Global Indoor Location

Global Indoor Location Market Research Report: Forecast (2021-2026)

By Component (Hardware, Solutions [Indoor Tracking {Asset & People Tracking, Indoor Location Analytics}, Indoor Navigation], Services [Managed Services, Professional Services {Deployment & Integration Read more

  • ICT & Electronics
  • Dec 2021
  • 211
  • IT55025

Market Definition

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.

Market Insights

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.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 38%
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

  • Since the outbreak of the Covid-19 pandemic, there is a mounting demand for indoor location services.
  • The spread of the pandemic has altered the way people access an indoor environment.
  • Many organizations are leveraging indoor location systems for people monitoring & management, virus tracking, facility management, and smart quarantines.
  • Moreover, various governments & private sectors across different verticals have adopted these systems to track people & keep them indoors.

Global Indoor Location Market Research Report: Forecast (2021-2026)

Market Segmentation

By Vertical:

  • Retail
  • Transportation & Logistics
  • Entertainment
  • Manufacturing
  • Healthcare
  • Travel & Hospitality

Indoor location systems are widely used in Transportation & Logistics and Travel & Hospitality sectors. Through its analysis functionalities & real-time tracking solutions, these systems assist travelers in reaching at right locations without any hassle, thereby providing them with pleasant travel experiences. Besides, these systems are also beneficial in monitoring & managing passenger flow & busy crowds in public places, which, in turn, enhances safety. Other benefits of indoor location systems in the transport industry include route optimization for security guards, queue management, & efficient inventory management.

Moreover, in the logistic industry, indoor positioning enables real-time tracking of employees & goods, process optimization, greater safety of employees, reduced search time, and increased efficiency, thereby making the entire logistic process smoother & faster.

By Application:

  • Hardware
  • Solutions
    • Indoor Tracking
      • Asset & People Tracking
      • Indoor Location Analytics
    • Indoor Navigation
  • Services
    • Managed Services
    • Professional Services
      • Deployment & Integration
      • Consulting
      • Maintenance & Upgrade

Indoor location systems are used extensively for indoor navigation purposes like wayfinding within the building, owing to the unreliability of GPS.  It guides people precisely through the building and can even assist in determining the floor level. Further, in shopping malls, indoor navigation can help people navigate in the right directions, and across office buildings, it can assist in visitor management.

For instance: In a complex indoor space like an airport, it is challenging to locate different terminals, right check-in counters, gates, etc. Indoor navigation provides an interactive building plan that displays all the crucial points of interest, including ATMs, ticket counters, etc. Hence, using indoor positioning for navigation, passengers can easily reach desired locations via turn-by-turn navigation.

Key Trends in the Global Indoor Location Market

  • The integration of voice commands into indoor positioning systems is one of the major trends as users are preferring a hands-free engagement with their smartphones while navigating.
  • Location bookmarking is also gaining popularity among users to highlight the most frequently taken routes that can help in smoother navigation and access to points of interest.

Regional Landscape:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of them all, North America is projected to acquire the largest market share during 2021-26, mainly due to the increasing investments in indoor positioning and rapid adoption of technologies like Wi-Fi, ultra-wideband, & BLE. In addition, increasing demand for proximity-based solutions in the retail sector also contributes to the regional market growth. Further, the mounting use of mobile media to promote products is another crucial aspect fueling the adoption of indoor location systems across the region.

Market Dynamics:

Key Drivers

Rising Penetration of Smartphones & Connected Devices to Drive the Market

With burgeoning usage of smartphones and changing consumer buying behaviors, organizations are trying to provide location-based applications to engage their customers in indoor spaces. By offering navigation for products, indoor positioning helps retailers enhance the overall customer experience. Further, rapid advancements in smartphones is also prompting the use of indoor location systems, which may reduce the need for Satellite-based navigation applications in closed urban situations.

Growth Challenges

  • Lower availability of indoor maps and associated privacy concerns
  • lack of good coverage of indoor maps.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the global Indoor Location market are 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, and SYOOK.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Indoor Location Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Indoor Location Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Indoor Location Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Indoor Location Market study?   

Market Outlook, Segmentation, and Statistics 

  • Impact of COVID-19 on Global Indoor Location Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Component
      • Hardware
      • Solutions
        • Indoor Tracking
          • Asset & People Tracking
          • Indoor Location Analytics
        • Indoor Navigation
      • Services
        • Managed Services
        • Professional Services
          • Deployment & Integration
          • Consulting
          • Maintenance & Upgrade
    • By Deployment Mode
      • On-Premises
      • Cloud
    • By Connectivity
      • Bluetooth
      • WiFi
      • Ultra-Wideband Technology
      • Others
    • By Application
      • Emergency Management
      • Sales & Marketing Optimization
      • Remote Monitoring
      • Predictive Asset Maintenance
      • Supply Chain Management
      • Others
    • By Vertical
      • Retail
      • Transportation & Logistics
      • Entertainment
      • Manufacturing
      • Healthcare
      • Travel & Hospitality
      • Others
    • By Organization Size
      • Large
      • Mid-Size & Small
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • Global Indoor Location Market Hotspots & Opportunities
  • Global Indoor Location Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Indoor Location Market is forecast to grow at a CAGR of around 38% during 2021-26.

A. Transportation & Logistics and Travel & Hospitality sectors together hold the largest share of the Global Indoor Location Market and are projected to create lucrative growth opportunities maintain its significant market share.

A. Rising penetration of smart phones, growing digitalization, and increasing government initiatives to enhance public safety in indoor busy places are the key factors expected to drive the Global Indoor Location Market during 2021-26.

A. In the coming years, the Global Indoor Location Market will grow astronomically, owing to the increasing adoption of indoor location systems at several indoor locations to improve public safety by ensuring the adherence of social distancing measures.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Indoor Location Market
  5. Global Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
        1. Hardware
        2. Solutions
          1. Indoor Tracking
            1. Asset & People Tracking
            2. Indoor Location Analytics
          2. Indoor Navigation
        3. Services
          1. Managed Services
          2. Professional Services
            1. Deployment & Integration
            2. Consulting
            3. Maintenance & Upgrade
      2. By Deployment Mode
        1. On Premises
        2. Cloud
      3. By Connectivity
        1. Bluetooth
        2. WiFi
        3. Ultra Wideband Technology
        4. Others
      4. By Application
        1. Emergency Management
        2. Sales & Marketing Optimization
        3. Remote Monitoring
        4. Predictive Asset Maintenance
        5. Supply Chain Management
        6. Others
      5. By Vertical
        1. Retail
        2. Transportation & Logistics
        3. Entertainment
        4. Manufacturing
        5. Healthcare
        6. Travel & Hospitality
        7. Others
      6. By Organization Size
        1. Large
        2. Mid-Size & Small
      7. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      8. By Competitors
        1. Competition Characteristics
        2.  Market Share & Analysis
        3. Competitive Metrix
  6. North America Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Connectivity
      4. By Application
      5. By Vertical
      6. By Organization Size
      7. By Country
        1. The US Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. Canada Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. Mexico Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  7. South America Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Connectivity
      4. By Application
      5. By Vertical
      6. By Organization Size
      7. By Country
        1. Brazil Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  8. Europe Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Connectivity
      4. By Application
      5. By Vertical
      6. By Organization Size
      7. By Country
        1. Germany Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. France Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. The UK Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        4. Italy Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        5. Spain Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  9. Middle East & Africa Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Connectivity
      4. By Application
      5. By Vertical
      6. By Organization Size
      7. By Country
        1. South Africa Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. Israel Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  10. Asia Pacific Indoor Location Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Connectivity
      4. By Application
      5. By Vertical
      6. By Organization Size
      7. By Country
        1. China Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. India Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. South Korea Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        4. Japan Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        5. Australia Indoor Location Market Analysis, 2016-2026F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  11. Global Indoor Location Market Regulations, Policies, Product Benchmarks
  12. Global Indoor Location Market Trends & Insights
  13. Global Indoor Location Market Dynamics
    1. Drivers
    2. Challenges
  14. Global Indoor Location Market Hotspot & Opportunities
  15. Global Indoor Location Market, Competition Outlook
    1. Competition Matrix
      1. Application Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Applications
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Zebra Technologies
      2. Inpixon
      3. HPE
      4. MIST Systems
      5. HID Global
      6. Google
      7. Microsoft
      8. Apple
      9. Cisco
      10. Acuity Brands
      11. Centrak
      12. Sonitor
      13. Ubisense
      14. Infsoft
      15. HERE
      16. Indooratlas
      17. Stanley Healthcare
      18. Midmark
      19. Quuppa
      20. Airista Flow
      21. Innerspace
      22. ESRI
      23. SYOOK
  16. Disclaimer
Global Indoor Location Market Segmentation