Indoor Positioning and Navigation System Market

The global Indoor Positioning and Navigation System market was valued at USD 6.54 Billion in 2020 and is projected to reach USD 35.65 Billion by 2028, growing at a CAGR of 39.45% from 2021 to 2028.

Like GPS, indoor positioning /navigation systems determine location of a device indoors. While IPS cannot rely on satellites, GPS can. Satellite waves fail to pierce barriers like walls and roofs and cannot be used indoors. The study also provides key statistics and numbers on the market rank of the prominent Indoor Positioning and Navigation System market key players and offers key opportunities and trends in the market.

The global Indoor Positioning and Navigation System market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The rise in the demand for solutions in a shopping malls, university buildings, hospitals, hotels, train stations, warehouses and airports among others are driving the market. 

Usage of these solutions by train authorities to inform about ongoing track changes and delays to visitors is also driving the market. 

Rise in concerns regarding security and data and implementation of strict government regulations are factors anticipated to obstruct the demand.

Based on region, the global Indoor Positioning and Navigation System market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Indoor Positioning and Navigation System market are HERE Technologies, Nextome, IndoorAtlas, Senion AB, Sensewhere, SPREO, Steerpath, indoo.rs, Pointr, AirFinder, Zebra, Etonesystem, Hi-Target, TSINGOAL, Baidu Inc., Qihoo 360, Siemens, AutoNavi.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

• Global Indoor Positioning and Navigation System Market is projected to reach USD 35.65 Billion by 2028
• North America held the highest share of the Indoor Positioning and Navigation System market
• Location Based Analytics held the largest share of the product segment in the Indoor Positioning and Navigation System market
• Retail Segment held the major share of the application segment in the Indoor Positioning and Navigation System market