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Bluetooth Beacons Market worth $12.40 billion by 2030, growing at a CAGR of 16.62% - Exclusive Report by 360iResearch
Bluetooth Beacons Market | 360iResearch
The Global Bluetooth Beacons Market to grow from USD 4.22 billion in 2023 to USD 12.40 billion by 2030, at a CAGR of 16.62%.
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Bluetooth beacons, small wireless devices based on Bluetooth Low Energy, are generally utilized to understand workspace occupancy with room-level monitoring, monitor visitors' flow, and deliver seamless indoor navigation. The proliferation of Bluetooth captured the customer's invention, leading to increased demand for unique wireless applications, including home automation, location-based services, personal monitoring and tracking, and remote access control. The adoption of Bluetooth beacons for logistics and warehouse management is increasing to deliver an affordable and adaptable infrastructure, making it a scalable, cost-effective, and genuinely exciting solution for traditional problems. Moreover, the ongoing investments towards Industry 4.0 have improved the demand for Bluetooth beacons to automatically identify and track equipment and spare parts across manufacturing facilities. The limited awareness and concerns relating to data privacy and security and maintenance issues have limited the deployment of Bluetooth beacons across various end-user industries. However, the introduction of ultra-long-ranged and long-ranged Bluetooth beacons and the introduction of Bluetooth beacons across the healthcare sector to streamline healthcare operations and simplify in-door navigation systems are expected to create growth opportunities for the Bluetooth beacons market in the coming years.
Europe, the Middle East, and Africa represent a highly developing Bluetooth beacon market owing to the expanding retail sectors, supportive government initiatives for digitizing industrial sectors, and ongoing advancements in Bluetooth beacon technologies. European Union (EU) countries are deploying advanced technologies, including Bluetooth beacons, to improve fleet management and track the connected vehicles' network for outdoor solutions with supportive government investments. Moreover, the high deployment of Bluetooth beacons by large offline retail stores and healthcare facilities across the developed American economies has supported the market growth in the region. In addition, the introduction and expansion of 5G services, the exponential growth of eCommerce sectors, and heavy investments for advancements of logistics and warehouse activities in India, Australia, China, Japan, South Korea, and others are expected further to surge the demand for Bluetooth beacons in the Asia-Pacific region.
Market Segmentation & Coverage:
This research report categorizes the Bluetooth Beacons Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across AltBeacon, Eddystone, iBeacon, and URIBeacon. The iBeacon commanded largest market share of 37.67% in 2023, followed by Eddystone.
Based on Functions, market is studied across Content Delivery, Event Management, Payment, Proximity Marketing, and Transportation. The Proximity Marketing commanded largest market share of 24.91% in 2023, followed by Event Management.
Based on End-User, market is studied across Automotive, Financial Institutions, Healthcare, Retail, and Travel & Tourism. The Retail commanded largest market share of 37.59% in 2023, followed by Travel & Tourism.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.43% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Bluetooth Beacons Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Bluetooth Beacons Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Bluetooth Beacons Market, highlighting leading vendors and their innovative profiles. These include Accent Advanced Systems, SLU, aconno GmbH, Apple Inc., beaconsmind AG, Beaconstac, BeaconZone Ltd., BlueCats Australia Pty Limited, blukii by hard&softWERK GmbH, ECOM Instruments GmbH, ELA Innovation SA, EM Microelectronic, Estimote, Inc., Gimbal, Inc., Google LLC by Alphabet Inc., GPS Tracking Canada, Hewlett Packard Enterprise Development LP, HID Global Corporation, infsoft GmbH, K2B Solutions, KKM Company Ltd., Kontakt.io Inc., Kumismart by Kumismart LLC, Moko Technology Ltd., Nero Global Tracking by Vecima Networks Inc., POLESTAR SA, Radius Networks, Inc., Roambee Corporation, Shenzhen Feasycom Technology Co.,Ltd., Shenzhen Minew Technologies Co., Ltd., TELTONIKA Group Companies, and Zebra Technologies Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bluetooth Beacons Market, by Technology
7. Bluetooth Beacons Market, by Functions
8. Bluetooth Beacons Market, by End-User
9. Americas Bluetooth Beacons Market
10. Asia-Pacific Bluetooth Beacons Market
11. Europe, Middle East & Africa Bluetooth Beacons Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Bluetooth Beacons Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bluetooth Beacons Market?
3. What is the competitive strategic window for opportunities in the Bluetooth Beacons Market?
4. What are the technology trends and regulatory frameworks in the Bluetooth Beacons Market?
5. What is the market share of the leading vendors in the Bluetooth Beacons Market?
6. What modes and strategic moves are considered suitable for entering the Bluetooth Beacons Market?
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