Indoor Positioning and Navigation System (IPIN) Market Size, Development Status, Industry Growth at 30% CAGR by Forecast 2022
Indoor Positioning and Navigation System Market, by Type (Indoor Location Based Analytics and Indoor Navigations & Maps), by Technology (RFID, Cellular, WLAN) by Verticals (Consumer Electronics, IT, Healthcare, Transportation), by Applications (Navigation, Positioning, Location, Geo-Fencing)
Pune, India – July 30, 2018 /MarketersMedia/ —
The prominent players in the Indoor Positioning and Navigation System market are – Apple Inc. (U.S), Google Inc. (U.S), Nokia Corporation (Finland), Microsoft Corp (U.S), Cisco System Inc. (U.S), Qualcomm Technologies Inc. (U.S.), Sapient Corporation (U.S.), Ericsson (Sweden), Zebra Technologies (U.S.), SenionLab AB (Sweden), and STMicroelectronics N.V. (Switzerland), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global Indoor Positioning and Navigation System market.
Indoor Positioning and Navigation System Market – Overview
The extensive use of location-based services requires accurate user positioning information both outdoors and indoors. In case of outdoor environment, Global Navigation Satellite System (GNSS) effectively provide accurate user position and is used in personal navigation devices (e.g., the smartphone, tablets). However in indoor environment it is difficult for Global Navigation Satellite System (GNSS) to provide reliable positioning information due to signal attenuation and blocking caused by buildings and construction materials. Thus the location based apps such as Navigation doesn’t work inside airports, malls, subways, etc. Similarly Global Positioning System (GPS) doesn’t provide information about the floor and building level where the user is located. These factors led to the need for a system where a user can be located inside a building accurately and precisely to make positioning and navigation inside indoors as easy as outdoors.
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Indoor Positioning and Navigation System locate people or objects inside buildings, typically via a mobile device such as a smart phone or tablet. In indoor environment different positioning technologies are used such as ultrasound, infrared, Bluetooth, Wi-Fi, image recognition, inertial navigation, and pseudolite (or pseudo-satellite). IPIN are quickly gaining traction in places like shopping malls, hospitals, airports and other indoor venues where navigation and other location-based services (LBS) proved to be indispensable.
The key driving factor for Indoor Positioning and Navigation System market is advancement in Indoor positioning and navigation system. Also high penetration of mobile computing devices such as smartphones, Tablets is driving the market. The rapid adoption of Bluetooth low energy beacon(BLE) Technology is also one of the major driver for the growth of IPIN market as BLE beacon is cost effective ,consumes low power and works where other positioning techniques does not have signal. However, due to lack of awareness about technology the market may face a huge setback.
Industry News
May 18, Google Working on AR Walking Navigation Mode for Maps
Google’s vice president of product for AR, VR, and vision-based products, Aparna Chennapragada, previewed a new augmented reality walking navigation feature for Google Maps that overlays real-time turn-by-turn directions and points of interest on the smartphone’s camera view. This feature estimates positioning and orientation based on observed landmarks and with greater precision than GPS alone. Google is porting the technology to Maps, which can compare visual data to Street View maps collected by Google’s seemingly tireless mapping fleet.
May 18, Fantasmo Wants to Map the World & Its Buildings in 3D with Your Smartphone’s Camera
Fantasmo– a notable technology start-up, has camera positioning standard (CPS) which captures spatial data through your device’s camera. With this data stored in a server, AR apps can readily and accurately determine position and location relative to recognized landmarks in the immediate vicinity. Fantasmo’s approach also mirrors another startup, 6D.ai, whose platform can capture a dense 3D mesh with smartphone cameras while running in the background.
May 18, Sydney airport introduces Apple Maps
Getting around Sydney Airport just got easier due to the gateway’s adoption of Apple Maps(web mapping service), which shows users how to navigate their way through T1 International, T2/T3 Domestic terminals and its car parks. Customers can now easily find facilities and services inside the terminal, including restrooms, parent’s rooms, elevators and shops, and see current location with indoor positioning.
Indoor Positioning and Navigation Market – Segmentation
Segmentation by Type: Indoor Location Based Analytics, Indoor Navigations and Maps, among others.
Segmentation by Technologies: RFID, Cellular, WLAN (IEEE 802.11), and Bluetooth (IEEE 802.15), among others.
Segmentation by Verticals: Consumer Electronics (Smartphone, Tablet/PC), Transport & Logistics, IT, Entertainment and Healthcare, among others.
Segmentation by Applications: Navigation, Location Based Promotions, Positioning, and Geo-Fencing among others.
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Indoor Positioning and Navigation Market – Regional Analysis
The regional analysis of Indoor Positioning and Navigation Market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to have largest market share during the forecasted period owing to the early development and adoption of technologies and presence of large number of indoor location providers and users. Increasing adoption of IPIN system in the healthcare & consumer electronics sector drives the regional market growth. Companies in the United States (U.S) and Canada have adopted the indoor location technology to engage with their customers. However, lack of awareness and reluctance to use indoor location may hinder the growth of the IPIN market.
Europe holds the second largest market for the IPIN System owing to the demand from the various sectors such as retail, BFSI, IT & telecommunication. On the other hand, Asia Pacific region is expected to witness a healthy growth due to adoption of digitization and information technology.
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