Press release
Indoor Positioning And Indoor Navigation Market Report 2024-2033: Size, Share, Growth, Trends, Outlook
Indoor Positioning And Indoor Navigation (IPIN) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $76.72 billion In 2028 At A CAGR Of 41.9% :
The indoor positioning and indoor navigation (IPIN) market size has grown exponentially in recent years. It will grow from $13.24 billion in 2023 to $18.91 billion in 2024 at a compound annual growth rate (CAGR) of 42.8%. The growth in the historic period can be attributed to increase in demand for proximity marketing, surging adoption of smartphones, augmentation in internet connectivity, increasing penetration of IoT, increasing use of GPS navigation systems.
The indoor positioning and indoor navigation (IPIN) market size is expected to see exponential growth in the next few years. It will grow to $76.72 billion in 2028 at a compound annual growth rate (CAGR) of 41.9%. The growth in the forecast period can be attributed to surge in adoption of IoT in indoor positioning, rise in adoption of Bluetooth beacons, confinement of GPS utility to outdoor environments, increasing the use of iBeacon for businesses, growing demand for real-time location systems (RTLS). Major trends in the forecast period include integration of augmented reality (AR), ultra-wideband (UWB) technology, multi-sensor fusion, indoor mapping and digital twins, integration with internet of things (IoT) devices.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14121&type=smp
Indoor Positioning And Indoor Navigation (IPIN) Market Major Segments
The indoor positioning and indoor navigation (IPIN) market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Technology: Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, Other Technologies
3) By Application: Asset And Personnel Tracking, Location-Based Analytics, Navigation And Maps, Other Applications
4) By End Use Industry: Healthcare, Retail, Manufacturing, Travel And Hospitality, Office Spaces, Public Spaces, Logistics And Warehouses, Other End Use Industries
Key Driver - Smartphone Adoption Fuels Growth In Indoor Positioning And Navigation (IPIN) Market
The surging adoption of smartphones is expected to propel the growth of the indoor positioning and indoor navigation (IPIN) market going forward. Smartphones are handheld electronic devices that combine communication, computing, and multimedia capabilities, typically featuring touchscreens and mobile operating systems. The increasing adoption of smartphones enhances indoor positioning and navigation capabilities through built-in sensors, such as GPS, accelerometers, and gyroscopes, enabling more accurate and efficient indoor navigation solutions. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8%, or around 2.6 million, increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the surging adoption of smartphones is driving the growth of the indoor positioning and indoor navigation (IPIN) market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14121&type=smp
Prominent Trend - HERE Technologies Leads Indoor Mapping Innovation With Indoor Map As A Service
Major companies operating in the indoor positioning and indoor navigation (IPIN) market focus on developing advanced solutions, such as indoor mapping, to enhance location-based services. Indoor mapping solutions involve creating detailed digital representations of interior spaces to facilitate accurate and efficient building navigation. For instance, in January 2022, HERE Technologies, a Netherlands-based location data and technology platform provider, launched Indoor Map as a Service, a one-stop shop for indoor mapping solutions that includes indoor map data, routing, and positioning, all available through the HERE SDK and seamlessly connected with our base map. The service includes indoor map data, routing, and positioning, all available through the HERE SDK and seamlessly connected with the company's base map. The Indoor Map as a Service aims to enable wayfinding, indoor asset tracking, and space usage optimization use cases. The Indoor Map as a Service has enabled HERE to expand its offerings and provide a comprehensive solution for indoor mapping needs. It caters to a growing market for location technologies that power wayfinding, indoor asset tracking, and space usage optimization.
Indoor Positioning And Indoor Navigation (IPIN) Market Players
Major companies operating in the indoor positioning and indoor navigation (IPIN) market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corp., Siemens AG, Cisco Systems Inc., Qualcomm Inc., Broadcom Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, STMicroelectronics N.V., Inpixon, Motorola Solutions Inc., HERE Global B.V. (HERE Technologies), Navigine Corp., Pointr Labs Limited, Sensewhere Limited, Link Labs Corporation, Oriient Labs Ltd., Situm Technologies SL, SPREO, IndoorAtlas Oy, GiPStech Srl, MazeMap AS, Pinmicro K K, Mapsted Corporation, indoo.rs GmbH, Insiteo SAS, Nextome S.r.l, Steerpath Ltd.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/indoor-positioning-and-indoor-navigation-ipin-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the indoor positioning and indoor navigation (IPIN) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor positioning and indoor navigation (IPIN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Indoor Positioning And Indoor Navigation (IPIN) Market Report Structure
3. Indoor Positioning And Indoor Navigation (IPIN) Market Trends And Strategies
4. Indoor Positioning And Indoor Navigation (IPIN) Market - Macro Economic Scenario
5. Indoor Positioning And Indoor Navigation (IPIN) Market Size And Growth
…..
27. Indoor Positioning And Indoor Navigation (IPIN) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Indoor Positioning And Indoor Navigation Market Report 2024-2033: Size, Share, Growth, Trends, Outlook here
News-ID: 3507403 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Indoor
Prominent Indoor Positioning And Indoor Navigation (IPIN) Market Trend for 2025: …
What combination of drivers is leading to accelerated growth in the indoor positioning and indoor navigation (ipin) market?
The burgeoning use of smartphones is projected to fuel the expansion of the indoor positioning and indoor navigation (IPIN) market. Smartphones, as handheld digital appliances, blend communication, computation, and multimedia functionalities, usually equipped with touchscreens and mobile operating systems. The rise in the use of smartphones improves indoor positioning and navigation potentiality through…
Indoor Golf Equipment
Global Info Research announces the release of the report "Global Indoor Golf Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets.…
Indoor Positioning & Indoor Navigations Market Size, Share and Forecast 2019-202 …
IPIN is defined as a network of devices that enables to track the geographical location of personnel within a confined area. These systems work through the deployment of wireless technologies such as Bluetooth, WiFi, and ultra-wideband. It offers location analytics, navigation, mapping, wayfinding, asset tracking, and other solutions to its end-users. The growth of the global Indoor positioning and indoor navigations (IPIN) market is expected to be lucrative over the…
Indoor Positioning and Indoor Navigation (IPIN) Market Size, Growth & Forecast t …
The global indoor positioning and indoor navigation (IPIN) market is growing significantly and estimated to grow at a CAGR of 28.4% during the forecast period (2019-2025). IPIN is primarily used for navigation within an industry, office or a building. Indoor positioning & indoor navigations (IPIN) is primarily used for navigation within an industry, office or a building. GPS-based navigation is unreliable for pinpoint accuracy in interior spaces and GPS reception…
Indoor Karting Market: Global Indoor Karting Market Professional Survey Report 2 …
This report studies Indoor Karting in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Alpha Karting
Anderson Racing Karts
…
Indoor Positioning and Indoor Navigation Market - Analysis, Growth 2024
Global Indoor Positioning and Indoor Navigation (IPIN) Market
An indoor positioning and indoor navigation (IPIN) system is a network of devices used to locate people and objects inside a building wirelessly. Whereas navigation is concerned with finding places in large office buildings, museums, university buildings and malls, indoor positioning and indoor navigation (IPIN) solutions improve accuracy of Wi-Fi based navigation and positioning. Earlier GPS devices were used intensively, as these devices…
