Smart Beacon Market to Surge to US$ 1.18 Billion by 2031, Fueled by RTLS Adoption, Smart Cities, and Industrial Digitalization | QY Research

Market Summary -

The global market for Smart Beacon was estimated to be worth US$ 289 million in 2024 and is forecast to a readjusted size of US$ 1,180 million by 2031, expanding at a robust CAGR of 21.9% during the forecast period 2025-2031.

According to QY Research, a new publication titled "Smart Beacon - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" delivers an in-depth, data-driven analysis of the global smart beacon market to support informed decision-making and scalable growth strategies. Authored by experienced market analysts, the report provides validated market data, competitive intelligence, and actionable insights for hardware vendors, platform providers, system integrators, and enterprise users. By evaluating historical performance alongside forward-looking forecasts, the study clearly explains market structure, technology evolution, growth drivers, challenges, and emerging opportunities across regions and applications.

Get Full PDF Sample Copy of the Report (Including Full TOC, Tables & Charts):
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The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Smart Beacon cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

In 2024, global shipments of smart beacon hardware exceeded 12 million units, with an average ex-factory price of approximately US$ 24 per unit. A typical manufacturing line has an annual capacity of 1-1.5 million units, and the industry's average gross profit margin ranges from 35% to 40%, reflecting the scalability and modular nature of BLE-based hardware combined with software-driven value creation.

Smart beacons are low-power wireless transmitters-most commonly built on Bluetooth Low Energy (BLE)-that broadcast standardized advertisement frames such as Apple iBeacon and Google Eddystone. Nearby smartphones or gateways receive these signals to enable proximity marketing, indoor positioning and navigation, access control, and real-time location services (RTLS). Unlike Wi-Fi access points, beacons are "talk-only" devices with lightweight payloads, while intelligence resides in applications and cloud platforms. Modern beacons integrate BLE SoCs (such as Nordic nRF52 series), sensors (temperature, motion, light), and long-life coin cells, delivering multi-year battery life in compact and ruggedized form factors. Fixed beacons act as anchors, while closely related wearable or attachable tags enable mobile asset tracking.

Supply Chain Structure and Ecosystem -

Upstream components include BLE SoCs, crystals, power management ICs, sensors, PCBs, enclosures, and high-capacity coin-cell batteries. Component pricing is mature and widely accessible through global distribution channels. Midstream manufacturing involves OEM/ODM design, EMS/SMT assembly, firmware flashing, calibration, burn-in, and packaging, with production concentrated in China's Guangdong region (notably Shenzhen) alongside specialized manufacturing hubs in Europe. Downstream deployment is solution-led: system integrators bundle beacons with gateways, tags, maps, rules engines, and analytics platforms to deliver end-to-end RTLS, access control, and proximity solutions. Adjacent ecosystems such as Electronic Shelf Labels (ESL) and Ambient IoT smart labels often share infrastructure and accelerate beacon density deployment.

Market Drivers and Technology Trends -

The smart beacon market is experiencing explosive growth as location-aware services become foundational to digital transformation across industries. North America and Europe lead adoption in enterprise RTLS and access control, driven by healthcare safety regulations, industrial compliance requirements, and mature retail IT ecosystems. Hospitals and factories increasingly standardize on BLE anchors for room-level accuracy, audit trails, and workforce safety, while vendors pair beacons with cloud RTLS, analytics, and digital key solutions to maximize return on investment.

Asia-Pacific (APAC) serves as both the global manufacturing hub and a fast-growing demand center. China's extensive ODM ecosystem supports cost-optimized hardware and rapid iteration, while regional retailers, transportation hubs, campuses, and smart buildings scale proximity services, wayfinding, and ESL networks. As Bluetooth-based location services expand, APAC benefits from strong supply-side capabilities and accelerating local deployments.

Latin America, the Middle East, and Africa remain at earlier adoption stages but are gaining momentum, particularly in large venues, shopping malls, logistics hubs, and public infrastructure, where low-CAPEX BLE anchors outperform alternative technologies. As asset tracking and item-finding use cases scale globally, beacon anchor deployments expand accordingly, supported by declining hardware costs and proven interoperability.

