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Prominent Indoor Positioning And Indoor Navigation (IPIN) Market Trend for 2025: HERE Technologies Leads Indoor Mapping Innovation With Indoor Map As A Service
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 incorporated sensors like GPS, accelerometers, and gyroscopes, facilitating more precise and effectual indoor navigation solutions. For example, Uswitch Limited, a UK-based company specialising in price comparison and service swapping, stated in February 2023 that there were 71.8 million mobile connections in the UK, a 3.8% increase, or around 2.6 million, from 2021. It is anticipated that the UK population will increase to 68.3 million by 2025, out of which 95%, equalling about 65 million people, will possess a smartphone. Thus, the escalating use of smartphones is stimulating the growth of the indoor positioning and indoor navigation (IPIN) market.
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What is the projected compound annual growth rate (CAGR) of the indoor positioning and indoor navigation (ipin) market from 2025 to 2034, and what factors influence it?
The market size for indoor positioning and indoor navigation (IPIN) has seen dramatic expansion in the past years. The market value, which is predicted to be $18.91 billion in 2024, is set to rise to $26.77 billion in 2025, registering a Compound Annual Growth Rate (CAGR) of 41.6%. This robust growth during the historic period can be credited to factors such as rising demand for proximity marketing, soaring use of smartphones, enhancement in Internet connectivity, proliferating adoption of IoT, and growing utilization of GPS navigation systems.
In the coming years, the market for indoor positioning and indoor navigation (IPIN) is anticipated to experience a significant surge. By 2029, experts forecast a growth to $109.2 billion, reflecting a compound annual growth rate (CAGR) of 42.1%. Factors contributing to this projected increase during the forecast period include the rising adoption of IoT for indoor positioning, an increase in the use of Bluetooth beacons, the restriction of GPS use to outdoor areas, growing utilization of iBeacon for business purposes, and an increase in demand for real-time location systems (RTLS). The forecast period also predicts trending integration of augmented reality (AR), ultra-wideband (UWB) technology, multi-sensor fusion, indoor mapping and digital twins with internet of things (IoT) devices.
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How are the latest trends influencing the growth of the indoor positioning and indoor navigation (ipin) market?
Significant players in the indoor positioning and indoor navigation (IPIN) market are concentrating on the development of advanced technologies, such as indoor mapping, to augment location-based offerings. These solutions involve the creation of detailed digital imprints of interior spaces to allow for precise and efficient navigation within buildings. In January 2022, HERE Technologies, a company based in the Netherlands that offers location data and technical platforms, introduced its Indoor Map as a Service. This all-inclusive solution for indoor mapping provides indoor map data, routing, and positioning, all incorporated into the HERE SDK and flawlessly linked with their foundational map. The service's aim is to assist with navigation, indoor asset tracking, and maximizing space utilization. This offering has expanded HERE's product range and presented an all-inclusive answer for indoor mapping necessities. Indoor Map as a Service caters to an increasing market requiring technologies for navigation, indoor asset tracking, and space utilization optimization.
What are the major segments of the indoor positioning and indoor navigation (ipin) market and their role in driving growth?
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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Which regions are key players in the growth of the indoor positioning and indoor navigation (ipin) market?
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.
Who are the key firms paving the way for growth in the indoor positioning and indoor navigation (ipin) market?
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.
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What Is Covered In The Indoor Positioning And Indoor Navigation (IPIN) Global Market Report?
•Market Size Forecast: Examine the indoor positioning and indoor navigation (ipin) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the indoor positioning and indoor navigation (ipin) market for a structured understanding.
•Key Players Overview: Analyze major players in the indoor positioning and indoor navigation (ipin) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the indoor positioning and indoor navigation (ipin) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the indoor positioning and indoor navigation (ipin) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the indoor positioning and indoor navigation (ipin) market.
•Industry Challenges: Identify potential risks and obstacles affecting the indoor positioning and indoor navigation (ipin) market.
•Competitive Landscape: Review strategic developments in the indoor positioning and indoor navigation (ipin) market, including expansions, agreements, and new product launches.
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