Asia-Pacific IPIN market is estimated to grow at an impressive rate of 30.1% during the forecast period. The growth of the market is due to a significant contribution from economies such as China, India, and Japan. China has a significant contribution to the IPIN market since there are significant smartphone users in the region coupled with the wide availability of the internet. The significance of IoT in connecting devices for establishing a connection between other devices has been positively influencing the market growth. Technological advancements in smartphones and rising smartphone users have further augmented the connectivity of objects through IoT in various places such as shopping malls, airports, and other public places.
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Moreover, the growing demand for the IPIN system coupled with cohesive government initiatives for smart city projects within the emerging economies will drive the IPIN market in the near future. According to United Parcel Service (UPS) and the United States’ Consumer Technology Association, in March 2018, the smart cities possess the potential to become a major global development sector in the Asia Pacific. The region has been backed by advanced technologies, rapid urbanization and government support, which are essentially required in the development of smart cities within the region.
Asia-Pacific 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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Asia-Pacific 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
