Press release
Indoor Positioning and Navigation System Market Industry to 2022: Market Capacity, Generation, Investment Trends, Regulations and Opportunities
Market Research Future
Market Scenario:
An Indoor Positioning and Indoor Navigation System Market (IPIN) is a network of electronic devices that helps in locating people and objects in the closed surrounding such as building wirelessly whereas navigation is used in locating place in large office buildings, hospitals, university building, malls and others. The Indoor positioning and navigation solutions improves the accuracy of Wi-Fi based navigation and positioning. Device such as GPS were used intensively, these are robust for outdoor environment. However, GPS signal are low rather unavailable in the indoor environments.
In recent years advanced indoor positioning and Indoor navigation system (IPIN) device and solution ensure better connectivity. There has been a substantial demand for indoor positioning and navigation devices and solution as it enhance the customer privacy and is expected to bring more advancement in existing maps and navigation solutions and software. The increasing demand use of IPIN devices and solutions in various applications such as commercial buildings, healthcare, hospitality, oil & gas, mining and other related applications is driving the growth of indoor positioning and indoor navigation market.
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Hence the Indoor positioning and Navigation System Market for is expected to grow at ~30% CAGR (2016-2022).
However, availability and usability of indoor maps, lack of data security, are the factors which are hindering the growth of Indoor positioning and Navigation System market.
Key players:
Apple Inc. (U.S),
Google Inc. (U.S),
Nokia Corporation (Finland),
Microsoft Corp (U.S),
Cisco System Inc. (U.S),
QualcommTechnologies Inc. (U.S.),
Sapient Corporation (U.S.),
Ericsson (Sweden),
Zebra Technologies (U.S.),
SenionLab AB (Sweden),
STMicroelectronics N.V. (Switzerland).
Segments:
For the purpose of this study, Market Research Future has segmented the Indoor positioning and navigation systems Market into positioning Type, Technology, Verticals, and Applications. The Type includes indoor location based analytics and indoor navigations & maps, Technology includes RFID, cellular, WLAN (IEEE 802.11), and Bluetooth (IEEE 802.15),Verticals includes consumer electronics (Smartphone, Tablet/PC) , IT, transport & logistics, entertainment and healthcare whereas Application includes navigation, positioning, location based promotions ,and geo-fencing among others.
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Regional Analysis of Indoor Positioning and Navigation Systems Market:
North America holds highest position in the year 2015 due to technological enhancement from replacing GPS technology to IPIN and various government initiatives helps this market to grow in the forecasted period which is followed by Europe.
Asia-pacific is expected to grow at fastest rate in the forecast perioddue to growing investment by major players in the Indoor positioning and navigation market in this region.
Intended Audience
Tourism industry
Telecommunications
Shopping Centers
Airports and Railway Stations
Marketers and consumers
Proximity device manufacturers
Public safety agencies
Smartphone companies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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