Bluetooth Smart and Smart Ready Market worth 5.34 Billion USD by 2023 - Expert Analysis

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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
www.MarketsandMarkets.com
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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. PDF Brochure https//www.marketsandmark
ets.com/pdfdownload.asp?id42375512utm_sourcePPT
utm_medium7278

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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.
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In consumer electronics, the products like
smartphones, PC peripherals, and smart TV
consoles are helping to elevate the overall
consumer electronic segment. Smartphones have
been the key driver for the Bluetooth technology
as well as for the explosion of smart devices. It
has been an enabler for all the under
development, innovative consumer application
projects. Also, High demand for tablets and
smartphones is triggering the market for PC
peripherals. These devices convert tablets and
smartphones into full-featured PCs. Smart TV
consoles are gaining traction with the increase
in smart homes and connected homes. 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.
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Browse gtgt 112 market data
tables 61 figures
206 Pages and in-depth TOC on Bluetooth
Smart and Smart Ready Market - Global Forecast to
2023 Early buyers will receive 10 customization
on this report. This is a Premium Report Priced
at Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Bluetooth Smart and Smart
Ready Market is dominated by

• 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)
• CEVA, Inc. (US)

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