Global Indoor Location System Market Insights and Forecast to 2028

Indoor Location System Market Analysis and Insights

The global Indoor Location System market size is projected to reach US$ 16880 million by 2028, from US$ 3696 million in 2021, at a CAGR of 21.6% during 2022-2028.

The indoor location market finds enormous opportunities in the manufacturing, distribution, and logistics sectors because the majority of manufacturing companies and warehouses install indoor location technologies to enable the micro-level monitoring of assets and objects, ensuring the quality assurance of the product manufactured.

Indoor Location System Market Trends

Through the use of proximity-based techniques, the general position of a person or object at room level within a facility can be ascertained. As opposed to this, a precision system like ultra wide-band can precisely determine the location of an object down to the level of a dot on a map. Tags and beacons are used for indoor locating in proximity-based systems that utilize readers or reference points. The cheapest method of simple interior localization is to use proximity-based technologies. They are widespread in a variety of industries, including manufacturing and healthcare. They also offer more accurate location data and longer battery life than reader-based systems. The Indoor Location System Market is anticipated to expand as a result of this factor.

In a WiFi positioning system, tags are WiFi transmitters that broadcast brief packets of data to the numerous WiFi access points spread around a facility. These access points give a backend, which uses formulas to calculate a position, date, time, and reading intensity. The location information is then transferred to the cloud. Time difference of arrival (TDOA) measurements with wide bandwidth are used by WiFi indoor positioning systems to achieve a respectable degree of accuracy—between three and five meters. Additionally, compared to similar items, WiFi tags are typically more expensive and less energy-efficient. Having said that, the widespread use of the Wifi positioning system in industrial and medical settings is anticipated to drive the Indoor Location System Market  

The Indoor Location System Market is anticipated to grow as Ultra Wide-Band (UWB) systems are used more often. Three or more ultra wide-band readers transmit an extremely wide pulse spanning a GHz of the spectrum when using UWB. The readers then listen for the chirps of super wide-band tags. These tags have a tiny pulse-producing exciter in the spark-gap manner that causes a brief, coded, extraordinarily broad, nearly instantaneous burst. The primary server receives the readers' incredibly accurate time readings from the tags. The position data is extremely accurate—possibly the most accurate of any system in use right now—due to the UWB signal's vast distribution. The biggest drawback of UWB is that it is the most expensive to install a system.

Infrared-based indoor localization devices, use infrared light pulses to find signals inside a building (like a TV remote). Every room is equipped with an IR receiver, which reads the IR tag as it pulses. In order to clearly separate the rooms in newly built hospitals, infrared systems are routinely used.

Indoor Location System Market Analysis

North America is anticipated to be the most lucrative market during the projected period as a result of the increased demand for indoor location technology to enhance lean automation and robotics processes. Additionally, it is anticipated that the growing demand for indoor technology across a range of industries, including retail, travel, hospitality, healthcare, and public spaces, will boost the demand for indoor positioning and navigation systems in the Asia Pacific region.

Indoor Location System Market Scope and Market Size

Indoor Location System market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Indoor Location System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type

• RF Based (Wi-Fi/BLE)
• Sensor and Tag Based
• Others

Segment by Application

• Transportation
• Hospitality
• Public Buildings
• Others

By Company

• Apple, Inc.
• Cisco Systems, Inc.
• Google, Inc.
• Microsoft Corporation
• Qualcomm Technologies, Inc.
• Broadcom Ltd.
• Ericsson
• Zebra Technologies
• Senionlab AB.
• Stmicroelectronics

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA