A smart beacon is a device that sends a signal to other smart devices in the vicinity with the help of a small wireless transmitter and using a low energy Bluetooth signal. Smart beacons are small and inexpensive, micro-location-based technology devices that can send radio frequency signals to Bluetooth devices to notify them of their presence and transmit information. This is a small, Bluetooth device that, when placed in a physical space like your retail store, transmits a small radio signal around itself at low power consumption. Using Bluetooth technology, the device is able to estimate the smartphone's position and communicate with them by exchanging data and information. The micro-location system is capable of locating mobile devices as close as four inches or as far as 200 feet away. A Bluetooth beacon is like a smart lighthouse: instead of emitting visible light, it transmits a single frequency that other devices can see, however, it transmits a radio signal made up of a mixture of letters and numbers that are transmitted at regular intervals of about 1. / 10th of a second. A Bluetooth-equipped device like a smartphone can see a beacon when it comes into range, such as for sailors looking for lighthouses to know where they are, check out a Bluetooth beacon solution. The beacon market is booming at a rate never seen before in other types of technology, fueled by modern communications and the growing popularity of radio-frequency identification, Internet of Things tech. Industries such as entertainment, construction and building, transportation and logistics are in high demand for advanced Bluetooth applications, new Bluetooth beacons such as Bluetooth 5 Beacon and Bluetooth 5.1 Beacon. Most governments around the world are embarking on smart city building projects, so they will need to deploy BLE beacons to provide services such as bearings, advertisements and promotions, among others. BLE Bluetooth Beacons, Hospitality, BFSI, Retail and many other industries are driving the current appetite for this technology. This is why tech giants like Apple and Google have spared no expense in investing and developing their beacon protocols to add to the market, Apple, Inc. Google LLC prides itself on iBeacon while Eddystone. This leads to high adoption rate among end users, establishment of personal communication base is possible through this technology and these factors will increase the expansion of smart beacons market.
The report “Smart Beacon Market, By Standard Type (iBeacon, Eddystone, and Others) By Connectivity Type (Bluetooth Low Energy, Wi-Fi, and Hybrid), By Component (Hardware (Standard Beacon, Sticker Beacon, Card Beacon), Software and Services), By Application (Tracking & Tracing, Engagement, Position & Navigation, Analytics, and Others), By End Use (Retail, Hospitality, Automotive, Aviation, Transportation & Logistics, Healthcare, BFSI, Education, Public Gathering and spaces, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “.
Key Highlights:
· In January 2023, Berkeley Lights, Inc., a life science tools company, announced the launch of Beacon Select, the company's new optofluidic system for cell line development. Beacon Select is based on the same cutting edge technology offered by the original Beacon System launched in 2017 which currently has over 130 systems installed globally.
· In December 2021, CAR-LITE and Sigfox launched an intelligent light beacon based on the oG network to replace emergency triangles on the road. The new light beacon, designed and developed by CAR-LITE, will send automatic alerts to the relevant road safety authorities and accurately geo-locate the location of failed vehicles, based on the Sigfox oG network, without the need for an internet connection, Wi-Fi or SIM card.
Analyst View:
Smart beacons installed in stores, event venues or any public place allow businesses to track a customer's exact location at any given time and provide targeted notifications for deals, discounts and more. Smart beacons installed in shops, event venues or any public place allow businesses to track a customer's exact location at any given time and deliver targeted notifications for deals, discounts and offers. A smart beacon is a device that sends a signal to other smart devices in the vicinity with the help of a small wireless transmitter and using a low energy Bluetooth signal. Beacons are small wireless transmitters that transmit signals to other nearby mobile devices using Bluetooth low-energy technology. Innovation in the Smart Beacon market is increasing across the globe, driven by technological advancements in smart beacons that are more efficient to use.
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Key Market Insights from the report:
Smart Beacon Market accounted for US$ 3,844.4 Million in 2022 and is estimated to be US$ 31,746.0 Million by 2032 and is anticipated to register a CAGR of 31.5%. The Smart Beacon Market is segmented based on standard type, connectivity type, component, application, end use and Region.
· Based on Standard type, the Smart Beacon Market is segmented into iBeacon, Eddystone, and Others.
· Based on Connectivity type, the target market is classified into Bluetooth Low Energy, Wi-Fi, and Hybrid.
· Based on Component, the Smart Beacon Market is segmented into Hardware (Standard Beacon, Sticker Beacon, and Card Beacon), Software and Services.
· Based on Application, the target market is classified into Tracking & Tracing, Engagement, Position & Navigation, Analytics, and Others.
· Based on End Use, the target market is classified into Retail, Hospitality, Automotive, Aviation, Transportation & Logistics, Healthcare, BFSI, Education, Public Gathering and spaces, Others.
