About Indoor Positioning and Navigation System
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.
Attributes | Details |
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Study Period | 2018-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Indoor Positioning and Navigation System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), Zebra Technologies Corporation (United States), Trimble Inc. (United States), IndoorAtlas (Finland), Septentrio N.V. (Belgium), NovAtel Inc. (Canada), Telit Communications PLC (United Kingdom), Senion AB (Sweden), Cherrypicks (China), Tersus GNSS Inc. (China), Galileo Satellite Navigation Ltd. (Israel), Cisco Systems Inc. (United States), Google (Alphabet Inc.) (United States), HERE Technologies (Netherlands) and Insoft GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Indoor Positioning and Navigation System market by , Application (Sales and Marketing Optimization, Customer Experience Management, Remote Monitoring, Inventory Management, Predictive Asset Analytics, Risk Management and Emergency Response Management) 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). If we see Market by Platform, the sub-segment i.e. Android-based will boost the Indoor Positioning and Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. UWB will boost the Indoor Positioning and Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Retail will boost the Indoor Positioning and Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware (Sensors, Cameras, RFID tags, Networking Devices) will boost the Indoor Positioning and Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Cloud-based will boost the Indoor Positioning and Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Hybrid Services suite Combining GPS and Wi-Fi
Market Growth Drivers:
Increased Adoption because of the Cost-Effectiveness of LBS, Confinement of GPS Utility to Outdoor Environments and Increase in Launch of IPIN Applications
Challenges:
Lack of Skills and Awareness about System
Restraints:
Data Privacy and Security Concerns and Stringent Government Rules and Regulations
Opportunities:
Increasing Investments in the Development of Several Technologies and Applications of Indoor Positioning and Navigation Solutions and Government Preference for IPIN to ensure Public Safety and Urban Security
Market Leaders and their expansionary 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.