Navigant Research Report Shows Global Revenue for Lighting-Based Indoor Positioning Systems Is Expected to Exceed $3 Billion in 2027

Visible light communication and Bluetooth Low Energy are the two
most common technologies available for lighting-based IPS

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/IPS?src=hash” target=”_blank”gt;#IPSlt;/agt;–A new report from Navigant
Research
analyzes the global market for lighting-based indoor
positioning systems (IPS), including hardware, software, and services
within commercial buildings, while providing global market forecasts for
revenue through 2027.

Location-based services and mapping via global positioning systems (GPS)
is commonplace in the outdoor environment, and in recent years, these
functionalities have begun to transition indoors through lighting
systems. IPS are often viewed as GPS for the built environment,
leveraging advances in the Internet of Things (IoT) for lighting concept
to provide value to facility owners, managers, and corporations, as well
as building occupants, such as employees within an office building or
shoppers in a retail store. Click
to tweet
: According to a new report from @NavigantRSRCH,
global revenue for lighting-based IPS is expected to increase from
$387.7 million in 2018 to $3.3 billion in 2027.

“Lighting-based IPS is a nascent market, but strong growth is expected
over the next 10 years,” says Krystal Maxwell, senior research analyst
at Navigant Research. “North America and Europe are driving this market,
as there is an increased interest in enhancing the occupant and shopper
experience, improving operational efficiencies, and increasing energy
savings. These factors, coupled with technological advancements, provide
the potential for this market.”

Enabling IPS are various technologies, ranging from Wi-Fi to Bluetooth
beacon technology. According to the report, visible light communication
(VLC) and Bluetooth Low Energy (BLE) are currently the two most common
technologies available for a lighting-based IPS.

The report, Lighting-Based
Indoor Positioning Systems
, analyzes the global market for
lighting-based IPS, including hardware, software, and services within
commercial buildings. The study provides an overview of prevalent
technologies for lighting-based IPS, examines use cases, and provides
case studies highlighting location-based services in select building
types. Market issues including key drivers and barriers of
lighting-based IPS in commercial buildings are also covered. Global
market forecasts for revenue segmented by offering type (hardware,
software, and services), building type, and region extend through 2027.
An Executive Summary of the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Lighting-Based Indoor Positioning Systems, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com