Press release
Indoor Positioning and Indoor Navigation (IPIN) Market: Clear Understanding of the Competitive Landscape and Key Product Segments
An indoor positioning and indoor navigation (IPIN) system is a network of devices used to locate people and objects inside a building wirelessly. Whereas navigation is concerned with finding places in large office buildings, museums, university buildings and malls, indoor positioning and indoor navigation (IPIN) solutions improve accuracy of Wi-Fi based navigation and positioning. Earlier GPS devices were used intensively, as these devices were robust for outdoor environments.However, GPS signals are unavailable in indoor environments. Advanced indoor positioning and indoor navigation devices and solutions ensure better connectivity, access and indoor navigation. In addition, these devices and solutions will enhance customer privacy and is expected to bring in advancement in existing maps and navigation solutions and software. Increasing use of IPIN devices and solutions in various applications such as commercial buildings, healthcare, hospitality, oil & gas, mining and other related applications is driving the growth of indoor positioning and indoor navigation market.
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The indoor positioning and indoor navigation (IPIN) market can be segmented by six major criteria: devices, software, system types, applications and end users. The indoor positioning and indoor navigation (IPIN) market can be segmented on the basis of types of devices used into three major categories, namely network devices, proximity devices and mobile devices. On the basis of system types, the indoor positioning and indoor navigation (IPIN) market can be segmented into two major categories, namely indoor location based analytics and indoor navigations & maps.
The system type segment includes three major categories such as independent positioning system, network based positioning system and hybrid positioning system. On the basis of application the indoor positioning and indoor navigation (IPIN) market can be segmented into eleven major categories, namely commercial buildings & offices, healthcare, hospitality, government, security, aviation, oil & gas, mining, education, manufacturing and others (distribution, transport & logistics).
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The indoor positioning and indoor navigation (IPIN) market can be segmented on the basis of end-users into three major categories namely government, industrial and commercial sector. The market can also be segmented on the basis of major geographies into North America, Europe, Asia Pacific and Rest of the World (Latin America, Africa and Middle East)
The indoor positioning and indoor navigation (IPIN) market across the globe is expected to show a substantial CAGR from 2013 to 2019. There is a significant increase in the IPIN market because of technological advancement and cost reduction.
The key drivers of this market include increasing customer awareness. IPIN technology is replacing GPS technology and government initiatives, which are the biggest revenue generators for indoor positioning and indoor navigation (IPIN) market. The key restraint to this market is indoor environment and capex issues.
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