The Asia-Pacific beacon technology market is estimated to grow at an impressive rate during the forecast period. Beacon is a small device, which when connected to smart devices such as smartphones through Bluetooth and Wi-Fi, enables a notify accurate location within a narrow range than GPS and Wi-Fi proximity. Increasing investment in proximity marketing, upsurge in organized retailing, and growing concerns regarding privacy and security is influencing the growth of the beacon market across the economies of the region. Technological advancement in smartphones and rising smartphone users have further augmented the connectivity of objects through IoT in various places such as shopping malls, airports and other public places.
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Moreover, the growing demand for indoor positioning and indoor navigation (IPIN) system coupled with cohesive government initiatives for smart city projects within the emerging economies will drive the demand for beacon technology in near future; thereby, will augment the market growth. According to United Parcel Service (UPS) and the United States’ Consumer Technology Association, in March 2018, the smart cities possess the potential to become a major global development sector in Asia Pacific. The region has been backed by the advanced technologies, rapid urbanization and government support, which are essentially required in the development of smart cities within the region.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Asia-Pacific Beacon Technology Market by Beacon Protocol
- iBeacon
- Eddystone
- AltBeacon
- Others (GeoBeacon)
Asia-Pacific Beacon Technology Market by Location Technology
- Bluetooth Low Energy (BLE)
- Wi-Fi
- Ultrasound
- Others (Combined Technology)
Asia-Pacific Beacon Technology Market by Application
- Retail
- Healthcare
- BFSI
- Logistics and Warehouses
- Others (Travel, Tourism & Hospitality)
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Accent Advanced Systems, SLU
- Apple Inc.
- BlueCats
- Cisco Systems, Inc.
- Estimote, Inc.
- GeLo, Inc.
- Glimworm Beacons
- Google LLC
- Hewlett Packard Enterprise Development LP (Aruba Networks, Inc.)
- JAALEE Technology Co., Ltd.
- io
- Leantegra Inc.
- Osram Licht AG
- Qualcomm Inc.
- Sensorberg GmbH
- Sensoro Co., Ltd.
- Signal 360, Inc.
The Report covers:
- Comprehensive research methodology of the Asia-Pacific Beacon Technology market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific Beacon Technology market.
- Insights about market determinants which are stimulating the Asia-Pacific Beacon Technology market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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