Industry Background:
iBeacon And Bluetooth Beacon are components which work on the principle of Bluetooth low energy. This components allow the electronic devices to send information and other commands when in close proximity to the other beacon. Some of the applications of Bluetooth beacons include Proximity marketing, asset tracking and one of the fastest growing segment today is indoor navigations. Increasing number of smartphone users and improvement in the technology is attributed to the growth of the Bluetooth beacon market. Asia Pacific and North America are the two most prominent market of ibeacon and Bluetooth beacons.
According to AMA Research, the market for iBeacon And Bluetooth Beacon is expected to register a CAGR of 25.6% during the forecast period to 2030. This growth is primarily driven by Increasing Number of Smartphone Users
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Google LLC (United States), Estimote Inc. (United States), Onyx Beacon (Romania), Apple Inc. (United States), Hewlett Packard Enterprise (United States), HID Global (United States), Accent Systems (Spain), Kontakt.io (Poland), Gimbal Inc. (United States) and Sensoro (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2023, Estimote, a provider of location-based technology solutions, acquired Swirl, a Bluetooth mesh networking company. This merger could potentially lead to the development of new iBeacon and Bluetooth beacon solutions.
In January 2024, Kontakt.io, a provider of indoor positioning and asset tracking solutions, launched the Kontakt.Cloud platform, which includes support for both iBeacon and Bluetooth beacon technologies.Increasing number of smartphone users and growing mobile applications has led to growing need for fast speed data and information transfer medium at small distances such as inside a house. This has been made possible with the emergence of Bluetooth beacons. The market of Bluetooth beacons is expected to accelerate over the coming years. Major Players of the market include Google, Apple and Others. Asia Pacific and North America are the two prominent markets of iBeacon and Bluetooth Beacons.
Influencing Trend:
iBeacon is the Fastest Growing Segment
Market Growth Drivers:
Increasing Number of Smartphone Users, Rising Disposable Income and Advancement in Connectivity Technology
Challenges:
Increasing the Efficiency of the Technology for Higher Data Transfer Rates
Restraints:
Complexity in the Development of Technology
Opportunities:
African Countries which have Fairly Less Penetrated Smart Phone Market Presents Huge Opportunity to Grow
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of iBeacon And Bluetooth Beacon Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of iBeacon And Bluetooth Beacon Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of iBeacon And Bluetooth Beacon players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, iBeacon And Bluetooth Beacon Study Sheds Light on
The iBeacon And Bluetooth Beacon Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the iBeacon And Bluetooth Beacon industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where iBeacon And Bluetooth Beacon industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.