By 2026, the global beacon market is expected to be worth USD 31.61 billion.

 





The smart beacon market is expected to grow at a CAGR of 56.2 percent between 2017 and 2023, from USD 770.3 Million in 2016 to USD 19,805.5 Million in 2023.

Beacon is a wireless transmitter device that uses low energy Bluetooth, WiFi, or hybrid technology to send data to nearby smart devices such as smartphones, tablets, and others. The smart beacon market is divided into four sections: connectivity type, beacon standard, offering, and end-user. The growth among segments allows you to analyze niche pockets of growth and market approaches, as well as determine your core application areas and the difference in your target markets.



The smart beacon market is divided into two categories based on connectivity type: Bluetooth low energy (BLE) and hybrid. Bluetooth low energy (BLE) is divided into two versions: BLE 4.0 and BLE 5.0.

The smart beacon market is divided into two categories based on beacon standards: beacon and Eddystone.

The smart beacon market is divided into four segments based on end-user: transportation and logistics, retail, public gatherings and spaces, hospitality, healthcare, automotive, banking, financial services, and insurance (BFSI), sports education, and aviation.

The smart beacon market is expected to grow at a CAGR of 51.9 percent from 2020 to 2027. The Data Bridge Market Research report on the smart beacon market provides analysis and insights into the various factors that are expected to be prevalent during the forecasted period, as well as their impacts on the market's growth.

The adoption of smartphones, the use of spatial data in analytics, and a focus on business intelligence to gain a competitive advantage are the factors driving the growth of the smart beacon market. The smart beacon market is restrained by the preference for online retail platforms and safety concerns. The adoption of smart logistics and transportation beacons provide an opportunity. Privacy concerns are among the difficulties that the smart beacon market faces.

The countries covered in the market report are the United States, Canada, and Mexico in North America, Brazil, Argentina, and the Rest of South America in South America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines. Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, the United Arab Emirates, South Africa, Egypt, Israel, the Rest of the Middle East and Africa (MEA) in the Middle East and Africa (MEA).

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