Market Analysis: Global Bluetooth Smart and Smart Ready Market
Global Bluetooth Smart and Smart Ready Market is expected to rise from its initial estimated value of USD 4.97billion 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
Market Definition: Global Bluetooth Smart and Smart Ready Market
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
- By Technology
- Bluetooth Smart
- Bluetooth Smart Ready
- Bluetooth 5.0
- By Device
- Wearable devices
- By Application
- Automotive and aerospace
- Consumer Electronics
- Government and defence
- Aerospace & defense
- Industriall electronics
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
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 Market Competitors: Global Bluetooth Smart and Smart Ready Market
Few 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.
Research Methodology: Global Bluetooth Smart and Smart Ready Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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