Technologically, the market is evolving toward sensor-equipped, programmable, and gateway-enabled beacons, enabling richer data capture and multi-application use cases. Integration with RTLS platforms, smart city systems, and industrial IoT architectures is transforming beacons from standalone devices into core infrastructure for location intelligence.

Market Segmentation and Regional Analysis -
By Type -
► Standard Beacon
► Programmable Beacon
► Sensor-equipped Beacon
► Gateway Beacon
► Wearable Beacon

By Application -
► Retail & Marketing
► Navigation
► Industrial & Logistics
► Healthcare & Safety Management
► Smart City

The report provides detailed insights into each segment, highlighting market size, growth rates, deployment models, and technology requirements. Industrial, healthcare, and smart city applications are expected to be the fastest-growing segments, driven by safety, efficiency, and data-driven operations.

By Region -
✔ North America (U.S., Canada, Mexico)
✔ Europe (Germany, France, UK, Italy, etc.)
✔ Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
✔ South America (Brazil, etc.)
✔ Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Major Companies Profiled -
► Estimote
► HPE
► Kontakt.io
► HID Global
► Sensoro
► BlueUp Srl
► LASEC Technology Systems
► blukii
► BeaconTrax
► Infillion
► Accent Advanced Systems
► NDS Technology
► Tatwah Mango
► Shenzhen Feasycom
► Shenzhen Meeblue Electronics Technology
► Shenzhen KKM Company
► Shenzhen Minew Technologies
► MOKO Smart

Reasons to Procure this Report: -
► Access comprehensive global, regional, and country-level smart beacon market revenue and volume forecasts through 2031.
► Understand competitive positioning, company rankings, and market concentration trends.
► Identify high-growth opportunities across beacon types and application scenarios.
► Evaluate supply chain dynamics, cost structures, and regional deployment strategies.
► Support strategic planning for product development, partnerships, and large-scale deployments.

Key Questions Answered in the Report:
► What is the current size and long-term growth outlook of the global smart beacon market?
► Which applications will drive the fastest adoption through 2031?
► How competitive is the global smart beacon landscape, and who are the leading players?
► How do RTLS, smart cities, and industrial digitalization influence demand?
► What opportunities and risks exist for established vendors and emerging suppliers?

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Table of Content:

