Pune, India -- (SBWIRE) -- 07/21/2018 -- Global Bluetooth Smart and Smart Ready Market competition by top players include - AferoInc, Avi-On Labs Inc., Avnet Inc., Bluegiga Technologies, Broadcom Corporation, Cassia Networks Inc., Ceva Inc., Cypress Semiconductor Corporation, Dialog Semiconductor PLC, Fanstel Corporation, Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor Asa, Panasonic Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, Rfsister, Rohm Semiconductor, Samsung Corporation, Texas Instruments Incorporated, Toshiba Corporationamong others. In 2017, Qualcomm Incorporated introduced support for the Bluetooth® Special Interest Group (SIG) mesh networking standard with the new Qualcomm® Bluetooth mesh, a SIG mesh implementation and evolution of CSRmesh™ connectivity.

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Market Overview:

Global Bluetooth Smart and Smart Ready Market accounted to USD 4.7 billion in 2016 growing at a CAGR of 3.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Bluetooth Smart is a revolutionary concept in the entire mobile connectivity industry. The central idea behind this technology is that it connects Bluetooth enabled devices to interact with each other. Currently, wireless sensors are embedded in most of the electronic gadgets and consumer wearable products. The latest trend in this market is developing Bluetooth technology leads to high efficiency of Bluetooth devices and application of these devices in the wearable device will leads the market in future. There is need of Bluetooth smart for several applications like Automotive and aerospace, Consumer Electronics, Healthcare, Transportation, Government and defense, Others will create a huge market for the Bluetooth smart.

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Report Segmentation:

On the basis of technology the Bluetooth smart and smart ready market is segmented into:

- Bluetooth Smart
- Bluetooth Smart Ready
- Bluetooth 5.0.

The Bluetooth 5.0 market is expected to grow in the forecasted period.

On the basis of device the Bluetooth smart and smart ready market is segmented into:

- Smartphones
- Tablets
- Desktops
- Wearable devices

The wearable market is expected to grow in the forecasted period.

On the basis of application the Bluetooth smart and smart ready market is segmented into:

- Automotive and Aerospace
- Consumer Electronics
- Healthcare
- Transportation
- Government And Defense
- Others

The consumer electronics market is expected to grow in the forecasted period.

On the basis of geography, Bluetooth smart and smart ready market report covers data points for 28 countries across multiple geographies such as:

- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa

Major Market Drivers and Restraints:

- Increasing trends in the IOT Technology
- Increase Applications of Smart Wireless Sensors
- Low Power Consumption and Cost-Efficient Bluetooth Smart and Smart Ready Devices
- Growth of Wearable Devices and Accessories
- Low Data Streaming Capacity

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