Beacon Market Overview
Beacon is a wireless transmitter device that operates on low-energy Bluetooth, Wi-Fi, or hybrid technology to transfer information to attached smart devices such as smartphones, tablets, and others. The Beacon produces information in the form of promotional notifications, videos, coupons, URL forms, and others. Beacon is experiencing increasing demand from various industries such as Retail, Hospitality, Healthcare, BFSI, Entertainment, Transportation and Logistics, and Others. The global Beacon market is expected to rise at a considerable rate in the forecast period.
The growing adoption of advanced communication technologies such as Bluetooth, Wi-Fi, NFC, RFID, and others along with rising popularity are crucial factors that are escalating the growth of the Beacon market. In addition to that, the rising demand for Beacon on advanced Bluetooth technology such as Bluetooth 5.2, Bluetooth 5, Bluetooth 4 from several industries such as logistics, entertainment, and others are projected to increase the adoption of Beacon. Eventually, it intensifies the growth of the global Beacon market.
Furthermore, under smart city projects by the government, Beacon is being installed in public zones for providing location-based services, city promotion, genetic surveys, and other marketing activities. Moreover, in smart city projects, Beacon is used to improve the security system and infrastructure assets by increasing interaction with the users in its proximity zone. Therefore, with the growth of the various smart city projects across the world, the Beacon market is expected to witness growing deployment throughout the forecast period. Ultimately, this key fact promoting the growth of the market to a great extent.
On the contrary, data security concerns associated with data access from Bluetooth networks and the Internet of Things (IoT) hamper the market’s growth. Besides, the rise in the threat of cybercriminals targeting organizations via IoT devices is anticipated to limit the beacon market size in the forthcoming years.
Covid-19 Impact on Beacon Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Beacon Market Segment Overview
According to the component, the Hardware segment is projected to hold the largest share of the global Beacon market in the coming period. Beacon hardware devices can be easily installed across any location with minimum complication. The demand for the Beacon is growing mostly from industries such as retail, transportation, and logistics and others, due to the increasing emphasis on location-based applications and services. Additionally, prominent players in the Beacon market are focusing on adopting hybrid communication technologies to integrate with Beacon. These advanced Beacons are prominently developed for location-based services and are being installed in public places like shopping complexes, airports, amusement parks, trade fairs, stadiums, events, conferences, and others. All these crucial factors are expected to support the growth of this segment in the forthcoming period.
Beacon Market, By Type
· iBeacon
· Eddystone
· AltBeacon
· Others (Paypal, GeoBeacon, Samsung proximity)
Beacon Market, By Component
· Hardware
· Software/Platform Development Kit (SDK)
Beacon Market, By Deployment
· Indoor
· Outdoor
Beacon Market, By Technology
· BLE (Bluetooth Low Energy)
· Wi-Fi
· Ultrasound
· Combined Technology
Beacon Market, By End-User
In terms of region, North America commanded a major share in the global Beacon Market and is predictable to maintain its supremacy over the forecast period. This is due to the solid presence of the key players in the region and the increasing adoption of core communication technologies such as Bluetooth, NFC, Wi-Fi, and IoT technologies. Furthermore, other important factors such as growing investment and increasing demand for proximity tools in the retail and public sector are majorly contributing to the growth of the market in this region. Similarly, the Asia Pacific is expected to register the fastest growth during the forecast period. This is because of the growing demand from various industries. Furthermore, the introduction of advanced beacon devices, rising investment by the government, and foreign investment in several smart city projects are some significant factors that are escalating the growth of the market in this region.
Beacon Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Beacon Market, Key Players
· Accent Advanced Systems, SLU
· Apple, Inc.
· BlueCats Australia Pty Limited
· Dell Technologies Inc. (Blue Sense Networks)
· Estimote, Inc.
· Hewlett Packard Enterprise Company (Aruba Networks)
· Kontakt.io, Inc.
· Beaconinside GmbH
· Onyx Beacon Ltd.
· Leantegra Inc.
· Aruba Networks, Inc.
· Blue Sense Networks
· Gelo,Inc.
· Glimworm Beacon
· Sensorberg GmbH
Beacon is a wireless transmitter device that operates on low-energy Bluetooth, Wi-Fi, or hybrid technology to transfer information to attached smart devices such as smartphones, tablets, and others. The Beacon produces information in the form of promotional notifications, videos, coupons, URL forms, and others. Beacon is experiencing increasing demand from various industries such as Retail, Hospitality, Healthcare, BFSI, Entertainment, Transportation and Logistics, and Others. The global Beacon market is expected to rise at a considerable rate in the forecast period.
The growing adoption of advanced communication technologies such as Bluetooth, Wi-Fi, NFC, RFID, and others along with rising popularity are crucial factors that are escalating the growth of the Beacon market. In addition to that, the rising demand for Beacon on advanced Bluetooth technology such as Bluetooth 5.2, Bluetooth 5, Bluetooth 4 from several industries such as logistics, entertainment, and others are projected to increase the adoption of Beacon. Eventually, it intensifies the growth of the global Beacon market.
