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Strategic Assessment of Worldwide Bluetooth Smart Market – Forecast Till 2021

Monday, February 13, 2017 4:22
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The Recent “Bluetooth Smart Market” added by Big Market Research is an in-depth analysis of the industry size, share, and structure. It presents quantitative and qualitative market intelligence on the current revenue figures and volumes in distribution.

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In the era of wireless technology, Bluetooth is a standard for exchanging data over short range distances from fixed & mobile devices, and building personal area networks. Invented by Swedish digital communications firm Ericsson in 1994, the Bluetooth technology was initially developed as a wireless alternative to data cables. Bluetooth technology was designed as an open standard to allow connectivity and collaboration between industries and disparate products.
Worldwide Bluetooth Smart market research report covers the present scenario and the growth prospects of the Worldwide Bluetooth Smart Market for the period 2015-2021. The report provides in-depth analysis of market size and growth of Worldwide Bluetooth Smart market. This market research report includes a detailed market segmentation of the Worldwide Bluetooth Smart Market by

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Market research analysts at Beige Market Intelligence, forecast the Worldwide Bluetooth Smart market to grow at a CAGR of around 28% during the forecast period. The growth in connectivity technologies such as Bluetooth is primarily driven by an increasing consumer appetite for accessing content without any barriers. This demand for embedded connectivity technologies that can enable interaction between various consumer electronic devices is not only promoting sophistication in electronic and semiconductor manufacturing but also is enabling advancement of efficient technology standards. One such standard that has gained immense prominence is Bluetooth smart on account of it being more energy-efficient than competing interfaces and networking solutions such as Bluetooth, Ethernet and Wi-fi. With the need for constant interaction between devices becoming inevitable, easily-implementable connectivity technologies such as Bluetooth smart are becoming indispensable on account of the extensive ecosystem and ubiquity of Bluetooth technology standard.

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Worldwide Bluetooth Smart market can be segmented based on the type of application as consumer electronics, home automation, healthcare, retail, wearables, automotive, industrial automation and others. The consumer electronic segment was valued at around US$485 million in 2015 and is expected to reach over US$2420 million by 2021. The healthcare Bluetooth smart market, which covers devices like hearing aids, blood pressure monitors, glucose monitors, smart drug delivery devices and thermometers etc., is expected to grow at a lower rate, as the market has already been growing for many years. Continuous glucose monitors are a significant segment in healthcare sector owing to the growing prevalence of diabetes in the emerging economies of Latin America and Asia Pacific. The Bluetooth smart market in retail especially for beacons is still in the early stages of development owing to factors like tepid consumer interest and lower adoption leading to experimental retail implementations, even though Apple launched iBeacons two years ago. The retail segment of Worldwide Bluetooth smart market is expected to reach over US$80 million by 2021.

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