Dublin, Jan. 26, 2026 (GLOBE NEWSWIRE) — The “Beacon Technology Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031” has been added to ResearchAndMarkets.com’s offering.
The Global Beacon Technology Market is projected to expand significantly, rising from USD 7.06 Billion in 2025 to USD 66.46 Billion by 2031, achieving a CAGR of 45.31%.
This technology relies on small wireless transmitters using Bluetooth Low Energy signals to interact with nearby smart devices, enabling precise location tracking and communication. Key growth drivers include the rising demand for proximity marketing in retail and the essential need for indoor navigation and asset tracking in healthcare and logistics. According to the Bluetooth Special Interest Group, the growing requirements of these industries will drive the average annual growth rate of Bluetooth location service devices to 22% over the next five years, starting in 2024.
However, the market confronts substantial obstacles regarding data privacy and security, which may hinder regulatory compliance and discourage consumer adoption. The necessity for users to actively opt-in for location tracking restricts the potential reach of beacon deployments. Furthermore, the logistical challenges associated with maintaining physical hardware infrastructure across extensive facilities can impede widespread implementation and slow the overall growth of the market.
Market Drivers:
The rapid expansion of location-based advertising and proximity marketing is fundamentally transforming the retail sector, accelerating the adoption of personalized engagement tools and beacon-enabled Electronic Shelf Labels (ESLs). Retailers are utilizing these technologies to execute dynamic pricing, optimize inventory management, and deliver real-time, targeted promotions directly to customers’ smartphones. This shift digitizes the physical store environment, reducing manual labor while improving the overall customer experience. Illustrating this trend, Walmart announced in June 2024 that it intends to install digital shelf labels in 2,300 stores by 2026 to enhance operational efficiency and customer service.
Concurrently, the integration of the Internet of Things (IoT) into industrial automation is driving demand for effective logistics management and asset tracking solutions. Industries are increasingly using Bluetooth Low Energy beacons to monitor equipment health, track inventory, and optimize supply chains through real-time data visibility.
This focus on connectivity is highlighted by Viasat’s ‘State of Industrial IoT in 2024’ report from November 2024, which noted that 68% of businesses increased their IoT progress over the previous year. Additionally, the market for affordable, disposable tracking solutions is set to surge; the Bluetooth Special Interest Group’s ‘2024 Bluetooth Market Update’ (May 2024) forecasts that annual shipments of Ambient IoT smart labels will reach 231 million units by 2028.
Market Challenges:
Security and data privacy concerns constitute a major barrier to the growth of the Global Beacon Technology Market. Because these devices continuously transmit signals to communicate with smartphones and internal networks, they introduce vulnerabilities that malicious actors can exploit to access sensitive corporate or consumer data. This risk is exacerbated by the logistical difficulty of maintaining extensive hardware deployments, where a failure to implement regular updates can leave networks unprotected. The challenge of ensuring secure data transmission complicates compliance with strict regulations and undermines the consumer trust necessary for opt-in participation, thereby reducing the impact of proximity marketing efforts.
This security gap creates significant hesitation among enterprises regarding the full integration of these solutions. As reported by the IoT Security Foundation in 2024, unpatched firmware accounted for 60% of IoT security breaches. This high rate of preventable vulnerabilities highlights the operational struggles organizations face in managing the lifecycle of deployed beacons. Consequently, businesses often delay scaling their location-based services, fearing that the ongoing burden of securing these endpoints against cyber threats outweighs the logistical benefits, which ultimately stifles broader market adoption.
Market Trends:
The emergence of Bluetooth Mesh networking and advanced standards is reshaping the market by facilitating scalable, many-to-many device communication. Unlike traditional point-to-point beacons, mesh architecture allows data to relay between devices, enhancing reliability and extending range in complex industrial and smart building environments.
This capability is fueling substantial growth in automation systems and connected lighting, where resilient, self-healing networks are crucial. Underscoring this trend, the Bluetooth Special Interest Group’s ‘2024 Bluetooth Market Update’ from May 2024 projects that annual shipments of Bluetooth device network equipment will reach 1.73 billion units by 2028.
A critical trend emerging in the sector is the development of battery-free and energy-harvesting beacon hardware, designed to eliminate the maintenance burdens of large-scale deployments. By harnessing ambient energy sources such as radio waves, light, or vibration, these ‘Ambient IoT’ devices remove the need for battery replacements, significantly lowering operational costs and environmental waste.
This shift enables the tracking of high-volume assets that were previously too expensive to tag due to power management logistics. Validating this scale, Wiliot announced in an October 2024 press release that the Royal Mail has become the first delivery company globally to use this technology, successfully tagging 850,000 wheeled containers with battery-free Bluetooth tracking computers.
Report Scope:
Key Players Profiled in the Beacon Technology Market:
- Accent Advanced Systems, SLU.
- Kontakt.io Inc.
- Estimote, Inc.
- Apple Inc.
- Gimbal, Inc.
- Hewlett Packard Enterprise Development LP
- Sensorberg GmbH
- IBM India Private Limited
- Cisco Systems, Inc.
- HID Global Corporation
Beacon Technology Market, by Protocol Type:
- iBeacon
- Eddystone
- AltBeacon
- GeoBeacon
- Others
Beacon Technology Market, by Organization Size:
- Small & Medium Enterprises
- Large Enterprises
Beacon Technology Market, by Component:
Beacon Technology Market, by Connectivity Type:
- Bluetooth Low Energy (BLE)
- Wi-fi
- Hybrid
Beacon Technology Market, by Deployment:
Beacon Technology Market, by End Use:
- Retail
- Healthcare
- Travel & Tourism
- Education
- Real Estate
- Digital Advertising
- Others
Beacon Technology Market, by Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 185 |
| Forecast Period | 2025 – 2031 |
| Estimated Market Value (USD) in 2025 | $7.06 Billion |
| Forecasted Market Value (USD) by 2031 | $66.46 Billion |
| Compound Annual Growth Rate | 45.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/451nf3
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