Furthermore, under smart city projects by the government, Beacon is being installed in public zones for providing location-based services, city promotion, genetic surveys, and other marketing activities. Moreover, in smart city projects, Beacon is used to improve the security system and infrastructure assets by increasing interaction with the users in its proximity zone. Therefore, with the growth of the various smart city projects across the world, the Beacon market is expected to witness growing deployment throughout the forecast period. Ultimately, this key fact promoting the growth of the market to a great extent.
On the contrary, data security concerns associated with data access from Bluetooth networks and the Internet of Things (IoT) hamper the market’s growth. Besides, the rise in the threat of cybercriminals targeting organizations via IoT devices is anticipated to limit the beacon market size in the forthcoming years.
Covid-19 Impact on Beacon Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Beacon Market Segment Overview
According to the component, the Hardware segment is projected to hold the largest share of the global Beacon market in the coming period. Beacon hardware devices can be easily installed across any location with minimum complication. The demand for the Beacon is growing mostly from industries such as retail, transportation, and logistics and others, due to the increasing emphasis on location-based applications and services. Additionally, prominent players in the Beacon market are focusing on adopting hybrid communication technologies to integrate with Beacon. These advanced Beacons are prominently developed for location-based services and are being installed in public places like shopping complexes, airports, amusement parks, trade fairs, stadiums, events, conferences, and others. All these crucial factors are expected to support the growth of this segment in the forthcoming period.
Beacon Market, By Type
· iBeacon
· Eddystone
· AltBeacon
· Others (Paypal, GeoBeacon, Samsung proximity)
Beacon Market, By Component
· Hardware
· Software/Platform Development Kit (SDK)
Beacon Market, By Deployment
· Indoor
· Outdoor
Beacon Market, By Technology
· BLE (Bluetooth Low Energy)
· Wi-Fi
· Ultrasound
· Combined Technology
Beacon Market, By End-User
- Residential
- Commercial
- Retail
- Travel, Tourism & Hospitality
- Healthcare
- BFSI
- Entertainment
- Transportation and Logistics
- Others
In terms of region, North America commanded a major share in the global Beacon Market and is predictable to maintain its supremacy over the forecast period. This is due to the solid presence of the key players in the region and the increasing adoption of core communication technologies such as Bluetooth, NFC, Wi-Fi, and IoT technologies. Furthermore, other important factors such as growing investment and increasing demand for proximity tools in the retail and public sector are majorly contributing to the growth of the market in this region. Similarly, the Asia Pacific is expected to register the fastest growth during the forecast period. This is because of the growing demand from various industries. Furthermore, the introduction of advanced beacon devices, rising investment by the government, and foreign investment in several smart city projects are some significant factors that are escalating the growth of the market in this region.
Beacon Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Beacon Market, Key Players
· Accent Advanced Systems, SLU
· Apple, Inc.
· BlueCats Australia Pty Limited
· Dell Technologies Inc. (Blue Sense Networks)
· Estimote, Inc.
· Hewlett Packard Enterprise Company (Aruba Networks)
· Kontakt.io, Inc.
· Beaconinside GmbH
· Onyx Beacon Ltd.
· Leantegra Inc.
· Aruba Networks, Inc.
· Blue Sense Networks
· Gelo,Inc.
· Glimworm Beacon
· Sensorberg GmbH
Beacon Market Study Global Market Analysis, Insights and Forecast, 2020-20275.7. Market Analysis, Insights and Forecast – By Region 6.7. Market Analysis, Insights and Forecast – By Country 7.7. Market Analysis, Insights and Forecast – By Country 8.7. Market Analysis, Insights and Forecast – By Country 9.7. Market Analysis, Insights and Forecast – By Country
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Beacon Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. iBeacon
- 5.2.2. Eddystone
- 5.2.3. AltBeacon
- 5.2.4. Others (Paypal, GeoBeacon, Samsung proximity)
- 5.3. Market Analysis, Insights and Forecast – By Component
- 5.3.1. Hardware
- 5.3.2. Software/Platform Development Kit (SDK)
- 5.4. Market Analysis, Insights and Forecast – By Deployment
- 5.4.1. Indoor
- 5.4.2. Outdoor
- 5.5. Market Analysis, Insights and Forecast – By Technology
- 5.5.1. BLE (Bluetooth Low Energy)
- 5.5.2. Wi-Fi
- 5.5.3. Ultrasound
- 5.5.4. Combined Technology
- 5.6. Market Analysis, Insights and Forecast – By End-User
- 5.6.1. Residential
- 5.6.2. Commercial
- 5.6.2.1. Retail
- 5.6.2.2. Travel, Tourism & Hospitality
- 5.6.2.3. Healthcare
- 5.6.2.4. BFSI
- 5.6.2.5. Entertainment
- 5.6.2.6. Transportation and Logistics
- 5.6.2.7. Others
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia Pacific
- 5.7.4. Latin America, Middle East and Africa
6. North America Beacon Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. iBeacon
- 6.2.2. Eddystone
- 6.2.3. AltBeacon
- 6.2.4. Others (Paypal, GeoBeacon, Samsung proximity)
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Hardware
- 6.3.2. Software/Platform Development Kit (SDK)
- 6.4. Market Analysis, Insights and Forecast – By Deployment
- 6.4.1. Indoor
- 6.4.2. Outdoor
- 6.5. Market Analysis, Insights and Forecast – By Technology
- 6.5.1. BLE (Bluetooth Low Energy)
- 6.5.2. Wi-Fi
- 6.5.3. Ultrasound
- 6.5.4. Combined Technology
- 6.6. Market Analysis, Insights and Forecast – By End-User
- 6.6.1. Residential
- 6.6.2. Commercial
- 6.6.2.1. Retail
- 6.6.2.2. Travel, Tourism & Hospitality
- 6.6.2.3. Healthcare
- 6.6.2.4. BFSI
- 6.6.2.5. Entertainment
- 6.6.2.6. Transportation and Logistics
- 6.6.2.7. Others
- 6.7.1. U.S.
