Navigation systems have traditionally been limited to outdoor environments. However, there's a growing demand for indoor navigation, a market that's explored in the following reports.
Indoor positioning systems (IPS) are used to pinpoint a person or object's location when indoors. While there are many different types of IPS, most achieve this task through the use of radio waves, magnetic fields or acoustic signals. Some of them locate devices or tags, while others create an ambient location or environmental context.
According to the Global Indoor Positioning And Indoor Navigation (IPIN) Market 2017-2021 report by ReportsnReports, the global indoor positioning and navigation market will grow at a compound annual growth rate (CAGR) of approximately of 58.90% through the forecast period.
However, the report goes much further than just iBeacon. It analyzes all of leading indoor positioning and navigation technologies, revealing key information such as industry definitions, classifications, chain structure, cost, revenue, growth and more. The report cites the increasing use of RFID tags as being a primary driver of the market. With manufacturers now producing and selling RFID tags for less, consumers can take advantage of indoor positioning and navigation technologies at a lower cost.
The global Indoor Positioning And Indoor Navigation market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Some of the key indoor positioning and navigation vendors profiled in this report include Google, Apple, Here, Micello, Beaconinside, bluepath, GiPStech, MazeMap, Nextome, Pinmicro, Pointr, shopkick, and Spreo.
The Global Indoor Positioning and Navigation System Market Research - Forecast 2022 report by Market Research Future is a second comprehensive analysis of the global indoor positioning and navigation market. The report cites increasing consumer awareness, as well as a transition from GPS to IPIN technology as being fundamental drivers of the indoor positioning and navigation market.
So, just how fast does this report product the market will grow? Researchers in the report conclude that the global indoor positioning and navigation market will grow at a CAGR of 30% from 2016 to 2022. The market was previously valued at roughly $25 billion in 2015.
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