Indoor Positioning and Indoor Navigation Market: Incremental Growth is Expected to be Worth $15.78 Billion by 2024

NEW YORK, June 20, 2021 /PRNewswire/ -- The Indoor Positioning and Indoor Navigation Market report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

The indoor positioning and indoor navigation market is expected to grow by USD 15.78 billion, according to Technavio.

Enterprises will go through the Response, Recovery, and Renew phases.

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This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
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Key Considerations for Market Forecast:

• Impact of supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets
• Quarterly impact analysis and updates on market estimates

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Major Three Indoor Positioning And Indoor Navigation Market Participants:

Alphabet Inc.

Alphabet Inc. operates its business under segments - Google and Other Bets. The company offers IPIN systems such as MapsIndoors an indoor navigation built with Google maps.

Apple Inc.

Apple Inc. operates its business under segments - iPhone, iPad, Mac, Wearables, Home and Accessories, and Services. The company offers IPIN systems such as Apple-Indoor-Maps for indoor positioning.

Broadcom Inc.

Broadcom Inc. operates its business under segments- Semiconductor solutions, Infrastructure software, and IP licensing. The company offers IPIN systems such as multi-constellation Global Navigation Satellite System (GNSS) solution.

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Indoor Positioning and Indoor Navigation Market 2020-2024: Segmentation

Indoor positioning and indoor navigation market is segmented as below:

• Application
• Retail
• Aviation
• Healthcare
• Manufacturing and Logistics
• Government and Public Sector
• Geographic
• North America
• Europe
• APAC
• South America
• MEA

The indoor positioning and indoor navigation market is driven by the declining cost of RFID tags. In addition, increasing use of iBeacon for businesses is also expected to trigger the indoor positioning and indoor navigation market toward witnessing a CAGR of about 33% during the forecast period.

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Report: https://www.technavio.com/talk-to-us?report=IRTNTR43641

SOURCE Technavio