AR Indoor Navigation Market Size, Share and Global Market Forecast to 2030| MarketsandMarkets

AR Indoor Navigation Market - Global Forecast to 2030

Report Code: UC 6476 Aug, 2024, by marketsandmarkets.com

The AR indoor navigation market is currently witnessing remarkable growth, with projections indicating a substantial increase in market size. Estimates suggest a notable expansion from its value of USD 0.35 billion in 2024 to USD 2.64 billion by 2030, reflecting a robust CAGR of 40.0% over the forecast period. AR indoor navigation provides a more interactive and engaging user experience than traditional navigation methods. It allows users to visualize and interact with their surroundings in real time, improving navigation accuracy and efficiency. Various industries, such as retail, healthcare, manufacturing, and logistics, are adopting AR indoor navigation to improve operational efficiency, enhance customer experience, and streamline processes.

AR Indoor Navigation Market

To know about the assumptions considered for the study, Request for Free Sample Report

Market Dynamics

Driver: Advancements in AR Technology

AR (Augmented Reality) technology has been significant, driving the evolution of AR indoor navigation and its applications across various industries. These advancements reshape how AR is integrated into everyday experiences, making it more accessible, practical, and powerful. Where AR devices such as smart glasses, headsets, and mobile devices have seen improvements in display quality, processing power, and form factor, these advancements have made AR more immersive and comfortable for users, enabling them to interact with digital content seamlessly overlaid onto the physical environment.

Restraint: The adoption of AR indoor navigation is the inherent complexity of indoor environments.

Navigating accurately in complex indoor spaces using AR technology requires advanced mapping, tracking, and localization capabilities. The technology must map and recognize the indoor environment in real-time, understand the user's position and orientation, and provide accurate navigation instructions despite the complexities of the surroundings. The complexity of indoor environments can also pose challenges for maintaining the accuracy and reliability of AR indoor navigation systems. Changes in the environment, such as moving objects or temporary structures, can impact the effectiveness of navigation instructions if not accounted for in real time.

Opportunity: The integration of AR indoor navigation with IoT and smart building technologies

Integrating AR indoor navigation with IoT devices and sensors can provide users with enhanced navigation capabilities and interactive experiences. By leveraging data from IoT sensors, such as beacons or environmental sensors, AR navigation systems can offer real-time information about the surrounding environment, including factors like temperature, humidity, and occupancy, to enhance the user experience. Additionally, integrating AR indoor navigation with IoT devices can enable interactive features such as augmented reality overlays that display contextual information about points of interest within the indoor environment. For example, users could point their devices at a specific location in a museum, and AR overlays could provide detailed information about the exhibit or artwork they are viewing. In retail, AR overlays could display product information, pricing, or promotions when users point their devices at items on shelves.

Challenge: Data Integration and Management

Integrating data from various IoT sensors and devices into AR indoor navigation systems requires robust data integration and management processes. This involves collecting data from IoT devices, such as beacons or environmental sensors, and integrating it with the AR navigation system's data infrastructure. IoT devices often use different data formats and communication protocols, making standardizing and integrating data streams challenging. Data from diverse sources must be harmonized and processed to ensure compatibility and consistency within the AR navigation system.

AR Indoor Navigation Market Ecosystem

Top Companies in AR Indoor Navigation Market

By offering, the AR indoor navigation hardware segment to account for a significant market size during forecast period.

AR indoor navigation hardware is expected to claim the largest market share in 2024. AR indoor navigation encompasses the physical devices and components required to enable augmented reality-based navigation and positioning within indoor environments. These devices serve as the primary interface for AR indoor navigation applications. They provide the display for AR overlays, processing power for running AR software, and connectivity for accessing location data and content.

By vertical, hospitals and healthcare facilities are slated to witness the highest growth rate during the forecast period.

The hospitals and healthcare facilities segment is experiencing notable growth in the AR indoor navigation market. Augmented reality (AR) transforms how we navigate indoor spaces, and hospitals and healthcare facilities are no exception. AR indoor navigation offers a variety of benefits for both patients and staff, making it a promising technology for the future of healthcare. AR can be beneficial for patients with disabilities or limited mobility. It can guide them to accessible entrances, elevators, and restrooms, making the hospital experience more inclusive. AR can overlay additional information on top of the real world, such as points of interest, wait times, and even educational content about their condition. This can make the hospital experience more engaging and informative for patients.

By region, Asia Pacific is set to experience a rapid growth rate during the forecast period.

