Bluetooth Smart and Smart Ready Market Size - Competitive Landscape and Regional Trends By 2023

Market Research Future (MRFR) has recently released a market report that delves into the various market segments that make up the market to accurately identify trends, opportunities, challenges, and restraints as well as provide unique insights. MRFR has predicted a moderate CAGR of 3.1% during the forecast period of 2017 - 2023, and an estimated market value of USD 5.07 billion by 2023.

Bluetooth smart and smart ready is the second generation of Bluetooth, and comprises Bluetooth technology that can run on less energy and costs. Consistent upgrades in Bluetooth technology over the years have resulted in the promising development of Bluetooth smart and smart ready products, which are likely to be vital in the emerging IoT technology ecosystem in the coming years. The growing use of IoT infrastructure in industrial and residential applications is likely to be the major driver for the global Bluetooth smart and smart ready market over the forecast period.

Segmentation:

The global Bluetooth smart and smart ready market is segmented on the basis of device, technology, end user, and region.

By device, the global Bluetooth smart and smart ready market is segmented into smartphones, tablets, desktops, wearable devices, and others.

By technology, the Bluetooth smart and smart ready market is segmented into Bluetooth 5.0, Bluetooth smart, Bluetooth smart ready, and others.

By end user, the global Bluetooth smart and smart ready market is segmented into healthcare, transportation, government and defense, industrial, education, consumer electronics, automotive, building and retail, and others.

Regional Analysis

Analysis of Bluetooth Smart and Smart Ready Market Size 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.

Key Players

Prominent players that contribute to the competitive landscape of the global Bluetooth smart and smart ready market include, Nordic Semiconductor ASA, Broadcom Corporation, Toshiba Corporation, Murata Manufacturing, Fanstel Corporation, Texas Instruments Incorporated, CEVA Inc., Renesas Electronics Corporation, Microchip Technology Inc., Qualcomm Incorporated, Cypress Semiconductor Corporation, Mediatek Inc., Bluegiga Technologies, Dialog Semiconductor PLC, and Marvell Technology Group Ltd.

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.

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