COVID-19 Impact on Indoor Positioning and Navigation Systems Market
ID: MRFR/ICT/1243-CR | October, 2018 | Region : Global
Impact of COVID-19 on the Global Indoor Positioning and Navigation Systems Market
Indoor positioning and navigation systems offer a central platform to track or detect the location of personnel and assets through the deployment of innovative wireless technologies. These technologies include Wi-Fi, Bluetooth low energy, and ultra-wideband. These systems also provide location analytics, mapping, navigation, asset tracking, wayfinding, and other solutions to the end-users. Moreover, they deliver better connectivity, and effective access to precise locations, workflow optimization by personnel & asset tracking, along with superior indoor navigation and routing. Furthermore, the rising demand for indoor positioning and navigation systems and related solutions in multiple commercial spaces such as airports, shopping malls, hotels, hospitals, and warehouses, is projected to boost the market growth over the forecast timeframe.
Currently, the demand for indoor positioning and navigation systems is on the rise during the COVID-19 pandemic. However, this requirement is likely to be hindered due to reductions in the budgets of electronics companies owing to full/partial lockdowns imposed worldwide. The lockdowns have caused severe losses to the global industry players and placed restrictions on public gatherings at international events, theatres, concerts, and music festivals, which is hindering the market growth. However, supportive government policies are projected to stimulate the growth of the indoor positioning and navigation systems market over the forecast period. Furthermore, the market is indicating a significant recovery rate, mainly attributed to the remote working policies adopted by many industry players to prevent the spread of COVID-19 at workplaces. The industry is, however, expected to face challenges in the future owing to the effects of COVID-19.
Impact Analysis
The global indoor positioning and navigation system market is forecasted to grow at a highly promising CAGR of 30.5% during the forecast period from 2018 to 2023. Indoor positioning and navigation system (IPN) is primarily a network of devices used for locating objects or people in enclosed spaces such as inside buildings. IPN is a vital technology as it helps in improving the accuracy of wireless internet connections and a number of other wireless technologies. The need for IPN is amplified by the fact that despite extensive use and advantages of GPS, it has a low availability in indoor environments thus needing to work in tandem with IPN to improve the availability of wireless connectivity. The global IPN market was valued at USD 5.21 Bn in 2017 and is expected to witness rapid appreciation to reach an estimated value of USD 24.99 Bn by the end of 2023.
The indoor positioning and navigation system market is highly dynamic due to its ongoing and swift evolution which is increasingly being used in innovative applications, services, and solutions for a number of industry verticals. Indoor navigation is extensively being used as a vital element of multi-modal door to door journeys with a specific focus on transfers between public transport vehicles in complex station buildings. IPN has been recognized as a dynamic element in seamless mobility planning and travel guidance in large metropolitan cities. The demand for indoor location services has grown drastically due to the high global sales of smartphones. Mobile communications have developed at a rapid pace, and the increasing prevalence of computing technology with the advancements of cloud technology has increased the need for location-aware services. Wi-Fi receiving signal strength is expected to develop considerably in the indoor positioning systems market as IPN systems have a wide coverage area and superior infrastructure. Privacy measures have been taken by players in their service offerings, thus bolstering the market and encouraging growth.
Presently there is high interest in indoor positioning systems from the scientific community and market players looking to secure top positions in the market. However, the lack of standards for indoor positioning systems and the lack of awareness among people about the benefits of this technology has made them reluctant to accept change, thus hampering market growth. However, the market which is still in its nascent stages is expected to witness several opportunities in the coming years. Indoor visual positioning with augmented reality and the potential of integration of artificial intelligence with indoor positioning services will likely yield market growth opportunities in the foreseeable future.
The global indoor positioning and navigation system market is segmented in the report on the basis of technology, component, platform, and region. By technology, the market is segmented into ultra-wideband (UWB), Wi-Fi, Bluetooth Low Energy (BLE), RFID, cellular based, and long-range wide area network (LoRaWAN). The UWB segment accounts for the largest share of the market and is expected to retain its position over the forecast period. Meanwhile, the RFID segment is expected to witness the highest growth at a CAGR of 33.3% during the assessment period.
Component segments included in the global indoor positioning and navigation system market are hardware and software. The hardware segment is sub-segmented into sensors, cameras, RFID tags, and networking devices. The hardware segment accounted for a market value of USD 3.57 Bn in 2017 and is projected to register the highest CAGR of 31.1% during the review period.
Platforms, where the technology is expected to be used, include android based, iOS-based, and others. The Android-based platform dominates the global indoor positioning and navigation system with a market share of 45%. Meanwhile, the iOS-based platform is expected to witness the highest CAGR over the assessment period.
