The global indoor location market size is expected to witness a significant CAGR of over 22% during the forecast period and accounted for around USD 7 billion in 2020. The increasing demand for the product at various places such as hospitals, airports, hotels, warehouses, and other commercial places to provide indoor positioning solution is one of the key factor to drive the market growth. Furthermore, increasing integration of beacons into cameras, LED lighting, Point of Sale (POS) devices, and digital signage is further expected to fuel the market growth. Moreover, the increasing penetration of smartphones, connected devices, and location-based apps among customers is anticipated to boost the market over the forecast period.
Market Drivers:
Increasing Demand for Location-Based Services: The growing demand for location-based services across various industries, such as retail, healthcare, transportation, and hospitality, is a major driver for the indoor location market. Businesses are leveraging indoor location technologies to enhance customer experiences, optimize operations, and improve overall efficiency.
Advancements in Indoor Positioning Technologies: Rapid advancements in indoor positioning technologies, such as Wi-Fi, Bluetooth Low Energy (BLE), Ultra-Wideband (UWB), and beacons, have significantly improved the accuracy and reliability of indoor location solutions. These technological advancements have opened up new possibilities for applications like indoor navigation, asset tracking, and proximity marketing.
Increasing Smartphone Penetration: The widespread adoption of smartphones and mobile devices has created a strong user base for indoor location services. With the majority of people carrying smartphones, indoor location technologies can leverage these devices to provide personalized and location-based information, promotions, and services.
Retail Transformation and Personalized Marketing: The retail industry has witnessed a shift towards personalized marketing and customer engagement strategies. Indoor location technologies enable retailers to track and understand customer behavior within their stores, deliver targeted promotions and recommendations, and optimize store layouts for better customer experiences.
Improved Operational Efficiency: Indoor location solutions play a crucial role in improving operational efficiency in various industries. For example, in healthcare, indoor location technologies can assist in asset tracking, patient flow management, and staff optimization. Similarly, in manufacturing and logistics, these technologies enable real-time tracking of inventory, equipment, and personnel, leading to streamlined operations and cost savings.
Enhanced Safety and Security: Indoor location technologies can contribute to enhancing safety and security within buildings and facilities. These solutions enable real-time monitoring of people’s movements, emergency response management, and geofencing to restrict access to sensitive areas. This is particularly valuable in environments like hospitals, airports, and industrial facilities.
Increasing Investments and Partnerships: The indoor location market has attracted significant investments from technology companies, venture capitalists, and strategic partners. These investments drive research and development efforts, leading to the creation of innovative indoor location solutions. Furthermore, partnerships between technology providers, system integrators, and industry players help in the wider adoption and deployment of indoor location technologies.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | ~ USD 7 Billion in 2020 | ||
| Market Growth (CAGR) | > 22% (2023-2030) | ||
| Largest Market Share | lock | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Acuity Brands, Apple, AiRISTA, CenTrak, and Azitek |
Market Insights:
The global indoor location market is bifurcated into component, technology, application, end-user, and geography. On the basis of component, the market is further segmented into hardware, solutions, and services. The hardware segment is accounted to hold the largest revenue share of the market by the end of the analysis period. The segment growth is attributed to the increasing penetration of smartphones devices in various end-use verticals, which can easily deploy RFID tags and Wi-Fi access points to track objects and people within a building.
On the basis of end-user, the market is segmented into retail, travel & hospitality, media & entertainment, transportation & logistics, and others. The transportation and logistics segment dominated the global indoor location market in 2020 and expected to maintain its dominance over the forecast period. The increasing adoption of the product at airport and railway stations to provide better mobility guidance is a major factor to drive the segment growth. On the flip side, the retail and e-commerce segment is expected to register a significant growth rate over the forecast period.
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The indoor location comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The indoor location market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Market Segmentation:
By Component:
- Hardware
- Solutions
- Services
By Technology:
- BLE
- UWB
- Wi-Fi
- RFID
By Application:
- Emergency Response Management
- Sales & Marketing Optimization
- Remote Monitoring
- Predictive Asset Maintenance
- Supply Chain Management
- Inventory Management
By End-User:
- Retail
- Travel & Hospitality
- Media & Entertainment
- Transportation & Logistics
- Government and Public Sector
- Manufacturing
- Healthcare & Pharmaceuticals
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage
Geographically, the indoor location market report comprises dedicated sections centering on the regional market revenue and trends. The indoor location market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The indoor location market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Indoor location market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.
