The global bluetooth
smart and smart ready market is expected to reach USD 39.3 billion by
2025, according to a new report by Grand View Research, Inc. The increasing use
of smart gadgets and latest technological advancements in Bluetooth (BT)
technology are expected to fuel the growth of this market globally. Moreover, a
significant increase in the number of players investing in this market is
projected to increase competitive rivalry.
The increasing demand for smart wireless sensors that
are embedded in most of the consumer wearable products and electronic gadgets
is expected to drive the global Bluetooth Smart and Smart Ready market. The
suitability of Bluetooth Low Energy (BLE) technology for small wireless
battery-operated devices that need high endurance is expected to drive the
market.
The growing adoption of Internet of Things (IoT),
particularly in the retail and industrial sectors, is expected to boost the
demand for Bluetooth Smart and Smart Ready devices over the forecast period.
Increased demand for PC peripherals, smart TV consoles, smartphones, and
tablets has also contributed to the growth of the consumer electronics market.
This, in turn, is expected to boost the demand for the BT technology. Moreover,
the rapidly growing smartphone market has been a key driver for the
proliferation of the BT standard.
The Bluetooth Smart technology is evolving as a
leading connectivity protocol for fitness and medical devices globally; it has
become a de facto standard for smartwatches, fitness devices, and medical
devices produced by companies such as Polar Electro; Nike, Inc.; Adidas AG;
Samsung Electronics Co., Ltd.; Pebble; Sony Corporation; iHealth Labs Inc., and
Qualcomm Technologies Inc.
Furthermore, compatibility with several platforms and
the wide acceptance of the BT technology has opened new growth avenues for the
Bluetooth beacons market. These beacons are widely deployed in the retail
sector to facilitate indoor navigation, contactless payments, and also enable
in-store analytics and proximity marketing.
Browse full research report on Bluetooth Smart & Smart Ready Market: https://www.grandviewresearch.com/industry-analysis/bluetooth-smart-and-smart-ready-market
Further
key findings from the report suggest:
- The retail & location-based services and wearables segments are
expected to witness robust growth
- The automotive & transportation segment is expected to account
for approximately 12% of the total revenue share by 2025; the growing
demand for connected car technology and increased on-board connectivity is
projected to drive this segment
- In 2016, the North American region accounted for the largest market
revenue share due to the high penetration of the IoT technology and an
increase in the number of interconnected products via internet
- The key players in the industry include 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.
Grand
View Research has segmented the Bluetooth smart and smart ready market by
technology, application, and region:
Technology
Outlook (Volume, Million Units; Revenue, USD Million; 2014 - 2025)
- Bluetooth
Smart
- Bluetooth
Smart Ready
Application
Outlook (Volume, Million Units; Revenue, USD Million; 2014 - 2025)
- Automotive
& Transportation
- Consumer
Electronics
- Home
Automation
- Medical &
Health
- Retail &
Location-Based Services
- Wearables
Regional
Outlook (Volume, Million Units; Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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