Regional Analysis
North America is expected to grow at a CAGR of 28.3% during the forecast period. The region has a concentration of market players and a high affinity for the adoption of advanced technology. Europe follows the North American market and has a similar growth trajectory over the forecast period. Valued at USD 1.44 Bn, the European market will grow to reach USD 6.39 Bn by the end of 2023. The Asia Pacific will likely grow at the highest CAGR of 34% during the assessment period due to the regions rapidly changing economic scenario, and the demand for advancements equal to those in the West are likely to promote the APAC market. The Rest of the World is also likely to witness high growth during the forecast period due to the potential it represents.
Competitive Tracking
Prominent players profiled in the report for their successful growth strategies include Insoft GmbH, Tersus GNSS Inc., Telit Communications PLC, Septentrio N.V., Galileo Satelite Navigation Ltd., Senion AB, Zebra Technologies Corporation, Trimble Inc., and NovAtel Inc. Innovation in existing technology, competitive pricing, and other strategies are commonly implemented by these market players to increase their respective market shares.
1. Report prologue
2. Introduction
2.1 Definition
2.2 Scope of the study
2.2.1 Research objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market structure
3. Research Methodology
3.1 Research process
3.2 Primary research
3.3 Secondary research
3.4 Market size estimation
3.5 Forecast model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5Macroeconomic Indicators
5. Market factor analysis
5.1 Value chain analysis/Supply chain analysis
5.2 Porters five forces
5.2.1. Bargaining Power of suppliers
5.2.2. Bargaining Power of Customer
5.2.3. Intensity of Competitor’s
5.2.4. Threat of New Entrants
5.2.5 Threat of Substitutes
6. Global Indoor Positioing And Navigation System : By Type
6.1. Introduction
6.2. Market Sub-segments
6.2.1. Indoor location based Analytics
6.2.2.Indoor navigation and maps
7. Global Indoor Positioing And Navigation System : by Technology
7.1. Introduction
7.2. Market Sub-segments
7.2.1. RFID Based
7.2.2. Cellular Based
7.2.3. WLAN(802.11)
7.2.4. Bluetooth(802.15)
7.2.5. Others
8. Global Indoor Positioing And Navigation System : by Verticals
8.1. Introduction
8.2. Market Sub-segments
8.2.1. Consumer Electronics
8.2.2. IT
8.2.3. Healthcare
8.2.4. Transport & Logistics
8.2.5. Entertainment
8.2.6. Others
9. Global Indoor Positioing And Navigation System : by Application
9.1. Introduction
9.2. Market Sub-segments
9.2.1. Navigation
9.2.2. positioning
9.2.3. Location
9.2.4. Geo-fencing
9.2.5. Others
10. Global Indoor Positioing And Navigation System : by Region
10.1. Introduction
10.1.1. North America
10.1.1.1. U.S.
10.1.1.2. Canada
10.1.2. Europe
10.1.2.1. Germany
10.1.2.2. France
10.1.2.3. UK
10.1.2.4. Italy
10.1.2.5. Spain
10.1.2.6. Rest of Europe
10.1.3. Asia-Pacific
10.1.3.1. Japan
10.1.3.2. China
10.1.3.3. India
10.1.3.4. South Korea
10.1.3.5. Rest of Asia-Pacific
10.1.4. Middle East & Africa
11. Competitive landscape
11.1. Introduction
11.1.1. Mergers & Acquisitions
11.1.2. Collaborations
11.1.3. Releases/New Product launches
11.1.4. Other (Expansion/ Updates/Partnerships)
12. Company profile
12.1 Apple Inc. (U.S.)
12.1.1 Company overview
12.1.2 Product/business segment overview
12.1.3 Financial updates
12.1.4 Key Developments
12.2 Google, Inc. (U.S.)
12.2.1. Company Overview
12.2.2. Product/Business Segment Overview
12.2.3. Financials
12.2.4. Key Developments
12.3 Microsoft Corporation (U.S.)
12.3.1. Company Overview
12.3.2. Product/Business Segment Overview
12.3.3. Financials
12.3.4. Key Developments
12.4 ST Microelectronics (Switzerland)
12.4.1. Company Overview
12.4.2. Product/Business Segment Overview
12.4.3. Financials
12.4.4 Key Developments
12.5 Senionlab Ab (Sweden)
12.5.1. Company Overview
12.5.2. Product/Business Segment Overview
12.5.3. Financials
12.5.4. Key Developments
12.6 Ericsson (Sweden)
12.6.1. Company Overview
12.6.2. Product/Business Segment Overview
12.6.3. Financials
12.6.4. Key Developments
12.7 Nokia Corporation (Finland)
12.7.1. Company Overview
12.7.2. Product/Business Segment Overview
12.7.3. Financials
12.7.4. Key Developments
12.8 Cisco Systems Inc (U.S.)
12.8.1. Company Overview
12.8.2. Product/Business Segment Overview
12.8.3. Financials
12.8.4. Key Developments
12.9 Qualcomm Technologies Inc. (U.S.)
12.9.1. Company Overview
12.9.2. Product/Business Segment Overview
12.9.3. Financials
12.9.4. Key Developments
12.10 Zebra Technologies (U.S.)
12.10.1. Company Overview
12.10.2. Product/Business Segment Overview
12.10.3. Financials
12.10.4. Key Developments
13 MRFR Conclusion
14. Appendix
List of Tables
