USD 9.72 Billion
Indoor Location Market Size, Share, and Growth Analysis
Indoor Location Market By Component (Hardware, Solutions), By Technology (Bluetooth Low Energy (BLE), Wi-Fi), By Application, By Vertical, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45B2173 |
Region:
Global |
Published Date: December, 2024
Pages:
163
|Tables:
0
|Figures:
0
Format -
Indoor Location Market Insights
Indoor Location Market size was valued at USD 9.72 Billion in 2023 and is poised to grow from USD 11.12 Billion in 2024 to USD 28.53 Billion by 2032, growing at a CAGR of 14.4% during the forecast period (2025-2032).
Rapidly increasing demand for indoor asset management solutions and technologies around the world is forecasted to uplift the demand for indoor location over the coming years. Growing use of indoor navigation systems and solutions for multiple large spaces is also expected to create new opportunities for indoor location companies in the future. High investments in the development of smart buildings and infrastructure coupled with rising use of Internet of Things (IoT) devices will also offer attractive business scope for indoor location companies going forward. Increasing emphasis on improving customer experience and growing demand for personalized experiences are also slated to promote the adoption of indoor location technologies and solutions through 2031 and beyond. Advancements in connectivity technologies are also expected to offer new business scope for indoor location providers in the long run. However, slow adoption in certain industry verticals, lack of standardization, high costs of deployment, and technical limitations in complex environments are slated to key restraints for market development in the future.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
RFID
Fastest Growth
BLE
Growth Rate
14.4% CAGR
Global Indoor Location Market ($ Bn)
Country Share for North America Region (%)
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Indoor Location Market Segments Analysis
Global Indoor Location Market is segmented by Component, Technology, Application, Vertical and region. Based on Component, the market is segmented into Hardware (Beacons, Tags, Sensors, Fixed RFID Readers, Other), Solutions (Indoor Tracking, Indoor Navigation, Database Management System), Services (Professional Services, Managed Services). Based on Technology, the market is segmented into Bluetooth Low Energy (BLE), Ultra-Wideband, Wi-Fi, Radio-Frequency Identification (RFID), Magnetic Positioning, Other Technologies. Based on Application, the market is segmented into Emergency Response Management, Sales & Marketing Optimization, Remote Monitoring, Predictive Asset Maintenance, Supply Chain Management, Inventory Management, Other Applications. Based on Vertical, the market is segmented into Retail, Travel and Hospitality, Media & Entertainment, Transportation & Logisticsm, Government & Public Sector, Manufacturing, Healthcare & Pharmaceuticals, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Technology
RFID (Radio-Frequency Identification) is forecasted to emerge as the most widely used technology for indoor location solutions. The simplicity and high affordability of RFID technology makes it a mainstay in any kind of tracking system irrespective of it being outdoor or indoor. Easy availability of RFID tags and scanners coupled with their easy maintenance makes them a highly coveted technology in the global indoor location market. Advancements in RFID technologies and growing awareness regarding the benefits of the same are also expected to further aid the dominance of this segment through 2031. Patient monitoring, library management, and student monitoring are some key applications where RFID technology is used.
Meanwhile, the demand for BLE (Bluetooth Low Energy) technology is projected to increase at a rapid pace in the global indoor location market. High effectiveness of BLE technology and low costs are helping it gain traction among indoor location providers. Advancements in BLE technology and its ability to point out and track almost all Bluetooth enabled devices such as smartphones and other digital devices are helping it gain popularity in the global market. Growing demand for low energy indoor location systems and solutions is estimated to aid market growth via this segment across the study period and beyond.
Analysis by End User
Transportation and logistics are forecasted to emerge as the largest segment for indoor location companies in the future. The growing need for better indoor navigation in large transportation establishments such as railway stations, subway stations, and airports is projected to help the dominance of this segment over the coming years. Rising emphasis on improving logistics operations and high demand for automation in the same are also expected to drive up the demand for indoor location in this segment going forward. The emphasis on enhancing customer experience in transportation is also expected to promote the demand for indoor location solutions and technologies in the future.
On the other hand, the demand for indoor location in the retail and e-commerce segments is slated to rise at a robust pace. Growing demand for personalized customer experience in the retail industry and the need for better indoor navigation in hypermarkets, malls, and supermarkets are slated to help this segment generate multiple new opportunities for indoor location companies in the future. Booming e-commerce activity around the world is also estimated to create new opportunities for indoor location companies in the long run. Use of indoor location to analyze customer behavior and gain meaningful insights is also expected to bolster market growth via this segment going forward.
Global Indoor Location Market By Technology
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Indoor Location Market Regional Insights
North America is forecasted to emerge as the leader in terms of global indoor location demand outlook. The growing establishment of large structures and the need for better indoor navigation in them is helping the dominance of this region. Increasing investments in the development of smart cities, growing demand for asset tracking in multiple organizations, and quick adoption of advanced technologies are other factors that are forecasted to help bolster the demand for indoor location in North America. Canada and the United States are slated to emerge as the most opportune markets for all indoor location companies in this region going forward.
