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.
Full Research Report On Bluetooth Smart & Smart Ready Market Visit Here:
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.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/bluetooth-smart-and-smart-ready-market/request/rs1
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.
For more info visit @ https://www.grandviewresearch.com
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