Comprehensive Analysis of the Indoor Positioning and Indoor Navigation (IPIN) Market Growing at a CAGR of 42.0%

According to the report published by Allied Market Research, the global indoor positioning and indoor navigation (IPIN) market held $2.64 billion in 2017, and is estimated to generate $43.51 billion by 2025, growing at a CAGR of 42% from 2018 to 2025.

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The report offers a detailed analysis of key market trends, growth factors & opportunities, key segments, Porter's five forces analysis, value chain, and competitive landscape.

Indoor positioning and navigation (IPIN) systems serve as centralized platforms for detecting and tracking the geographical locations of assets and personnel within indoor environments, employing wireless technologies like Bluetooth low energy, Wi-Fi, and ultra-wideband. These systems offer a range of solutions including location analytics, navigation, mapping, wayfinding, and asset tracking.

They facilitate improved connectivity and rapid access to precise indoor locations, enabling indoor location-based services such as proximity marketing and workflow optimization through asset and personnel tracking. The enhanced indoor navigation and routing capabilities provided by IPIN systems are expected to propel the growth of the global market. Additionally, the increasing demand for IPIN solutions across various venues such as shopping malls, airports, hotels, university buildings, warehouses, and hospitals is anticipated to create lucrative growth opportunities during the forecast period.

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Rise in adoption of Bluetooth beacons, increase in demand for proximity marketing, surge in adoption of IoT in indoor positioning, increase in penetration of connected devices, rise in concerns among the government authorities toward public safety, and growth in advanced bandwidth and internet connectivity services are the major factors that are expected to drive the indoor positioning and indoor navigation market growth. However, operational challenges and high cost associated with the integration of IPIN systems are expected to hamper the growth of the global IPIN market during the forecast period.

Based on application, the location-based analytics segment dominated the overall indoor positioning and indoor navigation market share in 2017 and is expected to continue this trend during the forecast period due to increase in proximity marketing solutions among the retail sector.

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.

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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.

Based on end use industry, the retail segment accounted for the dominant share in the global market in 2017, accounting for more than one-fifth of the total market share, and is estimated to maintain its dominance during the forecast period. However, the healthcare segment is expected to maintain the fastest CAGR of 47.8% from 2018 to 2025. The report discusses segments including manufacturing, office spaces, travel & hospitality, logistics, public spaces, and warehouses.

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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Some of the key players profiled in the indoor positioning and indoor navigation market report include HERE Technologies, Nextome, IndoorAtlas, Senion AB, Sensewhere, SPREO, Steerpath, indoo.rs, Pointr, and AirFinder.

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