Indoor Positioning and Indoor Navigation Market by Component (Software, Hardware, and Services), by Technology (Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, and Others), by Application (Asset and Personnel Tracking, Location-Based Analytics, Navigation and Maps, and Others), by End User (Healthcare, Retail, Manufacturing, Travel & Hospitality, Office spaces, Public Spaces, Logistics & Warehouses, and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Indoor Positioning and Indoor Navigation Market

Industry:  ICT & Media | Publish Date: Dec 2022 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition

The Global Indoor Positioning and Indoor Navigation Market size was valued at USD 1.28 billion in 2019 and is predicted to reach USD 30.20 billion by 2030, with a CAGR of 33.1% from 2020-2030.

Indoor positioning and indoor navigation (IPIN) is an integrated system of software, hardware and services networking to navigate geographical location of personnel and assets within the circumference of a premise. This is achieved by deployment of wireless technologies like ultra-wideband, Wi-Fi, Bluetooth low energy, and others. IPIN systems hold wide application in malls, hotels, resorts, university premises, office spaces, public spaces, healthcare facilities, museums, warehouses, and others.

Market Dynamics and Trends

The global Indoor positioning and indoor navigation market is on a spur due to growing demand for proximity marketing, real-time location systems (RTLS), augmentation in internet connectivity, advancements in bandwidths, and growing adoption of Bluetooth Beacons.

Furthermore, factors such as increasing penetration of IoT & API technologies in IPIN systems, surging adoption of smartphones, and advancements in GPS navigation systems, are anticipated to boost-up the growth of global Indoor positioning and indoor navigation market, in coming future.

However, factors like higher installation costs of IPIN systems along with their complex operation and maintenance, are impeding the growth of global Indoor positioning and indoor navigation market. Moreover, developments in product technology, infrastructural advancements, increasing investments by government authorities for public safety, and untapped market opportunities offered by emerging economies, shall create lucrative segments of growth in the global Indoor positioning and indoor navigation market.

 

Market Segmentations and Scope of the Study:

The global indoor positioning and indoor navigation market share has been analyzed based on component, technology, application, end user and geography.

Based on component, the indoor positioning and indoor navigation market is segmented into software, services, and hardware. Based on technology, the market is fragmented into ultra-wideband technology, Bluetooth low energy, Wi-Fi, and others. Based on application, the indoor positioning and indoor navigation market is categorized into asset and personnel tracking, location-based analytics, navigation & maps, and others. Based on end user, the indoor positioning and indoor navigation market is divided into healthcare, retail, manufacturing, travel & hospitality, office spaces, public spaces, Logistics & warehouses, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis

North America dominated the global Indoor positioning and indoor navigation market in the past, and is expected to maintain its dominance throughout the forecast period, accounting for the major market share. This is attributed to well-established GPS navigation systems, advanced internet connectivity and wideband, as well as higher adoption of RTLS and IPIN systems in this region.

Asia-Pacific is expected to demonstrate a substantial growth in the global Indoor positioning and indoor navigation market, growing with the highest CAGR values throughout the forecast period. This is due to increasing penetration of IPIN systems, improving GPS systems, developing IoT & API technologies, increasing adoption of smart gadgets specifically smart phones, and upsurge in initiatives taken by government regarding public safety.

 

Competitive Landscape

The indoor positioning and indoor navigation market, is highly competitive, and consists of various market players. Some of the major market players include HERE Technologies, IndoorAtlas, Nextome, Sensewhere, Senion AB, SPREO, indoo.rs GmbH, Steerpath, AirFinder and Pointr among others. With the development & deployment of advanced technologies, and launch of new products equipped with up-to-date features, market players are undergoing various business strategies to sustain their position in the highly competitive indoor positioning and indoor navigation market.

For instance, in October 2019, SPERO, one of the leading players in the indoor positioning and indoor navigation market, enhanced its Indoor Mapping Data Format (IMDF) delivery platform by implementing Apple’s Core Location provider services, in conjugation with Bluetooth (BLE) beacons, to enhance its indoor mapping and wayfinding solutions in majority of malls across the United States.

In January 2020, AMAP, a mapping, navigation, and location-based service provider, selected HERE Technologies, one of the major players in the indoor positioning and indoor navigation market, as their main provider of global map content.

