LONDON, Feb. 21, 2018 /PRNewswire/ -- Download the full
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The global bluetooth smart and smart ready market is expected to
reach USD 39.3 billion by
2025
The increasing use of smart gadgets and latest technological
advancements in Bluetooth (BT) technology are expected to fuel the
growth of this market globally. Moreover, a significant increase in
the number of players investing in this market is projected to
increase competitive rivalry.
The increasing demand for smart wireless sensors that are embedded
in most of the consumer wearable products and electronic gadgets is
expected to drive the global Bluetooth Smart and Smart Ready
market. The suitability of Bluetooth Low Energy (BLE) technology
for small wireless battery-operated devices that need high
endurance is expected to drive the market.
The growing adoption of Internet of Things (IoT), particularly in
the retail and industrial sectors, is expected to boost the demand
for Bluetooth Smart and Smart Ready devices over the forecast
period. Increased demand for PC peripherals, smart TV consoles,
smartphones, and tablets has also contributed to the growth of the
consumer electronics market.
This, in turn, is expected to boost the demand for the BT
technology. Moreover, the rapidly growing smartphone market has
been a key driver for the proliferation of the BT standard.
The Bluetooth Smart technology is evolving as a leading
connectivity protocol for fitness and medical devices globally; it
has become a de facto standard for smartwatches, fitness devices,
and medical devices produced by companies such as Polar Electro;
Nike, Inc.; Adidas AG; Samsung Electronics Co., Ltd.; Pebble; Sony
Corporation; iHealth Labs Inc., and Qualcomm Technologies Inc.
Furthermore, compatibility with several platforms and the wide
acceptance of the BT technology has opened new growth avenues for
the Bluetooth beacons market. These beacons are widely deployed in
the retail sector to facilitate indoor navigation, contactless
payments, and also enable in-store analytics and proximity
marketing.
Further key findings from the report suggest:
• The retail & location-based services and wearables segments
are expected to witness robust growth
• The automotive & transportation segment is expected to
account for approximately 12% of the total revenue share by 2025;
the growing demand for connected car technology and increased
on-board connectivity is projected to drive this segment
• In 2016, the North American region accounted for the largest
market revenue share due to the high penetration of the IoT
technology and an increase in the number of interconnected products
via internet
• The key players in the industry include Texas Instruments
Incorporated; Qualcomm Technologies, Inc.; Nordic Semiconductor
ASA; Murata Manufacturing Co., Ltd.; Microchip Technology Inc.;
Marvell Technology Group Ltd.; Dialog Semiconductor; Cypress
Semiconductor Corporation; CEVA, Inc.; and Broadcom.
Download the full report:
https://www.reportbuyer.com/product/5291770
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