Asia Pacific is swiftly establishing itself as the fastest-growing hub in the AR indoor navigation market, with several key factors driving its expansion. The Asia Pacific region is home to over half of the world's population, which is expected to grow in the coming years. This growing population creates a strong demand for efficient indoor navigation solutions in the healthcare, retail, and transportation sectors. Countries like China, Japan, and South Korea are investing heavily in technology, driving the development and usage of AR solutions. These countries are also home to some of the world's leading technology companies actively developing and deploying AR indoor navigation solutions.

Key Market Players

The AR indoor navigation solution and service providers have implemented various organic and inorganic growth strategies, such as new product launches, product upgrades, partnerships, agreements, business expansions, and mergers and acquisitions, to strengthen their offerings in the market. Some major players in the AR indoor navigation market include Apple (US), Google (US), IndoorAtlas (Finland), Pointr (UK), MazeMap (Norway), NavVis (Germany), Maze Engineers (US), Blippar (UK), TomTom (Netherlands), Esri (US), Situm (Spain), MobiDev (US).

Recent Developments:

In December 2023, TomTom, a leading location technology specialist and AI map it, announced a global partnership. This collaboration centers on delivering image repository and AI services to clients worldwide, marking an exciting venture for both organizations.
In October 2023, Google Maps enhanced the feature for immersive views for routes and other AI features. These Maps updates make it easier to plan and navigate with new search and exploration methods.
In January 2023, Apple Maps gained a new tool, Apple Business Connect; it will now allow business owners to update and manage their information on the platform, including key details like business hours and location, photos, logos, special offers, promotions, and more.
In July 2023, ExpoFP and indoor positioning platform IndoorAtlas announced a joint development: interactive floor plans with accurate indoor positioning and wayfinding.
In July 2022, Esri launched the indoor positioning system ArcGIS IPS, which improves operational efficiency and safety. ArcGIS IPS enables real-time indoor location services through Esri’s ArcGIS Indoors mobile application and in custom apps built with ArcGIS Runtime SDKs.
In October 2023, TomTom announced a new partnership with Flow Labs. This AI-powered transportation data platform offers high traffic data accuracy to enhance transport safety, equity, mobility, and environmental sustainability.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION

1.1 OBJECTIVE OF THE STUDY

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 MARKET SCOPE

1.3.1 MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.3.3 YEARS CONSIDERED FOR THE STUDY

1.4 CURRENCY CONSIDERED

1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA

2.1.1 SECONDARY DATA

2.1.1.1 KEY DATA FROM SECONDARY SOURCES

2.1.2 PRIMARY DATA

2.1.2.1 KEY DATA FROM PRIMARY SOURCES

2.1.2.2 KEY INDUSTRY INSIGHTS

2.1.2.3 BREAKDOWN OF PRIMARY INTERVIEWS

2.2 MARKET BREAKUP AND DATA TRIANGULATION

2.3 MARKET SIZE ESTIMATION

2.2.1 BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.4 MARKET FORECAST

2.5 ASSUMPTIONS FOR THE STUDY

2.6 LIMITATIONS OF THE STUDY

2.7 IMPACT OF RECESSION ON GLOBAL AR INDOOR NAVIGATION MARKET

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN AR INDOOR NAVIGATION MARKET

4.2 MARKET: MARKET SHARE ACROSS APPLICATION

4.3 MARKET: BY END USER

4.4 AMARKET: BY OFFERING

4.5 AR INDOOR NAVIGATION MARKET: BY TECHNOLOGY

5 MARKET OVERVIEW AND INDUSTRY TRENDS

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

5.2.1 DRIVERS

5.2.2 RESTRAINTS

5.2.3 OPPORTUNITIES

5.2.4 CHALLENGES

5.3 INDUSTRY TRENDS

5.3.1 ECOSYSTEM ANALYSIS

5.3.2 BRIEF HISTORY OF AR INDOOR NAVIGATION TECHNOLOGY

5.3.3 TECHNOLOGY IMPACT

5.3.3.1 ARTIFICIAL INTELLIGENCE

5.3.3.2 MACHINE LEARNING

5.3.3.3 CLOUD COMPUTING

5.3.3.5 INTERNET OF THINGS

5.3.3.6 BLOCKCHAIN

5.3.4 CASE STUDY ANALYSIS

5.3.5 REGULATORY LANDSCAPE

5.3.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.3.6 VALUE CHAIN ANALYSIS