1 Market Overview
1.1 Smart Beacon Product Introduction
1.2 Global Smart Beacon Market Size Forecast
1.2.1 Global Smart Beacon Sales Value (2020-2031)
1.2.2 Global Smart Beacon Sales Volume (2020-2031)
1.2.3 Global Smart Beacon Sales Price (2020-2031)
1.3 Smart Beacon Market Trends & Drivers
1.3.1 Smart Beacon Industry Trends
1.3.2 Smart Beacon Market Drivers & Opportunity
1.3.3 Smart Beacon Market Challenges
1.3.4 Smart Beacon Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Smart Beacon Players Revenue Ranking (2024)
2.2 Global Smart Beacon Revenue by Company (2020-2025)
2.3 Global Smart Beacon Players Sales Volume Ranking (2024)
2.4 Global Smart Beacon Sales Volume by Company Players (2020-2025)
2.5 Global Smart Beacon Average Price by Company (2020-2025)
2.6 Key Manufacturers Smart Beacon Manufacturing Base and Headquarters
2.7 Key Manufacturers Smart Beacon Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Smart Beacon
2.9 Smart Beacon Market Competitive Analysis
2.9.1 Smart Beacon Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Smart Beacon Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Beacon as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Standard Beacon
3.1.2 Programmable Beacon
3.1.3 Sensor-equipped Beacon
3.1.4 Gateway Beacon
3.1.5 Wearable Beacon
3.2 Global Smart Beacon Sales Value by Type
3.2.1 Global Smart Beacon Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Smart Beacon Sales Value, by Type (2020-2031)
3.2.3 Global Smart Beacon Sales Value, by Type (%) (2020-2031)
3.3 Global Smart Beacon Sales Volume by Type
3.3.1 Global Smart Beacon Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Smart Beacon Sales Volume, by Type (2020-2031)
3.3.3 Global Smart Beacon Sales Volume, by Type (%) (2020-2031)
3.4 Global Smart Beacon Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Retail & Marketing
4.1.2 Navigation
4.1.3 Industrial & Logistics
4.1.4 Healthcare & Safety Management
4.1.5 Smart City
4.2 Global Smart Beacon Sales Value by Application
4.2.1 Global Smart Beacon Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Smart Beacon Sales Value, by Application (2020-2031)
4.2.3 Global Smart Beacon Sales Value, by Application (%) (2020-2031)
4.3 Global Smart Beacon Sales Volume by Application
4.3.1 Global Smart Beacon Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Smart Beacon Sales Volume, by Application (2020-2031)
4.3.3 Global Smart Beacon Sales Volume, by Application (%) (2020-2031)
4.4 Global Smart Beacon Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Smart Beacon Sales Value by Region
5.1.1 Global Smart Beacon Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Smart Beacon Sales Value by Region (2020-2025)
5.1.3 Global Smart Beacon Sales Value by Region (2026-2031)
5.1.4 Global Smart Beacon Sales Value by Region (%), (2020-2031)
5.2 Global Smart Beacon Sales Volume by Region
5.2.1 Global Smart Beacon Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Smart Beacon Sales Volume by Region (2020-2025)
5.2.3 Global Smart Beacon Sales Volume by Region (2026-2031)
5.2.4 Global Smart Beacon Sales Volume by Region (%), (2020-2031)
5.3 Global Smart Beacon Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Smart Beacon Sales Value, 2020-2031
5.4.2 North America Smart Beacon Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Smart Beacon Sales Value, 2020-2031
5.5.2 Europe Smart Beacon Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Smart Beacon Sales Value, 2020-2031
5.6.2 Asia Pacific Smart Beacon Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Smart Beacon Sales Value, 2020-2031
5.7.2 South America Smart Beacon Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Smart Beacon Sales Value, 2020-2031
5.8.2 Middle East & Africa Smart Beacon Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Smart Beacon Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Smart Beacon Sales Value and Sales Volume
6.2.1 Key Countries/Regions Smart Beacon Sales Value, 2020-2031
6.2.2 Key Countries/Regions Smart Beacon Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Smart Beacon Sales Value, 2020-2031
6.3.2 United States Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Smart Beacon Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Smart Beacon Sales Value, 2020-2031
6.4.2 Europe Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Smart Beacon Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Smart Beacon Sales Value, 2020-2031
6.5.2 China Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.5.3 China Smart Beacon Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Smart Beacon Sales Value, 2020-2031
6.6.2 Japan Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Smart Beacon Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Smart Beacon Sales Value, 2020-2031
6.7.2 South Korea Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Smart Beacon Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Smart Beacon Sales Value, 2020-2031
6.8.2 Southeast Asia Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Smart Beacon Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Smart Beacon Sales Value, 2020-2031
6.9.2 India Smart Beacon Sales Value by Type (%), 2024 VS 2031
6.9.3 India Smart Beacon Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Estimote
7.1.1 Estimote Company Information
