Beacon Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Beacon Market: By Standard Type (iBeacon, Eddystone, and Others) Material Type (Bluetooth Low Energy (BLE), Wi-Fi, and Hybrid), Application (Hardware, Software, and Service), End Users (Retail, Hospitality, Transportation & Logistics, Healthcare, BFSI, and Education), And Region (North America, Europe, Asia Pacific, Latin America, And MEA) And Forecast To 2028

 

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Report

Description

Beacon Market size is expected to be valued at USD 714.2 million in 2022 and is expected to grow at a CAGR of 37.2% in 2022-2028. Beacon is an inexpensive, small wireless tool that transmits signals using Bluetooth SMART technology or Bluetooth Low Energy (BLE). Compatible devices containing smartphone applications can recognize signals from the nearby area from the beacon and then start an experience such as sending promotional coupons, URL forms, videos, notifications, and others through the application. Beacon is used In various sectors owing to certain properties such as low influence on the battery life, high degree of precision compared to other geo-location techniques, and no requirement of internet connections as it communicates via Bluetooth. Rising investment in the proximity market worldwide can lead to the Beacon Market beacon market growth. Moreover, security and safety, resource optimization, and employee and asset monitoring are some primary factors that can boost the beacon market growth. Apart from these, increasing advanced communication techniques and rising adoption of smart devices can also accelerate the market in the future. Enhanced standard of living, technological impact, rise in disposable income, the entrance of foreign retailers, and increasing consumerism can also drive the global market further. Moreover, with the rise in organized retail stores such as a departmental stores, supermarkets, hypermarkets, and discounters the demand for the beacon market is expected to increase as a beacon makes a retail shop smarter. However, some factors such as increasing concern regarding privacy and data security and lack of existence of technological resources can restrain the growth of the market. An increase in the organized retail industry can create an opportunity for the growth of the beacon market.

Recent Market Developments:

In October 2020, Fetch.ai launched Random Number Beacon on Binance Smart Chain.

In September 2020, Australian Smart Satellite Center collaborated with NASA to use beacon technology to utilize developing satellite technology to advanced communication and navigation systems.

Beacon Market

MARKET SUMMARY
-
37.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 37.2%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Beacon Market

  • The global beacon market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global beacon market gives historical, current, and future market sizes on the basis of standard type, material type, application, end users, and region.
Key Players
  • Radius Networks
  • Accent Systems
  • Cisco System
  • Estimote
  • Leantegra
Beacon Market Dynamics

One of the major reasons for the global beacon market growth is the rising investments in proximity marketing. Proximity marketing has witnessed an increased investment due to enhanced customer relationships, inexpensive and real-time nature, and high chances of successful sales conversion in comparison with the traditional market. Moreover, the increasing adoption of smart devices is expected to propel the growth of the market in the forecast period due to changes in the buying habits of consumers in recent years. However, the beacon does not require internet connectivity as mobile applications pick signals from Bluetooth.


North-America Got Significant Share

Beacon Market

North America is dominating the global beacon market growth, due to the increasing adoption of essential communication technology such as NFC, Bluetooth, Wi-Fi, and IoT. Moreover, the presence of global key players in this region, rising investments from the government, and increasing demand for proximity technology in the public sector and retails have also attributed to the growth of the market. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. Rising demand for location-based services from various sectors such as entertainment, transport, logistics, and the education and research industry as it uses beacon technology has the potential to increase the demand for beacons in these regions. Apart from this, rising government and private funding, an increase in customer expenditure, and the use of beacons by offline retailers to gain more consumers have created a demand for the use of beacons.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The beacon market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Beacon Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The beacon market is projected to expand at a CAGR of 37.2% during the forecast period

