Global Indoor Positioning and Indoor Navigation (IPIN) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indoor Positioning and Indoor Navigation (IPIN) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indoor Positioning and Indoor Navigation (IPIN) provides a central platform to detect or track the geographic location of assets and people by deploying wireless technologies such as Bluetooth Low Energy, Wi-Fi, Ultra Wideband, etc. Indoor Positioning can pinpoint the location of a user's Location. Indoor Navigation provides users with a spatial context of the venue and directions that are accurate and easy to follow.

Market Overview:

The latest research study on the global Indoor Positioning and Indoor Navigation (IPIN) market finds that the global Indoor Positioning and Indoor Navigation (IPIN) market reached a value of USD 4238.7 million in 2022. It’s expected that the market will achieve USD 15263.11 million by 2028, exhibiting a CAGR of 23.8% during the forecast period.

The pandemic has had a complex impact on the Indoor Positioning and Indoor Navigation (IPIN) industry. First of all, in the early stage of the epidemic, due to labor interruption and raw material interruption, the production of hardware equipment upstream of Indoor Positioning and Indoor Navigation (IPIN) may be affected. At the same time, due to the government's restrictions on people's travel activities and traffic control, the normal operations of retail, logistics, manufacturing plants and other fields have been affected. The demand for Indoor Positioning and Indoor Navigation (IPIN) in these fields is high reduced. However, due to the outbreak of the epidemic, it has also brought development opportunities to the development of the industry. In the mid to late stages of the pandemic, various businesses and offices around the world have started operations after shutting down due to COVID-19-induced lockdowns. With early evidence that COVID-19 spreads more aggressively indoors than outdoors, some companies have begun efforts to monitor worker movements and trace contacts to prevent offices and factories from becoming new centers of infection. For example, a single case of COVID-19 could shut down an entire facility. To avoid this, companies across industries are taking various precautions, including the use of contact tracing solutions. For example, in May 2020, Ubisense launched a new enterprise contact tracing solution to protect employees and minimize business downtime. With the growing demand for contact tracing solutions in various industries, the market demand for Indoor Positioning and Indoor Navigation (IPIN) products and services is increasing.

Application of Indoor Positioning and Indoor Navigation (IPIN) in multiple fields

With the development of social economy and technology, the demand for positioning and navigation in large supermarkets, general hospitals, airports, parking lots and other places has gradually increased. Large supermarkets can use Indoor Positioning and Indoor Navigation (IPIN) to provide real-time guidance services for consumers who come to shop, and provide corresponding marketing services based on location. The hospital hopes to perform real-time positioning of medical equipment, so that it can be quickly called when needed, and hopes to perform positioning monitoring for special patients to prevent accidents. High-risk manufacturing plants need to locate and manage personnel to prevent safety accidents. It can be said that Indoor Positioning and Indoor Navigation (IPIN) has shown broad market prospects in retail, catering, logistics, manufacturing, chemical, power, medical and other industries. With the maturity of Indoor Positioning and Indoor Navigation (IPIN) technology, the implementation of positioning and navigation projects has been greatly accelerated. The growing application of Indoor Positioning and Indoor Navigation (IPIN) will be one of the important factors driving the development of the industry.

High cost and complexity of indoor positioning

Different from the outdoor environment, the indoor environment has a complex and changeable layout, many sources of interference, and strong dynamics. For example, interior refurbishment can have an impact on the accuracy of indoor positioning. Due to the lack of accuracy, the low-cost indoor positioning technology needs to combine a variety of low-cost sensors, such as accelerators, magnetic sensors, temperature and humidity sensors, and light sensors. However, the preparatory time for creating a multi-sensor map is long, and the accuracy is easily affected by factors such as temperature and illumination, and the actual positioning accuracy is difficult to reach the theoretical value. The complex indoor environment poses challenges to the self-adaptation of indoor positioning and the ability to automatically update data information. Improving the accuracy of Indoor Positioning and Indoor Navigation (IPIN) means increasing costs. The realization of high-precision Indoor Positioning and Indoor Navigation (IPIN) requires matching expensive positioning terminal equipment and massive data collection in the early stage. The high cost of developing high-precision indoor positioning and navigation limits the technology of Indoor Positioning and Indoor Navigation (IPIN) promotion.

Region Overview:

In 2022, the share of the Indoor Positioning and Indoor Navigation (IPIN) market in United States stood at 32.03%.

Company Overview:

Google is one of the major players operating in the Indoor Positioning and Indoor Navigation (IPIN) market, holding a share of 14.35% in 2023.

Google

Google is a multinational technology company headquartered in Mountain View, California. It is a subsidiary of Alphabet. Its business scope covers Internet advertising, Internet search, cloud computing and other fields. It develops and provides a large number of Internet-based products and services. Its main profits come from Ads and other advertising services.

Esri

Esri, the company was founded in 1969. Currently one of the world's largest providers of geographic information system technology. Headquartered in Redlands, California, USA, its geographic information system software is currently one of the top products in the global market.

Segmentation Overview:

By type, Indoor Navigations & Maps segment accounted for the largest share of market in 2022.

Indoor Location Based Analytics

Indoor positioning systems can locate the coordinates of assets or users within a building in real time. For example, in retail, proximity marketing can be facilitated.

Indoor Navigations & Maps

Indoor navigation systems provide users with a spatial context of the site and directions that are accurate and easy to follow. Indoor navigation makes finding places easier with accurate and real-time directions. Users can select any point of interest, search for their desired location, or select a location from a list of categories on their 3D digital map and receive turn-by-turn directions to their desired destination. In retail, for example, shoppers can choose the store they want to go to, and the navigation system will provide shoppers with accurate directions from their indoor location and other important information about the store. Indoor navigation systems cannot be used without indoor maps. Indoor maps help create an enhanced visual wayfinding experience.

Asset and People Tracking

Refers to the use of Indoor Positioning and Indoor Navigation technology to track assets and people. Through indoor positioning technology, asset tracking in buildings can be achieved, and the movement of people and assets can be accurately located in real time.

Application Overview:

The market's largest segment by application is the segment Retail, with a market share of 31.87% in 2022.

Key Companies in the global Indoor Positioning and Indoor Navigation (IPIN) market covered in Chapter 3:

GiPStech
Ruckus
Ericsson
HID Global Corporation
InnerSpace Technologies
Cisco
Nokia
Esri
Google
Microsoft
Apple
Bluepath
Navenio
Qualcomm
HERE
Link-Labs
Inpixon
Pointr
Motorola
Polaris Wireless
Juniper

In Chapter 4 and Chapter 14.2, on the basis of types, the Indoor Positioning and Indoor Navigation (IPIN) market from 2018 to 2029 is primarily split into:

Indoor Location Based Analytics
Indoor Navigations & Maps
Asset and People Tracking
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indoor Positioning and Indoor Navigation (IPIN) market from 2018 to 2029 covers:

Retail
Smart Offices
Healthcare
Manufacturing and Logistics
Others

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)