According to the new market research report "Bluetooth Smart and Smart Ready Market by Technology (Bluetooth Smart, Smart Ready, and Bluetooth 5.0), Application (Automotive, Consumer Electronics, Wearable Electronics, Healthcare, Building & Retail), and Geography - Global Forecast to 2023", the Bluetooth Smart and Smart Ready market, in terms of value, is expected to be worth USD 5.34 Billion by 2023, growing at a CAGR of 2.23% between 2017 and 2023. Factors driving the growth of this market include rising demand for Bluetooth Smart and Smart Ready in consumer electronics such as smartphones and PC peripherals, growing IoT applications, and cost-efficient devices that consume low power.

https://www.marketsandmarkets.com/Market-Reports/bluetooth-smart-ready-market-42375512.html

Consumer electronics was the largest application segment in terms of volume in 2016

Consumer electronics is the biggest market for the Bluetooth technology with a multitude of Bluetooth Smart Ready devices. Different technologies, such as ZigBee, Wi-Fi, NFC, ANT+, and Bluetooth, are used by consumers to connect their devices, such as smartphones, tablets, and desktops. Among these technologies, BLE is the most widely used technology that consumers use every day as it is simple and secure, and has low power consumption. Thus, the demand to maintain high efficiency of the electronic devices is expected to fuel the growth of the Bluetooth Smart and Smart Ready market.

The market for Bluetooth 5.0 expected to grow at highest CAGR during forecast period

Bluetooth 5 will enhance IoT application with extra features that better enable industrial automation and smart home coverage by improvements in range and download speeds, resulting in more responsiveness and high performance of devices. With focus on IoT, the features include four times extra range, twice the speed, and eight times more broadcast messaging capacity. Bluetooth 5.0 will also drive the market for beacons in the retail sector as it helps retailers of apparels and supermarkets to achieve targeted advertising.

The market in APAC expected to grow at highest CAGR during forecast period

North America is expected to hold the largest share of the Bluetooth Smart and Smart Ready market by 2023, and it holds a tremendous potential for the market in the coming future owing to its large number of smartphone, tablet, and desktop users. This also indicates that APAC consists of maximum number of apps and users. The market for smartphones and its appcessories is expected to continue to grow in APAC; thus, the market for the BLE technology also continues to expand. APAC consists of some of the leading markets such as China, Japan, and India.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42375512

Major players in this market include Qualcomm Inc. (US), Broadcom Corporation (Singapore), Cypress Semiconductor Corporation (US), Dialog Semiconductor PLC (UK), Marvell Technology Group, Ltd. (Bermuda), Mediatek, Inc. (Taiwan), Nordic Semiconductor ASA (Norway), Bluegiga Technologies (Finland), Texas Instruments Incorporated (US), Fanstel Corporation (US), Toshiba Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Renesas Electronics Corporation (Japan), Microchip Technology Inc. (US), and CEVA, Inc. (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]