Bluetooth Beacons Market, By Component (Hardware and Software), By Technology (Ibeacon, Altbeacon, URIbeacon and Eddystone), By End-Use (Retail, Airport, Museum, Building and Infrastructure, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Introduction:

Bluetooth beacon is a hardware transmitter that uses bluetooth low energy proximity sensing to broadcast their identifier to nearby portable device. This technology enables smartphones, tablets and other devices to perform action when they are in close proximity to a beacon. Bluetooth beacons adhere to a common set of Bluetooth protocols and are compatible with all Bluetooth-enabled devices. Additionally, bluetooth beacons come in a variety of shapes, including tiny coin-operated devices, USB sticks, and generic USB dongles with Bluetooth 4.0 capabilities. The main reasons propelling growth of the global bluetooth beacons market are rising acceptance of bluetooth beacons due to their affordability and simplicity of deployment. Global smartphone adoption and growing knowledge of bluetooth beacon technology are the two main drivers of the market's expansion. Growing integration of bluetooth beacons in point-of-sale (POS) devices, cameras, LED lightening, and digital signage are other factors which are expected to drive growth of the global bluetooth beacon market over the forecast period. These devices are compatible with almost all operating systems which is another factor expected to aid growth of the global bluetooth beacons market over the forecast period. Also, limited scalability and variations in signal strength are some other factors expected to hamper growth of the target market to a certain extent. Increasing use of bluetooth beacons for mobile payment systems and its increasing adoption by major retail outlets for providing customers with deals, flash sales and product information are trends witnessed in the target market. Bluetooth Beacons Market size accounted for USD 2.25 billion in 2020 and is expected to grow to USD 492.41 billion in 2030 at a compound annual growth rate (CAGR) of 51.0%.

Increase use of Bluetooth Beacons

Driving the growth of the global Bluetooth beacon market is the growing awareness of iBeacon technology. Other important drivers include the increasing use of smartphones and the increasing spending power of consumers, which in turn increases the use of smartphone. The market for Bluetooth beacons is also growing due to the increase in organized commerce including hypermarkets, supermarkets, specialty stores, department stores, cash and carry stores, and discounters. This is because contactless payment systems and offers, flash specials and product information are communicated to clients through Bluetooth beacons in all retail areas. Product distribution and multichannel marketing have evolved into key trends in the retail industry, driving the growth of the Bluetooth beacons market.

Technological advancement

Growing popularity of IoT technology along with increasing integration of advanced communication technologies such as Bluetooth, Wi-Fi, near field communication, ratio frequency identification and others are some of the major drivers fueling the growth of the beacon market. Various technological advancements in electronics and information technology have taken place at a rapid pace, resulting in the development of the global Bluetooth Beacon and iBeacon market. Rising awareness about iBeacon technology as well as growing smartphone usage and increasing purchasing power of consumers are some of the key factors driving the growth of the global Bluetooth Beacon and iBeacon market. The introduction of beacons technology has revolutionized the way adopters operate by driving a new level of customer engagement through personalization.

 

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The global bluetooth beacons can be segmented into three categories on the basis of component, technology, end-use, and region. On the basis of component, the global bluetooth beacons market can be further sub-segmented into hardware and software. Based on technology the global bluetooth beacon market can be classified into Ibeacon, altbeacon, URIbeacon and eddystone. On the basis of end-use the global bluetooth beacons can be further classified into Retail, Airport, Museum, Building and Infrastructure, and Others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the global Bluetooth Beacons market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It is expected that the market in North America will account for highest share in terms of revenue and will dominate the target market. This dominance is due to increasing adoption of Bluetooth beacons by major retail industries in countries in the region. The market in Asia Pacific is expected to register significant growth in the target market over the forecast period. The reason for this is that consumers are becoming more aware of Bluetooth beacon technology and the expanding range of uses it has in the retail sector, particularly in developing nations like China and India. Moreover, market in the Middle East is supposed to witness moderate growth over the forecast period, due to increasing use of smartphones and growing organized retail industry in the region.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2019 to 2029
Market Segmentation	By Component - Hardware and Software By Technology - Ibeacon, Altbeacon, URIbeacon and Eddystone  By End-Use - Retail, Airport, Museum, Building and Infrastructure, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Bluetooth Beacons market report based on component, technology, end-user and region:

Global Bluetooth Beacons Market, By Component:

• Hardware
• Software

Global Bluetooth Beacons Market, By Technology:

• Ibeacon
•  Altbeacon
•  URIbeacon
•  Eddystone

Global Bluetooth Beacons Market, By End User:

•  Retail
•  Airport
•  Museum
•  Building and Infrastructure
• Others 

Global Bluetooth Beacons Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Key players operating in the global bluetooth beacons market such as Blue Sense Networks Ltd., Bluvision, Inc., Kontakt.io, Inc., Onyx Beacon Ltd., Radius Networks, Inc., Glimworm Beacons, Gimbal, Inc., Estimote, Inc., BlueCats network, Inc., and Accent Advanced Systems, SLU.

For instance, In April 2022, now is the time for New Zealand businesses to adopt better systems for site visitors, employees and contractors, Bluetooth beacons are being used by organizations such as banks to provide real-time visibility into office space occupancy so that employees can see which seats are available to choose from, facilitating collaboration between colleagues, partners and guests. The technology is also being used in offices and on-site to ensure safety by mobilizing those on-site during emergencies.

• Blue Sense Networks Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Bluvision Inc.
• Kontakt.io Inc.
•  Onyx Beacon Ltd.
•  Radius Networks Inc.
•  Glimworm Beacons
•  Gimbal Inc.
•  Estimote Inc.
•  BlueCats network Inc.
•  Accent Advanced Systems
•  SLU

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Bluetooth Beacons Strategies
     • Key Questions this Study will Answer
     • • By Component (Hardware and Software)
       • By Technology (Ibeacon, Altbeacon, URIbeacon and Eddystone)
       • By End-Use (Retail, Airport, Museum, Building and Infrastructure, and Others)
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Bluetooth Beacons Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

 

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• Blue Sense Networks Ltd., Bluvision, Inc., Kontakt.io, Inc., Onyx Beacon Ltd., Radius Networks, Inc., Glimworm Beacons, Gimbal, Inc., Estimote, Inc., BlueCats network, Inc., and Accent Advanced Systems, SLU.

1. The Last Word
   • Future Impact
   • About Us
   • Contact