Smart Beacon Market Report 2025 (Global Edition)

Global Smart Beacon Market Report 2024 Market Size Split by Beacon Standard (iBeacon, Eddystone, Others), by Connectivity Type (Bluetooth Low Energy (BLE), Hybrid), by Offering (Hardware, Software, Se...

Smart Beacon Market Report Description

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Smart Beacon Market Insights Video

Competitive Landscape of the Smart Beacon Market

With a number of significant companies, the smart beacon industry is quite fragmented. Market participants are implementing tactics like joint ventures, mergers, and acquisitions to expand their range of products and secure a long-term edge over competitors. Developing and providing cutting-edge smart beacon solutions to meet the changing demands of enterprises in different industries is the primary emphasis of these firms.

January 2023: The new optofluidic device for cell line production, Beacon Select, was released, according to Berkeley Lights, Inc., a company that specializes in life science instruments. Established in 2017, the original Beacon System boasts over 130 installed systems globally as of this writing, and Beacon Select is based on the same state-of-the-art technology. (Source: https://www.news-medical.net/news/20230119/Berkeley-Lights-launches-Beacon-Selecte284a2-a-new-optofluidic-system-for-cell-line-development.aspx ) August 2022: In order to precisely track train locations and guarantee on-time departures, the Belgian national railway company, NMBS/SNCB, has successfully implemented a real-time location service platform with HID BEEKs Bluetooth Low-Energy (BLE) beacons. HID Global is one of the world's leading providers of tracked identity and RFID solutions. (Source: https://newsroom.hidglobal.com/belgiums-railway-company-ensures-time-departures-improves-security-hid-globals-real-time-location ) June 2022: Together, Axians and Cisco will help companies in Germany and the Netherlands extend and digitize their Internet of Things (loT) via Cisco's exclusive 5G network. (Source: https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2022/m06/axians-teams-with-cisco-to-help-enterprises-in-germany-and-the-netherlands-digitize-and-expand-iot-with-cisco-private-5g.html ) December 2021: A novel light beacon that can transmit the precise position of a car failure was launched by Sigfox and CAR-LITE. By using its 0G network technology, Sigfox is able to transmit the information even in the absence of a SIM card, Wi-Fi, or internet connection. (Source: https://www.sigfox.com/car-lite-sigfox-intelligent-light-beacon-0g-network-replace-emergency-triangles/ )

Top Companies Market Share in Smart Beacon Industry: (In no particular order of Rank)

• Estimate
• Inc. (US)
• io (Poland)
• Cisco Systems Inc. (US)
• Aruba-Hewlett Packard Enterprise Company (US)
• Bluvision-HID Global Company (US)
• Leantegra Inc. (US)
• Gimbal
• Inc. (US)
• Bluvision-HID Global Company (US)
• Accent Advanced Systems
• Sensor Co.
• Ltd (US)
• SLU (Spain)
• Swirl Networks (US)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Smart Beacon Market

Which Region Dominates the Smart Beacon Market in 2024?

According to Cognitive Market Research, North America currently dominates the Smart Beacon market, and the region is expected to have significant growth during the projected period, as cellphone use grows rapidly and shops employ technology on a huge basis. In order to provide customers with a personalized, digitized, and rich content-driven shopping experience, businesses are utilizing smart beacon technology. The e-commerce sector has been witnessing significant demand from industrialized countries in the region, primarily the U.S. and Canada. Market expansion in the area has been fueled by the retail sector's increasing need for smart beacons.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because beacon technology is being used for more and more purposes in Australia and India. This market has a lot of promise and is still growing. There will likely be more opportunities for the smart beacon market as the organized retail sector expands throughout the region. The expansion of the organized retail industry throughout the region is driven by factors such as rising disposable income, improved living standards, consumerism, technology, and the entry of foreign retailers.

The current report Scope analyzes Smart Beacon Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Smart Beacon Market

According to Cognitive Market Research, the global Smart Beacon market size was estimated at USD 7351.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Smart Beacon market with a market size of USD 2320.04 million in 2024 and is projected to grow at a CAGR of 31.5% during the forecast period because end-user industries including retail, public transportation, logistics, and hospitality are increasingly utilizing smart beacon technology.
• The Canada Smart Beacon market had a market share of USD 352.86 million in 2024 and is projected to grow at a CAGR of 32.5% during the forecast period as a result of higher spending on research and development and the involvement of significant players.
• The Mexico Smart Beacon market is projected to witness growth at a CAGR of 32.2% during the forecast period, with a market size of USD 267.58 million in 2024.

Europe Smart Beacon Market

According to Cognitive Market Research, the global Smart Beacon market size was estimated at USD 7351.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2205.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.0% from 2024 to 2031.

