Global Indoor Positioning and Indoor Navigation (IPIN) Market Report and Forecast 2024-2032

Global Indoor Positioning and Indoor Navigation (IPIN) Market Outlook

The global indoor positioning and indoor navigation (IPIN) market size was approximately USD 21.58 billion in 2023. The market is projected to grow at a CAGR of 31.4% between 2024 and 2032, reaching a value of USD 269.61 billion by 2032.

Key Trends in the Market

An indoor positioning system works like a GPS in indoor settings to facilitate the tracking of individuals and objects in a closed space. It has wide-ranging applications in the manufacturing and healthcare sectors where it is used to manage logistics and improve the tracking and safety of patients. It makes use of infrared rays, radio frequencies, and Wi-Fi access points, among others, to provide accurate location of people and objects.

• One of the significant indoor positioning and indoor navigation (IPIN) market trends includes the growing diversity and inclusivity in workplaces. Organisations h iring a diverse workforce in compliance with legal standards require the installation of indoor positioning systems to ensure that physically handicapped people are navigating the workplace just like other employees and are feeling comfortable working.

• With the expansion of shopping complexes, the demand for indoor positioning systems is expected to grow  in malls and showrooms. For instance, visitors shopping at the Dubai Mall navigate the 12.1 million square feet of space on their smartphones as the building employs an integrated location tracking system, which helps in wayfinding the route to restrooms, shops, and exit points. Such systems are expected to change the way enclosed spaces are perceived and signal a transition to a world aided by virtual reality.

• Decreasing space in urban cities and the rising need for smart housing are favouring the indoor positioning and indoor navigation (IPIN) market growth. For navigating complex buildings, GPS technology falls insufficient as it lacks the precision for indoor mapping. Hence, consumer demand for indoor positioning systems is expected to rise in the forecast period.

Market Analysis

Based on component, the global indoor positioning and indoor navigation (IPIN) market is segmented into hardware, software, and services. By technology, the market is segmented into Bluetooth low energy, Wi-Fi, and ultra-wideband technology, among others.

The market, based on application, is segmented into location-based analytics, asset and personal training, and navigation and maps, among others. On the basis of end-use, the market is segmented into healthcare, manufacturing, office spaces, travel and hospitality, retail, logistics and warehouses, and public spaces,  among others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and  the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the indoor positioning and indoor navigation (IPIN) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• HERE Global B.V.

• Apple Inc. 

• Alphabet, Inc. (Google)

• Cisco Systems Inc.

• Nextome srl

• Verizon Communications Inc.

• Navigine Corporation

• Pointr Limited

• Juniper Networks, Inc.

• IndoorAtlas Ltd.

• Others

Market Share by End-Use

As per the indoor positioning and indoor navigation (IPIN) market analysis, the demand for indoor positioning systems is expected to grow in the healthcare sector in upcoming years. Indoor positioning systems is likely to help medical professionals and patients in tackling emergencies quickly.

Meanwhile, shopping complexes use indoor positioning systems to identify the appeal of their offerings and accordingly place their products. Such systems also help visitors to know about  attractive schemes that a store offers and the minimum purchase price for availing that offer.

Multinational retailers and logistics and warehouse companies are also deploying indoor positioning systems to track employee productivity and accordingly manage roll calls. With the increasing importance of location-based analytics to create an effective workplace, the integration of the technology is rising. Furthermore, such organisations are managing their time and cost better by using indoor navigation devices.

Market Share by Region

North America represents a considerable portion of the indoor positioning and indoor navigation (IPIN) market share as the USA and Canada heavily invest in technologies such as ultra-wideband (UWB) and Wi-Fi. Moreover, the adoption of indoor positioning systems has become increasingly common across various industries, like retail, healthcare, and logistics, among others, in the region.

Meanwhile, in Europe, surging activities of end-users like restaurants, casinos and gaming, and aviation, among others, have led to a rise in the adoption of indoor navigation systems.

Competitive Landscape

HERE Global B.V. was founded in 1985 and is based in Eindhoven, Netherlands. It is one of the world’s leading location and technology companies, credited with creating the first digital map thirty-five years ago. It is present across 52 countries of the globe and collaborates with automotive companies to change the way the world moves and exists. Its aim is to improve asset utilisation globally with its technology and create better outcomes for its customers while ensuring a lower carbon footprint.

Cisco Systems Inc. is an American company that was founded in San Jose, California in 1984. It is an technology company that operates worldwide to provide computer networking products to different businesses. It is also the leading provider of products for the Internet of Things and location-based technology.

Navigine Corporation, headquartered in New York, the USA, is a global provider of integrated positioning technologies. Its systems are used to enable people to access the route to their desired store. Its mission is to create functional, effective, and affordable location solutions for any environment. It serves a diverse client base, including companies like Minew, Kesko, and Huawei.

Other players operating in the global indoor positioning and indoor navigation (IPIN) market include Apple Inc., Alphabet, Inc. (Google), Nextome srl, Verizon Communications Inc., Pointr Limited, Juniper Networks,Inc., and IndoorAtlas Ltd.,  among  others.

Key Highlights of the Report