Global Indoor Positioning and Indoor Navigation (IPIN) Industry

Global Indoor Positioning and Indoor Navigation (IPIN) Industry

  • April 2021 •
  • 113 pages •
  • Report ID: 5899681 •
  • Format: PDF
Abstract:
- Global Indoor Positioning and Indoor Navigation (IPIN) Market to Reach $56.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Indoor Positioning and Indoor Navigation (IPIN) estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$56.6 Billion by 2027, growing at a CAGR of 53.3% over the analysis period 2020-2027. Retail, one of the segments analyzed in the report, is projected to record a 54.6% CAGR and reach US$22.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aviation segment is readjusted to a revised 50.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $867.4 Million, While China is Forecast to Grow at 50.6% CAGR
- The Indoor Positioning and Indoor Navigation (IPIN) market in the U.S. is estimated at US$867.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.9 Billion by the year 2027 trailing a CAGR of 50.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 47.8% and 45% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 35.4% CAGR.
- Healthcare Segment to Record 56.5% CAGR
- In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 56.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$399.4 Million in the year 2020 will reach a projected size of US$9.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7 Billion by the year 2027.

- Select Competitors (Total 41 Featured) -
  • Apple, Inc.
  • Beaconinside GmbH
  • bluepath AG
  • GiPStech Srl
  • Google LLC
  • HERE Global BV
  • MazeMap AS
  • Nextome Srl
  • Pinmicro K.K
  • Pointr Labs
  • Shopkick, Inc.
  • SPREO Indoor Mapping & Indoor GPS Solution