The Global positioning system (GPS) is widely used all around the world but it is efficient only outside. The GPS utilizing satellite-based GPS signals is widely used all around the world for precise outdoor positioning. However, when it comes to indoor environments, GPS signals are limited in their efficiency in locating people and gathering accurate location data. In order to track objects inside buildings, it is necessary to use an indoor positioning system (IPS) that works both on generally accepted Wi-Fi and Bluetooth Low Energy (BLE) standards and on passive RFID or UWB technologies.
Indoor positioning is a system that allows the detection of objects inside buildings where satellite navigation practically doesn’t work.
The indoor position system is based on beacons or tags that are installed in buildings or placed on tracked objects. Special readers receive signals from these connected devices and send them to the server that processes the obtained data and directs the information with the exact coordinates to the computer or mobile application. Such a indoor positioning solution makes it possible to build routes, send push notifications with advertising or useful tips to users.
Every year, indoor localization systems are becoming increasingly popular among companies worldwide. As of 2023, the volume of the international indoor positioning market was estimated at $10.9 billion. Industry experts predict that by 2028 the average annual growth rate of the market will be 22.3%, and its total value will be estimated at $29.8 billion.
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