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Indoor Location Market worth $50.10 billion by 2031 | Report by MarketsandMarkets™

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DELRAY BEACH, Fla., June 17, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Indoor Location Market is projected to grow from USD 18.35 billion in 2026 and to reach USD 50.10 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.

Browse 355 market data Tables and 55 Figures spread through 300 Pages and in-depth TOC on “Indoor Location Market – Global Forecast to 2031”

Indoor Location Market Size & Forecast:

Market Size Available for Years: 2020–20312026 Market Size: USD 18.35 billion2031 Projected Market Size: USD 50.10 billionCAGR (2026–2031): 22.3%

Indoor Location Market Trends & Insights:

The market is witnessing significant growth as organizations increasingly seek real-time visibility of assets, personnel, and operations within indoor environments.By offering, the services segment is expected to register the highest CAGR of 24.2% between 2026 and 2031.By application, the supply chain management segment is expected to dominate the market during the forecast period.By technology, the UWB segment is projected to grow at the fastest rate of 24.3% during the forecast period.By region, Asia Pacific is likely to be the fastest-growing region in the global Indoor Location Market from 2026 to 2031.

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Indoor location technologies are transforming how organizations manage assets, people, and operations within complex indoor environments. The mounting adoption of Bluetooth Low Energy (BLE), Ultra-Wideband (UWB), Wi-Fi, and IoT-enabled solutions enables real-time visibility, navigation, and location intelligence. Industries such as healthcare, retail, manufacturing, transportation, and logistics are increasingly deploying indoor positioning systems to improve operational efficiency, enhance customer experiences, strengthen safety, and optimize resource utilization. As digital transformation accelerates, indoor location solutions are becoming essential for data-driven decision-making and smart facility management.

UWB segment is projected to register the highest CAGR during the forecast period

The Ultra-Wideband (UWB) segment is expected to register the highest CAGR in the Indoor Location Market between 2026 and 2031, driven by its ability to deliver highly accurate real-time positioning with centimeter-level precision. Growing demand for asset tracking, workforce safety, automation, and navigation across manufacturing plants, warehouses, healthcare facilities, and smart buildings is accelerating UWB adoption. The technology is gaining momentum due to advancements in Industry 4.0 initiatives, increasing the deployment of autonomous mobile robots (AMRs), and the integration of UWB in smartphones and IoT devices. Recent developments from companies such as Apple, Samsung Electronics, and FiRa Consortium are improving ecosystem interoperability and scalability. As deployment costs decline and accuracy requirements rise, UWB is expected to significantly enhance operational efficiency, asset visibility, and location intelligence across enterprise environments.

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Supply chain management segment to contribute to the largest market share in 2026

The supply chain management segment is expected to hold the largest share of the Indoor Location Market in 2026 due to the rising need for real-time visibility of assets, inventory, pallets, and material movement across warehouses, distribution centers, and manufacturing facilities. Indoor positioning technologies, such as BLE, RFID, UWB, and Wi-Fi, enable organizations to improve inventory accuracy, reduce asset loss, optimize warehouse operations, and enhance order fulfillment efficiency. The rapid expansion of e-commerce, omnichannel logistics, and automated warehouses is further accelerating adoption. Companies are increasingly investing in digital supply chain transformation and smart logistics initiatives to improve operational efficiency and resilience. As a result, indoor location solutions are becoming critical for reducing costs, increasing productivity, and supporting data-driven supply chain decision-making, driving sustained market growth.

Asia Pacific is expected to register a high growth rate between 2026 and 2031

Asia Pacific is expected to register the highest growth rate in the Indoor Location Market during the forecast period. The regional market is driven by rapid urbanization, large-scale smart city programs, expanding industrial automation, and increasing investments in digital infrastructure across China, Japan, South Korea, Singapore, and India. The region is witnessing strong adoption of indoor positioning solutions in manufacturing facilities, airports, hospitals, retail centers, and logistics hubs to improve asset visibility, workforce safety, navigation, and operational efficiency. The increasing deployment of Bluetooth Low Energy (BLE), Ultra-Wideband (UWB), AI-enabled analytics, and IoT ecosystems is further accelerating market expansion. The market’s growth is expected to enhance supply chain optimization, smart building management, and real-time location intelligence across enterprises. Recent developments include the release of Bluetooth Channel Sounding by the Bluetooth SIG in September 2024, enabling centimeter-level distance measurement for indoor positioning applications. These advancements are strengthening the adoption of next-generation indoor location solutions across the region.

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Top Companies in Indoor Location Market:

The Top Companies Indoor Location Market include Zebra Technologies (US), Cisco (US), HPE (US), Esri (US), Acuity Brands (US), Inpixon (US), HID Global (US), CenTrak (US), Sonitor (Norway), HERE Technologies (Netherlands), Ubisense (UK), Infsoft (Germany), Polaris Wireless (US), Quuppa (Finland), Securitas Healthcare (US), Navigine (US), Pointr (UK), Blueiot (China), AiRISTA (US), InnerSpace (Canada), Syook (India), Oriient (Israel), Navenio (UK), Situm (Spain), Pozyx (Belgium), Azitek (Portugal), Mapxus (Hong Kong), and Kontakt.io (US). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, product launches/enhancements, and acquisitions, to expand their footprint in the Indoor Location Market.

