Global Indoor LBS Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indoor LBS Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indoor LBS (Location-based Services) is used to track the location of an object or people within a building, specializing in next-generation mobile solutions and new customer experiences, including indoor location-based services, mapping & way finding, in-store product search, BLE beacons proximity services, and mobile payments.

Indoor LBS is confined to a very limited geography; hence, it uses only wireless networks such as Wi-Fi and wireless local area networks (WLAN), which cover a small area. In addition, indoor LBS requires high accuracy to determine the position of the object or device. As a result, indoor LBS uses positioning technologies based on Wi-Fi, WLAN, ultra-wide band (UWB), Bluetooth, assisted global positioning system (A-GPS), microelectronic mechanical system (MEMS), and other hybrid technologies to determine the location of the searched object.

Market Overview:

The latest research study on the global Indoor LBS market finds that the global Indoor LBS market reached a value of USD 12259.83 million in 2022. It’s expected that the market will achieve USD 44619.96 million by 2028, exhibiting a CAGR of 24.02% during the forecast period.

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities.

However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.

Region Overview:

North America is projected to account for a considerable share of the Indoor LBS market and is expected to become the largest region by 2027.

Company Overview:

Apple is one of the major players operating in the Indoor LBS market, holding a share of 4.36% in 2022.

Apple

Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. Apple sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, and resellers.

Cisco Systems

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

Segmentation Overview:

By type, Network-Based Positioning System segment accounted for the largest share of the market in 2021.

Network-Based Positioning System

Network-based positioning systems include WI-FI/Wlan, Ultra-Wide Band (UWB), Bluetooth (BT/BLE), and Radio Frequency Identification (RFID).

Independent Positioning System

Independent positioning systems include Assisted GPS (AGPS) and Microelectronic Mechanical System (MEMS).

Hybrid Positioning System

Hybrid positioning systems are systems for finding the location of a mobile device using several different positioning technologies. Hybrid positioning systems are increasingly being explored for certain civilian and commercial location-based services and location-based media, which need to work well in urban areas in order to be commercially and practically viable.

Application Overview:

The market's largest segment by application is the segment Government, Public Safety and Urban Security, with a market share of 21.84% in 2021.

Key Companies in the global Indoor LBS market covered in Chapter 3:

Ekahau
TRX Systems
Locata Corporation
Wifarer
Skyhook (TruePosition)
IndoorAtals
Zonith
Aruba meridian
Ericsson
Rtmap
Broadcom
Acuity Brands (ByteLight)
Huace Optical-communications
Shopkick
SenionLab
HERE Maps
Apple
Ubisense
Microsoft
Sensewhere
Point Inside
Cisco Systems
Navizon/Accuware
Insiteo
Aisle411
Qualcomm
Google/Alphabet
URadio Systems

In Chapter 4 and Chapter 14.2, on the basis of types, the Indoor LBS market from 2018 to 2029 is primarily split into:

Network-Based Positioning System
Independent Positioning System
Hybrid Positioning System

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indoor LBS market from 2018 to 2029 covers:

Offices and Commercial Buildings
Government, Public Safety and Urban Security
Healthcare
Travel and Hospitality
Aviation

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)