Smart Beacon Market In-Depth knowledge of Future Advances, Product Development and Innovation to 2031

Smart Beacon Market 2022

Increasing digitalization and advancements in technology are assisting the implementation of innovation technologies in Bluetooth technology. One such new innovation has been the invention of a beacon, a Bluetooth radio transmitter. The device is generally used to transfer data or signals from one device to the other using Bluetooth technology.

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Smart beacons are proximity beacons which make use of a compatible application or operating system and function using Bluetooth low energy technology. At present, iBeacon (launched in 2013 and majorly intended for apple devices) and Eddystone (launched in 2015 and majorly intended for android devices) are the two most prominent smart beacons in the market.

Having been present for a longer time in the market, iBeacon held larger market share in 2017. Also, due to the advanced features associated with Eddystone, such as ability to send 4 packets, enhanced accuracy and performance, etc., iBeacon is expected to witness higher growth rate in the smart beacons market during the forecast period.

Smart Beacons have witnessed considerable traction in the past four years owing to increasing digitalization and adoption of smart devices. However, due to the high application areas of smart beacon, the smart beacon market is expected to exhibit double digit growth rate during the forecast period.

Key Players:

The report has profiled some of the important players prevalent in the global like - Estimote, Inc., Aruba (Hewlett Packard Enterprise), Kontakt.io, Cisco Systems, Bluvision Inc., FUJITSU, Onyx Beacon Ltd., Accent Advanced Systems, SLU, Beaconinside GmbH, BLESH and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Beacon.

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Smart Beacon Market: Market Dynamics

Increasing demand and adoption of smart devices and the concept of smart cities are expected to be key driving factors for the global smart beacon market. This growth is further expected to be assisted by the increasing penetration of internet and growing customer expenditure across the globe.

Increasing demand witnessed for smart beacons from transportation and logistics industry verticals, owing to smart beacons' advanced features, such as real-time tracking feature, etc., is also expected to impel the demand and adoption of smart beacon market during the forecast period.

Introduction of Eddystone, a smart beacon based on Google beacon platform, designed specifically for android users, in 2015, complimented by the presence of a larger customer base, is also expected to be a driving factor for the global smart beacon market.

One of the recent trends witnessed in the market is the introduction of hybrid connection type smart beacons.

However, the lack of presence of technological resources for the implementation of smart beacon is considered to be a major factor challenging the growth of the same across some countries.

In addition to this, lack of awareness amongst various countries may also impact the growth of the global smart beacon market negatively, in terms of revenue. These factors, as a result, are expected to be the primary restraining factors for the global smart beacon market.

Smart Beacon Market: Segmentation

Basis of offering -Hardware, Software, Services

Basis of connection type -Bluetooth, Wi-Fi, Hybrid

Basis of induxtrial vertical - Retail, Transportation and Logistics, BFSI, Media and Entertainment, Hospitality, Education, Automotive, Others

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Smart Beacon Market Manufacturers
Smart Beacon Market Distributors/Traders/Wholesalers
Smart Beacon Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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 Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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