Indoor Positioning and Navigation Systems Market To Reach US Dollar


WASHINGTON, December 01, 2021 (GLOBE NEWSWIRE) – Advantageous market research stated in their report that the indoor positioning and navigation systems market is expected to reach $ 35.65 billion by 2028, more and more CAGR of 39.45% from 2021 to 2028. The report is titled as- “Indoor Positioning and Navigation Systems Market by Product (Asset and Personnel Tracking, Location Based Analytics, Navigation & Maps, Others) by Application (Healthcare, Retail, Manufacturing, Travel & Hospitality, Offices, Spaces public, logistics and warehouses, other), by region (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa): global market assessment, 2021 – 2028”. Growing demand from various end-use industries and increasing technological developments in indoor positioning systems are expected to increase the growth of the Indoor Positioning and Navigation Systems Market during the forecast period.

Main conclusions:

  • The software segment is expected to grow at a significant CAGR during the forecast period. This is attributed to the increasing developments of various software applications used for indoor mapping.
  • The geolocated analysis segment had a market share of approximately 27.74% in 2020. This share is due to the increasing use of this analysis by various companies for the advantages it offers. These benefits include hyper-local intelligence, real-world context, and actionable insights that help make more informed decisions.
  • The Wi-Fi segment is expected to grow at a CAGR of over 14.82% during the forecast period. Indoor Wi-Fi-based positioning and navigation systems provide a high level of accuracy of three to five meters because they use time-of-arrival difference measurements with high bandwidth.
  • North America is expected to grow at a CAGR of over 30.56% from 2021 to 2028. This surge is attributed to the early adoption of technologies and increased investment in research and development of these technologies in the region.

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  • In-depth industry analysis, introduction, overview and outbreak of COVID-19 pandemic.
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  • The updated report includes major market players with their sales volume, business strategy and revenue analysis using VMR research methodology.

Some of the key players in the Indoor Positioning and Navigation Systems Market include the companies below:

Sr. No. Companies
1 ICI Technologies
2 Nextome
3 Interior Atlas
4 Sénion AB
5 Sense where
6 SPREO
7 Path
8 inside
9 pointer
ten AirFinder
11 Zebra
12 Etonesystem
13 Hi-target
14 TSINGOAL
15 Baidu inc.
16 Qihoo 360
17 Siemens
18 AutoNavi

Impact of COVID-19:

The current epidemic has affected all markets around the world. Many companies, including around the world Indoor Positioning and Navigation Systems Market, have been affected by the COVID-19 pandemic. To tackle the outbreak, the government and nations have put in place a number of tough measures, including locking down and adjusting a number of industry rules, to help various businesses stay competitive. The document includes a full breakdown of the analysis of the effects before and after the pandemic. During the COVID-19 situation, the market is expected to gradually gain ground by implementing strategic plans.

To learn more about the short and long term impacts of COVID-19 on this market: https://www.vantagemarketresearch.com/industry-report/indoor-positioning-and-navigation-system-market-0158

The increasing adoption of these systems and the demand from various end-use industries are expected to increase the growth of the indoor positioning and navigation systems market in the coming years. Indoor positioning and navigation systems are widely used in various industries such as healthcare, retail, manufacturing, travel and hospitality, offices, public spaces, logistics and warehouses, among others. In the healthcare industry, these systems are used in various hospitals to direct patients to required and desired services. In logistics and warehouse, these systems allow real-time cargo and employee tracking and offer location and time related analytics. Other important advantages offered by such applications are reduced search times, increased efficiency, process optimization and employee safety. In the case of the travel and hospitality industry, the use of indoor positioning systems provides travelers with the most enjoyable travel experience possible. In addition, even operators benefit from real-time tracking solutions and analytics features and gain insight from the data collected. So, due to the various advantages offered in various industries, the demand for indoor positioning and navigation systems is expected to increase in the near future. Besides, the increasing technological developments are also expected to drive the growth of the market within the estimated time frame. The introduction of low power Bluetooth (BLE) signals is at the heart of indoor tracking technology and is one of the most promising technologies that have emerged for indoor tracking systems. It uses BLE beacons which are inexpensive, small, have a long battery life, and help estimate a user’s indoor location.

The Asia-Pacific region is expected to grow at a substantial CAGR during the forecast period. This is due to the increase in applications and adoption of indoor positioning and navigation systems in the region.

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Indoor Positioning & Navigation System market?
  • What segments are included in the Indoor Positioning and Navigation Systems market?
  • What are the major companies active in the Indoor Positioning and Navigation Systems market?
  • What are the major driving factors driving the growth of the indoor positioning and navigation systems market?
  • How can I get free sample reports or a study of the Indoor Positioning and Navigation Systems market?

Get Detailed Impact Analysis of COVID-19 on Indoor Positioning and Navigation Systems Market- https://www.vantagemarketresearch.com/industry-report/indoor-positioning-and-navigation-system-market-0158/customization-request

The indoor positioning and navigation systems market is segmented as follows:

By Component (Revenue: USD Million, 2016 – 2028)

By Application (Revenue: USD Million, 2016 – 2028)

  • Asset and staff tracking
  • Geolocated analysis
  • Navigation and maps
  • Others

By Technology (Revenue: USD Million, 2016 – 2028)

  • Ultra-wideband technology
  • Bluetooth low power consumption
  • Wireless
  • Others

By End-Use Industry (Revenue: USD Million, 2016 – 2028)

  • Health care
  • Retail
  • Manufacturing
  • Travel & Hospitality
  • Office spaces
  • Public spaces
  • Logistics and warehouses
  • Others

By Region (Revenue: USD Million, 2016 – 2028)

  • North America
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • The rest of europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • GCC countries
    • South Africa
    • Rest of Middle East and Africa

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