Smart Beacon Market: Summary
The Global Smart Beacon Market is projected to reach a value of over USD 34.8 billion by 2027 at a CAGR of around 52.9%.
beacon is a small, battery-powered, wireless device that uses Bluetooth low energy technology or Wi-Fi to advertise its presence and services. Smart Beacons repeatedly transmits a single signal that other devices can see. Instead of emitting visible light, beacons broadcast a radio signal that is made up of a combination of letters and numbers transmitted on a regular interval of approximately 1/10th of a second. The beacon transmits its ID numbers about ten times every second to a nearby Bluetooth-enabled device such as smartphone to catch the signal. When an authenticated app recognizes it, it links it to an action and displays it to the user.
Smart Beacon Market: Driver & Opportunity
- Growing Use of Smartphone
Increasing need for entertainment, music, online education, web series, and navigation will increase the smartphone market globally. Smartphone or tablet cab use the beacon information to find the location and services. A smartphone can detect when it enters or exits a particular setting by monitoring beacons, then use that information to create interactive experiences-based on nearby products and services. Many global players currently investing in smart beacon market for smartphone purpose and hence it is expected to drive the market during growth period.
- Growing Opportunities in Transportation & Logistics
Transportation & logistics affects on the growth of the city. Beacons are small wireless devices that broadcast signals using Bluetooth Low Energy (BLE), or Bluetooth SMART technology at a certain interval. These beacons are used in transport industry for tracking when riders with a Bluetooth-enabled mobile fare app are in and out of the mesh network. In Transport industry, managers use beacons to know the exact location of goods at any given time. Hence, transport and logistics industry will create new opportunities for smart beacon market during projected years.
Smart Beacon Market: Key Segments
- Segmentation based on Standard: AltBeacon, Eddystone, and iBeacon
- Segmentation based on Connectivity: Wi-Fi, Bluetooth, and Hybrid
- Segmentation based on component: Hardware, Software, and Services
- Segmentation based on end use industry: Healthcare, Automotive, Retail, Aerospace, BFSI, Sports, Transportation & Logistics, Hospitality, and Others
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Smart Beacon Market: Report Scope
The report on the smart beacon market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million)
Standard, Connectivity, Component, End Use Industry, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Hewlett Packard Enterprise Development LP (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- HID Global Corporation/ASSA ABLOY AB.
- Cisco Systems, Inc.
- Estimote, Inc.
- Leantegra Inc.
- Accent Systems
- Sensoro Co., Ltd.
- JAALEE Technology Co., Ltd
- PT. Eyro Digital Teknologi
- Avvel International Group
- Other Key Companies
Smart Beacon Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Beacon Market, by Standard
Smart Beacon Market, by Connectivity
Smart Beacon Market, by Component
Smart Beacon Market, by End Use Industry
- Transportation & Logistics
Smart Beacon Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Smart Beacon Market Providers
- Smart Beacon Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Smart Beacon Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE smart beacon MARKET STUDY