The worldwide Indoor Position and Navigation Market is estimated to grow from USD 9.09 Billion in 2016 to USD 74.46 Billion by 2025 at a CAGR of 26.8 %. Simple navigation, enhanced user experience, and expanded selection of associated gadgets are boosting the development of indoor navigation over the globe.
Research N Reports has added the report, titled "Indoor Positioning and Navigation Market By Type ( Navigation, Positioning [ Independent, Network, Hybrid], Location, Geo-fencing, Others); by Application (Risk Management, Emergency Response Management ,Customer Experience Management, Sales and Marketing Optimization, Remote Monitoring, Predictive Asset Analytics, Inventory Management and Others) by Regions (North America, Asia Pacific, Europe, the Middle East & Africa and Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2016-2021" to its vast depository.
On the basis of type, the Indoor Positioning and Navigation Market is divided into Navigation, Positioning, Geo-Fencing and others.
The Positioning segment is further divided into independent, network and hybrid. Location, Representing over XX% of the aggregate share of the market, will be the dominant segment of the market amid the forecast period.
Among applications, the sensor and tag based segment is projected to be dominant throughout the forecast period.
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Some of the most prominent Key Vendors:
AISLE411, Broadcom, Cisco Systems, Inc., Ericsson AB, Insiteo among others.
Indoor positioning and navigation is a GPS for indoor environments. This is done by using radio waves, magnetic fields, acoustic signals, or other sensory information.
IPS can be utilized to find individuals or objects inside structures, commonly by means of a cell phone, for example, an advanced mobile phone or a tablet. In spite of the fact that the innovation is more recent than GPS, it is taking footing in places like shopping centers, doctor's facilities, air terminals and other indoor scenes where route and other location based services (LBS) can end up being vital.
Applications may require an ‘indoor routing’ feature to guide people with better accuracy through a building. This tracks their position in a way similar to the navigation system installed in cars.
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Construction materials cause signal loss in the satellite based GPS affecting the threshold coverage significantly. GPS does not work indoors as roofs, walls and other obstacles prevent waves and signals from penetrating into them.
This drawback of GPS is creating a market for Indoor Positioning and Navigation Systems. The expanding use of IPIN gadgets and arrangements in different applications, for example, business structures, healthcare services, accommodation, oil and gas, mining and other related applications is driving the development of indoor positioning and navigation market.
However advantageous this technology may be, it is inaccurate as compared to the already established technologies like RFID(Radio-frequency identification) and BLE. Wi-fi positioning can’t be used by iOS clients.
This can reduce the market demand significantly. Besides, the future of this technology is built on an assumption that everyone will own smartphones, which may not be the case.
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Table Of Content:
Chapter 1 Indoor Positioning and Navigation Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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