• The United Kingdom Smart Beacon market had a market share of USD 370.50 million in 2024 and is projected to grow at a CAGR of 32.8% during the forecast period driven by an increasing number of end-user sectors.
• The France Smart Beacon market is projected to witness growth at a CAGR of 31.2% during the forecast period, with a market size of USD 202.89 million in 2024.
• According to Cognitive Market Research, the German Smart Beacon market size was valued at USD 436.66 million in 2024 and is projected to grow at a CAGR of 32.2% during the forecast period. The country's effective adoption of smart beacon technology can be attributed to its tech-savvy populace and high smartphone penetration rate.
• The Italy Smart Beacon market is projected to witness growth at a CAGR of 31.4% during the forecast period, with a market size of USD 189.66 million in 2024.
• The Russia Smart Beacon market is projected to witness growth at a CAGR of 31.0% during the forecast period, with a market size of USD 341.83 million in 2024.
• The Spain Smart Beacon market is projected to witness growth at a CAGR of 31.1% during the forecast period with a market size of USD 180.84 million in 2024
• The Luxembourg Smart Beacon market is projected to witness growth at a CAGR of 32.1% during the forecast period, with a market size of USD 68.37 million in 2024.
• The Portugal Smart Beacon market is projected to witness growth at a CAGR of 31.8% during the forecast period, with a market size of USD 46.31 million in 2024.
• The Greece Smart Beacon market is projected to witness growth at a CAGR of 32.3% during the forecast period, with a market size of USD 26.46 million in 2024.
• The Rest of Europe's Smart Beacon market is projected to witness growth at a CAGR of 30.7% during the forecast period, with a market size of USD 341.83 million in 2024.

Asia Pacific Smart Beacon Market

According to Cognitive Market Research, the global Smart Beacon market size was estimated at USD 7351.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1690.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 35.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Smart Beacon market size was valued at USD 760.85 million in 2024 and is projected to grow at a CAGR of 35.0% during the forecast period because the usage of smart beacon technology is spreading throughout end-user industries, such as retail, public transportation, logistics, and hospitality.
• The Japan Smart Beacon market is projected to witness growth at a CAGR of 34.0% during the forecast period, with a market size of USD 233.33 million in 2024.
• The India Smart Beacon market had a market share of USD 202.89 million in 2024 and is projected to grow at a CAGR of 37.3% during the forecast period. The nation's high smartphone penetration rate and tech-savvy population are responsible for its successful adoption of smart beacon technology.
• The South Korean Smart Beacon market is projected to witness growth at a CAGR of 34.6% during the forecast period, with a market size of USD 169.08 million in 2024.
• The Australian Smart Beacon market is projected to witness growth at a CAGR of 35.2% during the forecast period, with a market size of USD 87.92 million in 2024.
• The South East Asia Smart Beacon market is projected to witness growth at a CAGR of 36.5% during the forecast period, with a market size of USD 116.66 million in 2024.
• The Rest of Asia Pacific Smart Beacon market is projected to witness growth at a CAGR of 35.5% during the forecast period, with a market size of USD 120.05 million in 2024.

South America Smart Beacon Market

According to Cognitive Market Research, the global Smart Beacon market size was estimated at USD 7351.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 367.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Smart Beacon market size was valued at USD 157.32 million in 2024 and is projected to grow at a CAGR of 33.5% during the forecast period due to increased R&D expenditures and the participation of important stakeholders.
• Argentina's Smart Beacon market had a market share of USD 61.75 million in 2024 and is projected to grow at a CAGR of 33.8% during the forecast period driven by a growing number of industries that serve end users.
• Colombia Smart Beacon market is projected to witness growth at a CAGR of 32.7% during the forecast period, with a market size of USD 32.71 million in 2024.
• Peru Smart Beacon market is projected to witness growth at a CAGR of 33.1% during the forecast period, with a market size of USD 30.14 million in 2024.
• Chile Smart Beacon market is projected to witness growth at a CAGR of 33.2% during the forecast period, with a market size of USD 26.46 million in 2024.
• The Rest of Latin America's Smart Beacon market is projected to witness growth at a CAGR of 32.0% during the forecast period, with a market size of USD 59.18 million in 2024.

Middle East and Africa Smart Beacon Market

According to Cognitive Market Research, the global Smart Beacon market size was estimated at USD 7351.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 147.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031..

• The GCC Countries Smart Beacon market is projected to witness growth at a CAGR of 34.0% during the forecast period, with a market size of USD 62.93 million in 2024 owing to higher R&D costs and significant stakeholders' involvement.
• The Egypt Smart Beacon market is projected to witness growth at a CAGR of 33.5% during the forecast period, with a market size of USD 15.44 million in 2024.
• The South Africa Smart Beacon market is projected to witness growth at a CAGR of 34.2% during the forecast period, with a market size of USD 23.23 million in 2024. The effective deployment of smart beacon technology in the country can be attributed to its tech-savvy populace and high smartphone penetration rate.
• The Turkey Smart Beacon market is projected to witness growth at a CAGR of 32.7% during the forecast period, with a market size of USD 12.64 million in 2024.
• The Nigeria Smart Beacon market is projected to witness growth at a CAGR of 32.3% during the forecast period, with a market size of USD 15.44 million in 2024.
• The Rest of the MEA Smart Beacon market is projected to witness growth at a CAGR of 32.2% during the forecast period, with a market size of USD 17.35 million in 2024.

Smart Beacon Market Analysis

How are Segments Performing in the Global Smart Beacon Market?

Smart Beacon Market Beacon Standard Segment Analysis

According to Cognitive Market Research, iBeacon category is likely to dominate the Smart Beacon Market over the forecast period. Numerous businesses have created beacons since iBeacon was first introduced. Beacons are hardware transmitters that are compatible with iBeacon and use Bluetooth low energy (BLE) to broadcast their presence to adjacent mobile devices. Since Apple Inc. was the industry pioneer in beacon technology, iBeacon currently has a significant market share and is expected to grow throughout the forecast period. By broadcasting a distinct identification that can be read by any app or OS that supports Bluetooth low energy, iBeacon employs Bluetooth low-energy proximity sensing.

Eddystone is the fastest-growing segment in the Smart Beacon Market. Beacon developers and manufacturers can construct beacon systems that are both adaptable and interoperable by using the set of specifications and protocols provided by the Eddystone standard. Telemetry data, proximity data, URL links, and other forms of data can all be transmitted via the Eddystone standard, which is one of its main characteristics. The versatility of smart beacons enables developers and organizations to employ them for a variety of purposes, such as location-based services, proximity marketing, and context-aware experiences.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Smart Beacon Industry. Request a Free Sample PDF!

Smart Beacon Market Connectivity Type Segment Analysis

According to Cognitive Market Research, the Bluetooth Low Energy (BLE) segment holds the largest share of the market. The Bluetooth Special Interest Group created and promoted Bluetooth Low Energy, a wireless PAN technology with innovative uses in the home entertainment, fitness, security, and medical industries. Bluetooth Basic Rate/Enhanced Data Rate and LE coexist, however they are incompatible with regular Bluetooth. A low-power, Bluetooth Smart device has to be within range of another Smart or Smart Ready device.

In the Smart Beacon Market, the software has been expanding at a rapid pace. Beacon software may interactively deliver accurate information to users through a range of media formats, including text, audio, and video. The subsegment is predicted to develop at a faster rate due to the growing need for in-store analytics to enhance customer experience and optimize shop operations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Smart Beacon Offering Segment Analysis

Smart Beacon Market Offering Segment Analysis

According to Cognitive Market Research, the hardware segment holds the largest market share. There are currently many different places where Smart Beacon and Beacon Pro are being utilized, such as airports, museums, hospitals, offices, shops, college campuses, and more. Their features work best when used for wayfinding. However, they are made to perform well in a variety of scenarios due to their high performance battery life, signal interval, and transmission power. In department stores, supermarkets, hypermarkets, and discount retailers, smart beacon usage is expected to rise, according to industry research.

In the Smart Beacon market, the rapidly growing sector is the hybrid category because of its adaptability and variety of uses. Smart beacons that integrate Bluetooth, Wi-Fi, and GPS capabilities to improve location-based services and communication are known as hybrid beacons. Because of their adaptability, they can be used in a variety of sectors, including healthcare, retail, and transportation, where precise tracking and seamless connectivity are crucial. Demand is anticipated to increase as companies use hybrid smart beacons more frequently for proximity marketing, asset tracking, and enhanced customer engagement.

• Hardware
• Software
• Service

Smart Beacon End-use Segment Analysis

Smart Beacon Market End-use Segment Analysis

According to Cognitive Market Research, the retail segment dominates the market due to its capacity to provide clients with customized, location-based experiences. In retail settings, smart beacons also make indoor navigation and wayfinding easier. Beacons can direct customers to certain areas or products within the store, highlight points of interest, and provide real-time directions by detecting the presence of a customer's smartphone or other compatible device. Additionally, this technology improves the shopping encounter, lessens client annoyance, and raises the possibility of a sale. Retailers can also use smart beacons to provide extra services like loyalty programs, individualized suggestions, and mobile payments.

Healthcare is projected to be the fastest-growing segment in the Smart Beacon market. Beacons are probably going to provide the healthcare sector with many intangible advantages in addition to financial ones. Through the tracking of infants, confused patients, and entry access, beacons will enhance safety. In addition, it will monitor patient falls and send alarms, making it easier for nurses to accomplish their daily duties. The healthcare subsegment is expected to witness an increase in beacon usage due to the many advantages provided by smart beacons.

• Retail
• Public Gatherings & Spaces
• Hospitality
• Transportation & Logistics
• Sports
• Aviation
• Healthcare
• Automotive
• Bank
• Financial Services
• Insurance (BFSI)
• Education
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion