Global Bluetooth Smart and Smart Ready Market is expected to rise from its initial estimated value of USD 4.97 billion in 2018 to an estimated value of USD 6.19 billion by 2026, registering a CAGR of 2.8% in the forecast period of 2019-2026. This rise in market value can be attributed to the cost-efficient bluetooth smart and smart ready devices with low power consumption.
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Some of the major competitors currently working in the bluetooth smart and smart ready market are Avi-on Labs, Inc. (USA), Avnet, Inc (US), Avero, LLC.(US), Mouser Electronics, Inc. (Finland), Broadcom (US), Cassia Networks, Inc. (US), CEVA, Inc.(US), Cypress Semiconductor Corporation (US), Dialog Semiconductor(UK), FANSTEL CORP (USA), Microchip Technology Inc (US), Murata Manufacturing Co. Ltd. (JAPAN), Panasonic Corporation (Japan), Qualcomm Technologies, Inc (US), Renesas Electronics Corporation (Japan), ROHM SEMICONDUCTOR (Japan), SAMSUNG (South Korea), Texas Instruments Incorporated (US), Toshiba (Japan), among other.
Bluetooth Smart is a revolutionary concept in the entire mobile connectivity industry. The central idea behind this technology is that it connects Bluetooth enabled devices to interact with each other. Currently, wireless sensors are embedded in most of the electronic gadgets and consumer wearable products. The latest trend in this market is developing Bluetooth technology leads to high efficiency of Bluetooth devices and application of these devices in the wearable device will leads the market in future. There is need of Bluetooth smart for several applications like Automotive and aerospace, Consumer Electronics, Healthcare, Transportation, Government and defense, Others will create a huge market for the Bluetooth smart.
- Increase applications of smart wireless sensors, lots of application act as a drivers to the market.
- Increasing trends in the IOT Technology, this significant act as drivers to the market.
- As low data streaming capacity, it creates restraints to the market.
Global Bluetooth Smart and Smart Ready Market
- Bluetooth Smart
- Bluetooth Smart Ready
- Bluetooth 5.0
- Wearable devices
- Automotive and aerospace
- Consumer Electronics
- Government and defence
- Aerospace & defense
- Industriall electronics
- North America
- South America
- Middle East & Africa
Key Developments in the Market:
- In February 2019, Qualcomm Technologies and Robert Bosch GmbH announced research collaboration focused on 5G NR technology applications for the Industrial Internet of Things (IIoT).
- In May 2018, Avi-on Labs got approval from Entrepreneur Elon Musk; that company controlled Bluetooth LED high-bay lighting installation at the Tesla electric car factory.
Global bluetooth smart and smart ready market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bluetooth smart and smart ready market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Table of Content: Global Bluetooth Smart and Smart Ready Market
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Bluetooth Smart and Smart Ready Market Landscape
Part 04: Global Bluetooth Smart and Smart Ready Market Sizing
Part 05: Global Bluetooth Smart and Smart Ready Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis