Press Release Description

Indoor Location Market to Grow from USD 11.19 Billion in 2024 to USD 39.11 Billion by 2030

The Global Indoor Location Market size was valued at USD 11.19 billion in 2024 & is projected to reach USD 39.11 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 23.19% during the forecast period, i.e., 2024-30. The deployment of indoor location services is not restricted to any specific industry, hence they are used extensively across various verticals, such as Retail, Logistics, Manufacturing, Healthcare, Travel & Hospitality, etc.

The mounting usage of Bluetooth beacons in PoS devices, LEDs, cameras, etc., and the increasing government concerns toward enhancing public safety are the prime aspects driving the global market during 2024-30. Further, the surging use of smartphones & connected devices is also accelerating the usage of indoor location systems. The shortage of GPS technology in indoor locations is another crucial factor encouraging the demand for indoor location systems.

Additionally, the rising trend of digitalization and mobile commerce is also propelling the overall market growth, further states the research report, “Global Indoor Location Market Analysis, 2024.”

Global Indoor Location Market

Global Indoor Location Market Segmentation Analysis

Transportation & Logistics and Travel & Hospitality Together Captures Largest Market Share

Based on vertical, the market is bifurcated into Retail, Transportation & Logistics, Entertainment, Manufacturing, Healthcare, and Travel & Hospitality. Of them, both the Transportation & Logistics and Travel & Hospitality sectors are the major users of indoor location services. These services offer mobile assistance to travelers at airports or train stations and guide them to their desired locations. They help in managing passenger inflow and crowds in such crowded public places.

Moreover, it also contributes to public safety by aiding in the route optimization of security guards. Furthermore, indoor location systems are also used widely in the logistics industry to track goods & employees in real-time. It, in turn, enhances overall productivity, provides dynamic decision support, and speeds up logistic processes.

High Adoption of Indoor Positioning in the US & Canada to Drive the North American Market

Geographically, North America is expected to capture the largest share of the Global Indoor Location Market. The surging adoption of location-based applications in retail sectors across North America drives the regional market. The increasing prevalence of advanced technologies like Wi-Fi, BLE (Bluetooth Low Energy), and Ultra-Wide Band (UWB) in indoor positioning is also encouraging overall market growth across the region.

Across North America, the United States is the largest market, followed by Canada, since most organizations present in these countries have started adopting indoor location systems for asset tracking & visitor management. Currently, these countries are investing massively in ultrasound technology for improved facilities of resource utilization to enable patient-centric care. Hence, the rising usage of indoor navigation services is driving the North America Indoor Location Market through 2030.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Zebra Technologies, Inpixon, HPE, MIST Systems, HID Global, Google, Microsoft, Apple, Cisco, Acuity Brands, Centrak, Sonitor, Ubisense, Infsoft, HERE, Indooratlas, Stanley Healthcare, Midmark, Quuppa, Airista Flow, Innerspace, ESRI, SYOOK, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Global Indoor Location Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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