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Bonafide Research & Marketing Pvt. Ltd.
Steven Thomas

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Global Bluetooth Industry Market Analysis & Forecast 2023
New report has been added to Bonafide Research Database "Global Bluetooth Industry Market Analysis & Forecast 2018-2023', the revenue is valued at USD 4 Billion in 2016, 12/04/2018 - The market is expected to observe significant growth owing to an expanding demand for wireless applications, as the Bluetooth technology encourages convenient communication without wires. Factors for example security and privacy concerns and weak data streaming capabilities are foreseen to challenge market growth over the forecast period. In any case, enhanced Internet Protocol (IP) connectivity, speed, and privacy are expected to overcome these challenges.

In 2016, the consumer electronics segment accounted for more than 30% of the total market revenue share and is expected to continue significant development over the forecast period. This can be predominantly credited to the vigorous interest for smartphones and tablets and expanding digitalization in developing nations like Brazil, China, India, and other South Asian nations.

The report covers Regional Segment Analysis by Type, Application, Major Manufactures, Industry Chain Analysis, Competitive Insights and Macroeconomic Analysis.

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Global Bluetooth Market by Regional Segment Analysis covers North America, Europe, China, Japan, Southeast Asia, India. North America leads the market for bluetooth devices followed by Asia Pacific & European nations. The U.S. market and the European nations market is anticipated to grow at a lower rate as compared to the Asian region. In any case, they are anticipated to witness steady growth over the forecast period. Japan, Germany, the U.S., and China are some of the major blutooth device manufacturing regions in the world.

The Major players mentioned in the report are RDA Microelectronics, Sony Corporation, Intel Corporation, Samsung, Qualcomm Technologies, Inc., Nordic Semiconductor ASA, Murata Manufacturing Co., Ltd., Microchip Technology Inc., Marvell Technology Group Ltd.

Global Bluetooth Market by Product Segment Analysis consists of Bluetooth Smart, Bluetooth Smart Ready, and Type 3.

The Bluetooth Smart segment is expected to grow at a CAGR of more than 30% during the forecast period. The robust growth in the global consumer electronics industry and the expanding interests for wireless connectivity are anticipated to increase 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 Bluetooth device.

Bluetooth Smart Ready devices are considered as dual-mode devices since they can communicate with both, classic Bluetooth devices and BLE devices. The expanding sale of smart wearable's and consumer electronic products that require smartphones and tablets to monitor or control such devices is expected to increase the demand for Bluetooth Smart Ready devices over the forecast period.

Global Bluetooth Market by Application Segment Analysis covers Transportation, Consumer Electronics, Others

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