Global Smart Beacon Market Analysis and Forecast 2019-2028
The global smart beacon market is expected to witness a robust growth rate of more than 34.3% during the forecast period. Smart beacons are small, wireless transmitters and micro location-based technology devices that use Bluetooth technology to send signals to other smart devices nearby. The smart beacon detects the location of the devices and then starts tracking. They are widely used in various industries including retail, hospitality, transportation and logistics, education, and others. The market growth is attributed to the growing need for spatial data for analytics, growth in proximity marketing, increasing adoption of smartphones, and the development of advanced communication technologies like smart wearables.
Market Segmentation
The global smart beacon market has been analyzed on the basis of component, standard, connectivity type, end use, and region. based on component, the market is segmented into hardware, software, and services. Among these, hardware segment is estimated to hold a prominent share while service segment is projected to exhibit considerable growth during the forecast period. Based on standard, the market is bifurcated into iBeacon and eddystone. Among these, iBeacon is estimated to hold a prominent share in the market.
Based on connectivity type, the market is segmented into Bluetooth Low Energy (BLE), Wi-Fi, and hybrid. BLE segment held the dominant share in the market. Further, on the basis of end use, the market covers the analysis of retail, transportation & logistics, aviation, healthcare, BFSI, automotive, and others. Retail segment is estimated to hold a significant share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global smart beacon market is characterized by the presence of players operating in the market. Some of the players operating in the market include Fujitsu Components Ltd., Aruba Networks (Hewlett Packard Enterprise Development LP), HID Global Corporation (ASSA ABLOY), Leantegra Inc., Sensoro Co. Ltd., Radius Networks, Kontakt.io, Cisco System Inc., Tuya Inc., Estimote Inc., JAALEE Technology Co. Ltd., Accent Advanced Systems SLU, and others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Collaborations and product launches are some of the key strategies followed by industry players. Some of the key developments in the global smart beacon market include:
? In July 2021, China-based Tuya Inc. launched Tuya Beacon, a developer-friendly Bluetooth protocol to empower the intelligent upgrade and transformation of smart devices with location-based technology.
? In March 2019, Estiomote released a new generation of proximity beacons that have a Bluetooth 5 chip, long-lasting batteries, temperature monitoring, RGB-color LED for configuration feedback, and AR VLC, among other features.
Global Smart Beacon Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players? expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter?s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Smart Beacon Market: Key Investment Analysis
9.1. By Smart Beacon Manufacturers
9.2. By Region
9.3. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
10.1. By Smart Beacon Standard
10.1.1.1. iBeacon
10.1.1.2. Eddystone
10.2. By Hardware Components
10.2.1.1. Standard Beacon
10.2.1.2. Card Beacon
10.2.1.3. Sticker Beacon
11. Parent Market Overview: Global ICT Market
12. Segmental Analysis
12.1. Global Smart Beacon Market by Components
12.1.1. Segment Overview
12.1.1.1. Hardware
12.1.1.1.1. Standard Beacon
12.1.1.1.2. Card Beacon
12.1.1.1.3. Sticker Beacon
12.1.1.2. Software
12.1.1.3. Services
12.2. Global Smart Beacon Market by Standard
12.2.1. Segment Overview
12.2.1.1. iBeacon
12.2.1.2. Eddystone
12.3. Global Smart Beacon Market by Connectivity Type
12.3.1. Segment Overview
12.3.1.1. Bluetooth Low Energy (BLE)
12.3.1.1.1. BLE 4.0
12.3.1.1.2. BLE 5.0
12.3.1.2. Wi-Fi
12.3.1.3. Hybrid
12.4. Global Smart Beacon Market by End Use
12.4.1. Segment Overview
12.4.1.1. Retail
12.4.1.2. Transportation and Logistics
12.4.1.3. Aviation
12.4.1.4. Healthcare
12.4.1.5. Banking, Financial Services, and Insurance (BFSI)
12.4.1.6. Automotive
12.4.1.7. Others (Education)
12.5. Global Smart Beacon Market by Region
12.5.1. North America
12.5.2. Latin America
12.5.3. Western Europe
12.5.4. Eastern Europe
12.5.5. Asia Pacific
12.5.6. Middle East & Africa
13. Regional Analysis
13.1. North America Smart Beacon Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North America Smart Beacon Market by Components
13.1.3. North America Smart Beacon Market by Standard
13.1.4. North America Smart Beacon Market by Connectivity Type
13.1.5. North America Smart Beacon Market by End Use
13.1.6. North America Smart Beacon Market by Country
13.1.6.1. US
13.1.6.2. Canada
13.2. Latin America Smart Beacon Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Latin America Smart Beacon Market by Components
13.2.3. Latin America Smart Beacon Market by Standard
13.2.4. Latin America Smart Beacon Market by Connectivity Type
13.2.5. Latin America Smart Beacon Market by End Use
13.2.6. Latin America Smart Beacon Market by Country
13.2.6.1. Brazil
13.2.6.2. Mexico
13.2.6.3. Rest of Latin America
13.3. Western Europe Smart Beacon Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Western Europe Smart Beacon Market by Components
13.3.3. Western Europe Smart Beacon Market by Standard
13.3.4. Western Europe Smart Beacon Market by Connectivity Type
13.3.5. Western Europe Smart Beacon Market by End Use
13.3.6. Western Europe Smart Beacon Market by Country
13.3.6.1. Germany
13.3.6.2. UK
13.3.6.3. France
13.3.6.4. Spain
13.3.6.5. Italy
13.3.6.6. Benelux
13.3.6.7. Nordic
13.3.6.8. Rest of Western Europe
13.4. Eastern Europe Smart Beacon Market Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. Eastern Europe Smart Beacon Market by Components
13.4.3. Eastern Europe Smart Beacon Market by Standard
13.4.4. Eastern Europe Smart Beacon Market by Connectivity Type
13.4.5. Eastern Europe Smart Beacon Market by End Use
13.4.6. Eastern Europe Smart Beacon Market by Country
13.4.6.1. Russia
13.4.6.2. Poland
13.4.6.3. Rest of Eastern Europe
13.5. Asia Pacific Smart Beacon Market Analysis and Forecast 2019-2028
13.5.1. Regional Market Overview and Key Takeaways
13.5.2. Asia Pacific Smart Beacon Market by Components
13.5.3. Asia Pacific Smart Beacon Market by Standard
13.5.4. Asia Pacific Smart Beacon Market by Connectivity Type
13.5.5. Asia Pacific Smart Beacon Market by End Use
13.5.6. Asia Pacific Smart Beacon Market by Country
13.5.6.1. China
13.5.6.2. Japan
13.5.6.3. India
13.5.6.4. South Korea