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About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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MarketsandMarkets™ INC.
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Technology

Machtravel.com and Mach Travel App Open for Public Beta Testing

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NEW DELHI, Sept. 1, 2026 /PRNewswire/ — Mach Travel Solutions Limited (BSE: MACHLTD), a publicly listed technology-enabled travel solutions company, today announced that its B2C Online Travel Agency (OTA) platform, Machtravel.com, along with the Mach Travel mobile application, is now open for public beta testing.

During the public beta phase, users can access and explore multiple travel services on Machtravel.com, including Flights, Hotels, Holidays, MICE, Cruises and Visa services. The platform brings these offerings together under a single digital ecosystem, with a focus on technology, ease of use and competitive pricing.

The public beta marks an important milestone in the development of the Company’s B2C travel platform and allows users to experience the platform ahead of its full commercial launch.

The Company invites its shareholders, customers, travel partners and the wider public to explore the website and mobile application, test the booking experience and share their feedback. Inputs received during the beta phase will help the Company further refine the platform, enhance functionality and improve the overall user experience.

As the platform is currently in its beta phase, users may experience slower responsiveness, and certain features and functionalities may continue to be added, modified or optimized. The Company intends to progressively enhance the platform based on real-world usage and feedback received during the testing period.

Commenting on the commencement of public beta testing, Mr. Amit Bhatia, Chairman & Managing Director, Mach Travel Solutions Limited, said:

“Opening Machtravel.com and the Mach Travel App for public beta testing is an important milestone in our B2C journey. Our ambition goes far beyond building another online travel booking platform. Our mission is to revolutionise the way travel is searched, planned and booked by combining technology, a seamless user experience and competitive pricing on a single platform.

This is only the beginning. The platform is currently in beta, and we want our users to be an active part of its evolution. We invite our shareholders, customers, partners and the wider public to test the platform extensively and tell us what works, what does not and what they would like us to build next. Our objective is to continuously improve the platform through technology and customer feedback and build a travel experience that delivers both convenience and value.”

The public beta represents another step in Mach Travel Solutions’ transformation and its strategy to build a comprehensive travel ecosystem across both its existing businesses and emerging digital B2C offering.

Public Beta Website: https://www.machtravel.com/ 

About Mach Travel Solutions Limited

Mach Travel Solutions Limited (formerly Mach Conferences & Events Ltd.) is a publicly listed technology-enabled travel solutions company listed on the Bombay Stock Exchange (BSE: MACHLTD). Incorporated in 2004, the Company provides technology-enabled end-to-end travel solutions across Corporate Travel, MICE, B2B, Leisure and Government & Institutional Projects. The Company is also developing a B2C Online Travel Agency (OTA) platform as part of its strategy to build a comprehensive travel ecosystem.

The Company has a strong pan-India presence with offices in Noida, New Delhi, Kolkata, Mumbai, Bengaluru, Bhubaneswar and Ahmedabad, and is accredited by and associated with leading national and international travel associations, including IATA, GBTA, PATA, IATO, ADTOI, OTOAI, SKAL International, JATA, ICPB, EGAC and NIMA. For more information, please visit https://www.machtravelsolutions.com/

Contact Details

Mach Travel Solutions Limited
Ms. Yashashvi Srivastava
Company Secretary & Compliance Officer
Email: compliance@machtravel.com 
Website: https://www.machtravelsolutions.com/ 

Safe Harbour

This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Travel’s future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.

Mach Travel Solutions undertakes no obligation to publicly revise any forward-looking statements to reflect future/likely events or circumstances.

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XPENG Announces Vehicle Delivery Results for August 2026

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GUANGZHOU, China, Sept. 1, 2026 /PRNewswire/ — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading global Physical AI company, today announced its vehicle delivery results for August 2026.

XPENG delivered 39,107 vehicles in August 2026, up 4% year-over-year.

On August 11, 2026, the XPENG G9L made its official debut and commenced pre-sales in the Chinese mainland.

In August, XPENG Robotaxi business validation gained further progress. The Company secured a permit to conduct remote testing of intelligent connected vehicles in Guangzhou, allowing road trials without an onboard safety operator on designated Level 1, 2 and 3 test roads across the city and marking a key milestone toward fully driverless road testing.

XPENG’s electric vehicles delivered from January to August 2026 are expected to reduce life-cycle greenhouse gas emissions by more than 3.72 million tons compared to internal combustion engine vehicles, equivalent to the carbon absorbed by 61.6 million young trees over 10 years.