Competitive Assessment
Some of the major market players operating in the global indoor location market are Acuity Brands, Apple, AiRISTA, CenTrak, and Azitek. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Acuity Brands
- Apple
- AiRISTA
- CenTrak
- Azitek
- Esri
- Cisco
- HERE Technologies
- HID Global
Key Questions Answered by Indoor Location Market Report
- Global indoor location market forecasts from 2021-2027
- Regional indoor location market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
- Indoor location submarket forecasts from 2021-2027 covering the market by component, by technology, by application, by end-user, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about indoor location market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level indoor location markets from 2021-2027
- Competitive Landscape and market positioning of top 10 players operating in the indoor location market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Indoor Location Market Portraiture
2.2. Global Indoor Location Market, by Component, 2020 (USD Mn)
2.3. Global Indoor Location Market, by Technology, 2020 (USD Mn)
2.4. Global Indoor Location Market, by Application, 2020 (USD Mn)
2.5. Global Indoor Location Market, by End-User, 2020 (USD Mn)
2.6. Global Indoor Location Market, by Geography, 2020 (USD Mn)
3. Global Indoor Location Market Analysis
3.1. Indoor Location Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Indoor Location Market By Component, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Hardware
4.3. Solutions
4.4. Services
5. Global Indoor Location Market By Technology, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. BLE
5.3. UWB
5.4. Wi-Fi
5.5. RFID
6. Global Indoor Location Market By Application, 2018 – 2027 (USD Mn)
6.1. Overview
6.2. Emergency Response Management
6.3. Sales & Marketing Optimization
6.4. Remote Monitoring
6.5. Predictive Asset Maintenance
6.6. Supply Chain Management
6.7. Inventory Management
7. Global Indoor Location Market By End-User, 2018 – 2027 (USD Mn)
7.1. Overview
7.2. Retail
7.3. Travel & Hospitality
7.4. Media & Entertainment
7.5. Transportation & Logistics
7.6. Government and Public Sector
7.7. Manufacturing
7.8. Healthcare & Pharmaceuticals
7.9. Others
8. North America Indoor Location Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. North America Indoor Location Market by Component (2018-2027 USD Mn)
8.1.3. North America Indoor Location Market by Technology (2018-2027 USD Mn)
8.1.4. North America Indoor Location Market by Application (2018-2027 USD Mn)
8.1.5. North America Indoor Location Market by End-User (2018-2027 USD Mn)
8.1.6. North America Indoor Location Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Indoor Location Market by Component (2018-2027 USD Mn)
8.1.6.1.2. U.S. Indoor Location Market by Technology (2018-2027 USD Mn)
8.1.6.1.3. U.S. Indoor Location Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. Indoor Location Market by End-User (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Indoor Location Market by Component (2018-2027 USD Mn)
8.1.6.2.2. Canada Indoor Location Market by Technology (2018-2027 USD Mn)
8.1.6.2.3. Canada Indoor Location Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada Indoor Location Market by End-User (2018-2027 USD Mn)
9. Europe Indoor Location Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Europe Indoor Location Market by Component (2018-2027 USD Mn)
9.1.3. Europe Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.4. Europe Indoor Location Market by Application (2018-2027 USD Mn)
9.1.5. Europe Indoor Location Market by End-User (2018-2027 USD Mn)
9.1.6. Europe Indoor Location Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Indoor Location Market by Component (2018-2027 USD Mn)
9.1.6.1.2. Germany Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.6.1.3. Germany Indoor Location Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany Indoor Location Market by End-User (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Indoor Location Market by Component (2018-2027 USD Mn)
9.1.6.2.2. U.K. Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.6.2.3. U.K. Indoor Location Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. Indoor Location Market by End-User (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Indoor Location Market by Component (2018-2027 USD Mn)
9.1.6.3.2. France Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.6.3.3. France Indoor Location Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France Indoor Location Market by End-User (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Indoor Location Market by Component (2018-2027 USD Mn)
9.1.6.4.2. Italy Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.6.4.3. Italy Indoor Location Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy Indoor Location Market by End-User (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Indoor Location Market by Component (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Indoor Location Market by Technology (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Indoor Location Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Indoor Location Market by End-User (2018-2027 USD Mn)
