US Beacon Market Share Statistics 2020 | Industry Size, Sales and Revenue, Growth, Opportunities,Top Key Players And Forecast 2025

Global Beacon Market is valued at USD 418.3 Million in 2018 and expected to reach USD 18053.7 Million by 2025 with the CAGR of 60.1% over the forecast period. 

A research report on US Beacon Market features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players.

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Market Analysis of Beacon –

A beacon is an intentionally conspicuous device designed to draw in attention to a selected location. Beacons are small, wireless transmitters that use low-energy Bluetooth technology to send signals to other smart devices nearby. They are one of the latest developments in location technology and proximity marketing. The use of the term beacon in satellite communications can instead refer to a tracking device used by control engineers on the ground to monitor the satellite. Beacons may also be combined with semaphore or different indicators to supply necessary important information, such as the status of an airport, by the color and rotational pattern of its airport beacon or of unfinished weather as indicated on a weather beacon mounted at the highest of a tall building or similar Website.

Beacons are of two types infrared and sonar beacon.  Infrared beacon (IR beacon) transmits a modulated modulate visible light within the spectrum, which might be known simply and positively. Sonar beacon is an underwater device which transmits sonic or ultrasonic signals for the purpose of providing bearing information.

Key Players for US Beacon Market Report– US Beacon Market report covers prominent players like RS Pro Schneider Electric, Delight, Edwards Signaling & Security Systems, Hammond Manufacturing, IDEC Corporation, Schneider Electric, Sloan LED and YongWei.

Increasing Adoption of Smart Devices and the Concept of Smart Cities are Expected Drive Growth of US Smart US Beacon Market. Smart city initiatives involve three components which includes: information and communication technologies that generate and aggregate data analytic tool that convert the data into usable information and organizational structures that encourage collaboration, innovation and also the application of that information to solve public issue. A smart town could be a town that has developed some technological infrastructure that allow it to gather, aggregate and analyzes real-time data and made a concerted effort to use that information to enhance the lives of its residents. The central government approved a budget of USD 7.8 billion to be spent over a five-year period 2016 to 2020 on smart cities initiative in 100 designates cities in India. India is independent to provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment, and application of a smart solutions focusing on property and inclusive development in compact areas to form a replicable model for different aspiring cities.

US Beacon Market Segmentation:–

By Product Type:

  • LED
  • Halogen
  • Xenon

By Application:

  • Navigation
  • Defensive Communications
  • Others

By Region

  • North America

o U.S.

o Canada

o Mexico

  • Europe

o UK

o France

o Germany

o Russia

o Rest of Europe

  • Asia-Pacific

o China

o South Korea

o India

o Japan

o Rest of Asia-Pacific

  • LAMEA

o Latin America

o Middle East

o Africa

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