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Showing posts with the label Indoor Location Market

Significance of Indoor Location Systems in Our Daily Lives

Before Google maps, people used to travel with actual maps to find their way outs. But nowadays, it is challenging to imagine our life and daily traveling without any assistance from Google Maps that use a satellite-based Global Positioning System (GPS) to provide an accurate position outdoor. However, GPS & satellite technologies lack precision or miserably fail the moment you enter underground parking, a shopping mall, or an airport because there isn’t any visual contact with the satellites due to the walls and roof of the building. The same thing happens in cities with high-rise buildings, such as New York. These buildings shield the view to the sky such that only a few satellites are directly able to send signals without any hindrance. These buildings reflect GPS signals, which, in turn, causes signal delays, and thus, the GPS chip incorrectly calculates the position. To solve this problem, Indoor Positioning is gaining immense popularity worldwide. Indoor location syst...

Indoor Location Market Growth, Demand, Trends, and Future Opportunities by 2026- MarkNtel Advisors

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The Global Indoor Location Market Research Report provides a detailed analysis of industry size, share, segmentation, competitive landscape, value chain optimization, trade regulations, historical data & recent developments, strategic market growth analysis, and product launches while considering the Covid-19 impact on the Global Indoor Location Market. The  Global Indoor Location Market is expected to grow with around 38% CAGR in the forecast period of 2021-26. The growth of the Indoor Location industry owes to the significant rise in smartphone-connected devices, rapid digitalization, and escalating number of applications powered by Bluetooth Low Energy (BLE) tags. Besides, increasing technological advancements in smartphones, growing penetration of the global positioning system (GPS) technology, and a boost in government inclination to improve positioning for public safety are other critical aspects likely to fuel the overall market growth in the ...