GLOBAL BLUETOOTH SMART AND SMART READY MARKET -USD 8.55 billion in 2020 and is expected to reach USD 15.34 billion by 2032, at a CAGR of 4.23% during the forecast period.2018-2032

GLOBAL BLUETOOTH SMART AND SMART READY MARKET -USD 8.55 billion in 2020 and is expected to reach USD 15.34 billion by 2032, at a CAGR of 4.23% during the forecast period.2018-2032

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Application Insights
In 2016, the consumer electronics segment accounted for more than 30% of the total market revenue share and is expected to continue witnessing substantial growth over the forecast period. This can be chiefly attributed to the robust demand for smartphones and tablets and increasing digitalization in emerging countries, such as Brazil, China, India, and other South Asian countries.

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Almost all the products used for connectivity, customer safety, and entertainment are being enabled with BLE technology. The increasing demand for such advanced connected consumer electronics devices is expected to drive the Bluetooth Smart and Smart Ready market over the forecast period.

Technology Insights
The Bluetooth Smart segment is expected to grow at a CAGR of over 30% from 2017 to 2025. The robust growth in the global consumer electronics industry and the increasing preference for wireless connectivity are expected to drive the demand for Bluetooth Smart devices.

The growth in IoT applications and the rising demand for consumer electronics such as smart phones and PC peripherals are the factors driving the market. The major applications of the Bluetooth smart and smart ready market include consumer electronics, automotive, wearable electronics, appcessories, and healthcare. Among all the applications, the market for the appcessories segment is expected to grow at the highest CAGR during the forecast period. Presently, many start-ups are developing new apps that can control a specific device. The market of apps is ever increasing and is triggered by the demand for smartphones and these apps; this is driving the market for appcessories

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Drivers: Increase in adoption of smart wireless devices
Developments in various connectivity technologies, such as ZigBee, BLE, Z-Wave, and EnOcean, are empowering the rapid deployment of these wireless sensors around homes and offices. From the everyday sensors in homes to the high-end precision sensors in industries and laboratories, sensors are finding applications everywhere. Thus, this growing demand for low-cost, smart wireless sensors is also expected to drive the BLE market as it offers ease of compatibility with Smart Ready devices.

Restraint: Stubby data streaming limits the growth
BLE has a very low data payload throughput compared with the Classic Bluetooth technology. This makes BLE unsuitable for not only high- but also medium-bandwidth streaming (audio or video) as it is designed for the transfer of few and small data packets with large sleeping time in between. It reduces the amount of picojoules per bit for data packets compared with other competing technologies. Other technologies consume more power not because they have less efficient radios, but because the receiver is constantly powered up even when there are more pauses in radio traffic, along with the fact that a significant portion of the transferred bits is not payload but overhead-protocol headers, checksums, and even just blanking spaces.

Bluetooth smart and smart ready Market, by Technology:
Bluetooth Smart
Bluetooth Smart Ready
Bluetooth 5.0
Bluetooth smart and smart ready Market, by Application:
Automotive
Building & Retail
Wearable Electronics
Healthcare
Appcessories
Industrial Measurement and Diagnostics
Bluetooth smart and smart ready Market, by Geography:
Americas
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Netherlands
Rest of Europe
APAC
China
Japan
India
Rest of APAC
RoW
South America
Middle East and Africa
Key Market Players
Key players in the market include Qualcomm Inc. (US), Broadcom Corporation (Singapore)- , Cypress Semiconductor Corporation (US), Dialog Semiconductor PLC (UK), Marvell Technology Group, Ltd. (Bermuda), Mediatek, Inc (Taiwan).

Qualcomm Incorporated (US) is a key market player in the digital communications technology, mainly code division multiple access (CDMA), and is also involved extensively in the development and commercialization of orthogonal frequency division multiple access (OFDMA). The company also develops and commercializes key technologies that are currently being used in handsets and tablets-LAN, GPS, and short-range communication functionalities, including NFC and Bluetooth.

Recent Developments
Bluegiga Technologies was acquired by Silicon Laboratories (US) in 2015. Silicon Laboratories (US) is a leading provider of microcontroller, wireless connectivity, and analog and sensor solutions for the Internet of Things (IoT). This acquisition has helped expand Silicon Labs' wireless hardware and software solutions for IoT, thus addressing a broader range of market opportunities and customer needs.
In February 2017, Siemens Ltd. and Siemens Rail Automation Spain have jointly won an order to supply state-of-the-art signaling technology for the first 2 metro lines of the Nagpur Metro, i.e., the North-South and the East-West Corridors.
Dialog Semiconductor (UK) will showcase its new connectivity products including theSmartBond DA14681, a wearable development kit. The company will also showcase DA14585 and DA14586, the systems enabled the Bluetooth 5, emphasizing the capabilities of IoT SoCs as part of a voice command demonstration for its Remote Control Unit (RCU) reference designs.
Nordic Semiconductor launched the Switchmate voice-activated smart lighting device, which is connected to BLE wireless device (Bluetooth 4.0).

Regional Insights
The North American region has the largest market size, followed by the Asia Pacific and European regions. The increase in the number of products connected via the internet and the growing adoption of IoT technology is projected to drive the Bluetooth Smart and Smart Ready market in the North American region. In the Asia Pacific region, the market is expected to surpass USD 12 billion by 2025. The Smart Ready segment is expected to account for 60% of the market. The increasing penetration of smartphones, tablets, and other personal computing products is expected to boost the growth of the Asia Pacific regional market.

The U.S. market and the European regional market are expected to grow at a lower rate as compared to the Asian region. However, they are projected to witness steady growth over the forecast period. Within the European region, Germany is expected to witness the fastest growth. Japan, Germany, the U.S., and China are some of the prominent device manufacturing hubs in the world.

Competitive Insights
Texas Instruments Incorporated; Qualcomm Technologies, Inc.; Nordic Semiconductor ASA; Murata Manufacturing Co., Ltd.; Microchip Technology Inc.; Marvell Technology Group Ltd.; Dialog Semiconductor; Cypress Semiconductor Corporation; CEVA, Inc.; and Broadcom are some of the prominent market players globally.

In 2016, Cypress Semiconductor Corp. acquired Broadcom's Wireless Internet of Things (IoT) business and its related assets to address the growing demand for IoT devices. Dialog Semiconductor, a UK-based technology company, aimed at accelerating the adoption of wireless technology by investing in Energous Corporation in November 2016.

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