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Market Overview of Global Indoor LBS market:
According to our latest research, the global Indoor LBS market looks promising in the next 5 years. As of 2022, the global Indoor LBS market was estimated at USD 12259.83 million, and it's anticipated to reach USD 44619.96 million in 2028, with a CAGR of 24.02% during the forecast years.
Indoor LBS (Location-based Services) is used to track the location of an object or people within a building, specializing in next-generation mobile solutions and new customer experiences, including indoor location-based services, mapping & way finding, in-store product search, BLE beacons proximity services, and mobile payments.
Indoor LBS is confined to a very limited geography; hence, it uses only wireless networks such as Wi-Fi and wireless local area networks (WLAN), which cover a small area. In addition, indoor LBS requires high accuracy to determine the position of the object or device. As a result, indoor LBS uses positioning technologies based on Wi-Fi, WLAN, ultra-wide band (UWB), Bluetooth, assisted global positioning system (A-GPS), microelectronic mechanical system (MEMS), and other hybrid technologies to determine the location of the searched object.
Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities.
However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.
Region Overview:
North America is projected to account for a considerable share of the Indoor LBS market and is expected to become the largest region by 2027.
Company Overview:
Apple is one of the major players operating in the Indoor LBS market, holding a share of 4.36% in 2022.
Apple
Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. Apple sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, and resellers.
Cisco Systems
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.
Segmentation Overview:
By type, Network-Based Positioning System segment accounted for the largest share of the market in 2021.
Network-Based Positioning System
Network-based positioning systems include WI-FI/Wlan, Ultra-Wide Band (UWB), Bluetooth (BT/BLE), and Radio Frequency Identification (RFID).
Independent Positioning System
Independent positioning systems include Assisted GPS (AGPS) and Microelectronic Mechanical System (MEMS).
Hybrid Positioning System
Hybrid positioning systems are systems for finding the location of a mobile device using several different positioning technologies. Hybrid positioning systems are increasingly being explored for certain civilian and commercial location-based services and location-based media, which need to work well in urban areas in order to be commercially and practically viable.
Application Overview:
The market's largest segment by application is the segment Government, Public Safety and Urban Security, with a market share of 21.84% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Indoor LBS market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Indoor LBS Market Report:
Market Size Estimates: Indoor LBS market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Indoor LBS market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Indoor LBS market
Segment Market Analysis: Indoor LBS market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Indoor LBS market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Indoor LBS Market: Revenue and sales volume of major countries in each region
Indoor LBS Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Indoor LBS market in major regions.
Indoor LBS Industry Value Chain: Indoor LBS market raw materials & suppliers, manufacturing process, distributors, downstream customers
Indoor LBS Industry News, Policies & Regulations
Key players in the global Indoor LBS market are covered in Chapter 12:
Zonith
HERE Maps
Aisle411
Point Inside
Navizon/Accuware
Huace Optical-communications
Apple
Aruba meridian
Locata Corporation
SenionLab
Wifarer
Ekahau
Google/Alphabet
URadio Systems
Ubisense
Shopkick
Insiteo
Rtmap
TRX Systems
Microsoft
Acuity Brands (ByteLight)
Broadcom
Ericsson
Cisco Systems
Qualcomm
Skyhook (TruePosition)
IndoorAtals
Sensewhere
In Chapter 2 and Chapter 15.1, based on types, the Indoor LBS market from 2018 to 2028 is primarily split into:
Network-Based Positioning System
Independent Positioning System
Hybrid Positioning System
In Chapter 3 and Chapter 15.2, based on applications, the Indoor LBS market from 2018 to 2028 covers:
Offices and Commercial Buildings
Government, Public Safety and Urban Security
Healthcare
Travel and Hospitality
Aviation
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Indoor LBS market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028