Bluetooth Smart and Smart Ready Market - Growth Factors, Key Players and Regional Forecast 2023

Market Highlights

The study reveals that Bluetooth Smart and Smart Ready is trending in North America region. The use of Bluetooth with low energy technology just makes sense. The proliferation and near universal availability of Bluetooth technology is opening up new markets at all ends of the spectrum.

The study indicates that Bluetooth is leading the pack across the sports and fitness, medical and health, home automation, wearable devices and among others field. In the sports and fitness segment, the small sensors in the devices, track the athletic performance such as steps, distance, pace, heart rate, and calories burned, and communicate that information securely and efficiently to consumer-friendly mobile apps.

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The Bluetooth Smart and Smart Ready Market is growing rapidly over 3.1% of CAGR and is expected to reach at USD $~5.07 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Bluetooth Smart and Smart Ready Market Research Report -Forecast to 2023”.

Segmentation

The Bluetooth Smart and Smart Ready Market has been segmented on the basis of devices, technology, end -users and region. Looking through the end-user segment it has been observed that automotive and consumer electronics sector is showing a rapid growth in Bluetooth Smart and Smart Ready Market and holds the largest market share as Bluetooth smart technology enables new use cases in the car by reducing weight, improving fuel economy, and lowering manufacturing costs. Whereas, the other sectors like retail and commercial sector is the first to envision a future for everything from in-store analytics to proximity marketing, indoor navigation and contactless payments.

The prominent 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 Research Analysis

On geographic basis, Bluetooth Smart and Smart Ready market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with highest market share growth in the Bluetooth Smart and Smart Ready market. Over two million people in North America region is using Bluetooth Smart Ready technology. Europe region has a positive growth in the Bluetooth Smart and Smart Ready market due to its wireless connection to authenticate and manage interactions. APAC carries the maximum number of apps and users. The market for smartphones and its accessories along with Bluetooth smart devices is favoring the growth in this region.

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