In March 2020, IndoorAtlas announced a collaboration with Samsung SDS, to provide innovative indoor positioning and location-based services. This collaboration shall reinforce IndoorAtlas’s global leadership in indoor location-based services, and help cater the growing demand for such services from smart offices, hospitality industry, sports industry, healthcare sector, transportation sector, and other industry verticals.

In May 2020, IndoorAtlas announced a collaboration with Cherrypicks to provide location intelligence, data analysis, indoor navigation, proximity messaging, as well as marketing, eCommerce, and enterprise service solutions. The collaboration also aims at equipping the audience of world’s prominent airports, retail companies, and transit systems with the most advanced indoor experiences.

KEY BENEFITS

  • The indoor positioning and indoor navigation market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the indoor positioning and indoor navigation market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the indoor positioning and indoor navigation market.

  • The report incorporates competitive analysis of the market players along with their market share in the global indoor positioning and indoor navigation market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study of the indoor positioning and indoor navigation market.

  • Value chain analysis in the indoor positioning and indoor navigation market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Component

  • Software

  • Hardware

  • Services

By Technology

  • Ultra-Wideband Technology

  • Bluetooth Low Energy

  • Wi-Fi

  • Others

By Application

  • Asset and Personnel Tracking

  • Location-Based Analytics

  • Navigation and Maps

  • Others

By End Use

  • Healthcare

  • Retail

  • Manufacturing

  • Travel & Hospitality

  • Office Spaces

  • Public Spaces

  • Logistics & Warehouses

  • Others

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2020–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Component (Software, Hardware, and Services), by Technology (Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, and Others), by Application (Asset and Personnel Tracking, Location-Based Analytics, Navigation and Maps, and Others), by End User (Healthcare, Retail, Manufacturing, Travel & Hospitality, Office spaces, Public Spaces, Logistics & Warehouses, and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining Countries)

Companies Profiled

HERE Technologies, IndoorAtlas, Nextome, Sensewhere, Senion AB, SPREO, indoo.rs GmbH, Steerpath, AirFinder and Pointr

column chart pie chart

KEY BENEFITS

  • The indoor positioning and indoor navigation market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the indoor positioning and indoor navigation market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the indoor positioning and indoor navigation market.

  • The report incorporates competitive analysis of the market players along with their market share in the global indoor positioning and indoor navigation market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study of the indoor positioning and indoor navigation market.

  • Value chain analysis in the indoor positioning and indoor navigation market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Component

  • Software

  • Hardware

  • Services

By Technology

  • Ultra-Wideband Technology

  • Bluetooth Low Energy

  • Wi-Fi

  • Others

By Application

  • Asset and Personnel Tracking

  • Location-Based Analytics

  • Navigation and Maps

  • Others

By End Use

  • Healthcare

  • Retail

  • Manufacturing

  • Travel & Hospitality

  • Office Spaces

  • Public Spaces

  • Logistics & Warehouses

  • Others

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2020–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Component (Software, Hardware, and Services), by Technology (Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, and Others), by Application (Asset and Personnel Tracking, Location-Based Analytics, Navigation and Maps, and Others), by End User (Healthcare, Retail, Manufacturing, Travel & Hospitality, Office spaces, Public Spaces, Logistics & Warehouses, and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining Countries)

Companies Profiled

HERE Technologies, IndoorAtlas, Nextome, Sensewhere, Senion AB, SPREO, indoo.rs GmbH, Steerpath, AirFinder and Pointr

KEY PLAYERS:

  • HERE Technologies
  • IndoorAtlas
  • Nextome
  • Sensewhere
  • Senion AB
  • SPREO
  • indoo.rs
  • Steerpath
  • AirFinder
  • Pointr

Frequently Asked Questions
What will be the worth of global indoor positioning and indoor navigation market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the indoor positioning and indoor navigation market business is expected to hit at $30.20 billion (USD) by 2030.

Which region is expected to hold the highest market share in the indoor positioning and indoor navigation market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the indoor positioning and indoor navigation industry?

HERE Technologies, IndoorAtlas, Nextome, Sensewhere, Senion AB, SPREO, indoo.rs GmbH, Steerpath, AirFinder and Pointr.

What are the market segmentations and scope of the study?

The global indoor positioning and indoor navigation market share has been analyzed based on component, technology, application, end user and geography.

How big is the indoor positioning and indoor navigation market?

Currently (in 2019), the market value stands at USD 1.28 billion and it is anticipated to reach USD 30.20 billion by 2030.