Global Indoor Location Market Report (2022 to 2027) - Increasing Demand for RFID Tags Across Retail Industry Presents Opportunities

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Global Indoor Location Market

Global Indoor Location Market
Global Indoor Location Market

Dublin, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The "Global Indoor Location Market by Component (Hardware, Solutions, Services), Technology (BLE, UWB, Wi-Fi, RFID), Application (Emergency Response Management, Remote Monitoring), Organization Size, Vertical, and Region - Forecast to 2027" report has been added to's offering.

The global indoor location market is projected to grow from USD 8.8 billion in 2022 to USD 24 billion by 2027, at a CAGR of 22.4% during the forecast period.

GPS technology has failed to accurately locate and track objects and individuals in an indoor environment, as it is unable to receive signals from satellites. Owing to the signal attenuation caused by construction materials, satellite-based GPS loses significant power indoors and satellite positioning could not function in closed areas.

This led to the emergence of new technologies, such as indoor location or IPS. Hence, the need for research on new indoor technologies results in the inception of a combination of technologies to bring solutions that offer accuracy and reliability in the indoor location market.

By organization size, the SMEs segment is projected to register a higher CAGR during the forecast period

SMEs are also implementing indoor location hardware and solutions, which enable better orientation in a complex building, providing location-based analytics and tracking functionalities. SMEs are at the early stage of adopting indoor location solutions, with most small enterprises in the exploratory stage; however, they have started showing a greater interest in getting an analytics platform to reap the desired outcome. Most SMEs are now viewing indoor location solutions more as a strategic initiative and an opportunity to increase business revenue.

By component, the hardware segment is estimated to account for the largest market share in 2022

The hardware segment includes beacons, sensors, tags, gateways, fixed readers, and Wi-Fi access points. A rise in demand for BLE, sensors, and Wi-Fi technologies among users to determine the location within the building has influenced vendors to develop indoor location hardware. Emerging technologies, such as beacons and BLE, could generate research data to create personalized, relevant, real-time experiences that lead to enhanced targeting and conversion.

Various retail stores integrate beacons and Wi-Fi with an in-store signage system, giving customers the ability (through remote control) to decide which product information or details they want to see. Companies such as Zebra Technologies, Inpixon, Cisco, Apple, infsoft, Ubisense, and Sonitor offer various indoor location hardware for customers with advanced technologies to track and locate people and objects and increase customer experience.

Among regions, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period

The growth of the indoor location market in Asia-Pacific is highly driven by technological advancements across the region. China is anticipated to be the leading market for indoor location solutions in this region. The existence of a large population and developing infrastructure and technology are major factors contributing to the growth of the indoor location market in Asia-Pacific.

The rapid rise in technology adoption by various verticals to enhance customers' and visitors' experiences is driving the demand for indoor location solutions in the region. Verticals such as transportation and logistics, media, manufacturing, government and public offices, and retail are leading the race in terms of indoor applications' adoption in this region. The transportation and logistics verticals are investing significantly in indoor location solutions to easily track passengers, people, and assets in a building.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Indoor Location Market
4.2 Market in North America, by Component and Application, 2022
4.3 Asia-Pacific Market, by Component and Country, 2022
4.4 Market, by Country