5.3.7 PORTER’S FIVE FORCES ANALYSIS

5.3.7.1 THREAT OF NEW ENTRANTS

5.3.7.2 THREAT OF SUBSTITUTES

5.3.7.3 BARGAINING POWER OF SUPPLIERS

5.3.7.4 BARGAINING POWER OF BUYERS

5.3.7.5 INTENSITY OF COMPETITIVE RIVALRY

5.3.8 KEY CONFERENCES AND EVENTS IN 2023-2024

5.3.9 KEY STAKEHOLDERS AND BUYING CRITERIA

5.3.9.1 KEY STAKEHOLDERS IN BUYING PROCESS

5.3.9.2 BUYING CRITERIA

5.3.10 PRICING ANALYSIS

5.3.10.1 AVERAGE SELLING PRICE TREND

5.3.10.2 AVERAGE SELLING PRICE OF KEY PLAYERS BY APPLICATION

5.3.11 PATENT ANALYSIS

5.3.11.1 LIST OF MAJOR PATENT

5.3.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS BUSINESS

5.3.12.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR END USERS TECHNOLOGY

5.3.13 TECHNOLOGY LANDSCAPE OF AR INDOOR NAVIGATION MARKET

5.3.13.1 SHORT-TERM (2023-2025)

5.3.13.2 MID-TERM (2025-2028)

5.3.13.3 LONG-TERM (2028-2030)

5.3.14 COMPARISION OF MARKER-BASED AR AND MARKERLESS AR FOR MARKET

6 AR INDOOR NAVIGATION MARKET, BY OFFERING

6.1 INTRODUCTION

6.1.1 OFFERING: MARKET DRIVERS

6.2 SOFTWARE

6.2.1 MAPPING AND LOCALIZATION SOFTWARE

6.2.2 NAVIGATION AND WAYFINDING SOFTWARE

6.3 HARDWARE

6.4 SERVICES

6.4.1 CONSULTING SERVICES

6.4.2 SUPPORT AND MAINTENANCE

6.4.3 DEPLOYMENT AND INTEGRATION

7 AR INDOOR NAVIGATION MARKET, BY TECHNOLOGY

7.1 INTRODUCTION

7.1.1 TECHNOLOGY: MARKET DRIVERS

7.2 BEACON-BASED INDOOR NAVIGATION

7.3 BUILT-IN MOBILE SENSORS

7.4 AR CLOUD

7.5 AR MARKERS

8 AR INDOOR NAVIGATION MARKET, BY APPLICATION

8.1 INTRODUCTION

8.1.1 APPLICATION: MARKET DRIVERS

8.2 REAL-TIME LOCATION DATA MANAGEMENT

8.3 ROUTING AND NAVIGATION

8.4 ASSET TRACKING

8.5 REVERSE GEOCODING

8.6 OTHER APPLICATIONS

9 AR INDOOR NAVIGATION MARKET, BY END USER

9.1 INTRODUCTION

9.1.1 END USER: MARKET DRIVERS

9.2 RETAIL AND SHOPPING MALLS

9.3 AIRPORTS AND TRANSPORTATION HUBS

9.4 HOSPITALS AND HEALTHCARE FACILITIES

9.5 CORPORATE OFFICES AND COMMERCIAL BUILDINGS

9.6 MUSEUMS AND CULTURAL INSTITUTIONS

9.7 EDUCATIONAL INSTITUTIONS

9.8 GOVERNMENT BUILDINGS

9.9 MANUFACTURING UNITS

9.10 OTHERS

10 AR INDOOR NAVIGATION MARKET, BY GEOGRAPHIC ANALYSIS

10.1 INTRODUCTION

10.2 NORTH AMERICA

10.2.1 NORTH AMERICA: MARKET DRIVERS

10.2.2 NORTH AMERICA: IMPACT OF RECESSION

10.2.3 UNITED STATES

10.2.4 CANADA

10.3 EUROPE

10.3.1 EUROPE: MARKET DRIVERS

10.3.2 EUROPE: IMPACT OF RECESSION

10.3.3 UNITED KINGDOM

10.3.4 FRANCE

10.3.5 GERMANY

10.3.6 ITALY

10.3.7 SPAIN

10.3.8 REST OF EUROPE

10.4 ASIA PACIFIC

10.4.1 ASIA PACIFIC: MARKET DRIVERS

10.4.2 ASIA PACIFIC: IMPACT OF RECESSION

10.4.3 CHINA

10.4.4 JAPAN

10.4.5 SOUTH KOREA

10.4.6 INDIA

10.4.7 AUSTRALIA AND NEW ZEALAND

10.4.8 REST OF ASIA PACIFIC

10.5 MIDDLE EAST AND AFRICA

10.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS

10.5.2 MIDDLE EAST AND AFRICA: IMPACT OF RECESSION

10.5.3 KSA

10.5.4 UAE

10.5.5 ISRAEL

10.5.6 TURKEY

10.5.7 QATAR

10.5.8 SOUTH AFRICA

10.5.9 REST OF MIDDLE EAST AND AFRICA

10.6 LATIN AMERICA

10.6.1 LATIN AMERICA: MARKET DRIVERS

10.6.2 LATIN AMERICA: IMPACT OF RECESSION

10.6.3 BRAZIL

10.6.4 MEXICO

10.6.5 ARGENTINA

10.6.6 REST OF LATIN AMERICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION

11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN

