The latest beacon technology is enabling new applications in healthcare, higher-ed, and commercial real estate.
Most of us have used a GPS (Global Positioning System) to navigate, by car or foot, to new outdoor places. Although GPS works in any weather conditions, anywhere in the world, 24 hours a day, it does not work well for indoor navigation applications. Roofs, walls, and other objects scatter signals from satellites, and navigating the error range can be larger than the total indoor space. Bluetooth® beacons are similar in concept to GPS but are applicable for indoor applications because they offer higher accuracy with a signal range of 10 – 30 meters. According to Research and Markets, the global beacon technology market stood at $1.17 billion in 2018 and is projected to grow at a CAGR of 45.5% during 2019-2024 to reach $10.2 billion by 2024.
Read further on Osram’s blog for additional information related to the following:
- Enhance the In-store Retail Experience
- Improve Asset Tracking and Staff Productivity in Healthcare
- Boost Security and Helping Manage College Campus Growth
- Optimize Commercial Office Space Utilization
- Beacon Technology Location
Download Osram’s white paper Why Every Smart Building Needs a Sensor in Every Luminaire to learn more.