Indoor Positioning and Indoor Navigation Market to Reach USD 43.51 Billion at 42% CAGR

According to the report published by Allied Market Research, The Indoor Positioning and Indoor Navigation Market to Reach USD 43.51 Billion at 42% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Increase in adoption of Bluetooth beacons along with surge in demand for proximity marketing drive the growth of the global IPIN market. Geographically, Asia-Pacific is expected to hold the highest CAGR of 48.1% during the forecast period. However, North America accounted for the largest share, holding more than one-third of the total market share in 2017, and will maintain its highest contribution during the forecast period.

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The global indoor positioning and indoor navigation market was valued at USD 2,642 million in 2017, and is projected to reach USD 43,511 million by 2025, growing at a CAGR of 42.0% from 2018 to 2025.

The global indoor positioning and indoor navigation market is segmented based on component, technology application, end-use industry, and region. In terms of component, the market is categorized into software, hardware, and services. Based on technology, it is divided into ultra-wideband technology, Bluetooth low energy, Wi-Fi, and others.

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Based on component, the services segment accounted for the highest share in 2017, accounting for more than two-fifths of the total revenue and is estimated to maintain its dominance during the forecast period. However, the software segment would witness the highest CAGR of 44.6% from 2018 to 2025.

Based on technology, the Bluetooth low energy segment is estimated to portray the fastest CAGR of 45.9% during the forecast period. However, the Wi-Fi segment contributed to the highest share in 2017, accounting for more than one-third of the total market share and is estimated to contribute the highest share throughout the forecast period. The research also analyzes segments including ultra-wideband technology and others.

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Geographically, Asia-Pacific is expected to hold the highest CAGR of 48.1% during the forecast period. However, North America accounted for the largest share, holding more than one-third of the total market share in 2017, and will maintain its highest contribution during the forecast period.

The report analyzes major market players operating in the global IPIN market such as HERE Technologies, Sensewhere, IndoorAtlas Ltd., Pointr, Steerpath Ltd., Senion AB, Nextome srl, indoo.rs, SPREO, and AirFinder.

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Key Findings of the Market:

● By application, the location-based analytics segment is expected to dominate the global indoor positioning and indoor navigation market during the forecast period.

● Based on end-use industry, the retail segment generated the highest revenue in 2017.

● Based on region, Asia-Pacific is anticipated to be the fastest growing region for indoor positioning and indoor navigation market during the forecast period.

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