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Proliferation of Smartphones, Connected Devices, and Location-based Applications Among Customers Increasing Number of Applications Powered by Beacons and BLE Tags Growing Integration of Beacons in Cameras, LED Lightings, PoS Devices, and Digital Signage Inefficiency of GPS in Indoor Environments
5.2.2 Restraints Concerns Related to Data Security and Privacy Stringent Government Rules and Regulations High Installation and Maintenance Costs
5.2.3 Opportunities Increasing Demand for RFID Tags Across Retail Industry Growing Need for Contact-Tracing Solutions due to COVID-19 Growing Demand for Indoor Location Technologies to Support Lean Automation and Robotic Processes Focus on Industry 4.0 Smart Cities and Smart Manufacturing
5.2.4 Challenges Lack of Skill and Awareness Related to Indoor Location Technologies System Incompatibility and Dearth of Uniform Standards and Interoperability
5.2.5 Cumulative Growth Analysis
5.3 Industry Trends
5.3.1 Architecture
5.3.2 Ecosystem
5.3.3 Porter's Five Forces Model
5.3.4 Key Stakeholders and Buying Criteria
5.3.5 Technology Analysis
5.3.6 Trends and Disruptions Impacting Buyers
5.3.7 Patent Analysis
5.3.8 Pricing Model Analysis
5.3.9 Case Study Analysis Indoor Mapping and Real-Time Location Technology Helped Lee Health Improve Patient Care and Engagement Leogistics Worked with Here to Bridge Visibility Gaps and Bring Greater Transparency to Complex Supply Chains Ford Motor Benefited from a Company-Wide Real-Time Location System Offered by Zebra Technologies Ericsson Collaborated with Senion to Enhance Employee Performance Transports Publics Fribourgeois (TPF) Adopted Ubisense RTLS Solution for Efficient Business Operation Toshin Industry Co. Ltd Achieved Low-Cost, High-Productivity, and High-Quality Production by Developing New Plating Methods in Unique Production Facility from Quuppa
5.3.10 Key Conferences & Events in 2022
5.3.11 Regulatory Compliances

6 Indoor Location Market, by Component
6.1 Introduction
6.1.1 Market, by Component: Drivers
6.2 Hardware
6.2.1 Rise in Demand for BLE, Sensors, and Wi-Fi Technologies to Drive Segment
6.3 Solutions
6.3.1 Indoor Location Solutions to Grow at Rapid Pace
6.3.2 Indoor Tracking Asset and People Tracking Indoor Location Analytics
6.3.3 Indoor Navigation
6.3.4 Database Management System
6.4 Services
6.4.1 Adoption of Indoor Location Solutions and Technologies to Boost Segment
6.4.2 Managed Service
6.4.3 Professional Service Training and Consulting Support and Maintenance System Integration and Implementation

7 Indoor Location Market, by Organization Size
7.1 Introduction
7.1.1 Market, by Organization Size: Drivers
7.2 Large Enterprises
7.2.1 Rising Adoption of Indoor Location Solutions Among Large Enterprises to Provide Better Navigation and Tracking Ability
7.3 Small and Medium-Sized Enterprises
7.3.1 Adoption of New Technologies to Fix Issues for Enhancing Business Processes to Boost Market

8 Indoor Location Market, by Technology
8.1 Introduction
8.1.1 Market, by Technology: Drivers
8.2 Bluetooth Low Energy (BLE)
8.2.1 BLE Witness Significant Growth During Forecast Period
8.3 Ultra-Wideband (UWB)
8.3.1 Popular Technology for High-Precision Applications
8.4 Wi-Fi
8.4.1 Widely Used due to High Compatibility, Ease of Installation, and Easy Availability
8.5 Radio-Frequency Identification (RFID)
8.5.1 Growing Need for Asset/Personal Tracking Solutions Across Diverse Industries to Boost Demand for RFID
8.6 Magnetic Positioning
8.6.1 Rising Adoption of Smartphones to Detect and Respond to Magnetic Field Variations in Indoor Environments to Spur Market Growth
8.7 Other Technologies

9 Indoor Location Market, by Deployment Mode
9.1 Introduction
9.1.1 Market, by Deployment Mode: Drivers
9.2 On-Premises
9.2.1 Reduction in Security Risks of Managing Location-based Data On-Premises to Drive Market
9.3 Cloud
9.3.1 Cloud-based Solution Features to Boost Adoption of Cloud-based Indoor Location Software

