Global Indoor Positioning and Indoor Navigation (IPIN) Market Outlook, 2024

Market Overview

"About more than 65% of healthcare facilities are not familiar with Indoor Location systems. There would be a huge opportunities for the market players and system providers to introduce their products and solutions for healthcare sector."

With the rising number of smart phones along with the growing flow of digitalization, one can easily find out the real time location based on information on their handsets. Not only outside the buildings but anyone can easily find the location inside the building as well. So Indoor Location is a system that is use to locate people or object inside the building with the help of radio waves, magnetic fields and other sensors and can navigate their path towards the destination. It is also known as indoor localization as it collects or locates anything inside the premises. With the help of radio waves and signals collected by devices such as smart phones, anyone can easily locate people or object inside the premises. The absence of satellite signal inside the premises is growing the need for Indoor Location systems so that connected objects or people can be tracked. Penetration of global positioning system (GPS) technologies in the Indoor Location system enables navigation in the indoor building, such as malls, mega-stores, casinos, airports and others public areas. The two top players of global Indoor Location Market i.e. Apple inc. and Google have announced advancement in their mobile operating system related to Indoor Location and have said that now people can be traced 75% faster inside the premises.

There is less complexity in installing these GPS technologies. Thus, the exertion of these technologies becomes hassle free for users. It is seen that in the former years, many companies have collaborated to work upon Indoor Location systems such as Polaris Wireless collaborated with Global telecom, a Philippines based company, to work upon Indoor Location systems. The increase in number of smart phones is the biggest growth driver which helps the Indoor Location system installers to provide better services. On the other hand, lack of awareness among the population about the use of indoor positioning system, creates cynicism among the end-users to deploy Indoor Location systems inside the premises.

Global IPIN Market Segmentation

On the basis of services

• Managed service

Pure play managed services

Staffing legacy managed services

• Professional services

On the basis of solution

• Hardware

GPS

Mobile devices

• Software

Software Tools

Context Accelerator

Location Analytics

Others

On the basis of technology

• RF based (Wi-Fi/BLE)
• Sensor and Tag Based
• Others (Satellite/Remote Sensing and Microwave)

On the basis of application

• Risk Management
• Predictive Asset Analytics
• Emergency Response Management
• Remote Monitoring
• Marketing and Customer Experience Management
• Inventory Management

On the basis of end-user

• Transportation
• Hospitality
• Entertainment
• Defense
• Others (Retail, Manufacturing)

On the basis of region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Penetration Rate (%)}

Market Size and Forecast to 2024

Global Indoor Location Market is expected to reach USD 28.2 billion by 2024 from USD 4.82 billion in 2016, growing at a CAGR of 38.2% during the forecast period. Professional services segment dominated the overall Indoor Location services segment with a market share of 58.2% in 2016 on the back of spiked demand form developed countries.

With the successful maintenance of privacy of costumers and at the same time allocating their location in the organization, the context accelerator software tool  is dominating the market and is expected to grow at a highest CAGR of around 7.0% during the forecast period.

Regional Market Share

On the basis of region, North America is said to dominate the global market with a market share of 30.2% by the end of 2024 due to availability of advanced connectivity wireless technology and technologies such as 3D based indoor positioning system. High penetration rate of smart devices such as smart phones, smart wearable, and others are providing ease to the indoor position and indoor navigation system integrators to set-up their systems. Moreover, Asia-Pacific region is one of the most opportunistic markets for the Indoor Location Market players. Rising penetration of smart phones along with the deployment of 4G bandwidth in emerging countries such as China, Japan, Singapore and others are providing ease to the end–use industries to deploy Indoor Location systems.

Indoor Positioning Market Dynamics

Growth Drivers

The major growth drivers which are propelling the growth of global Indoor Location Market are:

• Limited tracking facility of GPS technology in indoor locations.
• Rising concerns among the government authorities towards public safety.
• Advanced bandwidth and internet connectivity services.

Market Challenges

There are some market challenges for the market players and end-use industries to integrate Indoor Location systems.

• Lack of awareness among the population towards the usage of advanced technology.
• Lack of infrastructure in developing countries across the globe.
• Complexity and high cost associated with the integration of Indoor Location systems.

Key Market Players

• Apple Inc.
• Google
• Cisco system Inc.
• Microsoft Corporation
• Qualcomm Technologies
• Senionlab AB
• Ericsson
• STMicroelectronics N.V
• Zebra Technologies

Covered in this Indoor Positioning & Indoor Navigation(IPIN) Market Report

Market Synopsis

Market Segmentation

Global Indoor Location Market is segmented as follows:

• On the basis of services type (Market Size, Demand Analysis and Growth Analysis)
• On the basis of solution type (Market Size, Demand Analysis and Growth Analysis)
• On the basis of technology type (Market Size, Demand Analysis and Growth Analysis)
• On the basis of  application type (Market Size, Demand Analysis and Growth Analysis)
• On the basis of end-user type (Market Size, Demand Analysis and Growth Analysis)

Global Positioning and Indoor Navigation (IPIN) Market report covered insights of below mentioned regions:

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

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