Press release
Comprehensive Indoor Location Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Indoor Location Market Size
The indoor location market is projected to grow from $14.09 billion in 2024 to $17.53 billion in 2025, at a CAGR of 24.4%. This growth is driven by applications powered by beacons and Bluetooth low-energy tags, the increased use of proximity-based solutions in retail, and the rising adoption of IoT and connected devices like wearables and smartphones.
The Indoor Location market will grow to $41.66 billion by 2029 at a CAGR of 24.2%, fueled by demand for accurate navigation and real-time location services. Trends include integration with AR, real-time location systems (RTLS), and cloud-based platforms.
What Is Stimulating Growth in the Indoor Location Market?
The growing use of smartphones is expected to fuel the growth of the indoor location market in the coming years. A smartphone is a mobile device that integrates advanced computing and connectivity features, such as internet access, touchscreens, and third-party apps. The rise in smartphone usage is due to its multifunctionality, widespread accessibility, improved technology, and its role in communication, work, and entertainment. Smartphones are crucial for indoor location services by using sensors, wireless technologies, and mapping apps to offer accurate indoor navigation. For example, Uswitch Limited reported in February 2024 that mobile connections in the UK rose to 71.8 million in 2023, a 3.8% increase from 2021, and by 2025, 95% of the UK population, or 65 million people, will own smartphones. Thus, the increasing smartphone usage is driving the growth of the indoor location market.
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Which Key Market Leaders Are Driving Indoor Location Industry Growth?
Major companies operating in the indoor location market are Apple Inc., Google LLC, Microsoft Corporation, Cisco Systems Inc., Mist Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc., Secure Energy Services Inc., Zebra Technologies Corporation, Acuity Brands Inc., Halma plc, HERE Global B.V., Environmental Systems Research Institute Inc. (Esri), STANLEY Healthcare, Orient Electric Limited, Polaris Wireless Inc., Ubisense Limited, Inpixon, Sonitor Technologies AS, IndoorAtlas Ltd., HID Global Corporation, Quuppa Oy, InnerSpace Technology Inc., AiRISTA Flow Inc., Pozyx Labs NV, Mapxus Limited, Kontakt.io Inc., infsoft GmbH
What Are the Emerging Trends in the Indoor Location Industry?
Leading companies in the indoor location market are developing cutting-edge products such as the ArcGIS Indoor Positioning System (IPS) to enhance their competitive edge. The ArcGIS IPS provides real-time indoor location services through the ArcGIS Indoors app and custom apps. For example, in July 2022, Esri, a US-based software company, introduced the ArcGIS IPS, which uses Bluetooth beacons to track mobile devices indoors. This system improves indoor navigation, provides location analytics for facility managers, and supports hybrid workplace safety.
What Are the Main Segments in the Indoor Location Market?
The indoor location market covered in this report is segmented -
1) By Offering: Hardware, Solutions, Services
2) By Technology: Bluetooth Low Energy (BLE), Ultra-wideband (Uwb), Wi-Fi, Radio Frequency Identification (RFID), Magnetic Positioning
3) By Application: Emergency Response Management, Sales And marketing Optimization, Remote Monitoring, Predictive Asset Maintenance, Supply Chain Management, Inventory Management
4) By Vertical: Retail, Travel And Hospitality, Media And Entertainment, Transportation And Logistics, Government And Public Sector, Manufacturing, Healthcare And Pharmaceuticals
Subsegments:
1) By Hardware: Beacons, Sensors, RFID Tags, Wi-Fi Access Points
2) By Solutions: Indoor Mapping Solutions, Positioning and Navigation Solutions, Indoor Tracking Solutions, Data Analytics Solutions
3) By Services: Installation and Deployment Services, Consulting Services, Maintenance and Support Services, Integration Services
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Which Geographic Area Leads the Indoor Location Market?
North America was the largest region in the indoor location market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor location market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Indoor Location Global Market Report?
- Market Size Analysis: Analyze the Indoor Location Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Indoor Location Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Indoor Location Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Indoor Location Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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