Bluetooth Smart and Smart Ready Market: 2018 Is Expected to Reach US $5.07 Billion By 2023 | with Key Players by Broadcom, Fanstel, Toshiba, Murata, Microchip, Mediatek and Bluegiga

Bluetooth Smart and Smart Ready Market, by Devices (Smartphones, Tablets, Desktops, Wearable devices), by Technology (Bluetooth Smart, Bluetooth 5.0, Smart Ready), By End-User (Automotive and aerospace, Consumer Electronics, Healthcare, Transportation, Government and defense) by Global Forecast 2023. 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 Insights:

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.

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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.

Key Players:

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.

Market Segmentation:

The global Bluetooth Smart & Smart Ready market has been analyzed by segments. Segmentation has been done by devices, technology, end-user, and region.

Based on devices, the market has been segmented into smartphones, tablets, desktops, wearable devices and others.

Based on technology, the market has been segmented into Bluetooth 5.0, Bluetooth Smart, Bluetooth Smart Ready, and others.

Based on end user, the market has been segmented into healthcare, transportation, government & defense, education, consumer electronics, automotive, building & retail and others.

Based on region, the market has been segmented into North America, Europe, Asia Pacific (APAC) and the Rest of the World (RoW).

Regional Analysis:

Analysis of the global market has been segmented into North America, Europe, Asia Pacific (APAC) and the Rest of The World (ROW).

North America holds the lead in the Bluetooth Smart and smart ready market. This is due to the presence of major market players, swiftly developing IoT technology and a growing requirement for power efficient wireless connectivity. The increasing adoption of IoT technology and the number of products that offer capabilities for wireless network connectivity is expected to propel market growth during the forecast period.

The Asia Pacific has been projected to be the fastest growing regional market segment. The increase in demand and usage of personal electronic devices such as laptops and tablets, along with the penetration of smartphones in emerging economies of this region has created huge potential for the Bluetooth smart and smart ready market. Japan and China are some countries with a strong presence of manufacturers of these devices making the region prominent. Countries such as India and South Korea are expected to fuel market growth due to the rising demand for devices with wireless connectivity features.

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

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.

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For the purpose of this study, the global Bluetooth Smart and Smart Ready 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.

Table of Contents

1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Bluetooth Smart and Smart Ready Market: By Devices
1.3.2 Global Bluetooth Smart and Smart Ready Market: By Technology
1.3.3 Global Bluetooth Smart and Smart Ready Market: By End User
1.3.4 Global Bluetooth Smart and Smart Ready Market: By Region

2 Research Methodology
2.1 Research Technology
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
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List of Tables
Table 1 Bluetooth Smart and Smart Ready Market, By Devices
Table 2 Bluetooth Smart and Smart Ready Market, By Technology
Table 3 Bluetooth Smart and Smart Ready Market, By End-User
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List of Figures
Figure 1 Research Methodology
Figure 2 Bluetooth Smart and Smart Ready Market: By Devices (%)
Figure 3 Bluetooth Smart and Smart Ready Market: By Technology (%)
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