What is Indoor Positioning and Navigation System Market?
Indoor positioning and navigation systems use lights, magnetic fields, acoustic signals, radio waves, and other sensory information to navigate or locate people. The device employs a variety of optical, radio, and even acoustic technology to create fragmentation in order to identify someone using a smartphone or tablet. They're also useful for detecting magnetometric data inside buildings or places with steel frames, as well as in iron ore mines. The demand for indoor positioning and navigation systems is growing in hospitals, airports, train stations, hotels, university buildings, factories, and shopping malls, among other locations, and these systems are being used to obtain information about current wait times and points of interest (POIs) as well as the entire intermodal travel chain.
The market study is being classified, by Application (Sales and Marketing Optimization, Customer Experience Management, Remote Monitoring, Inventory Management, Predictive Asset Analytics, Risk Management and Emergency Response Management) and major geographies with country level break-up.
Septentrio N.V. (Belgium), Trimble Inc. (United States), NovAtel Inc. (Canada), Apple (United States), Insoft GmbH (Germany), Telit Communications PLC (United Kingdom), Senion AB (Sweden), Zebra Technologies Corporation (United States), Cherrypicks (China) and IndoorAtlas (Finland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Tersus GNSS Inc. (China) and Galileo Satellite Navigation Ltd. (Israel).
The market is seeing fragmented market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Indoor Positioning and Navigation System market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Indoor Positioning and Navigation System market by Type, Application and Region.
On the basis of geography, the market of Indoor Positioning and Navigation System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Adoption because of the Cost-Effectiveness of LBS, Confinement of GPS Utility to Outdoor Environments
- Increase in Launch of IPIN Applications
Market Trend
- Hybrid Services suite Combining GPS and Wi-Fi
Restraints
- Data Privacy and Security Concerns
- Stringent Government Rules and Regulations
Opportunities
- Increasing Investments in the Development of Several Technologies and Applications of Indoor Positioning and Navigation Solutions
- Government Preference for IPIN to ensure Public Safety and Urban Security
Challenges
- Lack of Skills and Awareness about System
Market Leaders and some development strategies
In May 2020, Cherrypicks and IndoorAtlas are delighted to announce a collaboration to raise the benchmark for indoor navigation, proximity messaging, and location intelligence on 29 May., and In Mar 2020, IndoorAtlas and Samsung SDS announced a collaboration to jointly provide indoor location-based services for the global exhibition market.
In Jun 2019, Apple updates the Indoor Survey business app with new designs, map notes, and more. Indoor Survey is Apple’s application that makes it easy for businesses to use Apple’s Indoor Position technology in venues.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Tourism Industry, Telecommunications, Shopping Centers, Airports and Railway Stations, Marketers and Consumers, Proximity Device Manufacturers, Public Safety Agencies, Smartphone Companies and Government Regulatory and Research Organizations