Press release
Smartphone Adoption Fuels Growth In Indoor Positioning And Navigation (IPIN) Market: A Key Factor Shaping the Future of the Indoor Positioning And Indoor Navigation (IPIN) Market in 2025
Smartphone Adoption Fuels Growth
The indoor positioning and indoor navigation (IPIN) market will grow from $18.91 billion in 2024 to $26.77 billion in 2025, reflecting a CAGR of 41.6%. This growth is attributed to the increasing demand for proximity marketing, greater smartphone adoption, augmented internet connectivity, IoT penetration, and the growing use of GPS navigation systems.
The Indoor Positioning and Indoor Navigation (IPIN) market is expected to reach $109.2 billion by 2029 at a CAGR of 42.1%, driven by IoT adoption, Bluetooth beacon use, and demand for RTLS. Trends include AR integration, ultra-wideband (UWB) technology, and multi-sensor fusion.
What Are the Main Catalysts for Growth in the Indoor Positioning And Indoor Navigation (IPIN) Market?
The growing use of smartphones is expected to drive the growth of the indoor positioning and indoor navigation (IPIN) market. Smartphones are handheld devices that combine communication, computing, and multimedia functions, often featuring touchscreens and mobile operating systems. The increasing adoption of smartphones enhances indoor positioning and navigation through built-in sensors like GPS, accelerometers, and gyroscopes, making indoor navigation more accurate and efficient. For instance, Uswitch Limited reported in February 2023 that the number of mobile connections in the UK had risen to 71.8 million, a 3.8% increase from 2021, and by 2025, 95% of the UK population, or 65 million people, is expected to own smartphones. Therefore, the rising adoption of smartphones is driving the growth of the IPIN market.
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Which Businesses Are at the Forefront of Indoor Positioning And Indoor Navigation (IPIN) Market Development?
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.
What Are the Latest Innovations in the Indoor Positioning And Indoor Navigation (IPIN) Market?
Companies in the indoor positioning and indoor navigation (IPIN) market are introducing advanced solutions, such as indoor mapping, to improve location-based services. Indoor mapping allows the creation of digital representations of interior spaces for easier navigation. For example, in January 2022, HERE Technologies, a Netherlands-based location data provider, launched Indoor Map as a Service, which includes map data, routing, and positioning through the HERE SDK. This solution enables indoor wayfinding, asset tracking, and space optimization.
How Is the Indoor Positioning And Indoor Navigation (IPIN) Market Segmented?
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
Subsegments:
1) By Software: Mapping And Visualization Software, Location Analytics Software, Navigation And Routing Software, Asset Tracking Software, Others
2) By Hardware: Beacons, Sensors, Access Points, Tags, RFID Systems, Others
3) By Services: Consulting Services, Integration And Deployment Services, Maintenance And Support Services, Managed Services, Others
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Where Is the Indoor Positioning And Indoor Navigation (IPIN) Market Growth Most Prominent?
North America was the largest region in the indoor positioning and indoor navigation (IPIN) market in 2024. 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.
What Is Covered In The Indoor Positioning And Indoor Navigation (IPIN) Global Market Report?
- Market Size Analysis: Analyze the Indoor Positioning And Indoor Navigation (IPIN) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Indoor Positioning And Indoor Navigation (IPIN) 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 Positioning And Indoor Navigation (IPIN) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Indoor Positioning And Indoor Navigation (IPIN) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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