10. Asia Pacific Indoor Location Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. Asia Pacific Indoor Location Market by Component (2018-2027 USD Mn)
10.1.3. Asia Pacific Indoor Location Market by Technology (2018-2027 USD Mn)
10.1.4. Asia Pacific Indoor Location Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific Indoor Location Market by End-User (2018-2027 USD Mn)
10.1.6. Asia Pacific Indoor Location Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Indoor Location Market by Component (2018-2027 USD Mn)
10.1.6.1.2. China Indoor Location Market by Technology (2018-2027 USD Mn)
10.1.6.1.3. China Indoor Location Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China Indoor Location Market by End-User (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Indoor Location Market by Component (2018-2027 USD Mn)
10.1.6.2.2. Japan Indoor Location Market by Technology (2018-2027 USD Mn)
10.1.6.2.3. Japan Indoor Location Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan Indoor Location Market by End-User (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Indoor Location Market by Component (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Indoor Location Market by Technology (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Indoor Location Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Indoor Location Market by End-User (2018-2027 USD Mn)
11. Latin America (LATAM) Indoor Location Market Analysis and Forecast, 2018 – 2027 (USD Mn)
11.1.1. Overview
11.1.2. Latin America Indoor Location Market by Component (2018-2027 USD Mn)
11.1.3. Latin America Indoor Location Market by Technology (2018-2027 USD Mn)
11.1.4. Latin America Indoor Location Market by Application (2018-2027 USD Mn)
11.1.5. Latin America Indoor Location Market by End-User (2018-2027 USD Mn)
11.1.6. Latin America Indoor Location Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Indoor Location Market by Component (2018-2027 USD Mn)
11.1.6.1.2. Brazil Indoor Location Market by Technology (2018-2027 USD Mn)
11.1.6.1.3. Brazil Indoor Location Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil Indoor Location Market by End-User (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Indoor Location Market by Component (2018-2027 USD Mn)
11.1.6.2.2. Mexico Indoor Location Market by Technology (2018-2027 USD Mn)
11.1.6.2.3. Mexico Indoor Location Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico Indoor Location Market by End-User (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Indoor Location Market by Component (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Indoor Location Market by Technology (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Indoor Location Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Indoor Location Market by End-User (2018-2027 USD Mn)
12. Middle East and Africa Indoor Location Market Analysis and Forecast, 2018 – 2027 (USD Mn)
12.1.1. Overview
12.1.2. MEA Indoor Location Market by Component (2018-2027 USD Mn)
12.1.3. MEA Indoor Location Market by Technology (2018-2027 USD Mn)
12.1.4. MEA Indoor Location Market by Application (2018-2027 USD Mn)
12.1.5. MEA Indoor Location Market by End-User (2018-2027 USD Mn)
12.1.6. Middle East and Africa Indoor Location Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Indoor Location Market by Component (2018-2027 USD Mn)
12.1.6.1.2. GCC Indoor Location Market by Technology (2018-2027 USD Mn)
12.1.6.1.3. GCC Indoor Location Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC Indoor Location Market by End-User (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Indoor Location Market by Component (2018-2027 USD Mn)
12.1.6.2.2. South Africa Indoor Location Market by Technology (2018-2027 USD Mn)
12.1.6.2.3. South Africa Indoor Location Market by Application (2018-2027 USD Mn)
12.1.6.2.4. South Africa Indoor Location Market by End-User (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Indoor Location Market by Component (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Indoor Location Market by Technology (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Indoor Location Market by Application (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Indoor Location Market by End-User (2018-2027 USD Mn)
13. Company Profiles
13.1. Acuity Brands
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Apple
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. AiRISTA
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. CenTrak
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Azitek
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Esri
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Cisco
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. HERE Technologies
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Google
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. HID Global
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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