Latin America Indoor Positioning And Indoor Navigation Market Size & Outlook
The indoor positioning and indoor navigation market in Latin America is expected to reach a projected revenue of US$ 6,595.2 million by 2030. A compound annual growth rate of 38.9% is expected of Latin America indoor positioning and indoor navigation market from 2025 to 2030.
Revenue, 2024 (US$M)
$992.1
Forecast, 2030 (US$M)
$6,595.2
CAGR, 2025 - 2030
38.9%
Report Coverage
Latin America
Latin America indoor positioning and indoor navigation market, 2018-2030 (US$M)
Related Markets
Latin America indoor positioning and indoor navigation market highlights
- The Latin America indoor positioning and indoor navigation market generated a revenue of USD 789.8 million in 2023.
- The market is expected to grow at a CAGR of 35.4% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 789.8 million |
| Market revenue in 2030 | USD 6,595.2 million |
| Growth rate | 35.4% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
| Key market players worldwide | Apple Inc, Cisco Systems Inc, Ekahau, Alphabet Inc Class A, HERE Technologies Chicago, Honeywell International Inc, IndoorAtlas, Mappi International, NavVis, Microsoft Corp, Point Inside, Samsung Electronics Co Ltd, Ubisense, Siemens AG, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global indoor positioning and indoor navigation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,773.3 million by 2030.
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Indoor Positioning and Indoor Navigation Market Scope
Indoor positioning and indoor navigation market segmentation & scope
Healthcare
Retail
Manufacturing
Travel & Hospitality
Office Spaces
Public Spaces
Logistics & Warehouses
Others
Indoor Positioning and Indoor Navigation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America indoor positioning and indoor navigation market size, by country, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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