Global Bluetooth Smart and Smart Ready Market by Technology, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
Global Bluetooth smart and smart ready market was valued at USD 4.48 billion in 2019 and is expected to reach USD 5.63 billion by 2026, expanding at a CAGR of around 2.23% during the forecast period, 2020–2026. Bluetooth market is expected to have an upsurge in the forecasted period owing to increasing need for embedded and wireless sensors in electronic gadgets and consumer’s wearables.
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Market Drivers, Restraints, Opportunities, and Trends:
- Surging demand for wireless applications as Bluetooth helps in convenient communication devoid of wires, hence substantial growth is anticipated in the forecasted period.
- Weak data streaming capabilities, data security, and privacy concerns are the restraining factors which are hindering the growth of the market.
- New standards introduced by Bluetooth Special Interest Group (SIG) have provided lucrative opportunities for Bluetooth Low Energy (BLE)-enabled products.
- BLE is evolving as a scalable and a low-power wireless technology enabling connectivity with existing BT-enabled smartphones, tablets, and PCs with the new BLE-compatible products.
- Improvement and advancements in Internet Protocol connectivity, privacy, and speed are the emerging trends which are expected to overcome the challenges.
Competitive Landscape:
Major companies in the global Bluetooth smart and smart ready market include Mediatek Inc, Bluegiga Technologies Oy, Broadcom Corporation, Dialog Semiconductor PLC, Cypress Semiconductor Corporation, Marvell Technology Group, Ltd, Bluegiga Technologies, Nordic Semiconductor ASA, Fanstel Corporation and Texas Instruments Incorporated among others. The market is mostly consolidated with maximum share taken by dominant players.
In 2016, Broadcom’s Wireless Internet of Things (IoT) business was acquired by Cypress Semiconductor Corp. The objective of this acquisition was to address the growing demand for IoT devices. Dialog Semiconductor PLC aimed at accelerating the adoption of the wireless technology by investing in Energous Corporation in the same year.
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The global Bluetooth smart and smart ready market has been segmented on the basis of
Technology
- Bluetooth Smart
- Bluetooth Smart Ready
Applications
- Automotive & Transportation
- Consumer Electronics
- Home Automation
- Medical & Health
- Retail & Location-Based Services
- Wearables
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Bluetooth Smart and Smart Ready Market Overview
- Global Bluetooth Smart and Smart Ready Market Analysis and Forecast by Type
- Global Bluetooth Smart and Smart Ready Market Analysis and Forecast by Application
- Global Bluetooth Smart and Smart Ready Market Analysis and Forecast by Sales Channel
- Global Bluetooth Smart and Smart Ready Market Analysis and Forecast by Region
- North America Bluetooth Smart and Smart Ready Market Analysis and Forecast
- Latin America Bluetooth Smart and Smart Ready Market Analysis and Forecast
- Europe Bluetooth Smart and Smart Ready Market Analysis and Forecast
- Asia Pacific Bluetooth Smart and Smart Ready Market Analysis and Forecast
- Middle East & Africa Bluetooth Smart and Smart Ready Market Analysis and Forecast
- Competition Landscape
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