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Bluetooth Smart & Smart Ready Market Size, Share, Trends, Innovations, Outlook 2022-2030

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The global Bluetooth Smart & Smart Ready market size is expected to be worth around US$ 45.5 billion by 2030, according to a new report by Vision Research Reports.

The global Bluetooth Smart & Smart Ready market size was valued at US$ 6.20 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 45.5 Bn by 2030
Growth Rate CAGR of 5.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Technology, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Texas Instruments Incorporated; Qualcomm Technologies, Inc.; Nordic Semiconductor ASA; Murata Manufacturing Co., Ltd.; Microchip Technology Inc.; Marvell Technology Group Ltd.; Dialog Semiconductor; Cypress Semiconductor Corporation; CEVA, Inc

Growth Factors

The increasing use of smart gadgets and latest technological advancements in Bluetooth (BT) technology are expected to fuel the growth of this market globally. Moreover, a significant increase in the number of players investing in this market is projected to increase competitive rivalry.

The increasing demand for smart wireless sensors that are embedded in most of the consumer wearable products and electronic gadgets is expected to drive the global Bluetooth Smart and Smart Ready market. The suitability of Bluetooth Low Energy (BLE) technology for small wireless battery-operated devices that need high endurance is expected to drive the market.

By Application Analysis

the consumer electronics segment accounted for more than 30% of the total market revenue share and is expected to continue witnessing substantial growth over the forecast period.

Almost all the products used for connectivity, customer safety, and entertainment are being enabled with BLE technology.  The home automation segment is also expected to witness bullish growth over the next eight years. The penetration of the BT technology in smart home applications is projected to increase over the forecast period

In the healthcare sector, BLE-enabled heart rate monitors, blood glucose monitors, asthma inhalers, pulse oximeters, and other products are becoming popular.

The retail & location-based services segment is expected to grow at a CAGR of more than 28% over the next eight years. The all-round ability and wide acceptance of the BT technology are expected to present a lucrative growth opportunity for Bluetooth beacons or iBeacons.

By Technology Analysis

The Bluetooth Smart segment is expected to grow at a CAGR of over 30% from 2021 to 2030. The robust growth in the global consumer electronics industry and the increasing preference for wireless connectivity are expected to drive 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 BT-enabled tablet or smartphone.

Bluetooth Smart Ready devices are considered as dual-mode devices since they can communicate with both, classic Bluetooth devices and BLE devices.

By Segment Analysis

The North American region has the largest market size, followed by the Asia Pacific and European regions. The increase in the number of products connected via the internet and the growing adoption of IoT technology is projected to drive the Bluetooth Smart and Smart Ready market in the North American region.

European regional market are expected to grow at a lower rate as compared to the Asian region. However, they are projected to witness steady growth over the forecast period.

Key Players

 Texas Instruments Incorporated; Qualcomm Technologies, Inc.; Nordic Semiconductor ASA; Murata Manufacturing Co., Ltd.; Microchip Technology Inc.; Marvell Technology Group Ltd.; Dialog Semiconductor; Cypress Semiconductor Corporation; CEVA, Inc.; and Broadcom

Market Segmentation

  • By Technology
    • Bluetooth Smart
    • Bluetooth Smart Ready
  • By Application
    • Automotive & Transportation
    • Consumer Electronics
    • Home Automation
    • Medical & Health
    • Retail & Location-Based Services
    • Wearables
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • UK
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Bluetooth Smart & Smart Ready Market, By Technology

7.1.  Bluetooth Smart & Smart Ready Market, by Technology, 2021-2030

7.1.1.    Bluetooth Smart

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Bluetooth Smart Ready

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Bluetooth Smart & Smart Ready Market, By Application

8.1.  Bluetooth Smart & Smart Ready Market, by Application, 2021-2030

8.1.1.    Automotive & Transportation

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Consumer Electronics

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Home Automation

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Medical & Health

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Retail & Location-Based Services

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Wearables

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Bluetooth Smart & Smart Ready Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Texas Instruments Incorporated

10.1.1.  Company Overview

10.1.2.  Technology Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Qualcomm Technologies, Inc

10.2.1.  Company Overview

10.2.2.  Technology Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Nordic Semiconductor ASA

10.3.1.  Company Overview

10.3.2.  Technology Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Murata Manufacturing Co., Ltd

10.4.1.  Company Overview

10.4.2.  Technology Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Microchip Technology Inc

10.5.1.  Company Overview

10.5.2.  Technology Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Marvell Technology Group Ltd

10.6.1.  Company Overview

10.6.2.  Technology Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Dialog Semiconductor

10.7.1.  Company Overview

10.7.2.  Technology Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Cypress Semiconductor Corporation

10.8.1.  Company Overview

10.8.2.  Technology Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              CEVA, Inc.

10.9.1.  Company Overview

10.9.2.  Technology Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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