- iBeacon
- Eddystone
- Others
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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
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
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 |