13.5.6.5. Australia
13.5.6.6. ASEAN
13.5.6.7. Rest of Asia-Pacific
13.6. Middle East & Africa Smart Beacon Market Analysis and Forecast 2019-2028
13.6.1. Regional Market Overview and Key Takeaways
13.6.2. Middle East & Africa Smart Beacon Market by Components
13.6.3. Middle East & Africa Smart Beacon Market by Standard
13.6.4. Middle East & Africa Smart Beacon Market by Connectivity Type
13.6.5. Middle East & Africa Smart Beacon Market by End Use
13.6.6. Middle East & Africa Smart Beacon Market by Country
13.6.6.1. GCC
13.6.6.2. South Africa
13.6.6.3. Turkey
13.6.6.4. Rest of the Middle East & Africa
14. Competitive Landscape
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Company Profiles
14.4.1. Fujitsu Components Ltd.
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Key Financials
14.4.1.4. Recent Developments
14.4.2. Aruba Networks (Hewlett Packard Enterprise Development LP)
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. HID Global Corporation (ASSA ABLOY)
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Financials
14.4.3.4. Recent Developments
14.4.4. Leantegra Inc.
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Financials
14.4.4.4. Recent Developments
14.4.5. Sensoro Co. Ltd.
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. Radius Networks
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Kontakt.io
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Cisco System Inc.
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Tuya Inc.
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. Estimote Inc.
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. JAALEE Technology Co. Ltd.
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
14.4.12. Accent Advanced Systems SLU
14.4.12.1. Company Overview
14.4.12.2. Product/Service Offerings
14.4.12.3. Financials
14.4.12.4. Recent Developments
15. Disclaimer
List of Figures
Figure 01: Global Smart Beacon Market Volume (?000 units), 2019-2021
Figure 02: Global Smart Beacon Market Volume (?000 units) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 03: Smart Beacon, Pricing Analysis per unit (US$), in 2022
Figure 04: Smart Beacon, Pricing Forecast per unit (US$), in 2028
Figure 05: Global Smart Beacon Market Value Analysis (US$ Mn), 2019-2021
Figure 06: Global Smart Beacon Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 07: Global Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 08: Global Smart Beacon Market Y-o-Y Analysis (%) by Components, 2022-2028
Figure 09: Global Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 10: Global Smart Beacon Market Y-o-Y Analysis (%) by Standard, 2022-2028
Figure 11: Global Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 12: Global Smart Beacon Market Y-o-Y Analysis (%) by Connectivity Type, 2022-2028
Figure 13: Global Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 14: Global Smart Beacon Market Y-o-Y Analysis (%) by End Use, 2022-2028
Figure 15: Global Smart Beacon Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 16: Global Smart Beacon Market Y-o-Y Growth (%) by Region, 2022?2028
Figure 17: North America Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 18: North America Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 19: North America Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 20: North America Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 21: North America Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 22: Latin America Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 23: Latin America Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 24: Latin America Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 25: Latin America Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 26: Latin America Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 27: Western Europe Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 28: Western Europe Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 29: Western Europe Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 30: Western Europe Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 31: Western Europe Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 32: Eastern Europe Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 33: Eastern Europe Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 34: Eastern Europe Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 35: Eastern Europe Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 36: Eastern Europe Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 37: Asia Pacific Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 38: Asia Pacific Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 39: Asia Pacific Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 40: Asia Pacific Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 41: Asia Pacific Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 42: Middle East & Africa Smart Beacon Market Size and Market Share Analysis (%) by Components, 2022 & 2028
Figure 43: Middle East & Africa Smart Beacon Market Size and Market Share Analysis (%) by Standard, 2022 & 2028
Figure 44: Middle East & Africa Smart Beacon Market Size and Market Share Analysis (%) by Connectivity Type, 2022 & 2028
Figure 45: Middle East & Africa Smart Beacon Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 46: Middle East & Africa Smart Beacon Market Size and Market Share Analysis (%) by Country, 2022 & 2028
List of Tables
Table 1: Global Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 2: Global Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 3: Global Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 4: Global Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 5: Global Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 6: Global Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 7: Global Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 8: Global Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 9: Global Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 10: Global Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Region
