CHICAGO, Aug. 6, 2024
/PRNewswire/ -- The Indoor Location Market is
projected to grow from USD 11.9
billion in 2024 to USD 31.4
billion by 2029, at a CAGR of 21.4% during the forecast
period, according to a new report by MarketsandMarkets™. The need
for indoor location solutions is predicted to grow due to the
rising number of applications powered by BLE tags and beacons. The
availability of the increasing number of mobile devices and the
quickly developing market of indoor positioning systems including
navigation and asset tracking services. Indoor location solutions
are being embraced into the healthcare facilities for asset
tracking and monitoring of patients as well as the staff, which
positively impacts on the care delivered and the facilities
productivity.
Browse in-depth TOC on "Indoor Location Market"
328 - Tables
58 - Figures
324 - Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2018-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD)
Billion
|
Segments
covered
|
By Offering,
application, technology, vertical, and regions
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East and Africa, and Latin America
|
Companies
covered
|
Zebra Technologies
(US), Cisco (US), Google (US), Microsoft (US), HPE (US), Apple
(US), Esri (US), Acuity Brands (US), Inpixon (US), HERE
Technologies (US), HID Global (US), CenTrak (US), Sonitor (Norway),
Ubisense (UK), infsoft (Germany), Polaris Wireless (US), Quuppa
(Finland), Securitas Healthcare (US), Navigine (US), Blueiot
(China), Kontakt.io (US), AiRISTA (US), InnerSpace (Canada), Syook
(India), Oriient (Israel), Navenio (England), Situm (Spain), Pozyx
(Belgium), Azitek (Portugal), and Mapxus (China).
|
Based on offerings, the hardware segment holds the largest
market size during the forecast period.
Beacons, sensors, tags, gateways, fixed readers, and Wi-Fi
access points are all included in the hardware sector. In location,
vendors have developed hardware in response to growing customer
demand for BLE, sensors, and Wi-Fi technologies to pinpoint their
location within a building. Various retail stores integrate beacons
and Wi-Fi with in-store signage system that gives customers the
remote control to decide what product information or details they
want to see. Beacons can also be used with server-based
applications. For instance, they enable the tracking and evacuating
people and items in big industrial buildings, the analysis of
itineraries, security applications (access control, theft
protection, dead man's handle), and workplace administration.
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Based on technology, ultra-wideband is projected to register
the highest CAGR during the forecast period.
The term "UWB" refers to a baseband, carrier-free, impulse
technology that sends out very short pulses with a low power
spectral density. Its access range spans from 10.6 GHz to 3.1 GHz.
This excessive bandwidth provides information rates for the
conversion of data for decision-making. UWB positioning is useful
where the position of objects in buildings must be determined with
high precision. This technology can implement both server-based
(asset tracking) and client-based (indoor navigation) applications.
UWB has very high sampling rates, which greatly reduces
latency.
Based on region, Asia
Pacific is projected to register the highest CAGR during the
forecast period.
Asia Pacific has seen a rapid
and sophisticated uptake of new technology. The Asia Pacific Indoor
Location Market is expanding due to the region's growing population
and rising infrastructure. The expansion of indoor location
solutions in the region is driven by the sharp increase in
technology use across verticals to improve the experience of
consumers and visitors. Rising startups and their need for
location-tracking solutions and government initiatives toward smart
city technologies are driving the market's growth.
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Top Companies in Indoor Location Market:
The major vendors covered in the Indoor Location Market include
Zebra Technologies (US), Cisco (US), Google (US), Microsoft (US),
HPE (US), Apple (US), Esri (US), Acuity Brands (US), Inpixon (US),
HERE Technologies (US), HID Global (US), CenTrak (US), Sonitor
(Norway), Ubisense (UK), infsoft
(Germany), Polaris Wireless (US),
Quuppa (Finland), Securitas
Healthcare (US), Navigine (US), Blueiot (China), Kontakt.io (US), AiRISTA (US),
InnerSpace (Canada), Syook
(India), Oriient (Israel), Navenio (England), Situm (Spain), Pozyx (Belgium), Azitek (Portugal), and Mapxus (China).
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