No.2900
Indoor Positioning Solutions Market in Japan: Key Research Finding 2021
Indoor Positioning Solutions Market Expected to Reach 4,983 Million Yen for FY2022, 120.7% of Previous Fiscal Year
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic indoor positioning solutions market, and found out the trends by application, the trends of market players, and future perspectives.
Market Overview
Despite the stable growth until then, the domestic indoor positioning solutions market halted in FY2020, declining marginally by 0.3% from the previous fiscal year to yield 3,180 million yen. It is forecasted to return to growth trajectory in FY2021 to generate 4,130 million yen, up 29.9% from the preceding fiscal year. However, although the market maintained its growth even in the COVID-19 situation, it is slightly losing momentum.
As the impact of the pandemic lessens in FY2021, many providers that specialize in solutions for manufacturing industry expect business performance recovery to pre-pandemic level. Moreover, driven by the spread of free-address workspace due to the workstyle reform in midtown offices, the market anticipates expansion further.
Noteworthy Topics
Market Conditions
Bluetooth Low Energy (BLE) is still the most adopted positioning technology. While some companies focus on providing proprietary positioning method, others serve as the system integrator of various positioning methods to suit the needs of users.
Although many providers continue to use Bluetooth Low Energy (BLE) based positioning systems, it should be noted that the domestic market is still in somewhat chaotic situation where no single technology has become the standard.
Future Outlook
In the outlook, the indoor positioning solutions market is valued at 4,130 million yen for FY2021 and is expected to grow by 20.7% to generate 4,983 million yen by FY2022(based on the sales of businesses). It is also estimated to reach 7,624 million yen by FY2024, with 127.5% growth on year-on-year basis. Nevertheless, the pace of growth during these years is likely to differ marginally by customer segment.
Viewing by segment, the businesses for manufacturing and logistics segment may be slightly sluggish compared to the businesses for general offices. Since providers are still studying alternative technologies, it may take some time for the new technology to take over the position of BLE (Bluetooth Low Energy) based technology as a mainstream in the market. In the field of general offices, the market is expected to expand stably for the time being.
Research Outline
2.Research Object： Domestic providers of indoor positioning solutions
3.Research Methogology： Face-to-face interviews by the specialized researchers (including online interviews)
Indoor Positioning Solutions Market
The indoor positioning solution in this research refers to the positioning services/solutions provided for indoor using “indoor positioning technology” and “indoor mapping data”.
The indoor positioning technology is an engineering method to identify location of an object in closed premises where GPS and other satellite technologies may not be reliable, for instance, inside of buildings and underground shopping streets. The technology involves RFID, wireless LAN (Wi-Fi), BLE (Bluetooth Low Energy), UWB (Ultra-Wide Band), ultrasonic waves (inaudible sound), PDR (Pedestrian Dead Reckoning), or communication using visible lights, etc. The indoor mapping information denotes a digital mapping data for navigation apps provided at train stations, airports, and large commercial facilities, which links geolocation to the digital map of the facility.
＜Products and Services in the Market＞
Indoor positioning solutions
Published Report
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