11.3 MARKET SHARE ANALYSIS

11.3.1 HISTORIC REVENUE ANALYSIS

11.4 MARKET RANKING ANALYSIS

11.5 COMPETITIVE SCENARIOS AND TRENDS

11.5.1 NEW LAUNCHES

11.5.2 DEALS

11.5.3 OTHERS

11.6 COMPANY EVALUATION QUADRANT

11.6.1 DEFINITIONS AND METHODOLOGY

11.6.2 STARS

11.6.3 EMERGING LEADERS

11.6.4 PERVASIVE

11.6.5 PARTICIPANTS

11.7 STARTUP/SME EVALUATION MATRIX

11.7.1 DEFINITIONS AND METHODOLOGY

11.7.2 PROGRESSIVE

11.7.3 RESPONSIVE

11.7.4 DYNAMIC

11.7.5 STARTING BLOCKS

11.8 COMPETITVE BENCHMARKING

11.9 PRODUCT BENCHMARKING

12 COMPANY PROFILES

12.1 INTRODUCTION

12.2 KEY PLAYERS

12.2.1 GOOGLE

12.2.1.1 Business and Financial overview

12.2.1.2 Recent developments

12.2.1.3 MNM VIEW

12.2.1.3.1 Key strengths/right to win

12.2.1.3.2 Strategic choices made

12.2.1.3.3 Weaknesses and competitive threats

12.2.2 APPLE

12.2.2.1 Business and Financial Overview

12.2.2.2 Recent developments

12.2.2.3 MNM VIEW

12.2.2.3.1 Key strengths/right to win

12.2.2.3.2 Strategic choices made

12.2.2.3.3 Weaknesses and competitive threats

12.2.3 NEARMAP

12.2.3.1 Business and Financial Overview

12.2.3.2 Recent developments

12.2.3.3 MNM VIEW

12.2.3.3.1 Key strengths/right to win

12.2.3.3.2 Strategic choices made

12.2.3.3.3 Weaknesses and competitive threats

12.2.4 TOMTOM

12.2.4.1 Business and Financial Overview

12.2.4.2 Recent Developments

12.2.4.3 MNM VIEW

12.2.4.3.1 Key strengths/right to win

12.2.4.3.2 Strategic choices made

12.2.4.3.3 Weaknesses and competitive threats

12.2.5 ESRI

12.2.5.1 Business and Financial Overview

12.2.5.2 Recent Developments

12.2.5.3 MnM View

12.2.5.3.1 Key strengths/right to win

12.2.5.3.2 Strategic choices made

12.2.5.3.3 Weaknesses and competitive threats

12.2.6 INRIX

12.2.6.1 Business and Financial Overview

12.2.6.2 Recent developments

12.2.7 INGCO INTERNATIONAL

12.2.7.1 Business and Financial Overview

12.2.7.2 Recent developments

12.2.8 HPE

12.2.8.1 Business and Financial Overview

12.2.8.2 Recent developments

12.2.9 SERVICENOW

12.2.9.1 Business and Financial Overview

12.2.9.2 Recent developments

12.2.10 HYPER AR

12.2.10.1 Business and Financial Overview

12.2.10.2 Recent developments

12.2.11 COMPANY NAME 11

12.2.12 COMPANY NAME 12

12.2.13 COMPANY NAME 13

12.2.14 COMPANY NAME 14

12.2.15 COMPANY NAME 15

12.2.16 COMPANY NAME 16

12.2.17 COMPANY NAME 17

12.2.18 COMPANY NAME 18

12.2.19 COMPANY NAME 19

12.2.20 COMPANY NAME 20

12.2.21 COMPANY NAME 21

12.2.22 COMPANY NAME 22

12.2.23 COMPANY NAME 23

12.2.24 COMPANY NAME 24

12.2.25 COMPANY NAME 25

12.2.26 COMPANY NAME 26

12.2.27 COMPANY NAME 27

12.2.28 COMPANY NAME 28

12.2.29 COMPANY NAME 29

12.2.30 COMPANY NAME 30

13 APPENDIX

13.1 DISCUSSION GUIDE

13.2 AVAILABLE CUSTOMIZATIONS

13.3 RELATED REPORTS

Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).

5 7 6 3 0

Manage preferences :

Select all
News-Letters with latest Market insights
Information & discussion on the relevant new products and services
Information & discussion on Market insights and Market information
Information & discussion on our events and conferences
Preferred modes for discussion
- Select all
- Email Phone Professional and social network (Linkedin, etc)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.