Indoor mapping inside hospitals has become an important part of the healthcare industry as it has aided staff, patients and visitors with positioning and navigation. With hospital buildings getting more expansive and medical treatment on the rise, indoor positioning and navigation market has generated high demand, according to a new market intelligence report published by IndustryARC. According to the report, healthcare industry is a major end user in the market. The industry has shifted its focus towards the provision of a seamless hospital experience by adopting indoor positioning apps. The analyst has evaluated the market growth and anticipated that the market will grow with a CAGR of 27.9% during the forecast period 2018-2023. With this, the indoor positioning and navigation market is expected to earn a revenue of $29.27 billion by 2023.
The report is titled ‘Indoor Positioning and Navigation Market: By Technology (Magnetic Positioning, Simultaneous Localization and Mapping (SLAM), Global Navigation Satellite System (GNSS), Radio Frequency), By Platform (Android, iOS, Others), By Application (Navigation & Positioning, Location Based Promotion, Geo-Fencing, Asset Tracking, Emergency Services, Others), By Verticals (Aviation, Healthcare, Education, Transportation, Logistics, Automotive, Advertising, Tourism, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Forecast (2018-2023).’ This report has been meticulously prepared by an analyst at IndustryARC who has assessed the market through several parameters including opportunities, market forces, and other relevant information.
Indoor Positioning and Navigation Market: Regional Analysis
The indoor positioning and navigation market is being geographically led by the Americas with an evaluated revenue of $3,630.6 million in 2018. This revenue is estimated by the analyst to rise at a burgeoning CAGR of 28.1% through 2023. These statistics are reflective of the prominence of research, development, and technological progression occurring in the fields of healthcare, warehousing, logistics, transportation systems, and others in the Americas. Adoption of indoor positioning and navigation systems in healthcare industry has been a major growth driver for the market. They are used for automatic patient check-ins, tracking of disabled patients, and others.
Indoor Positioning and Navigation Market: Disruptive Trends
· RTLS (Real Time Location System)
RTLS is a new technology developed by AiRISTA LLC which uses signal strengths to determine location of tagged assets and personnel based on patented technologies. It runs on an algorithm that provides highly accurate information by using latitude and longitude data of a particular location.
· Google Indoor Maps
Alphabet Inc., Google’s parent company recently launched Google Indoor Maps which provide floor to floor design and information about different buildings. Another key application launched by the company is Eddystone that acts as a beacon for low energy using Bluetooth technology.
Indoor Positioning and Navigation Market: Competitive Landscape
The growth of the indoor positioning and navigation market is dependent on a lot of companies that are responsible for the recent developments in the market. These companies include Aeroscout Industrial, AiRista LLC, Alphabet Inc, Apple Inc., Cisco Systems Inc., Here Holdings Corporation, Hewlett Packard Enterprise, Insiteo SAS, Micello Inc., Qualcomm Technologies Inc., Shopkick, and Zebra Technologies.
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A. Vision Positioning System Market
What can you expect from the report?
The Indoor Positioning and Navigation Market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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