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Smart Beacon Market Technological Study with High CAGR value of 33.3% during 2021- 2026 | StraitsResearch

09-22-2021 06:51 AM CET | IT, New Media & Software

Press release from: StraitsResearch

Smart Beacon Market

Smart Beacon Market

The global smart beacon market accounted for over USD 1363.6 million in 2017 and is expected to grow at a CAGR of 33.3% during the forecast period, 2019–2026.

A smart beacon, also known as bluetooth low energy beacon, uses bluetooth technology to repeatedly transmit signals in close proximities. Depending upon the distance of the device, different types of notifications can be sent using smart beacons. Smart beacons are indoor positioning systems that interact with a customer’s smartphone to determine its position, thereby allowing mobile apps to understand a consumer’s market position on a micro-local scale, and deliver contextual content. Companies involved in the micro-location and mobile proximity industry are looking to provide more & more accurate and profound data analytics for marketing purposes. Many IoT applications in large industries such as retail and warehousing are using smart beacons on a daily basis.

According to,
In 2018, over 75% of U.S. retailers added smart beacons to their marketing mix
The smart beacon market is projected to reach 500 million beacon units by 2021

The growing trend of smart buildings and smart cities presents tremendous opportunities for the smart beacon market. Smart cities need gadgets that are capcble of communicatings and generating data, which is automatically managed, utilized, and sent back. Smart cities required an ecosystem and smart beacons help in the creation of such ecosystems. According to, there are over 8.2 billion Bluetooth-equipped devices in the world. Bluetooths’ high efficiency, incredible penetration rate and increased capabilities help connect millions of things in smart cities.

The global smart beacon market has been segmented on the basis of standard, connectivity type, offering, end use and region. On the basis of offering, the market has been segmented into hardware, software, and services. On the basis of end use, the market has been segmented into retail, transportation & logistics, and public gathering & spaces.

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The Major Players Covered in this Report:
Estimote (U.S.), Bluvision (An HID Global Company) (U.S.), Onyx Beacon (Romania), Leantegra (U.S.), Aruba (A Hewlett Packard Enterprise Company) (U.S.), (Poland), Cisco (U.S.), Gimbal (U.S.), Accent Systems (Spain), Swirl Networks (U.S.), Sensoro (U.S.) and JAALEE Technology (China)., & More...

By Beacon Standard, iBeacon, Eddystone
By Connectivity Type, Bluetooth Low Energy (BLE), Hybrid
By Offering, Hardware, Software, Service
By End Use, Retail, Transportation & Logistics, Public Gathering & Spaces

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Smart Beacon in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Smart Beacon market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Smart Beacon and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Smart Beacon. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Developments:
Growing demand for IoT technology has been presenting opportunities for smart beacon technology. In May 2018, Estimote launched next-generation proximity beacons with various hardware and software improvements such as long lasting batteries, Bluetooth 5 chip and planet friendly enclosures.

Why Buy This Report?
This report offers key insights pertaining to the smart beacon technology market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Definitive Market Data
Smart Building Market Analysis
Technological Insight
Competitor Analysis
Recent Opportunities in the Market
Pipeline Analysis
Patent Analysis

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