iBeacon And Bluetooth Beacon Market is totalling around US$ 110,254.5 Million by 2032

From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 24.3%. Since then, other vendors also have made iBeacon-compatible hardware transmitters known as beacon. The technology enables  tablets, smartphones and other devices to carry out activities such as to send or distribute messages and approximate location determination when there is nearness to an iBeacon.

Both software and hardware components are involved in iBeacon technology. iBeacon is compatible with OS 7, iPod touch (5th generation) or later, iPad mini or later and iPad (3rd generation), iPhone 4s or later or later devices. Also, with Android 4.3+, Macintosh computers (OS X Mavericks 10.9 and Bluetooth) 4.0 and Windows Phone devices (Lumia Cyan update or above).

Various applications offered by iBeacon and Bluetooth beacon include alert or push notification sending to iBeacon enabled device, whenever the iBeacon user is around a iBeacon-enabled retail shop (special offers), museum (sporting event/closest display), bus stop and other locations. Travel industries are undergoing through major deployments of beacon technology in airports and hotels.

iBeacon and Bluetooth beacons are intensively used in smartphones. The overall demand for iBeacon and Bluetooth Beacon is projected to grow at a CAGR of 27.4% between 2022 and 2032, totalling around US$ 110254.5 Million by 2032.

Which Drivers Underpin iBeacon and Bluetooth Beacon Industry Expansion?

Growing Advancements in IT Industry to Spur Sales

Advancement in IT solutions such as Internet of Things (IoT), rising awareness about iBeacon technology, growing number of accessories, low power requirement and low cost, growing smartphone usage and increasing purchasing power of consumers resulting in increased smartphone usage are some of the key factors propelling the growth of the global iBeacon and Bluetooth Beacon market.

In addition to this, this enormous growth can be attributed to various key aspects such as implementation of beacons in retail stores to engage customers, consistency in growth of smartphones and related technologies and increasing use of beacons in industries for enhancement of safety.

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Key Segments Covered in the iBeacon and Bluetooth Beacon Industry Analysis

By Component:

• iBeacon and Bluetooth Beacon Hardware
• iBeacon and Bluetooth Beacon Software

By Technology Platform:

• iBeacon
• Eddystone
• Others

By End Use:

• iBeacon and Bluetooth Beacon for Retail
• iBeacon and Bluetooth Beacon for Airports
• iBeacon and Bluetooth Beacon for Museums
• iBeacon and Bluetooth Beacon for Manufacturing & R&D
• iBeacon and Bluetooth Beacon for Transportation
• iBeacon and Bluetooth Beacon for Buildings & Infrastructure
• iBeacon and Bluetooth Beacon for Other End Uses

By Region:

• North America iBeacon and Bluetooth Beacon Market
• Latin America iBeacon and Bluetooth Beacon Market
• Europe iBeacon and Bluetooth Beacon Market
• South Asia iBeacon and Bluetooth Beacon Market
• East Asia iBeacon and Bluetooth Beacon Market
• Oceania iBeacon and Bluetooth Beacon Market
• Middle East and Africa (MEA) iBeacon and Bluetooth Beacon Market

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