DUBLIN--(BUSINESS WIRE)--The "Indoor Positioning and Navigation Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global Indoor Positioning and Navigation market was valued at $6.92 billion in 2020 and is projected to grow to $23.6 billion in 2025 at a CAGR of 27.9%.
Developed countries in North America and Europe remain the largest market for Indoor Positioning and Navigation Systems sales which accounts for a major share in the global market. The USA is a major market in for Indoor Positioning and Navigation in Americas accounting around 40% share in the global market. The market in the USA was valued at $2.78 billion in 2020 and is anticipated to grow to $9.58 billion in 2025 at a CAGR of 28.1%. In the Asia Pacific, China and Japan are the major contributors in this market. The market in the Asia Pacific is rapidly growing owing to the increased penetration and growing applications of indoor positioning and navigation in aviation, healthcare, logistics etc., at a CAGR of 31.8% and it is expected to reach $7.52 billion by 2025.
The European market is expected to reach $8.75 billion in 2025 growing at a CAGR of 25.6%. The growing applications of indoor positioning and navigation systems and consumer demands are driving the market in Europe. UK holds the largest share in the European market for indoor positioning and navigation which accounts around 25% share in its market and Germany comes next to the UK with a share around 21% in the European Indoor Positioning and Navigation Market.
Indoor Positioning and Navigation Market Trends:
- Google is developing an indoor location positioning technology based on its Tango Augmented Reality (AR) system. This new technology is called Visual Positioning Service (VPS). It will allow a mobile device to swiftly and accurately understand its position indoors. Using visual clues from distinct features in the room, a Tango-enabled phone would be able to recognize where it is in space by comparing new points captured by its camera with previously observed ones.
- January 24, 2020: Here Technologies, a mapping company valued at around $3 billion has acquired Micello, a company based in California that operates a platform for creating, editing and publishing indoor maps. This acquisition will support HERE's strategy to provide world-class mapping and advanced location services both indoors and outdoors. In combination with HERE's unique tracking technologies, indoor maps will enable new and innovative market solutions such as the tracking of parts on a factory floor, the optimization of workspace usage, indoor wayfinding at complex transit interchanges, and last mile guidance in vehicles.
- Fantasmo, a notable technology start-up, has camera positioning standard (CPS) which captures spatial data through your device's camera. With this data stored in a server, AR apps can readily and accurately determine position and location relative to recognized landmarks in the immediate vicinity. Fantasmo's approach also mirrors another startup, 6D.ai, whose platform can capture a dense 3D mesh with smartphone cameras while running in the background.
- Sydney airport introduces Apple Maps. Getting around Sydney Airport just got easier due to the gateway's adoption of Apple Maps (web mapping service), which shows users how to navigate their way through T1 International, T2/T3 Domestic terminals and its car parks. Customers can now easily find facilities and services inside the terminal, including restrooms, parent's rooms, elevators and shops, and see current location with indoor positioning.
- Infsoft 360 Antennas' Angle of Arrival technology has spurred a new way about how to calculate location. These receiver antennas detect the radio signals emitted by any mobile 2.4 GHz transmitter (e.g. beacon) that is in range. Based on the angle and distance determined, it is possible to calculate the position of an object equipped with such transmitter with an accuracy of 1 to 3 meters. This makes server-based BLE solutions a favorable alternative to cost intensive Ultra-wideband (UWB) applications as long as no centimeter accuracy is required. In comparison to using UWB, a beacon based tracking system utilizing AoA technology can be set up at much lesser costs and also has an advantage of a longer battery lifetime. Practical applications of this technology can include tracking systems in logistics, for example, which can make a decisive contribution to maximizing warehouse operations.
Key Topics Covered:
1. Indoor Positioning and Navigation Market - Overview
2. Indoor Positioning and Navigation Market - Executive summary
3. Indoor Positioning and Navigation Market
4. Indoor Positioning and Navigation Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
5. Indoor Positioning and Navigation Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product lifecycle
5.4. Suppliers and distributors Market Share
6. Indoor Positioning and Navigation Market - By Technology (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. By Product Segment Analysis
7. Indoor Positioning and Navigation Market - By Verticals (Market Size -$Million / $Billion)
7.1. Market Size and Market Share Analysis
7.2. Application Revenue and Trend Research
7.3. By Product Segment Analysis
8. Indoor Positioning and Navigation Market - By Platform (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis
8.2. Application Revenue and Trend Research
8.3. By Product Segment Analysis
9. Indoor Positioning and Navigation- Applications (Market Size -$Million / $Billion)
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis
10. Indoor Positioning and Navigation- By Geography (Market Size -$Million / $Billion)
10.1. Indoor Positioning and Navigation Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.3. Indoor Positioning and Navigation- South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.5. Indoor Positioning and Navigation- Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.7. Indoor Positioning and Navigation- APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.9. Indoor Positioning and Navigation- Middle East Segment and Africa Segment Research
10.10. Middle East & Africa Market Research (Market Size -$Million / $Billion)
11. Indoor Positioning and Navigation Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Indoor Positioning and Navigation Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Google
12.3. Qualcomm
12.4. Microsoft
12.5. Samsung
12.6. Cisco
12.7. Apple
12.8. Here Holdings
12.9. Hewlett Packard
12.10. INSITEO
12.11. AeroScout
13. Indoor Positioning and Navigation Market - Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9885nx
