Outlook, By Solutions (2020-2028) ($MN)
- Table 11 Global Indoor Positioning and Navigation Market Outlook, By Indoor Tracking (2020-2028) ($MN)
- Table 12 Global Indoor Positioning and Navigation Market Outlook, By Asset and People Tracking (2020-2028) ($MN)
- Table 13 Global Indoor Positioning and Navigation Market Outlook, By Indoor Location Analytics (2020-2028) ($MN)
- Table 14 Global Indoor Positioning and Navigation Market Outlook, By Indoor Navigation (2020-2028) ($MN)
- Table 15 Global Indoor Positioning and Navigation Market Outlook, By Database Management (2020-2028) ($MN)
- Table 16 Global Indoor Positioning and Navigation Market Outlook, By Software (2020-2028) ($MN)
- Table 17 Global Indoor Positioning and Navigation Market Outlook, By Technology (2020-2028) ($MN)
- Table 18 Global Indoor Positioning and Navigation Market Outlook, By Magnetic Positioning (2020-2028) ($MN)
- Table 19 Global Indoor Positioning and Navigation Market Outlook, By Simultaneous Localization and Mapping (SLAM) (2020-2028) ($MN)
- Table 20 Global Indoor Positioning and Navigation Market Outlook, By Global Navigation Satellite System (GNSS) (2020-2028) ($MN)
- Table 21 Global Indoor Positioning and Navigation Market Outlook, By Global Positioning System (GPS) (2020-2028) ($MN)
- Table 22 Global Indoor Positioning and Navigation Market Outlook, By Global Navigation Satellite Systems (GLONASS) (2020-2028) ($MN)
- Table 23 Global Indoor Positioning and Navigation Market Outlook, By Galileo (2020-2028) ($MN)
- Table 24 Global Indoor Positioning and Navigation Market Outlook, By A-GPS (2020-2028) ($MN)
- Table 25 Global Indoor Positioning and Navigation Market Outlook, By Radio Frequency (2020-2028) ($MN)
- Table 26 Global Indoor Positioning and Navigation Market Outlook, By Cellular (2020-2028) ($MN)
- Table 27 Global Indoor Positioning and Navigation Market Outlook, By Sensors (2020-2028) ($MN)
- Table 28 Global Indoor Positioning and Navigation Market Outlook, By Gyroscope (2020-2028) ($MN)
- Table 29 Global Indoor Positioning and Navigation Market Outlook, By Acceleration (2020-2028) ($MN)
- Table 30 Global Indoor Positioning and Navigation Market Outlook, By Barometer (2020-2028) ($MN)
- Table 31 Global Indoor Positioning and Navigation Market Outlook, By Antenna (2020-2028) ($MN)
- Table 32 Global Indoor Positioning and Navigation Market Outlook, By Near Field Communication (NFC) (2020-2028) ($MN)
- Table 33 Global Indoor Positioning and Navigation Market Outlook, By Bluetooth Low Energy (2020-2028) ($MN)
- Table 34 Global Indoor Positioning and Navigation Market Outlook, By Ultra-Wideband Technology (2020-2028) ($MN)
- Table 35 Global Indoor Positioning and Navigation Market Outlook, By Wi-Fi (2020-2028) ($MN)
- Table 36 Global Indoor Positioning and Navigation Market Outlook, By Radio-frequency identification (RFID) (2020-2028) ($MN)
- Table 37 Global Indoor Positioning and Navigation Market Outlook, By Other Technologies (2020-2028) ($MN)
- Table 38 Global Indoor Positioning and Navigation Market Outlook, By Platform (2020-2028) ($MN)
- Table 39 Global Indoor Positioning and Navigation Market Outlook, By Android (2020-2028) ($MN)
- Table 40 Global Indoor Positioning and Navigation Market Outlook, By Ios (2020-2028) ($MN)
- Table 41 Global Indoor Positioning and Navigation Market Outlook, By Application (2020-2028) ($MN)
- Table 42 Global Indoor Positioning and Navigation Market Outlook, By Location-Based Analytics (2020-2028) ($MN)
- Table 43 Global Indoor Positioning and Navigation Market Outlook, By Asset and Personnel Tracking (2020-2028) ($MN)
- Table 44 Global Indoor Positioning and Navigation Market Outlook, By Navigation and Maps (2020-2028) ($MN)
- Table 45 Global Indoor Positioning and Navigation Market Outlook, By Geo-Fencing (2020-2028) ($MN)
- Table 46 Global Indoor Positioning and Navigation Market Outlook, By Emergency Services (2020-2028) ($MN)
- Table 47 Global Indoor Positioning and Navigation Market Outlook, By Sales and Marketing Optimization (2020-2028) ($MN)
- Table 48 Global Indoor Positioning and Navigation Market Outlook, By Remote Monitoring (2020-2028) ($MN)
- Table 49 Global Indoor Positioning and Navigation Market Outlook, By Supply Chain Management (2020-2028) ($MN)
- Table 50 Global Indoor Positioning and Navigation Market Outlook, By Inventory Management (2020-2028) ($MN)
- Table 51 Global Indoor Positioning and Navigation Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 52 Global Indoor Positioning and Navigation Market Outlook, By End User (2020-2028) ($MN)
- Table 53 Global Indoor Positioning and Navigation Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 54 Global Indoor Positioning and Navigation Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 55 Global Indoor Positioning and Navigation Market Outlook, By Office spaces (2020-2028) ($MN)
- Table 56 Global Indoor Positioning and Navigation Market Outlook, By Retail (2020-2028) ($MN)
- Table 57 Global Indoor Positioning and Navigation Market Outlook, By Logistics & Warehouses (2020-2028) ($MN)
- Table 58 Global Indoor Positioning and Navigation Market Outlook, By Travel & Hospitality (2020-2028) ($MN)
- Table 59 Global Indoor Positioning and Navigation Market Outlook, By Public Spaces (2020-2028) ($MN)
- Table 60 Global Indoor Positioning and Navigation Market Outlook, By Aviation (2020-2028) ($MN)
- Table 61 Global Indoor Positioning and Navigation Market Outlook, By Education (2020-2028) ($MN)
- Table 62 Global Indoor Positioning and Navigation Market Outlook, By Advertising (2020-2028) ($MN)
- Table 63 Global Indoor Positioning and Navigation Market Outlook, By Automotive (2020-2028) ($MN)
- Table 64 Global Indoor Positioning and Navigation Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 65 Global Indoor Positioning and Navigation Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 66 Global Indoor Positioning and Navigation Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 67 Global Indoor Positioning and Navigation Market Outlook, By SMEs (2020-2028) ($MN)
- Table 68 Global Indoor Positioning and Navigation Market Outlook, By Deployment Mode (2020-2028) ($MN)
- Table 69 Global Indoor Positioning and Navigation Market Outlook, By On-premises (2020-2028) ($MN)
- Table 70 Global Indoor Positioning and Navigation Market Outlook, By Cloud (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