Fujitsu Components Ltd., Radius Networks, Cisco System, Estimote, Leantegra

North America is the fastest-growing region for the beacon market


Report

Table Of Content

1. Executive Summary
2. Global Beacon Market Introduction
2.1. Global Beacon Market – Taxonomy
2.2. Global Beacon Market –Definitions
2.2.1. Standard Type
2.2.2. Material Type
2.2.3. Application
2.2.4. End User
2.2.5. By Region
3. Global Beacon Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Beacon Market Dynamic Factors – Impact Analysis
3.6. Global Beacon Market – Competition Landscape
3.7. Epidemiology
4. Global Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Beacon Market, By Standard Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. iBeacon
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Eddystone
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Others
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Beacon Market, By Material Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Bluetooth Low Energy (BLE)
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Wi-Fi
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Hybrid
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Beacon Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Hardware
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Software
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Service
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Beacon Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Retail
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Hospitality
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Transportation & Logistics
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Healthcare
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. BFSI
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Education
8.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Others
8.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
9. Global Beacon Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Beacon Market – Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Region, 2022-2028
10. North America Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Standard Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. iBeacon
10.1.2. Eddystone
10.1.3. Others
10.2. Material Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Bluetooth Low Energy (BLE)
10.2.2. Wi-Fi
10.2.3. Hybrid
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Hardware
10.3.2. Software
10.3.3. Service
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Retail
10.4.2. Hospitality
10.4.3. Transportation & Logistics
10.4.4. Healthcare
10.4.5. BFSI
10.4.6. Education
10.4.7. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Beacon Market – Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Country, 2022-2028
10.7. North America Beacon Market Dynamics – Trends
11. Europe Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Standard Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. iBeacon
11.1.2. Eddystone
11.1.3. Others
11.2. Material Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Bluetooth Low Energy (BLE)
11.2.2. Wi-Fi
11.2.3. Hybrid
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Hardware
11.3.2. Software
11.3.3. Service
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Retail
11.4.2. Hospitality
11.4.3. Transportation & Logistics
11.4.4. Healthcare
11.4.5. BFSI
11.4.6. Education
11.4.7. Others
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Beacon Market – Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Country, 2022-2028
11.7. Europe Beacon Market Dynamics – Trends
12. Asia-Pacific Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Standard Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. iBeacon
12.1.2. Eddystone
12.1.3. Others
12.2. Material Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Bluetooth Low Energy (BLE)
12.2.2. Wi-Fi
12.2.3. Hybrid
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Hardware
12.3.2. Software
12.3.3. Service
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Retail
12.4.2. Hospitality
12.4.3. Transportation & Logistics
12.4.4. Healthcare
12.4.5. BFSI
12.4.6. Education
12.4.7. Others
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Beacon Market – Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Country, 2022-2028
12.7. Asia-Pacific Beacon Market Dynamics – Trends
13. Latin America Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Standard Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. iBeacon
13.1.2. Eddystone
13.1.3. Others
13.2. Material Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Bluetooth Low Energy (BLE)
13.2.2. Wi-Fi
13.2.3. Hybrid
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Hardware
13.3.2. Software
13.3.3. Service
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Retail
13.4.2. Hospitality
13.4.3. Transportation & Logistics
13.4.4. Healthcare
13.4.5. BFSI
13.4.6. Education
13.4.7. Others
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Beacon Market – Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Country, 2022-2028
13.7. Latin America Beacon Market Dynamics – Trends
14. Middle East and Africa Beacon Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Standard Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. iBeacon
14.1.2. Eddystone
14.1.3. Others
14.2. Material Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Bluetooth Low Energy (BLE)
14.2.2. Wi-Fi
14.2.3. Hybrid
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Hardware
14.3.2. Software
14.3.3. Service
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Retail
14.4.2. Hospitality
14.4.3. Transportation & Logistics
14.4.4. Healthcare
14.4.5. BFSI
14.4.6. Education
14.4.7. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Beacon Market- Opportunity Analysis Index, By Standard Type, By Material Type, By Application, By End User, and Country, 2022-2028
14.7. MEA Beacon Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Standard Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Fujitsu Components Ltd.
15.2.2. Radius Networks
15.2.3. Kontakt.io
15.2.4. Cisco System
15.2.5. Estimote
15.2.6. Leantegra
15.2.7. JAALEE Technology
15.2.8. HID Global
15.2.9. Accent Systems
15.2.10. Sensoro Co. Ltd.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Fujitsu Components Ltd.
  • Radius Networks
  • Kontakt.io
  • Cisco System
  • Estimote
  • Leantegra
  • JAALEE Technology
  • HID Global
  • Accent Systems
  • Sensoro Co. Ltd.

Description

Beacon Market size is expected to be valued at USD 714.2 million in 2022 and is expected to grow at a CAGR of 37.2% in 2022-2028. Beacon is an inexpensive, small wireless tool that transmits signals using Bluetooth SMART technology or Bluetooth Low Energy (BLE). Compatible devices containing smartphone applications can recognize signals from the nearby area from the beacon and then start an experience such as sending promotional coupons, URL forms, videos, notifications, and others through the application. Beacon is used In various sectors owing to certain properties such as low influence on the battery life, high degree of precision compared to other geo-location techniques, and no requirement of internet connections as it communicates via Bluetooth. Rising investment in the proximity market worldwide can lead to the Beacon Market beacon market growth. Moreover, security and safety, resource optimization, and employee and asset monitoring are some primary factors that can boost the beacon market growth. Apart from these, increasing advanced communication techniques and rising adoption of smart devices can also accelerate the market in the future. Enhanced standard of living, technological impact, rise in disposable income, the entrance of foreign retailers, and increasing consumerism can also drive the global market further. Moreover, with the rise in organized retail stores such as a departmental stores, supermarkets, hypermarkets, and discounters the demand for the beacon market is expected to increase as a beacon makes a retail shop smarter. However, some factors such as increasing concern regarding privacy and data security and lack of existence of technological resources can restrain the growth of the market. An increase in the organized retail industry can create an opportunity for the growth of the beacon market.

Recent Market Developments:

In October 2020, Fetch.ai launched Random Number Beacon on Binance Smart Chain.

In September 2020, Australian Smart Satellite Center collaborated with NASA to use beacon technology to utilize developing satellite technology to advanced communication and navigation systems.

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