Press release
Indoor Location by Positioning Systems (Indoor LBS) Market is growing at a CAGR of 44.8% between 2019 and 2024.
Indoor Location by Positioning Systems Market 2019
The global Indoor Location by Positioning Systems (Indoor LBS) market report provides an in-depth analysis of the Indoor Location by Positioning Systems (Indoor LBS) industry, analyzing the potential of the market and also provides data and forecasts on the market structure, dynamics, and trends.
The global Indoor Location by Positioning Systems (Indoor LBS) market is valued at 480 million USD in 2018 and is expected to reach 4450 million USD by the end of 2024, growing at a CAGR of 44.8% between 2019 and 2024.
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Indoor LBS (Location-based Services) is used to track the location of an object or people within a building，specializing in next-generation mobile solutions and new customer experiences, including indoor location-based services, mapping & way finding, in-store product search, BLE beacons proximity services, and mobile payments.
Indoor LBS is confined to a very limited geography; hence, it uses only wireless networks such as Wi-Fi and wireless local area networks (WLAN), which cover a small area. In addition, indoor LBS requires high accuracy to determine the position of the object or device. As a result, indoor LBS uses positioning technologies based on Wi-Fi, WLAN, ultra-wide band (UWB), Bluetooth, assisted global positioning system (A-GPS), microelectronic mechanical system (MEMS), and other hybrid technologies to determine the location of the searched object.
In future, the strong demand for Indoor LBS from Offices and Commercial Buildings, Government, Public Safety and Urban Security, Healthcare, Manufacturing, Distribution and Logistics, Oil, Gas and Mining, will drive the global Indoor LBS to develop rapidly in future.
Currently, the global Indoor LBS market are being dominated by few players, like Google, Apple, Aisle411, Wifarer and Microsoft etc. But in the past five years, more and more players entered the indoor LBS market, most of them are startups. In future, the global indoor LBS market concentration will be higher, and the large enterprises will consolidate their position through mergers & acquisitions.
The GPS has widely out of doors, but in it do not perform well indoor, this drive the indoor LBS technology to meet the market demand. Currently, the Wi-Fi and Bluetooth technology are dominating the global Indoor LBS market, due to their low cost and large number of hot spot distribution. As technology advances, the LED Positioning will be likely to be used widely in future.
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Top Market Key Players, Google(US), Apple(US), HERE Maps(FI), Aisle411(US), Broadcom(US), IndoorAtals(FI), Senion(SE), Acuity Brands(ByteLight)(US), Wifarer(CA), Microsoft(US), Cisco Systems(US), Skyhook(TruePosition)(US), Insiteo(US), Shopkick(US), Ekahau(US), Ericsson(SE), Point Inside(US), Qualcomm(US), Zonith(DK), Navizon/Accuware(US), Locata Corporation(AU), Ubisense(UK), Meridian(US), Sensewhere(UK), TRX Systems(US), Rtmap(CN), URadio Systems(CN), Huace Optical-communications(CN)
Market Segment by Regions, regional analysis covers , North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers, Network-Based Positioning System, Independent Positioning System, Hybrid Positioning System
Market Segment by Applications can be divided into, Offices and Commercial Buildings, Government, Public Safety and Urban Security, Healthcare, Travel and Hospitality, Aviation, Academia and Education, Oil, Gas and Mining, Manufacturing, Distribution and Logistics
The scope of the report: This research report presents an extensive study of the market and comprises significant insights, facts, previous data, and statistically-supported and industry-validated market facts and projections with an appropriate set of methodologies and assumptions. It provides analysis and data on the basis of market segments and sub-segments, regions, product type, and distribution channels.
What the report offers:
Market Overview for the Global Indoor Location by Positioning Systems (Indoor LBS) Market and the identification of the market dynamics, including growth drivers, restraints, challenges, and potential opportunities for the market.
Market analysis for the Global Indoor Location by Positioning Systems (Indoor LBS) Market, with competitive landscape and geographic analysis on a global and regional scale.
Determination of different factors responsible for changing the market landscape, rising future opportunities and determination of leading players, which can affect the market on a regional scale.
Company profiles of the leading competitors along with their strategic initiatives and market shares.
Determination and analysis of the macro- and microeconomic factors that affect the Global Indoor Location by Positioning Systems (Indoor LBS) Market, as per the regional analysis.
In the end, This report is an assimilation of trustworthy and updated information, quantitative and qualitative evaluation by industry analysts, inputs from industry professionals and leading competitors across the industrial value chain.
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