Bluetooth Smart and Smart Ready Market Analysis by technology (Bluetooth smart, smart ready, and Bluetooth 5.0), by Applications (automotive, construction, healthcare and medicine, and Retail)

Market Scenario:
The large energy drains and complexities involved in pairing Bluetooth devices has resulted into the adoption of smart technology. This complexity was eradicated with the introduction of Bluetooth smart and smart ready technology. This technology operates on the master-slave mode, in which smart ready devices acts as a central hub enabling dual communication mode between the Bluetooth smart and classic Bluetooth devices. For instance consider a real time example of monitoring of patient vital stats. In this the device which records the health vitals such as heart beat rate and glucose levels, can be considered as the Bluetooth smart device. This device transmits the data to the PC, smart phone or tablet which is enabled as Smart monitor. The energy required by the smart ready devices is low due to the single connection accepted at a time. Thus the combination of smart and smart ready devices helps in achieving the low cost and energy efficiency
Immense investment in the field IoT has resulted in the development of application oriented solutions and services such as sensors used in wearable devices for monitoring the health stats. This sensor operates with wearable technology by consuming lesser energy. Hence innovation strategy in IoT forms the major factor in driving the market growth. Increased adoption of wearable technology owing to the ease of use and increased lifetime of the product has resulted as a significant factor in propelling the market growth. However the low data streaming capacity may slow the growth of Bluetooth smart and smart ready market.

Market Segmentation:
The technology segmentation of Bluetooth smart and smart ready market is listed as follows: Based on the technology the market is segmented into Bluetooth smart, smart ready and Bluetooth 5.0. On the basis of applications the market is bifurcated into: Automotive, Consumer electronics, healthcare, building and retail, wearable electronics and industrial measurement and diagnostics. The automotive application is further bifurcated into: driver/ vehicle identification systems, keyless entry systems and drowsiness detection. The healthcare applications are segmented as: heart rate monitors, glucose level monitor and blood pressure monitors. The wearable electronics include: smart watches, activity trackers while Medical wearable’s include: weight tracker, heart health monitor and body temperature monitor.

Regional Analysis:
North America holds for the largest market size followed by Asia-Pacific and Europe. Increased Research and development in the wearable products and adoption of IoT technology are the major factor in propelling the market in this region. Progressive rise in the number of smart phone users is one of the key factors in raising the Asia-Pacific market. China, Japan, U.S. are countries playing a major role in the expanding the market owing to presence of device manufacturers in the world.

Key Players:
The key players in the market are: 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.

Bluetooth Smart and Smart Ready Market
By technology:
• Bluetooth smart
• Bluetooth smart ready
• Bluetooth 5.0
By Applications:
• Automotive
• Consumer Electronics
• Healthcare and Medicine
• Retail
• Construction

Regions Covered:
• North America (U.S and Canada)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)