· By Region, the Smart Beacon Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Smart Beacon Market:
The prominent players operating in the Smart Beacon Market includes, Estimote , Inc., MOKOSmart, Zebra Technologies Corp, Kartographers Technologies Pvt. Ltd., Radious Networks, Inc., Cisco Systems Inc., Aruba-Hewlett Packard Enterprise Company, Bluvision-HID Global Company, Leantegra Inc., Accent Advanced Systems, Sensor Co., Ltd, Swirl Networks. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Smart Beacon Market A new market study, titled “Smart Beacon Market ” has been featured on Market Research Future.More Information@ https://www.marketresearchfuture.com/reports/smart-beacon-market-8181According to Market Research Future, the global smart beacon market has been segmented on the basis of beacon standard, connectivity type, component, end user, and region.Smart beacons are easily scalable and have improved logistics operations with asset tracking, leading to improvements in capacity sensing, planning, reporting, and fault detection.
Magnetic beacons and receiver with magnetic sensors are mostly adopted for a wide range of indoor events and applications such as pedestrian and robot navigation.
For instance, during the preparations for the 2018 World Cup, the Russian Railways partnered with Navigine, a provider of software tools for mobile developers, and Kontakt.io, a provider of proximity technologies, to use Kontakt.io’s Bluetooth low-energy beacons, with smartphone sensors, accelerometers, gyroscopes, barometers, and magnetometers, and Navigine’s app to determine the user’s position in the station down to 1 meter.
The app also incorporated relevant information like train schedules, platforms numbers, locations, and ticket purchasing capabilities.
The global smart beacon market has been segmented on the basis of beacon standard, connectivity type, component, end user, and region.On the basis of beacon standard, the market has been segmented into iBeacon, Eddystone, others.
The Eddystone beacon standard is projected to show the highest CAGR during the forecast period owing to enhanced and a number of new features as compared to iBeacon standard.
Market OverviewThe rising need for outdoor navigation tools is predicted to spur the smart beacon market 2020.
The chipset and processors industry reports are produced by Market Research Future, which focusses market possibilities for development.
The escalating demand from retail outlets, offices and airports for smart beacons is estimated to further stimulate the smart beacon market companies in the forecast period.Segmental AnalysisThe segmental study of the smart beacon market has been conducted on the basis of connectivity type, end user, beacon standard, component, and region.
The European regional market accounted for the leading market stake in 2020 as firms in this region are approving technologically progressive marketing platforms to attain the shares in the particular markets.The North American region holds the second biggest market stake as this region is believed to be the initial adopter of this technology.
The regional market of the Asia Pacific is anticipated to be the speediest growing region due to the mounting traction of the beacon technology in the nations such as Australia and China.Competitive AnalysisThe growth restraints of the market are foreseen to be momentous and will need to be neutralized to unlock favorable development in the market.
The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period.
smart beacon marketThe global smart beacon market is expected to grow from USD 1,240.0 million in 2018 to USD ~25,000.0 million by 2025, at a CAGR of ~54% during the forecast period.
Since a few years, the rapid advances in information and communication technology has encouraged people to install intelligent appliances that have the capability to transmit information between connected devices in their homes.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8181Also, in organizations, smart beacons give automatic notifications when an unauthorized person tries to enter a restricted or dangerous zone.
In larges venues or places like stadiums or theatres, smart beacons can increase service efficiency and reduce queuing time as it can activate timely messages regarding refreshments and location, thereby improving the consumer experience and increase their engagement.
Thus, there is an opportunity to use smart beacons to increase sales of value-added products, such as popcorn at a cinema and refreshments at a stadium.Key playersThe key players in the smart beacon market are Estimote, Inc. (US), Aruba-Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco Systems Inc. (US), Bluvision-HID Global Company) (US), Leantegra Inc. (US), Gimbal, Inc. (US), Accent Advanced Systems, SLU (Spain), Swirl Networks (US), and Sensoro Co., Ltd (US).Other prominent players studied for the Smart Beacon Market are Blue Cats (Australia), JAALEE Technology (China), Square Metrics GmbH (Germany), BlueUp Srls (Italy), Bleesk Benelux Sprl (Spain), Radius Networks Inc. (US), Resono (Netherlands) among others.Regional AnalysisThe global smart beacon market is projected to grow at a significant rate during the forecast period from 2019 to 2025.
Europe dominates the global smart beacon market as smart beacons are being implemented by many hospitals to enable better asset tracking, improve information flow to the hospital staff, enhance equipment utilization, and increase the overall quality of medical services.
Also, many startups are making use of smart beacons for various applications.
Smart Beacon market was valued at 1090 Million US$ in 2018 and is projected to reach 40200 Million US$ by 2025, at a CAGR of 57.0% during the forecast period.
A Smart Beacon is a small Bluetooth radio transmitter.Its kind of like a lighthouse: it repeatedly transmits a single signal that other devices can see.
Instead of emitting visible light, though, it broadcasts a radio signal that is made up of a combination of letters and numbers transmitted on a regular interval of approximately 1/10th of a second.
A Bluetooth-equipped device like a smartphone can see a beacon once its in range, much like sailors looking for a lighthouse to know where they are.Europe held the largest share of the smart beacon market in 2017 owing to the high traction of the beacon technology and growing need for technologically advanced marketing platforms among the end users to capture the shares in the respective markets.
Further, the market is still in a nascent stage in this region and has a lot of potential.
This report presents the worldwide Smart Beacon market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