TABLE 1 GLOBAL INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET: BY TYPE
TABLE 2 GLOBAL INDOOR LOCATION ANALYTICSBASED MARKET, BY REGION
TABLE 3 GLOBAL INDOOR NAVIGATIONS & MAPS BASED MARKET, BY REGION
TABLE 4 GLOBAL INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 5 GLOBAL RFID BASED MARKET, BY REGION
TABLE 6 GLOBAL CELLULAR BASED MARKETS, BY REGION
TABLE 7 GLOBAL WLAN (IEEE 802.11) MARKET, BY REGION
TABLE 8 GLOBAL BLUETOOTH (IEEE 802.15) MARKET, BY REGION
TABLE 9 GLOBAL INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 10 GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION
TABLE 11 GLOBAL IT MARKET, BY REGION
TABLE 12 GLOBAL HEALTHCARE MARKETS, BY REGION
TABLE 13 GLOBAL TRANSPORTATION& LOGISTICS MARKET, BY REGION
TABLE 14 GLOBAL ENTERTAINMENT MARKET, BY REGION
TABLE 15 GLOBAL OTHERS MARKET, BY REGION
TABLE 16 GLOBAL INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATIONS
TABLE 17 GLOBAL NAVIGATION BASED MARKET, BY REGION
TABLE 18 GLOBAL POSITIOING BASED MARKET, BY REGION
TABLE 19 GLOBAL LOCATION BASED PROMOTION MARKET, BY REGION
TABLE 20 GLOBAL GEO-FENCING MARKETS, BY REGION
TABLE 21 GLOBAL OTHERS MARKET, BY REGION
TABLE 22 NORTH AMERICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY COUNTRY
TABLE 23 NORTH AMERICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 24 NORTH AMERICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 25 NORTH AMERICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 26 NORTH AMERICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BYAPPLICATION
TABLE 27 U.S. INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 28 U.SINDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 29 U.SINDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 30 U.SINDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATIONS
TABLE 31 CANADA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 32 CANADA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 33 CANADA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 34 CANADA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATIONS
TABLE 35 EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY COUNTRY
TABLE 36 EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 37 EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 38 EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTCIALS
TABLE 39 EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATIONS
TABLE 40 GERMANY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 41 GERMANY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 42 GERMANY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 43 GERMANY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATION
TABLE 44 FRANCE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 45 FRANCE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 46 FRANCE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 47 FRANCE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATION
TABLE 48 U.K. INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 49 U.K. INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 50 U.K. INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTCIALS
TABLE 51 ITALY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 52 ITALY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 53 ITALY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 54 ITALY INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATIONS
TABLE 55 SPAIN INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 56 SPAIN INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 57 SPAIN INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 58 SPAIN INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATION
TABLE 59 REST OF EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY REGION
TABLE 60 REST OF EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TYPE
TABLE 61 REST OF EUROPE INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET,BYAPPLICATION
TABLE 62 ASIA-PACIFIC INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY COUNTRY
TABLE 63 ASIA-PACIFIC INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BYTYPE
TABLE 64 ASIA-PACIFIC INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 65 ASIA-PACIFIC INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 66 ASIA-PACIFIC INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY APPLICATION
TABLE 67 MIDDLE EAST & AFRICA INDOOR POSITIONING AND NAVIGATION MARKET, BYCOUNTRY
TABLE 68 MIDDLE EAST & AFRICA INDOOR POSITIONING AND NAVIGATION MARKET, BY TYPE
TABLE 69 MIDDLE EAST & AFRICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY TECHNOLOGY
TABLE 70 MIDDLE EAST & AFRICA INDOOR POSITIONING AND NAVIGATION SYSTEM MARKET, BY VERTICALS
TABLE 71 MIDDLE EAST & AFRICA INDOOR POSITIONING AND NAVIGATION MARKET, BY APPLICATION
