Market Research Report

Global Indoor Location Market Research Report: Forecast (2023-2028)

By Component (Hardware, Solutions [Indoor Tracking {Asset & People Tracking, Indoor Location Analytics}, Indoor Navigation], Services [Managed Services, Professional Services {Depl...oyment & Integration, Consulting, Maintenance & Upgrade}]), By Deployment Mode (On-Premise, 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 & Small-Size), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Country (US, Canada, Mexico, Brazil, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Australia), By Company (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 , low, Innerspace, ESRI, SYOOK etc.) Read more

  • ICT & Electronics
  • May 2023
  • 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.

Market Insights

The Global Indoor Location Market is anticipated to grow at a CAGR of around 38% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the rising popularity of smart devices & technologies, increasing digitalization trends, the surging penetration of the internet & smartphones, and the inadequacy of GPS technology in indoor locations. Besides, the growing integration of LBS (Location-Based Services), significant advancements in indoor positioning technologies, and the rising focus of businesses on customer engagement & analytics are other prominent aspects projected to boost the market in the future.

Innovative techniques such as Wi-Fi positioning, Bluetooth beacons, ultra-wideband (UWB), and magnetic positioning have improved the accuracy & reliability of indoor location systems and thus have expanded their use cases & applications. These systems can help people in supermarkets navigate through their desired products. Their application in manufacturing units can help efficiently manage floor levels.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 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

 

Governments of various countries are taking initiatives toward deploying indoor positioning technology for public security & safety. Moreover, indoor location technologies provide businesses with valuable insights into customer behavior, preferences, & traffic patterns within indoor spaces, which enable them to improve customer engagement, optimize store layouts, personalize marketing campaigns, and enhance operational efficiency.

Various end-user verticals like retail, healthcare, hospitality, and transportation & logistics, among others, have started adopting indoor location technologies. While retailers use them for proximity marketing, personalized offers, & footfall analysis, healthcare facilities utilize them for asset tracking, patient flow management, & staff coordination. On the other hand, transportation hubs & airports leverage indoor positioning systems for efficient navigation & crowd management. Hence, these aspects are projected to play a crucial role in enhancing the Global Indoor Location Market size over the forecast years.


Global Indoor Location Market Research Report: Forecast (2023-2028)

Market Dynamics:

Key Driver: 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 Restraint: Challenges Associated with Accuracy & Scalability of IPS (Indoor Positioning Systems)

Due to the complex & dynamic nature of indoor environments, achieving high accuracy in indoor positioning is challenging. Aspects like signal interference, multipath effects, and signal attenuation caused by walls & obstacles can impact the accuracy of indoor location technologies, which, in turn, can result in suboptimal user experiences. In addition, scaling indoor location technologies to large & complex indoor spaces is another significant challenge. Deploying & maintaining the necessary infrastructure like access points, beacons, or sensors across extensive areas are resource-intensive & time-consuming. Hence, these accuracy & scalability challenges are likely to hinder the widespread adoption of IPS and, consequently, restrain the growth of the Global Indoor Location Market during 2023-28.

Market Segmentation

Based on 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.

Based on 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.

Regional Projection:

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

Of them all, North America is projected to acquire the largest share of the Indoor Location Market during 2023-28. It owes to increasing investments in indoor positioning, coupled with the rapid adoption of technologies like Wi-Fi, ultra-wideband, & BLE (Bluetooth Low Energy) to enable accurate & efficient indoor location tracking. In addition, the ever-increasing demand for proximity-based solutions in the retail sector and the mounting use of mobile media to promote products are other crucial aspects contributing to the regional market growth.

With the strong presence of technology companies & research institutions that drive innovations, the US has been at the forefront of remarkable advancements in the field of indoor location technologies. Various industries like retail, healthcare, transportation, and logistics adopted IPS & related technologies at the early stage, which provided the regional market players with a competitive advantage and allowed them to gain expertise & establish a strong market presence.

Moreover, the retail sector in North America is one of the largest & most advanced in the world. Several retailers across the region have recognized the potential of indoor location technologies to enhance customer experiences, optimize store layouts, and enable targeted marketing campaigns, i.e., driving the widespread adoption of indoor location solutions in the retail sector.

Furthermore, the robust network infrastructure, including Wi-Fi & cellular connectivity, i.e., essential for indoor positioning systems to function effectively, is another aspect promoting the deployment of indoor location technologies across the region. Many venues like airports, shopping malls, shopping malls, & stadiums have embraced indoor location technologies to provide better services and improve operational efficiency. Hence, these aspects are projected to spur growth in the North America Indoor Location Market through 2028 and create lucrative prospects for the leading companies operating in the industry.

Recent Developments in the Global Indoor Location Market:

  • In November 2022, Oriient, the provider of software-only IndoorGPS, leveraging Earth's magnetic field, brought its solution to Google Cloud Marketplace, through which customers with an existing Google Cloud Marketplace commitment will benefit from seamless procurement & consolidated billing through a single channel, which, in turn, would help retailers improve the in-store shopping experience with more digital touch points and customer journey analytics.
  • On 19 September 2022, Inpixon, the Indoor Intelligence® company, announced a collaboration agreement with Schauenburg Systems, an OEM of mine safety systems & equipment, to sell Inpixon’s real-time location technologies to mining companies in South Africa. Under the agreement, the parties will aim to achieve sales of hundreds of thousands of nanoLOC chips along with other core technologies of Inpixon that provide real-time tracking, collision avoidance, and proximity applications for the mining industry.

Do You Require Further Assistance?

  1. The sample report seeks to acquaint you with the layout and the overall research content.
  2. The deliberate utilization of the report may further streamline operations while maximizing your revenue.
  3. To gain an unmatched competitive advantage in your industry, you can customize the report by adding more segments and specific countries suiting your needs.
  4. For a better understanding of the contemporary market scenario, feel free to connect to our knowledgeable analysts.

Frequently Asked Questions

   A. The Indoor Location Market is forecast to grow at a CAGR of around 38% during 2023-28.

   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 Indoor Location Market during 2023-28.

   A. 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 , low, Innerspace, ESRI, and SYOOK are the key players operating in the Indoor Location Market.

   A. Challenges associated with accuracy & scalability of IPS (Indoor Positioning Systems) might hamper the growth of the Indoor Location Market through 2028.

   A. Transportation & Logistics and Travel & Hospitality sectors together hold the largest share of the Indoor Location Market and are projected to create lucrative prospects for the industry participants in the future.

   A. North America would continue providing profitable opportunities to the Indoor Location Market over the forecast years.

  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, 2018-2028F
    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, 2018-2028F
    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, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. Canada Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. Mexico Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  7. South America Indoor Location Market Analysis, 2018-2028F
    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, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  8. Europe Indoor Location Market Analysis, 2018-2028F
    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, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. France Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. The UK Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        4. Italy Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        5. Spain Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  9. Middle East & Africa Indoor Location Market Analysis, 2018-2028F
    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, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. Israel Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
  10. Asia Pacific Indoor Location Market Analysis, 2018-2028F
    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, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        2. India Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        3. South Korea Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        4. Japan Indoor Location Market Analysis, 2018-2028F
          1. Market Size & Analysis
            1. Revenues (in USD Million)
        5. Australia Indoor Location Market Analysis, 2018-2028F
          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


Indoor Location Market Segmentation