Global Smart Beacon Market, By Connectivity Type (Bluetooth Low Energy (BLE) and Hybrid), Beacon Standard (Ibeacon and Eddystone), Offerings (Hardware, Software and Service), End User (Transportation and Logistics, Retail, Public Gatherings and Spaces, Hospitality, Healthcare, Automotive, Banking, Financial Services, and Insurance (BFSI), Sports¸ Education and Aviation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems and rising penetration of smartphones especially in the developing economies are the major factors attributable to the growth of robotic gripper market. Data Bridge Market Research analyses that the smart beacon market will exhibit a CAGR of 54.05% for the forecast period of 2022-2029. Therefore, the smart beacon market value would rocket up to USD 5,362.89 million by 2029.
Also known as proximity beacon, smart beacon is used to send signals using the Bluetooth technology. Smart beacon is a wireless transmitter that operates on low energy Bluetooth to transfer the data or information to the nearby designated devices.
Rising globalization and growth in the demand from the automotive industry will emerge as the major market growth driving factors. Growing focus on business intelligence to gain competitive advantage, surging use of spatial data in analytics, increasing demand for smart beacons for indoor navigation and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and growth and expansion of various end user verticals especially in the developing regions will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise will act as a growth restraint for the market. Technological challenges, interoperability issues and limited sensing capabilities of Bluetooth low energy technology will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies and rising security and privacy concerns will further challenge the market growth rate.
This smart beacon market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart beacon market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Beacon Market Scope and Market Size
The smart beacon market is segmented on the basis of connectivity type, beacon standard, offering and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of connectivity type, the smart beacon market is segmented into Bluetooth low energy (BLE) and hybrid. Bluetooth low energy (BLE) is sub segmented into BLE 4.0 and BLE 5.0.
- On the basis of beacon standard, the smart beacon market is segmented into ibeacon and eddystone.
- On the basis of offering, the smart beacon market is segmented into hardware, software and service. Hardware is sub segmented into standard beacon, sticker beacon and card beacon. Software is sub segmented into analytics software, content management software and other software. Services are sub segmented into project management, consulting, maintenance and support service.
- On the basis of end user, the smart beacon market is segmented into transportation and logistics, retail, public gatherings and spaces, hospitality, healthcare, automotive, banking, financial services, and insurance (BFSI), sports¸ education and aviation.
Smart Beacon Market Country Level Analysis
The smart beacon market is analysed and market size, volume information is provided by country, connectivity type, beacon standard, offering and end user as referenced above.
The countries covered in the smart beacon market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the smart beacon market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure for research and development proficiencies in this region and presence of major players in this region. Asia-Pacific region is projected to undergo substantial during the forecast period and will score the highest CAGR owing to the surging number of end user industries.
The country section of the smart beacon market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Beacon Market Share Analysis
The smart beacon market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart beacon market.
Some of the major players operating in the smart beacon market are Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., PaeDae, Inc. dba Gimbal, Onyx Beacon¸ Sensoro Co., Ltd.¸ Kontakt.io, Chengdu JAALEE Technology Co., Ltd., Bluvision Inc., Swirl Networks, Leantegra Inc., BLESH, Accent Advanced Systems, SLU., BlueUp Srl., Beacon Inside, HID Global Corporation, GeLo Inc., Glimworm Beacons, Sensorberg, Thales Group and Qualcomm Technologies, Inc. among others.