Indoor Positioning and Navigation Market - Forecast(2021 - 2026)
Indoor Positioning and Navigation Market Overview: The global Indoor Positioning and Navigation market was valued at $6.92 billion in 2017 and is projected to grow to $23.6 billion in 2023 at a CAGR of 27.9%. Developed countries in North America and Europe remain the largest market for Indoor Positioning and Navigation Systems sales which accounts for a major share in the global market. The USA is a major market in for Indoor Positioning and Navigation in Americas accounting around 40% share in the global market. The market in the USA was valued at $2.78 billion in 2017 and is anticipated to grow to $9.58 billion in 2023 at a CAGR of 28.1%. In the Asia Pacific, China and Japan are the major contributors in this market. The market in the Asia Pacific is rapidly growing owing to the increased penetration and growing applications of indoor positioning and navigation in aviation, healthcare, logistics etc., at a CAGR of 31.8% and it is expected to reach $7.52 billion by 2023. The Europe