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Bluetooth Smart and Smart Ready Market by Technology, Application, and Geography - Global Forecast to 2023

Bluetooth Smart and Smart Ready Market: Global Forecast until 2023

  • June 2017
  • 208 pages
  • ID: 4973885
In this report:
The Bluetooth Smart and Smart Ready market, in terms of volume, for PC peripherals is expected to reach ##,##.## thousand units by 2023 from ##,##.## thousand units in 2016, growing at a CAGR of ##.##% during the forecast period.
The total volume for the Bluetooth Smart and Smart Ready market for sleep apnea monitors is expected to reach ##.## thousand units by 2023 from ##.## thousand units in 2016, growing at a CAGR of ##.##% during the forecast period.

Summary

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"Increase in applications of smart wireless sensors anticipated to fuel increase of Bluetooth Smart and Smart Ready market"

The Bluetooth Smart and Smart Ready market, in terms of value importance, is anticipated to rise at a compound annual growth rate (CAGR) of ~2.2 percent between 2017 and 2023, to attain ~$5.3B by 2023 from ~$4.6B in 2016. The Bluetooth Smart and Smart Ready market is mainly influenced by the following factors: increasing demand for Bluetooth Smart and Smart Ready in consumer electronics, and increasing application arena across industries including medical devices, automotive, wearable electronics, and building and retail. Nevertheless, low data streaming capacity of Bluetooth Smart and Smart Ready is a restraint for the industry.

"Bluetooth Smart and Smart Ready market for appcessories forecasted to grow at topmost cagr during projection period"

Appcessories are hardware devices that interact with an app on smartphones or tablets through Bluetooth to perform a specific function. BLE has become the connectivity standard for these devices. Bluetooth Smart and Smart Ready solutions are prominently used in many appcessories, including weight scales, toys, camera triggers, basketballs, and child proximity sensors. Presently, many start-ups are emerging with new apps that can control a specific device. The market of apps is ever growing and is triggered by the industry demand for smartphones and these apps. Therefore, the sector for appcessories is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.

"Asia-Pacific is the main area in Bluetooth Smart and Smart Ready market"

Asia-Pac is forecasted to hold the most important share of the Bluetooth Smart and Smart Ready market by 2023. It maintains a tremendous potential for the industry in the coming future due to the developing economies including China and India (IN), which have a huge potential for the application of IoT, one of the top increase markets for the Bluetooth Smart technology. Also, growing demand for smartphones and PC peripherals, along the realization of huge benefits of improved lifestyle, is driving the BLE market in Asia-Pacific. Furthermore, the APAC region accounts for the biggest number of smartphone, tablet, and desktop users in the globe, with India (IN) being the quickest-increasing country.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main officials from the corporations in the Bluetooth Smart and Smart Ready market. The breakup of profiles of primary members taking part for the industry report has been shown below:

• By Company category: Tier 1 = 33 %, Tier 2 = 45.0 percent, and Tier 3 = 22.0 percent

• By Description: C-suite executives = 33.0 percent, Directors = 25.0 percent, and Others = 42.0 percent

• By Area: North America continent = 35.0 percent, Europe (EU) = 29.0 percent, Asia-Pac = 24.0 percent, and RoW=12%

The report also profiles the top actors in the Bluetooth Smart and Smart Ready market and analyzes their market ranking. The main players decribed in this business report are Qualcomm (NASDAQ:QCOM), Broadcom Corporation, Cypress Semiconductor Corporation, Dialog Semiconductor PLC, Marvell Technology Group, Limited, Mediatek, Incorporated, Nordic Semiconductor ASA, Bluegiga Technologies, Texas Instruments Incorporated, Fanstel Corporation, Toshiba (TOSBF), Murata Manufacturing Co., Limited, Renesas Electronics Corporation, Microchip Technology Inc., and CEVA, Incorporated, among others.

Segment Research

This market research classifies the Bluetooth Smart and Smart Ready market based on technology, application, and area. The study also offers a description of main drivers, industry restraints, opportunities, and possibilities pertaining to the market; value chain study; and industry ranking analysis.

Why Purchasing This Study Can Help You:

The analysis will facilitate competitors/new sector entrants in this sector in these ways:

1. This document breaks down the Bluetooth Smart and Smart Ready market comprehensively and offers the closest industry size estimation for all sub-segments across different areas.

2. The market research benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for the sector.

3. This industry report will facilitate partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section depicts competitor landscape and different strategies implemented by the firms, including product developments, alliances, and mergers and acquisitions.

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