| Product Code: ETC5621091 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
During 2020-2024, Armenia experienced a significant increase in the import trend of smart beacons, with a Compound Annual Growth Rate (CAGR) of 148.45%. In 2023-2024 alone, the year-on-year growth rate was -14.19%, indicating a slight decline compared to previous years but still contributing to the overall upward trend in imports.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Smart Beacon Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Smart Beacon Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Smart Beacon Market - Industry Life Cycle |
3.4 Armenia Smart Beacon Market - Porter's Five Forces |
3.5 Armenia Smart Beacon Market Revenues & Volume Share, By Beacon Standard, 2021 & 2031F |
3.6 Armenia Smart Beacon Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.7 Armenia Smart Beacon Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.8 Armenia Smart Beacon Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Armenia Smart Beacon Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT technology in Armenia |
4.2.2 Growing demand for location-based marketing and navigation services |
4.2.3 Rise in investments in smart city projects in Armenia |
4.3 Market Restraints |
4.3.1 High initial implementation cost of smart beacon technology |
4.3.2 Concerns regarding data privacy and security |
4.3.3 Limited awareness and understanding of smart beacon technology among businesses and consumers in Armenia |
5 Armenia Smart Beacon Market Trends |
6 Armenia Smart Beacon Market Segmentations |
6.1 Armenia Smart Beacon Market, By Beacon Standard |
6.1.1 Overview and Analysis |
6.1.2 Armenia Smart Beacon Market Revenues & Volume, By iBeacon, 2021-2031F |
6.1.3 Armenia Smart Beacon Market Revenues & Volume, By Eddystone, 2021-2031F |
6.1.4 Armenia Smart Beacon Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Smart Beacon Market, By Connectivity Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Smart Beacon Market Revenues & Volume, By Bluetooth Low Energy (BLE), 2021-2031F |
6.2.3 Armenia Smart Beacon Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 Armenia Smart Beacon Market, By Offering |
6.3.1 Overview and Analysis |
6.3.2 Armenia Smart Beacon Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 Armenia Smart Beacon Market Revenues & Volume, By Software, 2021-2031F |
6.3.4 Armenia Smart Beacon Market Revenues & Volume, By Service, 2021-2031F |
6.4 Armenia Smart Beacon Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Armenia Smart Beacon Market Revenues & Volume, By Retail, 2021-2031F |
6.4.3 Armenia Smart Beacon Market Revenues & Volume, By Public Gatherings & Spaces, 2021-2031F |
6.4.4 Armenia Smart Beacon Market Revenues & Volume, By Hospitality, 2021-2031F |
6.4.5 Armenia Smart Beacon Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.4.6 Armenia Smart Beacon Market Revenues & Volume, By Sports, 2021-2031F |
6.4.7 Armenia Smart Beacon Market Revenues & Volume, By Aviation, 2021-2031F |
6.4.8 Armenia Smart Beacon Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.9 Armenia Smart Beacon Market Revenues & Volume, By Automotive, 2021-2031F |
7 Armenia Smart Beacon Market Import-Export Trade Statistics |
7.1 Armenia Smart Beacon Market Export to Major Countries |
7.2 Armenia Smart Beacon Market Imports from Major Countries |
8 Armenia Smart Beacon Market Key Performance Indicators |
8.1 Average daily active users of smart beacon-enabled mobile apps |
8.2 Percentage increase in the number of smart beacon deployments in key cities of Armenia |
8.3 Average dwell time of consumers in proximity to smart beacons placed in retail stores |
9 Armenia Smart Beacon Market - Opportunity Assessment |
9.1 Armenia Smart Beacon Market Opportunity Assessment, By Beacon Standard, 2021 & 2031F |
9.2 Armenia Smart Beacon Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
9.3 Armenia Smart Beacon Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.4 Armenia Smart Beacon Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Armenia Smart Beacon Market - Competitive Landscape |
10.1 Armenia Smart Beacon Market Revenue Share, By Companies, 2024 |
10.2 Armenia Smart Beacon Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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