Global BLE Beacon Market is projected to grow at a CAGR of 30.2% during the forecast period: MRFR

Market Research Future (MRFR) has published a half cooked research report on the “global BLE Beacon Market”that contains the information from 2023 to 2030.

The BLE Beacon market is predicted to reach USD 7,448.3 million by 2030, registering a 30.2% CAGR during the forecast period, 2023–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global BLE Beacon market is expected to grow significantly during the forecast period, owing to the increasing need for business efficiency and agility in the digital era, which are driving the growth of BLE Beacon.

A BLE beacon is essentially a device that broadcasts its services to BLE clients that can read the information provided by BLE node ads. In BLE beacon applications, the BLE node solely functions in an advertising mode, sending information in advertisement packets over GAP. BLE beacons do not accept connection requests from clients; instead, they use a basic one-to-many broadcast to consume relatively little power.

The growing adoption of smart beacons in logistics and transportation. In logistics and warehousing, beacons quickly replace barcodes or RFID-based solutions that need clear line-of-sight or extremely near proximity as the preferred technique to optimize operations cost-effectively. The entire journey of their merchandise, from manufacture to shipment to retail shelf, may be optimized with BLE beacons. Arriving inventory notifies a BLE beacon system that it has arrived at a specific storage area. Information is sent to an algorithm determining where the inventory will be deposited. The algorithm selects where to position the inventory based on a variety of variables, including the past performance of similar goods in terms of picking speed, as well as the current status of the warehouse in terms of inventory (space), staff activity, and resources like forklifts, scales, and more.

Segmental Analysis

The scope of the global BLE Beacon market has been segmented based on type, mode, application, and region.

Based on type, the global BLE Beacon market is segmented into IBeacon, Eddystone and AltBeacons. iBeacon  is anticipated to grow at the highest CAGR over the forecast period. iBeacon uses Bluetooth low-energy proximity sensing to transmit a universally unique identifier that can be picked up by a compatible app or operating system.

Based on the mode, the global BLE Beacon market is segmented into non-connectable beacons (transmission only) connectable beacons (both transmission & receive). The non-connectable beacons (transmission only) segment is expected to grow at a CAGR of 30.5% during the projected period. The non-connectable beacon is a Bluetooth low energy device in broadcast mode. It merely transfers data that is internally stored. The non-connectable broadcasting gets the lowest power usage by merely waking up, sending data, and going back to sleep because it does not activate any reception capabilities.

Based on Application, the global BLE Beacon market is segmented into retail, healthcare, manufacturing, media & entertainment, travel & tourism, education, and others. The healthcare segment is expected to grow at a CAGR of 31.0% from 2023 to 2030. Healthcare practitioners are utilizing cutting-edge technologies and customized programs to interact with patients and enhance their experiences. Health care delivery and mobility are changing everything from the site of care to who provides care and how, with data interoperability, security, and ownership taking center stage.

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Regional Analysis

Geographically, the global BLE Beacon market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

The Asia Pacific BLE beacon market is projected to grow at a rapid pace owing to the rising adoption of Bluetooth technology in various applications such as consumer electronics, retail, entertainment, transportation, and logistics in this region. China, Japan, and India have key markets for the BLE beacon market. As it is among the densely populated area, the use of smart devices has increased exponentially with the use of BLE beacons have also increased. Rising trends of using smart wearable devices such as watches, fitness bands, etc. have also fueled the growth of the BLE beacon market. Furthermore, the Governments and financial institutions investing in IoT system development also facilitated this region's BLE beacon market growth over the forecast period.

Key Players

The key players in the global BLE Beacon market are Zebra Technologies Corp., Estimote, Inc., Aruba, Kontakt.io, Inpixon, Chengdu Jaalee Technology Co., Ltd, Teltonika, IOBOT TECHNOLOGIES (THINGSUP), Sensoro Co., Ltd, Leantegra, KKM Company Limited, Gimbal, ELA Innovation SA, Asahi Kasei Corporation, Nordic Semiconductor, Semiconductor Component Industries, LLC (OnSemi), HID Global Corporation, Infsoft Gmbh, MOKOSmart, and ALE International and Others.