According to a new market research report on the "Bluetooth Smart & Smart Ready Market by Application (Automotive, Consumer Electronics, Wearable Electronics, Healthcare, and Building & Retail), & Geography (Americas, EMEA, APAC) - Global Forecast to 2020", published by MarketsandMarkets, the Bluetooth Smart & Smart Ready Market size was worth $2.3 Billion in 2013 and it is expected to reach $3.9 Billion by 2020.
The Bluetooth Smart & Smart Ready Market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current scenario. The products have been experiencing continuously developments right since their inception. The technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of products and systems, along with greater reliability. The highlighting features of the Bluetooth Smart technology include ultra-low peak, average and idle mode power consumption, ability to run for years on standard coin-cell batteries, low-cost, multivendor operability and enhanced range among others.
Considering the geographical scenario of the Bluetooth Smart and Smart Ready market, Americas occupied the top position, in 2013. The APAC region is expected to exhibit the fastest growth, during the forecast period between 2014 and 2020.
MarketsandMarkets report covers the Bluetooth Smart & Smart Ready market statistics on the basis of different applications and the devices used in each of these applications such as smartphones, tablets, beacons and other appcessories. On the geographic front, the market is divided into Americas, EMEA and APAC.
Apart from the market statistics, the report also includes qualitative analysis comprising the value chain with a detailed process flow diagram; market dynamics such as drivers, restraints, and opportunities; winning imperatives; and industry trends for the overall Bluetooth Smart & Smart Ready market.
The competitive landscape of the market presents a very interesting picture, as the market is witnessing large scale acquisitions and partnerships across the value and supply chain, among number of tier-one players around the globe.
Some of the major industry players in the Bluetooth Smart & Smart Ready market are Broadcom Corporation (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
www.marketsandmarkets.com