- 6.7.2. Canada
7. Europe Beacon Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. iBeacon
- 7.2.2. Eddystone
- 7.2.3. AltBeacon
- 7.2.4. Others (Paypal, GeoBeacon, Samsung proximity)
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Hardware
- 7.3.2. Software/Platform Development Kit (SDK)
- 7.4. Market Analysis, Insights and Forecast – By Deployment
- 7.4.1. Indoor
- 7.4.2. Outdoor
- 7.5. Market Analysis, Insights and Forecast – By Technology
- 7.5.1. BLE (Bluetooth Low Energy)
- 7.5.2. Wi-Fi
- 7.5.3. Ultrasound
- 7.5.4. Combined Technology
- 7.6. Market Analysis, Insights and Forecast – By End-User
- 7.6.1. Residential
- 7.6.2. Commercial
- 7.6.2.1. Retail
- 7.6.2.2. Travel, Tourism & Hospitality
- 7.6.2.3. Healthcare
- 7.6.2.4. BFSI
- 7.6.2.5. Entertainment
- 7.6.2.6. Transportation and Logistics
- 7.6.2.7. Others
- 7.7.1. UK
- 7.7.2. Germany
- 7.7.3. France
- 7.7.4. Italy
- 7.7.5. Spain
- 7.7.6. Russia
- 7.7.7. Rest of Europe
8. Asia Pacific Beacon Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. iBeacon
- 8.2.2. Eddystone
- 8.2.3. AltBeacon
- 8.2.4. Others (Paypal, GeoBeacon, Samsung proximity)
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Hardware
- 8.3.2. Software/Platform Development Kit (SDK)
- 8.4. Market Analysis, Insights and Forecast – By Deployment
- 8.4.1. Indoor
- 8.4.2. Outdoor
- 8.5. Market Analysis, Insights and Forecast – By Technology
- 8.5.1. BLE (Bluetooth Low Energy)
- 8.5.2. Wi-Fi
- 8.5.3. Ultrasound
- 8.5.4. Combined Technology
- 8.6. Market Analysis, Insights and Forecast – By End-User
- 8.6.1. Residential
- 8.6.2. Commercial
- 8.6.2.1. Retail
- 8.6.2.2. Travel, Tourism & Hospitality
- 8.6.2.3. Healthcare
- 8.6.2.4. BFSI
- 8.6.2.5. Entertainment
- 8.6.2.6. Transportation and Logistics
- 8.6.2.7. Others
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Beacon Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. iBeacon
- 9.2.2. Eddystone
- 9.2.3. AltBeacon
- 9.2.4. Others (Paypal, GeoBeacon, Samsung proximity)
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Hardware
- 9.3.2. Software/Platform Development Kit (SDK)
- 9.4. Market Analysis, Insights and Forecast – By Deployment
- 9.4.1. Indoor
- 9.4.2. Outdoor
- 9.5. Market Analysis, Insights and Forecast – By Technology
- 9.5.1. BLE (Bluetooth Low Energy)
- 9.5.2. Wi-Fi
- 9.5.3. Ultrasound
- 9.5.4. Combined Technology
- 9.6. Market Analysis, Insights and Forecast – By End-User
- 9.6.1. Residential
- 9.6.2. Commercial
- 9.6.2.1. Retail
- 9.6.2.2. Travel, Tourism & Hospitality
- 9.6.2.3. Healthcare
- 9.6.2.4. BFSI
- 9.6.2.5. Entertainment
- 9.6.2.6. Transportation and Logistics
- 9.6.2.7. Others
- 9.7.1. Brazil
- 9.7.2. Saudi Arabia
- 9.7.3. UAE
- 9.7.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Accent Advanced Systems, SLU
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Apple, Inc.
- 10.6. BlueCats Australia Pty Limited
- 10.7. Dell Technologies Inc. (Blue Sense Networks)
- 10.8. Estimote, Inc.
- 10.9. Hewlett Packard Enterprise Company (Aruba Networks)
- 10.10. Kontakt.io, Inc.
- 10.11. Beaconinside GmbH
- 10.12. Onyx Beacon Ltd.
- 10.13. Leantegra Inc.
- 10.14. Aruba Networks, Inc.
- 10.15. Blue Sense Networks
- 10.16. Gelo,Inc.
- 10.17. Glimworm Beacon
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