10 Indoor Location Market, by Application
10.1 Introduction
10.1.1 Market, by Application: Drivers
10.2 Emergency Response Management
10.2.1 Adoption of Indoor Location Solutions and Technologies to Play Vital Role in Coordinating Crisis Response Between Services and Emergency Departments
10.3 Sales and Marketing Optimization
10.3.1 Indoor Location Provides User Information and User Experience Data from Sales and Marketing Optimization by Understanding Customer Behavior
10.4 Remote Monitoring
10.4.1 Indoor Location Provides Remote Monitoring to Improve Overall System Performance
10.5 Predictive Asset Maintenance
10.5.1 Indoor Location Used to Optimize Asset Management and Reduce Wastage of Time in Searching for Equipment and Goods
10.6 Supply Chain Management
10.6.1 Indoor Location Used to Improve Performance of Order Picking and Stock-Taking Process in Warehouse Management with High Accuracy
10.7 Inventory Management
10.7.1 Warehouses to Improve Asset Management and Increase Inventory Turnover by Accurately Tracking Assets
10.8 Other Applications

11 Indoor Location Market, by Vertical
11.1 Introduction
11.1.1 Market, by Vertical: Drivers
11.2 Retail
11.2.1 Indoor Location Solutions Used to Boost Sales, Revenues, and Customer Experience
11.3 Travel & Hospitality
11.3.1 Adoption of Indoor Location Solutions to Enhance Travel Experience
11.4 Media & Entertainment
11.4.1 Wi-Fi and BLE to Increase Operational Profitability
11.5 Transportation & Logistics
11.5.1 Growing Adoption of Indoor Location Solutions to Manage Inventory Effectively, Save Costs on Audits, and Track Missing Equipment
11.6 Government & Public Sector
11.6.1 Adoption of Indoor Location to Easily Track Floor and Meeting Room Availability with Concern of Data Security and Safety on Priority to Help Market Growth
11.7 Manufacturing
11.7.1 Indoor Location Solutions Implemented to Track and Locate Equipment, Components, and Other Assets
11.8 Healthcare & Pharmaceuticals
11.8.1 Growing Complexities to Generate Real-Time Patient and Equipment Location to Drive Adoption of Indoor Location Solutions
11.9 Other Verticals

12 Indoor Location Market, by Region

13 Competitive Landscape
13.1 Overview
13.2 Market Evaluation Framework
13.3 Competitive Scenario and Trends
13.3.1 Product Launches
13.3.2 Deals
13.4 Market Share Analysis of Top Players
13.5 Historical Revenue Analysis
13.6 Company Evaluation Matrix Overview
13.7 Company Evaluation Matrix Methodology and Definition
13.7.1 Stars
13.7.2 Emerging Leaders
13.7.3 Pervasive Players
13.7.4 Participants
13.8 Company Product Footprint Analysis
13.9 Company Market Ranking Analysis
13.10 Start-Up/SME Evaluation Matrix Methodology and Definition
13.10.1 Progressive Companies
13.10.2 Responsive Companies
13.10.3 Dynamic Companies
13.10.4 Starting Blocks
13.11 Competitive Benchmarking for Start-Ups/SMEs

14 Company Profiles
14.1 Major Players
14.1.1 Zebra Technologies
14.1.2 Cisco
14.1.3 Google
14.1.4 Microsoft
14.1.5 HPE
14.1.6 Apple
14.1.7 Esri
14.1.8 Acuity Brands
14.1.9 Inpixon
14.1.10 HERE
14.1.11 HID Global
14.1.12 Centrak
14.1.13 Sonitor
14.1.14 Ubisense
14.1.15 Infsoft
14.1.16 Polaris Wireless
14.1.17 Quuppa
14.1.18 STANLEY Healthcare
14.1.19 Navigine
14.2 SMEs/Start-Ups
14.2.2 AiRISTA
14.2.3 InnerSpace
14.2.4 Syook
14.2.5 Oriient
14.2.6 Navenio
14.2.7 Situm
14.2.8 Pozyx
14.2.9 Azitek
14.2.10 Mapxus

15 Adjacent and Related Markets

16 Appendix

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