DUBLIN--(BUSINESS WIRE)--The "Indoor Positioning and Indoor Navigation (IPIN) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Indoor Positioning and Indoor Navigation (IPIN) Market to Reach US$56.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Indoor Positioning and Indoor Navigation (IPIN) estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$56.6 Billion by 2027, growing at a CAGR of 53.3% over the analysis period 2020-2027.
Retail, one of the segments analyzed in the report, is projected to grow at a 54.6% CAGR to reach US$22.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aviation segment is readjusted to a revised 50.1% CAGR for the next 7-year period. This segment currently accounts for a 21.5% share of the global Indoor Positioning and Indoor Navigation (IPIN) market.
The U.S. Accounts for Over 30.5% of Global Market Size in 2020, While China is Forecast to Grow at a 50.6% CAGR for the Period of 2020-2027
The Indoor Positioning and Indoor Navigation (IPIN) market in the U.S. is estimated at US$867.4 Million in the year 2020. The country currently accounts for a 30.48% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.9 Billion in the year 2027 trailing a CAGR of 50.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 47.8% and 45% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 35.4% CAGR while Rest of European market (as defined in the study) will reach US$8.9 Billion by the year 2027.
Healthcare Segment Corners a 17.5% Share in 2020
In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 56.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$399.4 Million in the year 2020 will reach a projected size of US$9.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7 Billion by the year 2027.
The publisher brings years of research experience to this 5th edition of the report. The 113-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Apple, Inc.
- Beaconinside GmbH
- bluepath AG
- GiPStech Srl
- Google LLC
- HERE Global B.V.
- MazeMap AS
- Nextome Srl
- Pinmicro K.K
- Pointr Labs
- Shopkick, Inc.
- SPREO Indoor Mapping & Indoor GPS Solution
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/1a08rz