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Bluetooth Smart SoC Market Analysis & Trends – Forecast to 2025 |The Insight Partners

Monday, March 13, 2017 22:39
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The “Global Bluetooth Smart SoC Market report categories the global market by Device Type, Application and Geography” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.

Bluetooth offers exchange of information over short range from mobile and fixed devices. It is a wireless technology developed as an alternative to data cables and it is wireless personal area network (WPAN) topology designed. Devices compatible with Classic Bluetooth (2.0 and 3.0) and Bluetooth 4.0 are identified as Bluetooth smart ready devices. Whereas, devices that supports Bluetooth 4.0 are recognized as Bluetooth smart devices.

Furthermore, low power requirement is one of the chief factors for the adoption of Bluetooth smart technology. Presently, wireless sensors are implanted in many of the consumer wearable products and electronic gadgets. With the help of Bluetooth technology, these wireless sensors connects with each other. Therefore, development of smart wireless sensors is a significant driving factor to bolster the growth of global Bluetooth smart system-on-chip (SoC) market. Additionally, the users does not need to incur any extra costs as traditional Bluetooth Smart Ready products are only supported by Bluetooth enabled devices. Low cost coupled with low power requirements are the factors responsible for the increase in growth of Global Bluetooth Smart SoC market. Increasing demand for tables, smartphones and other wearable devices are the key drivers for growth of Global Bluetooth Smart SoC market.

With the increased adoption of Bluetooth and Bluetooth Smart enabled gadgets and accessories, a connected infrastructure for electronic gadgets has formed. However, Bluetooth lacks in transferring heavy data and has a low streaming capacity, as compared to Wi-Fi and near field communication. Low streaming capacity is a key factor that hinders the Global Bluetooth Smart SoC growth. Also, privacy and security concerns regarding the use to Bluetooth technology can be a major challenge for the industry players.

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The Global Bluetooth Smart SoC market is segmented on the basis device type into Bluetooth smart and Bluetooth smart ready. The Global Bluetooth Smart SoC market is further segmented on the basis of applications into automotive, healthcare, building & retail, wearable electronics and consumer electronics. The Global Bluetooth Smart SoC market is bifurcated by regions into North America, Europe, Asia Pacific, Middle East & Africa and South America.

North America dominated the Global Bluetooth Smart SoC market with the increased adoption of Bluetooth smart and Bluetooth smart ready products. Whereas, Asia Pacific is expected to witness fastest growth in the market with the rising penetration of smartphones that support Bluetooth.

Bluegiga Technologies Oy, Nordic Semiconductor ASA, Qualcomm Inc., Dialog Semiconductor PLC, Broadcom Corporation, Texas Instruments Inc., Mediatek Inc., NXP Semiconductors, Cypress Semiconductor Corporation, CSR PLC, Marvell Technology Group, Ltd. Among others are some of the key markets players operating in the Global Bluetooth Smart SoC market.

Reason to buy

  • Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
  • The key findings and recommendations highlight crucial progressive industry trends in the Bluetooth Smart SoC market, thereby allowing players across the value chain to develop effective long term strategies
  • Get reliable information about the strategies manufacturers in this market use to drive revenue
  • Gain insights into the competitive landscape, to strengthen market competitiveness and positioning
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as the those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  • Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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