UK IPIN market is estimated to grow at an impressive rate of 28.2% during the forecast period to reach $678 million in 2025 from $111 million in 2018. The location market is growing rapidly, driven by numerous key factors including IPS (Intrusion Prevention System) deployments to develop location-based apps. Throughout the region, there are increasing extensive systems of interconnected buildings being built including airports, shopping centers, office buildings, and metro/underground stations. It is increasingly becoming essential to find a solution for indoor navigation.
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In UK, several technologies such as Wi-Fi-based positioning, ultra-wideband indoor positioning, and Bluetooth beacon positioning, in particular, have been gaining prominence. These technologies are incorporated into positioning solutions. For instance, in 2017, 2,000 battery-powered beacons were placed in Gatwick Airport, London, to generate indoor navigation and provide location data to customers traveling through. The beacon positioning allows customers to turn on an AR (augmented reality) application to follow the arrows shown on the camera’s view, as well as translate signs into different dialects. The system at London airport reportedly supported the positioning with the accuracy of +/- 3m.
The UK IPIN market is segmented on the basis of product, type, and application. Based on the type, the market is bifurcated into indoor location-based analytics and indoor navigations & maps. On the basis of technology, the market is further segmented into Bluetooth, Wi-Fi, Ultra-Wideband Technology, and Others. During the forecast period, the market of Bluetooth in IPIN systems is estimated to have a major market share at the highest CAGR due to the significant adoption of the beacon technology in IPIN systems. Further, on the basis of application, the market is segmented into healthcare retail, manufacturing, energy and utilities, and others.
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UK IPIN Market- Segmentation
By Type
- Indoor Navigation & Maps
- Indoor Analytics
By Technology
- Bluetooth
- Wi-Fi
- Ultra-Wideband Technology
- Others (Magnetic Positioning)
By Application
- Healthcare
- Retail
- Manufacturing
- Energy and Utilities
- Others (Transportation)
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