Rising proliferation of advanced digital technologies and growing use of asset tracking across multiple industry verticals is expected to make the Asia Pacific region the most opportune market in the world. Rising availability of novel indoor location technologies and solutions and their increasing adoption by different organizations will also create new opportunities for indoor location companies in the future. Japan, China, and India are estimated to emerge as highly opportune markets for indoor location providers in this region. Emphasis on customer experience enhancement and development of retail infrastructure will also present new opportunities for indoor location market players in the long run.
Global Indoor Location Market By Region
- Largest
- Fastest
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Indoor Location Market Dynamics
Drivers
High Demand for Indoor Navigation
- Rapidly increasing demand for indoor navigation systems in large spaces such as airports and malls around the world is projected to bolster the demand for indoor location going forward. Growing emphasis on enhancing customer experience and improving operational efficiency is also contributing to the adoption of indoor navigation systems thereby driving market growth.
Growing Use in Safety and Emergency Management
- Indoor location tracking solutions and services can play a crucial role in handling safety and emergency management for large spaces. For instance, indoor location technology can facilitate better evacuation in a time of need and also help in locating personnel that could be in need of assistance. Thereby increasing emphasis on security is also expected to drive up the demand for indoor location going forward.
Restraints
Slow Adoption in Majority Industry Verticals
- Not all industries have been quick to adopt indoor location technologies and solutions as the healthcare industry has been. Lack of awareness and limited spending potential of certain industries are some key factors that are estimated to slow down the adoption of indoor location over the coming years.
High Costs of Deployment
- Indoor location systems and solutions require a proper infrastructure and network of sensors and beacons connected through Wi-Fi or any other connectivity technology. Developing and deploying such infrastructure is a capital-intensive task and this limits the global indoor location market growth as many organizations do not have the resources to deploy indoor location systems.
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Indoor Location Market Competitive Landscape
Indoor location companies should focus on expanding their business scope across multiple industry verticals in the future. Integration of advanced connectivity technologies to improve the scope of indoor location will also be a key area of interest for all market players. Targeting the healthcare and logistics industries will pay big time for all new as well as established indoor location companies in the long run.
Top Players in Indoor Location Market
- Inpixon
- Microsoft Corporation
- Google LLC
- Cisco Systems, Inc.
- Broadcom Inc.
- HERE Technologies
- Hewlett Packard Enterprise (HPE)
- Zebra Technologies
- Acuity Brands, Inc.
- HID Global Corporation
- Sonitor Technologies AS
- Ubisense Limited
- Mist Systems, Inc.
- AiRISTA
- CenTrak
- IndoorAtlas
- Pozyx Labs
- Kontakt.io
- Quuppa Oy
- Tack One
Recent Developments
- In August 2023, Peter MacCallum Cancer Centre, a hospital in Victoria, Melbourne, Australia announced the launch of its new indoor navigation tool. BindiMaps was launched to help and improve wayfinding in hospitals for patients, staff, and even visitors and works by using Bluetooth beacons and advanced navigation algorithms.
- In July 2022, a new indoor positioning system was launched by Esri. The company specializes in location intelligence and intends to help boost operational efficiency and safety through its new offering called ArcGIS IPS. The new solution will help organizations offer better indoor navigation for visitors as well as personnel working at a facility.
- In January 2022, a new Indoor Map as a service offering was launched by HERE. The company is known for its expertise in location data and technology expertise. HERE can develop an enterprise-grade indoor map within days through the use of its technology and this newly launched service for users.
Indoor Location Key Market Trends
- Integration with Augmented Reality: Indoor location companies should focus on exploring the integration of augmented reality with their offerings to maximize their business scope. AR applications can guide users through indoor spaces by overlaying digital content onto their real-world surroundings. High demand for unique and personalized experiences across the world is slated to help this trend create new opportunities for market players in the long run.
- Employee Productivity and Tracking: Indoor location providers can focus on developing new solutions specifically for tracking employees as emphasis on productivity enhancement rises around the world. Indoor location systems can track employees and their activities, which can further help companies determine their productivity and workplace efficiency as well. Indoor location systems can also help develop smarter work environments.
Indoor Location Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for asset tracking around the world and rising use of indoor navigation solutions are slated to bolster indoor location market development in the future. However, high costs of development and slow adoption are slated to be key constraints slowing down the demand for indoor location in the future. High use of indoor navigation in multiple organizations helps North America account for a dominant share of the global indoor location market. Use of augmented reality could open new avenues of opportunities for new as well as established indoor location companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.72 Billion |
| Market size value in 2032 | USD 28.53 Billion |
| Growth Rate | 14.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Indoor Location Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Indoor Location Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Indoor Location Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Indoor Location Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Indoor Location Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Indoor Location Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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