[PDF] Indoor Positioning and Indoor Navigation (IPIN) Market becomes adamant to drive monetary growth through wider adoption across various sectors

United States/WA: Indoor Positioning and Indoor Navigation (IPIN) Market

Report Pages:[130 Pages]

Indoor positioning and indoor navigation systems refer to the application of technology to help in the navigation of indoor locations, particularly those that have no GPS available. Such applications range from simple devices installed in and around a home or office to highly sophisticated algorithms that monitor traffic flow and can also provide other services, such as real-time traffic information. Indoor positioning systems are commonly used as an alternative to GPS and other navigation technologies. This type of technology has the potential to significantly reduce future costs associated with navigation systems while simultaneously increasing the quality of traffic monitoring. Indoor positioning devices can also be used for training purposes, such as determining the best way to point a camera or laser at a target area.

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Competitive Landscape

Key companies contributing in the global indoor positioning and indoor navigation (IPIN) market are Siemens, Samsung Electronics Co. Ltd., Motorola Solution Inc., Qualcomm-Atheros, Nowon Technologies Pvt. Ltd., IndoorAtlas, HERE Technologies, Ericsson, Nextome, indoo.rs, Sensewhere, Senion AB, Apple Incorporation, Insiteo, AirFinder, SPREO, Pointr, Steerpath, Microsoft, Broadcom, Cisco Systems Inc., Spirent Communications PLC, Google Inc., STMicroelectronics, Nokia Corporation, and Aisle.

Drivers

Growing adoption of navigation systems in public places such as malls, airports, commercial buildings, logistics, and others for better transparency of workflow through various devices located in specific areas is expected to propel growth of the indoor positioning and indoor navigation (IPIN) market throughout the forecast period.

Moreover, increasing use of IPIN in the location-based applications such as device tracking, user tracking, location finding, and others is expected to aid growth of the indoor positioning and indoor navigation (IPIN) market over the forecast period.

The Epitome of the COVID-19 Aftermath

The indoor positioning and indoor navigation (IPIN) market remains highly exposed to the vagaries of the COVID-19 crisis as the anti-socializing measures have significantly reduced the crowds in the open and gathering spaces. Meanwhile, several market participants have capitalized on the situation by introducing smart quarantine solutions to track the movement of COVID-19 patients. In terms of financials, the market has witnesses a robust growth in Q1 FY21, citing a positive recovery in the business.

Key Trends

• The indoor positioning and indoor navigation (IPIN) market is anticipated to grow at a CAGR of XX % during the forecast period owing to wider acceptance of location-based tracking and monitoring solutions. For instance, in August 2021, the U.S. National Security Agency (NSA) awarded a US$ 10 billion cloud computing project involving an indoor navigation system to Amazon Web Services (AWS).
• Over the regional frontiers, the indoor positioning and indoor navigation (IPIN) market in the North American region is posing positive prospects in the view of rising adoption of IoT (Internet of Things) in indoor positioning assets.
• In parallel, the European region is also proving to be another fertile ground for the indoor positioning and indoor navigation (IPIN) market on the heels of growing expenditure on advanced technologies such as indoor positioning solutions.

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Global Indoor Positioning and Indoor Navigation (IPIN) Market, by Technology (Wi-Fi, Magnetic Positioning, Bluetooth Low Energy (BLE) Beacons, and Ultra-wideband Technology), Component (Services, Software, and Hardware), Application (Emergency Services, Navigation & Positioning, Asset Tracking, Geo-fencing, and Location-based Promotion), and by Industry Vertical (Logistics, Healthcare, Education, Automotive, Transportation, Tourism, Retail, and Aviation), and by Geography (North America, Asia Pacific, Europe, Latin America, Middle East, and Africa), is projected to attain a market valuation of US$ XX million in 2021 and is anticipated to grow at a CAGR of XX% during the forecast period (2021-2028), as mentioned in a new report published by Coherent Market Insights.

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