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Indoor Positioning and Indoor Navigation Market size is expected to reach nearly USD 146.09 Bn. by 2030

(IT-NEWSWIRE.COM, September 14, 2024 ) Indoor Positioning and Indoor Navigation Market was valued at US$ 12.16 Bn in 2023 and is expected to reach USD 146.09 Bn by 2030, at a CAGR of 42.63% during forecast period.



The Asia-Pacific region is expected to record the fastest CAGR during the forecast period due to the rising adoption of positioning technology across retail, healthcare, logistics, public, and office spaces, along with growing demand for real-time location systems and indoor location-based services. However, in 2023, North America held the largest share, driven by the increased use of indoor positioning and navigation solutions in retail, public spaces, and logistics warehouses.



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Indoor Positioning and Indoor Navigation Market Segmentation



by Component



Software

Hardware

Services



by Technology



Ultra-Wideband Technology

Bluetooth Low Energy

Wi-Fi

Others



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by Application



Asset & Personnel Tracking

Location-Based Analytics

Navigation & Maps

Others



by End-User



Healthcare

Retail

Manufacturing

Travel & Hospitality

Office Spaces

Public Spaces

Logistics & Warehouses

Others



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Indoor Positioning and Indoor Navigation Market Key Players:



Apple Incorporation

Cisco Systems Inc.

Broadcom

Ericsson

Microsoft

Google Inc.

Nokia Corporation



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