7.1.2 Estimote Introduction and Business Overview
7.1.3 Estimote Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Estimote Smart Beacon Product Offerings
7.1.5 Estimote Recent Development
7.2 HPE
7.2.1 HPE Company Information
7.2.2 HPE Introduction and Business Overview
7.2.3 HPE Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 HPE Smart Beacon Product Offerings
7.2.5 HPE Recent Development
7.3 Kontakt.Io
7.3.1 Kontakt.Io Company Information
7.3.2 Kontakt.Io Introduction and Business Overview
7.3.3 Kontakt.Io Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Kontakt.Io Smart Beacon Product Offerings
7.3.5 Kontakt.Io Recent Development
7.4 HID Global
7.4.1 HID Global Company Information
7.4.2 HID Global Introduction and Business Overview
7.4.3 HID Global Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 HID Global Smart Beacon Product Offerings
7.4.5 HID Global Recent Development
7.5 Sensoro
7.5.1 Sensoro Company Information
7.5.2 Sensoro Introduction and Business Overview
7.5.3 Sensoro Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Sensoro Smart Beacon Product Offerings
7.5.5 Sensoro Recent Development
7.6 BlueUp Srl
7.6.1 BlueUp Srl Company Information
7.6.2 BlueUp Srl Introduction and Business Overview
7.6.3 BlueUp Srl Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 BlueUp Srl Smart Beacon Product Offerings
7.6.5 BlueUp Srl Recent Development
7.7 LASEC Technology Systems
7.7.1 LASEC Technology Systems Company Information
7.7.2 LASEC Technology Systems Introduction and Business Overview
7.7.3 LASEC Technology Systems Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 LASEC Technology Systems Smart Beacon Product Offerings
7.7.5 LASEC Technology Systems Recent Development
7.8 blukii
7.8.1 blukii Company Information
7.8.2 blukii Introduction and Business Overview
7.8.3 blukii Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 blukii Smart Beacon Product Offerings
7.8.5 blukii Recent Development
7.9 BeaconTrax
7.9.1 BeaconTrax Company Information
7.9.2 BeaconTrax Introduction and Business Overview
7.9.3 BeaconTrax Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 BeaconTrax Smart Beacon Product Offerings
7.9.5 BeaconTrax Recent Development
7.10 Infillion
7.10.1 Infillion Company Information
7.10.2 Infillion Introduction and Business Overview
7.10.3 Infillion Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Infillion Smart Beacon Product Offerings
7.10.5 Infillion Recent Development
7.11 Accent Advanced Systems
7.11.1 Accent Advanced Systems Company Information
7.11.2 Accent Advanced Systems Introduction and Business Overview
7.11.3 Accent Advanced Systems Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Accent Advanced Systems Smart Beacon Product Offerings
7.11.5 Accent Advanced Systems Recent Development
7.12 NDS Technology
7.12.1 NDS Technology Company Information
7.12.2 NDS Technology Introduction and Business Overview
7.12.3 NDS Technology Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 NDS Technology Smart Beacon Product Offerings
7.12.5 NDS Technology Recent Development
7.13 Tatwah Mango
7.13.1 Tatwah Mango Company Information
7.13.2 Tatwah Mango Introduction and Business Overview
7.13.3 Tatwah Mango Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Tatwah Mango Smart Beacon Product Offerings
7.13.5 Tatwah Mango Recent Development
7.14 Shenzhen Feasycom
7.14.1 Shenzhen Feasycom Company Information
7.14.2 Shenzhen Feasycom Introduction and Business Overview
7.14.3 Shenzhen Feasycom Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Shenzhen Feasycom Smart Beacon Product Offerings
7.14.5 Shenzhen Feasycom Recent Development
7.15 Shenzhen Meeblue Electronics Technology
7.15.1 Shenzhen Meeblue Electronics Technology Company Information
7.15.2 Shenzhen Meeblue Electronics Technology Introduction and Business Overview
7.15.3 Shenzhen Meeblue Electronics Technology Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Shenzhen Meeblue Electronics Technology Smart Beacon Product Offerings
7.15.5 Shenzhen Meeblue Electronics Technology Recent Development
7.16 Shenzhen KKM Company
7.16.1 Shenzhen KKM Company Company Information
7.16.2 Shenzhen KKM Company Introduction and Business Overview
7.16.3 Shenzhen KKM Company Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Shenzhen KKM Company Smart Beacon Product Offerings
7.16.5 Shenzhen KKM Company Recent Development
7.17 Shenzhen Minew Technologies
7.17.1 Shenzhen Minew Technologies Company Information
7.17.2 Shenzhen Minew Technologies Introduction and Business Overview
7.17.3 Shenzhen Minew Technologies Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Shenzhen Minew Technologies Smart Beacon Product Offerings
7.17.5 Shenzhen Minew Technologies Recent Development
7.18 MOKO Smart
7.18.1 MOKO Smart Company Information
7.18.2 MOKO Smart Introduction and Business Overview
7.18.3 MOKO Smart Smart Beacon Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 MOKO Smart Smart Beacon Product Offerings
7.18.5 MOKO Smart Recent Development
8 Industry Chain Analysis
8.1 Smart Beacon Industrial Chain
8.2 Smart Beacon Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Smart Beacon Sales Model
8.5.2 Sales Channel
8.5.3 Smart Beacon Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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