Global Bluetooth Beacons Market Growth (Status and Outlook) 2023-2029

Global Bluetooth Beacons Market Growth (Status and Outlook) 2023-2029

Bluetooth beacons are becoming increasingly popular across industries as they are a cost effective and simple deploy model. As these beacons are supported by almost all operating systems, their demand is expected to increase. Bluetooth beacons are deployed by businesses to send content and information, which are contextually relevant, to users at specific locations. They open up the probability of connecting the online virtual world with the offline, physical world by providing context –aware information to mobile users. Bluetooth beacons devices broadcast signals and messages to smart devices under range, in the form of notifications. They basically consist of a chip and various electronic components on a small circuit board. As these devices offer a more personalized and enhanced user experience, the market for Bluetooth beacons is projected to grow at a healthy pace.

LPI (LP Information)' newest research report, the “Bluetooth Beacons Industry Forecast” looks at past sales and reviews total world Bluetooth Beacons sales in 2022, providing a comprehensive analysis by region and market sector of projected Bluetooth Beacons sales for 2023 through 2029. With Bluetooth Beacons sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bluetooth Beacons industry.

This Insight Report provides a comprehensive analysis of the global Bluetooth Beacons landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bluetooth Beacons portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Bluetooth Beacons market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bluetooth Beacons and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bluetooth Beacons.

The global Bluetooth Beacons market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The key factor driving the industry growth is the increased number of applications powered by beacons and Bluetooth Low Energy (BLE) tags. Beacons are witnessing growing penetration across asset tracking and machine/equipment status observation in high volume verticals. At the same time, the markets for both existing and new applications are maturing, leading to larger roll-outs. Growing integration of beacons in cameras, LED lightings, point of sale (POS) devices, digital signage, and vending machines is expected to propel the industry growth over the forecast period. Apart from retail applications, beacons are also projected to become a common commodity in industrial applications.

This report presents a comprehensive overview, market shares, and growth opportunities of Bluetooth Beacons market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
IBeacon
Eddystone
Microsoft 10

Segmentation by application
Retail
Travel & Tourism
Healthcare
Financial Institutions

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BlueCats
Estimote
Kontakt.io
PayPal
Gimbal

Please note: The report will take approximately 2 business days to prepare and deliver.