Global Indoor Positioning and Navigation System Market is being growing steadily from past couple of years. The key drivers of this market include increasing customer awareness. IPIN technology is replacing GPS technology and government initiatives, which are the biggest revenue generators for indoor positioning and indoor navigation (IPIN) market.
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Indoor Positioning and Navigation System (IPIN) Market:
In a scenario where people spend most of their time indoors or inside closed environments, it is very important to have a technology that can help them navigate the places. IPIN technologies make use of sensors, magnetic positioning, and bluetooth low energy (BLE) technology to accurately track users inside closed spaces. IPIN can help people navigate through large environments such as offices, hospitals, museums, university campuses, railway stations and airports.
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The major participants of this market are Apple Inc. (U.S), Google Inc. (U.S), Microsoft Corp (U.S) , Cisco System Inc. (U.S), Qualcomm Technologies Inc. (U.S.), Ericsson (Stockholm, Sweden), Zebra Technologies (U.S.), SenionLab AB (Sweden), and STMicroelectronics N.V. (Switzerland) , Teldio Corp. (Kanata, Canada), Skyhook Wireless Inc. (Boston, USA), Navizon Inc. (Florida, USA) and Indoor Atlas Ltd. (USA) among others.
According to the report, one of the key drivers leading to high market growth is increasing attractiveness of people towards emerging technologies and gathering of accurate information about the surroundings. Also, increasing steps towards safe environment is driving this market to grow in the forecast period.
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Market Research Analysis:
Market Research Future Analysis shows that Indoor Positioning and Navigation Market is growing steadily and during the forecast period, it is expected to grow at CAGR of ~30%. Upcoming trends in the electronic and manufacturing industry with respect to autorotation and deployment of technology is expected to lead the market at new heights.
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