The Global Bluetooth Smart and Smart Ready Market are expected to grow at a significant CAGR during the forecast period (2024-2031). Bluetooth Smart is a new idea in the mobile connection sector. The basic notion underlying this new technology is that it allows Bluetooth-enabled devices to communicate with one another. Furthermore, power saving is one of the most important aspects pushing the broad adoption of Bluetooth Smart technology over traditional Bluetooth technology. Wireless sensors are now found in the majority of electronic gadgets and even wearable devices. With the use of appropriate technology, such as Bluetooth, these wireless sensors may communicate with one another. As a result, the development of smart wireless sensors is also regarded to be one of the main reasons driving the global market for Bluetooth Smart and Smart Ready growth during the forecast period.
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The number of products and accessories that enable Bluetooth and Bluetooth Ready technologies has also increased significantly. This contributes to the development of a powerful linked foundation for all electronic devices. Furthermore, the wearable goods market is predicted to develop rapidly soon, and wearable devices are expected to be equipped with Bluetooth Smart Ready technology. Furthermore, consumers of this technology will not incur any new costs because their existing Bluetooth-enabled devices will support the Bluetooth Smart Ready technology and goods. The usage of Bluetooth Smart Ready devices has resulted in a significant reduction in power consumption. Cheap power needs, as well as low prices, are some of the other key aspects expected to contribute to the overall growth of the global market for Bluetooth Smart and Smart Ready devices in the forecast period.
For instance, Dialog Semiconductor (UK) in November 2019, demonstrated its latest connectivity solutions, including the SmartBond DA14681, a wearable development kit. As part of a voice command demonstration for its Remote Control Unit (RCU) reference designs, the firm also showcased DA14585 and DA14586 systems that allow Bluetooth 5, stressing the possibilities of IoT SoCs.
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Market Coverage
- Segment Covered-
o By Technology
o By Device
o By Application
- Competitive Landscape: Thales Group, Qualcomm Technologies, Inc., Broadcom., Cypress Semiconductor Corporation., Dialog Semiconductor, Marvell, and Nordic Semiconductor among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Bluetooth Smart and Smart Ready Market Report
By Technology
- Bluetooth Smart
- Bluetooth Smart Ready
- Bluetooth 5.0
By Device
- Smartphones
- Tablets
- Desktops
- Wearable Devices
By Application
- Automotive and Aerospace
- Consumer Electronics
- Healthcare
- Transportation
- Government
- Aerospace and Defence
- Education
- Industrial Electronics
- Retail
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