About XPENG

XPENG is a leading global Physical AI company, dedicated to bringing artificial intelligence into the physical world to reshape future mobility and smart living. Through in-house R&D, XPENG has developed a full-stack Physical AI architecture spanning Turing AI chips, world foundation models, and highly integrated software and hardware applications. This unified technology foundation of XPENG powers an expansive product portfolio of smart EVs, robotaxis, and humanoid robots, advancing the deployment of Physical AI at scale. Headquartered in Guangzhou, China, XPENG is dual-primary listed on the New York Stock Exchange and the Hong Kong Stock Exchange. With global capabilities across R&D, manufacturing, sales, and services, XPENG drives continuous technological innovation and fosters an open Physical AI ecosystem, making life smarter, safer, and better for users worldwide. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: ir@xiaopeng.com 

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com 

For Media Enquiries:

PR Department
XPeng Inc.
Email: pr@xiaopeng.com

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SOURCE XPeng Inc.

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Ripple and SettleMint partner to provide digital asset custody and tokenization for financial institutions in Asia Pacific

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New integration between Ripple Custody and SettleMint’s Digital Asset Lifecycle Platform gives regulated financial institutions a single, connected foundation to issue, manage, and operate digital assets across their full lifecycle.

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, and SettleMint, a global leader in Digital Asset Lifecycle Management, have announced today a strategic partnership offering regulated financial institutions a unified solution to custody, issue, and manage tokenized assets across their full lifecycle. The partnership integrates Ripple Custody, Ripple’s institutional-grade digital asset custody infrastructure, and SettleMint’s DALP (Digital Asset Lifecycle Platform).

Ripple Custody provides institutional-grade digital asset custody infrastructure and has continued to expand its capabilities over the past year through new partnerships with Securosys and Figment, integration with Chainalysis, and the acquisition of Palisade, simplifying procurement and giving banks, fintechs and corporates a faster, less complex way to secure digital assets, stablecoins and real-world assets.

In parallel, SettleMint’s DALP offers an institutional-grade, entirely composable digital asset lifecycle platform, designed for regulated financial institutions, market infrastructure operators, and sovereign entities. DALP is already in use across production and pre-production programmes with institutions in North America, Europe, the Middle East, and Asia Pacific, and provides these institutions the ability to design, issue, and manage tokenized real-world assets. Unlike point solutions that only handle token creation, DALP serves as a unified, governed control plane that manages the entire lifecycle of an asset post-launch. Issuance, compliance, custody, settlement, and servicing are managed on a single platform, without multi-vendor assembly, without reconciliation gaps, and with a controlled transition from pilot to production.

The combination of Ripple’s custody solution and SettleMint’s DALP platform means an institution can hold and manage digital assets in a regulated, compliant and safe way across the full lifecycle through one integrated solution, instead of operating across separate vendors for custody, issuance, compliance and servicing. This includes compliance and permissioning controls required by heavily regulated institutions.

Ripple and SettleMint have already commenced their partnership offering in Asia and plan to extend this to other markets as institutional demand develops.

The integration of digital assets and tokenized financial products has become essential for the future of banking and the traditional financial sector. In Boston Consulting Group’s report, “The Future of Digital Assets,” published in May 2026, the firm identifies the shift toward digital assets as a fundamental restructuring of financial infrastructure, projecting that tokenized real-world assets could reach $88 trillion by 2035. The report warns that traditional banks failing to adapt to this digital shift face a potential 30% reduction in profits by 2035.

The report also noted that banks can leverage tokenized products to transition from traditional intermediation to infrastructure orchestration, creating new revenue streams through tokenized funds, automated collateral mobility, and advanced custody solutions.

Fiona Murray, Managing Director, Asia Pacific at Ripple, said: “Financial institutions across Asia Pacific are putting digital assets to work. They are asking how to do more without stitching together separate solutions for custody, issuance and governance. This partnership gives them the foundation to roll out digital assets and future-proof them from there: Ripple Custody to hold and govern the asset, and SettleMint to manage its entire lifecycle.”

“Global capital markets are moving fully on-chain, and that shift only works when digital asset custody and lifecycle management operate as one system rather than two,” said Adam Popat, CEO of SettleMint. “Combining Ripple Custody and  DALP gives institutions that single foundation, and this partnership lets us bring it to regulated markets globally.”

About SettleMint

SettleMint, headquartered in Leuven, Belgium, with offices in the UAE, Singapore, and Japan, is the company behind DALP, the entirely composable Digital Asset Lifecycle Platform. DALP enables financial institutions, market infrastructure operators, and governments to build, deploy, and manage digital assets and blockchain applications at scale.

About Ripple

Founded in 2012, Ripple is the leading provider of blockchain-based enterprise solutions across traditional and digital finance. Its solutions span global payments, custody, liquidity, and treasury management, serving as a one-stop shop for moving, storing, exchanging, and managing value. Ripple’s stablecoin, RLUSD, and the cryptocurrency XRP underpinning these solutions, allow Ripple and its customers to shape the modern financial system.

Media Contacts

SettleMint: Lara Abdul Malak, lara@settlemint.com, Tel: +961 3 748 689

Ripple: Hsueh Mei Tan, press@ripple.com 

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