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... Moreover, power efficiency is one of the major factors driving the adoption of Bluetooth Smart technology over the traditional Bluetooth technology. Currently, wireless sensors are embedded in most of the electronic gadgets and consumer wearable products. These wireless sensors interact with each other using suitable connecting technology such as Bluetooth. Thus, growth of smart wireless sensors is one of the major driving factors for the growth of Bluetooth Smart and Smart Ready market. In addition, the users of the technology do not incur any additional costs as traditional Bluetooth enabled devices support Bluetooth Smart Ready products. The use of Bluetooth Smart Ready products result in significant power savings. Thus, low cost and low power requirements are some other factors fueling the adoption of Bluetooth Smart Ready products.
There is a surge in the number of accessories and gadgets supporting Bluetooth and Bluetooth Smart Ready products and this is helping to form a connected infrastructure of all the electronic gadgets. Furthermore, wearable products market is expected to witness strong growth in the coming years and wearable products are Bluetooth Smart Ready enabled. However, as compared to other connecting technologies such as near field communication (NFC) and Wi-Fi, Bluetooth technology has low data streaming capacity. Thus, Bluetooth Smart Ready technology cannot be used in connecting devices where large amount of data is to be transferred. Bluetooth Smart Ready is not preferred for streaming high-definition videos in televisions and projectors. Hence, low data streaming capacity is one of the major hindering factors for the growth of Bluetooth Smart and Smart Ready market. In addition, security and privacy concerns associated with the use of Bluetooth technology are a major challenge for the players in this market.
With the growth of Bluetooth technology, numerous Bluetooth based applications emerged. Thus, on the basis of application, the market for Bluetooth Smart and Smart Ready products is segmented into automotive applications, consumer electronics applications, and wearable electronics applications. Consumer electronics segment has witnessed fastest growth over the last few years. It includes applications such as audio and video systems, gaming consoles, digital cameras, portable media players, Smartphones, headsets, tablets, computer peripherals and laptops. Further, wearable electronics segment includes consumer wearable devices (eye-wear, foot-wear, wrist-wear, neck-wear, and others), sports and fitness gadgets, building and retail applications, and medical devices. The use of Bluetooth Smart and Smart Ready products has witnessed strong market growth in North America, making it one of the major geographical regions for this market. However, Asia Pacific is anticipated to show strong growth in Bluetooth Smart and Smart Ready products due to increasing penetration of Bluetooth enabled Smartphones and personal computing products in this region.
Bluegiga Technologies Oy, Mediatek Inc., Nordic Semiconductor ASA, NXP Semiconductors, Qualcomm Inc., Cypress Semiconductor Corporation, Dialog Semiconductor PLC, CSR plc, Marvell Technology Group, Ltd., Broadcom Corporation, and Texas Instruments Inc. are some of the major players operating in the global Bluetooth Smart and Smart ready market.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.