The Bluetooth Smart and Smart Ready market is growing rapidly. Consumers are using the Bluetooth smart technology to collect and share data. The Bluetooth Smart and Smart Ready based on application is expected to be led by the consumer electronics segment during the forecast period. The rise in applications of smart wireless sensors that use Bluetooth technology is boosting the growth of the market for consumer electronics.
The study indicates that the introduction of ultra-low power Bluetooth and its flexible application development environment will act as a fuel for the Bluetooth Smart and Smart Ready market that also includes the various development in Internet of Things (IoT). In addition, Smartphones, PC peripherals, and smart TV consoles are helping to elevate the overall consumer electronics segment.
According to Market Research Future Analysis, Global Bluetooth Smart and Smart Ready Market has been valued at US $ ~5.07 Billion by the end of forecast period with ~3.1% of CAGR during forecast period 2017 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the Bluetooth Smart and Smart Ready Market: – Broadcom Corporation (Singapore), Fanstel Corporation (US), Toshiba Corporation (Japan), Murata Manufacturing (Japan), Texas Instruments Incorporated (US), Renesas Electronics Corporation (Japan), Microchip Technology Inc. (US), CEVA, Inc. (US), Qualcomm Incorporated (US), Cypress Semiconductor Corporation (US), Mediatek, Inc. (Taiwan), Bluegiga Technologies (Finland), Dialog Semiconductor PLC (UK), Marvell Technology Group, Ltd. (Bermuda), and Nordic Semiconductor ASA (Norway), among others.
By end-user segment, the consumer electronics sector would account for a largest share in Bluetooth Smart and Smart Ready market as Smartphones have been the key driver for the Bluetooth technology as well as for the explosion of smart devices. It also acts as an enabler for all the under development, innovative consumer application projects. The high demand for tablets and smartphones is triggering the market for PC peripherals. These devices convert tablets and smartphones into full-featured PCs. Smart TV consoles are gaining traction with the increase in smart homes and connected homes.
While, the automotive industry is a steadily growing market for Bluetooth smart technology, with Bluetooth enabled hands-free calling systems, includes as standard equipment on millions of new cars and trucks.
By Region, MRFR analysis shows that North America has accounted for highest growth for Bluetooth Smart and Smart Ready Market as the Bluetooth brand promise of simple, secure, everywhere is a powerful tool to help sell Bluetooth devices to consumers and hence will gain a largest market share. Europe region is also showing a positive growth in Bluetooth Smart and Smart Ready market as it provides the low energy that has made possibility to create compelling location-based payment solutions and shopping experiences. Also the shoppers can do hands-free payments and get relevant in-store offers and notifications. Asia-Pacific region as countries like China, Japan, India and many others is expected to show a considerable growth in Bluetooth Smart and Smart Ready Market.
For the purpose of this study, Bluetooth Smart Devices Market has been segmented on the basis of devices, technology, end -users and region. The report on Bluetooth Smart and Smart Ready contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
+1 646 845 9312