Bluetooth Smart & Smart Ready Market (By Technology: Bluetooth Smart, Bluetooth Smart Ready; By Application: Automotive & Transportation, Consumer Electronics, Home Automation, Medical & Health, Retail & Location-Based Services, Wearables) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Bluetooth Smart & Smart Ready market size is expected to be worth around US$ 45.5 billion by 2030, according to a new report by Vision Research Reports.

The global Bluetooth Smart & Smart Ready market size was valued at US$ 6.20 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

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.

By Application Analysis

the consumer electronics segment accounted for more than 30% of the total market revenue share and is expected to continue witnessing substantial growth over the forecast period. 

Almost all the products used for connectivity, customer safety, and entertainment are being enabled with BLE technology.  The home automation segment is also expected to witness bullish growth over the next eight years. The penetration of the BT technology in smart home applications is projected to increase over the forecast period

In the healthcare sector, BLE-enabled heart rate monitors, blood glucose monitors, asthma inhalers, pulse oximeters, and other products are becoming popular.

The retail & location-based services segment is expected to grow at a CAGR of more than 28% over the next eight years. The all-round ability and wide acceptance of the BT technology are expected to present a lucrative growth opportunity for Bluetooth beacons or iBeacons.

By Technology Analysis

The Bluetooth Smart segment is expected to grow at a CAGR of over 30% from 2021 to 2030. The robust growth in the global consumer electronics industry and the increasing preference for wireless connectivity are expected to drive the demand for Bluetooth Smart devices.

Consumer device manufacturers have started designing their products in such a way that they consume less power when connected to any BT-enabled tablet or smartphone. 

Bluetooth Smart Ready devices are considered as dual-mode devices since they can communicate with both, classic Bluetooth devices and BLE devices. 

By Segment Analysis

The North American region has the largest market size, followed by the Asia Pacific and European regions. The increase in the number of products connected via the internet and the growing adoption of IoT technology is projected to drive the Bluetooth Smart and Smart Ready market in the North American region.

European regional market are expected to grow at a lower rate as compared to the Asian region. However, they are projected to witness steady growth over the forecast period.

Key Players

 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

Market Segmentation

The Bluetooth Smart & Smart Ready market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Bluetooth Smart & Smart Ready market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Bluetooth Smart & Smart Ready market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bluetooth Smart & Smart Ready market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Bluetooth Smart & Smart Ready market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Bluetooth Smart & Smart Ready capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Bluetooth Smart & Smart Ready by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Bluetooth Smart & Smart Ready market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Bluetooth Smart & Smart Ready market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Bluetooth Smart & Smart Ready market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Bluetooth Smart & Smart Ready industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Bluetooth Smart & Smart Ready market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bluetooth Smart & Smart Ready market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Bluetooth Smart & Smart Ready market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Bluetooth Smart & Smart Ready market. These factors have benefited the growth of the global market for Bluetooth Smart & Smart Ready. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Bluetooth Smart & Smart Ready. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Bluetooth Smart & Smart Ready are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.