GPS is often unreliable in indoor locations, owing to the walls of the building that don't let satellites provide accurate location information. This very problem creates the need for indoor location-based services. Indoor location systems help attain the precise location of a device or a person in an indoor setting. The advent of this technology has benefited many organizations by offering higher location accuracy across different areas, irrespective of the dimension of the facility.
The Global Indoor Location Market is anticipated to grow at a CAGR of around 38% during the forecast period, i.e., 2021-26. The demand for indoor locations is gradually increasing due to the rising popularity of smart devices & technologies. The increasing trend of digitalization, the surge in the usage of smartphones, and the inadequacy of GPS technology in indoor locations are the prime factors driving the global market through 2026.
Indoor location systems can be used across various applications. For instance, it helps people in supermarkets navigate through their desired products. Besides, their application in manufacturing units can help efficiently manage floor levels. Moreover, various initiatives by the government toward using the indoor positioning technology for public security & safety shall also boost the market in the coming years.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
Impact of Covid-19 on the Global Indoor Location Market