Indoor Positioning And Indoor Navigation Market Generate USD 43,511 Million by 2025 | Top Players such as - IndoorAtlas, Sensewhere, Nextome, SPREO

According to a recent report published by Allied Market Research, the global indoor positioning and indoor navigation (IPIN) market was valued at $2,642 million in 2017, and is projected to reach $43,511 million by 2025, growing at a CAGR of 42.0% from 2018 to 2025.

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Indoor positioning and navigation (IPIN) systems serve as a central platform for tracking the precise geographical locations of assets and personnel, utilizing wireless technologies such as Bluetooth low energy, Wi-Fi, ultra-wideband, among others. These systems offer a range of solutions including location analytics, navigation, mapping, wayfinding, and asset tracking for end-users.

Moreover, they ensure improved connectivity, swift access to accurate locations, and indoor location-based services such as proximity marketing. They also optimize workflows through the tracking of assets and personnel, and enhance indoor navigation and routing. These factors are projected to propel the growth of the global indoor positioning and navigation market.

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Additionally, the increasing demand for IPIN devices and solutions across various settings such as shopping malls, airports, hotels, university campuses, warehouses, hospitals, and other venues is expected to create lucrative growth opportunities in the global market throughout the forecast period.

Rise in adoption of Bluetooth beacons, increase in demand for proximity marketing, surge in the adoption of IoT in indoor positioning, increase in the penetration of connected devices, rise in concerns among the government authorities toward public safety, and a 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 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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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.

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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