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(Chicago.CityRegions.Com, January 01, 2017 ) Most of electronics manufacturers and other industries focus on Bluetooth Smart & Smart Ready Market which is expected to reach $5.57 billion by 2020, at a CAGR of 6.64% from 2014 to 2020.
“Bluetooth Smart & Smart Ready Market by Application (Automotive, Consumer Electronics, Wearable Electronics, Healthcare, and Building & Retail), & Geography (Americas, EMEA, APAC) - Global Forecast to 2020”
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Bluetooth Smart also known as Bluetooth Low Energy (BLE) isbringing in a revolution in the entire mobile connectivity industry. The central idea behind these technologies is to allow all the existing Bluetooth devices to join the world of connectivity. BLE is a stellar in terms of power efficiency and an intelligent upgraded version of the classic Bluetooth technology. This report primarily deals with the global Bluetooth Low Energy market and the market trend over the next seven years.
Bluetooth 4.0 has eliminated issues related to continuous battery usage and constant pairing and re-pairing, which existed in the earlier versions. Also, the power usage is less due to the feature of being in the idle mode of power consumption except when critical data is being transferred, which is rare. BLE equipped notebooks, smartphones, tablets,and other consumer electronic devices act as primary devices to send and receive data from secondary BLE devices,such as heart rate monitors, smart watches, or any other wearable products for instance.
The technology is targeted at novel applications in health and wellness, sports and fitness, consumer electronics, appcessories and building automation applications. Rising demand for smartphones, tablets and wearable devices known as appcessories is expected to drive this Bluetooth Smart market.
The market associated with the Bluetooth Smart and Smart Ready is poised for tremendous growth. Applications such as automotive infotainment, wearable electronics, and healthcare among others are expected to be the high growth sectors with regards to implementation of this technology.
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Considering the geographical scenario of the Bluetooth Smart market, APAC occupied the top position, followed by Americas in 2013. The APAC region is also expected to exhibit the fastest growth, during the forecast period between 2014 and 2020.
Some of the major industry players in the Bluetooth Smart and Smart Ready market are Broadcom Corporation (U.S.), Texas Instruments (U.S.), Cypress Semiconductor Corporation (U.S.), Nordic Semiconductor ASA (Norway), CSR Plc. (U.K.), Qualcomm Inc. (U.S.), and MediaTek Inc. (Taiwan) among others.
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