Table 11: North America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 12: North America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 13: North America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 14: North America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 15: North America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 16: North America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 17: North America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 18: North America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 19: North America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 20: North America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 21: Latin America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 22: Latin America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 23: Latin America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 24: Latin America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 25: Latin America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 26: Latin America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 27: Latin America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 28: Latin America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 29: Latin America Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 30: Latin America Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 31: Western Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 32: Western Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 33: Western Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 34: Western Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 35: Western Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 36: Western Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 37: Western Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 38: Western Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 39: Western Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 40: Western Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 41: Eastern Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 42: Eastern Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 43: Eastern Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 44: Eastern Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 45: Eastern Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 46: Eastern Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 47: Eastern Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 48: Eastern Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 49: Eastern Europe Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 50: Eastern Europe Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 51: Asia Pacific Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 52: Asia Pacific Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 53: Asia Pacific Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 54: Asia Pacific Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 55: Asia Pacific Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 56: Asia Pacific Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 57: Asia Pacific Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 58: Asia Pacific Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 59: Asia Pacific Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 60: Asia Pacific Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 61: Middle East & Africa Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Components
Table 62: Middle East & Africa Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Components
Table 63: Middle East & Africa Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Standard
Table 64: Middle East & Africa Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Standard
Table 65: Middle East & Africa Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connectivity Type
Table 66: Middle East & Africa Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Connectivity Type
Table 67: Middle East & Africa Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 68: Middle East & Africa Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 69: Middle East & Africa Smart Beacon Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 70: Middle East & Africa Smart Beacon Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Global Smart Beacon Market Analysis and Forecast 2019-2028
The global smart beacon market is expected to witness a robust growth rate of more than 34.3% during the forecast period. Smart beacons are small, wireless transmitters and micro location-based technology devices that use Bluetooth technology to send signals to other smart devices nearby. The smart beacon detects the location of the devices and then starts tracking. They are widely used in various industries including retail, hospitality, transportation and logistics, education, and others. The market growth is attributed to the growing need for spatial data for analytics, growth in proximity marketing, increasing adoption of smartphones, and the development of advanced communication technologies like smart wearables.
Market Segmentation
The global smart beacon market has been analyzed on the basis of component, standard, connectivity type, end use, and region. based on component, the market is segmented into hardware, software, and services. Among these, hardware segment is estimated to hold a prominent share while service segment is projected to exhibit considerable growth during the forecast period. Based on standard, the market is bifurcated into iBeacon and eddystone. Among these, iBeacon is estimated to hold a prominent share in the market.
Based on connectivity type, the market is segmented into Bluetooth Low Energy (BLE), Wi-Fi, and hybrid. BLE segment held the dominant share in the market. Further, on the basis of end use, the market covers the analysis of retail, transportation & logistics, aviation, healthcare, BFSI, automotive, and others. Retail segment is estimated to hold a significant share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global smart beacon market is characterized by the presence of players operating in the market. Some of the players operating in the market include Fujitsu Components Ltd., Aruba Networks (Hewlett Packard Enterprise Development LP), HID Global Corporation (ASSA ABLOY), Leantegra Inc., Sensoro Co. Ltd., Radius Networks, Kontakt.io, Cisco System Inc., Tuya Inc., Estimote Inc., JAALEE Technology Co. Ltd., Accent Advanced Systems SLU, and others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Collaborations and product launches are some of the key strategies followed by industry players. Some of the key developments in the global smart beacon market include:
? In July 2021, China-based Tuya Inc. launched Tuya Beacon, a developer-friendly Bluetooth protocol to empower the intelligent upgrade and transformation of smart devices with location-based technology.
? In March 2019, Estiomote released a new generation of proximity beacons that have a Bluetooth 5 chip, long-lasting batteries, temperature monitoring, RGB-color LED for configuration feedback, and AR VLC, among other features.
