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Bluetooth Smart and Smart Ready Market Growth 2023 Projections: Reach $5.34 BILLION at 2.23% CAGR
PUNE, India, July 2, 2017 /PRNewswire-iReach/ -- The APAC is the major region in Bluetooth Smart and Smart Ready market. APAC is expected to hold the largest share of the Bluetooth Smart and Smart Ready market by 2023. It holds a tremendous potential for the market in the coming future owing to the developing economies such as China and India, which have a huge potential for the application of IoT, one of the key growth sectors for the Bluetooth Smart technology. Complete report on "Bluetooth Smart and Smart Ready Market" spread across 206 pages, profiling 16 companies and supported with 112 tables and 61 figures is now available at http://www.rnrmarketresearch.com/bluetooth-smart-and-smart-ready-market-by-technology-bluetooth-smart-smart-ready-and-bluetooth-50-application-automotive-consumer-electronics-wearable-electronics-healthcare-building-retail-and-geogra-st-to-2023-market-report.html .
The Bluetooth Smart and Smart Ready market for appcessories expected to grow at highest CAGR during forecast period. Appcessories are hardware devices that interact with an app on smart phones or tablets through Bluetooth to perform a specific function. BLE has become the connectivity standard for these devices. Bluetooth Smart and Smart Ready solutions are prominently used in many appcessories, such as weight scales, toys, camera triggers, basketballs, and child proximity sensors. Currently, many start-ups are emerging with new apps that can control a specific device. The market of apps is ever increasing and is triggered by the demand for smart phones and these apps. Thus, the market for appcessories is expected to grow at the highest CAGR during the forecast period.
The rise in applications of smart wireless sensors expected to fuel growth of Bluetooth Smart and Smart Ready market which is driven by rising demand for Bluetooth Smart and Smart Ready in consumer electronics such as smartphones and PC peripherals, growing IoT applications, and cost-efficient devices that consume low power. Increasing demand for smart phones and PC peripherals, coupled with the realization of huge benefits of improved lifestyle, is driving the BLE market in APAC. Moreover, the APAC region accounts for the largest number of smart phone, tablet, and desktop users in the world, with India being the fastest-growing country.
This research study is obliging for following audience:
- Semiconductor foundries
- Original equipment manufacturers (OEMs) application or electronic product manufacturers
- Original design manufacturers (ODMs)
- Automotive manufacturers
- Bluetooth Smart and Smart Ready forums, alliances, and associations
- Technology investors
- Small and large health centers
- Research organizations
- Distributors, resellers, and traders
- Venture capitalists, private equity firms, and start-up companies
The report profiles the key players in the Bluetooth Smart and Smart Ready market and analyzes their market ranking. The prominent players profiled in this report are Qualcomm Inc. (US), Broadcom Corporation (Singapore), Cypress Semiconductor Corporation (US), Dialog Semiconductor PLC (UK), Marvell Technology Group, Ltd. (Bermuda), Mediatek, Inc. (Taiwan), Nordic Semiconductor ASA (Norway), Bluegiga Technologies (Finland), Texas Instruments Incorporated (US), Fanstel Corporation (US), Toshiba Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Renesas Electronics Corporation (Japan), Microchip Technology Inc. (US), and CEVA, Inc. (US). Download PDF Brochure "Bluetooth Smart and Smart Ready Market by Technology (Bluetooth Smart, Smart Ready, and Bluetooth 5.0), Application (Automotive, Consumer Electronics, Wearable Electronics, Healthcare, Building & Retail), and Geography - Global Forecast to 2023" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1086189 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (33%), Tier 2 (45%) and Tier 3 (22%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (33%), Director Level (25%) and others (42%) from various key organizations operating in the Bluetooth Smart and Smart Ready market. The primary interviews were conducted worldwide covering regions such as North America (35%), Europe (29%), Asia-Pacific (24%), and RoW (12%).
Research Coverage: This research report categorizes the Bluetooth Smart and Smart Ready market on the basis of technology, application, and geography. The report also provides a description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.
On a related note, another research titled Wireless Audio Market Global Forecast to 2023 says, the wireless audio market is expected to grow from $16.13 billion in 2016 to $31.80 billion by 2023, at a CAGR of 10.06% between 2017 and 2023. The Bluetooth technology to hold the largest size of the wireless audio market by 2023. Wireless audio market in APAC to grow at a high rate between 2017 and 2023. Companies such as Bose Corporation (US), So nos. Inc. (US), Harman International Industries, Incorporated (US), Apple Inc. (US), Sony Corporation (Japan) have been profiled in this 168 pages research report available at http://www.rnrmarketresearch.com/wireless-audio-market-by-product-soundbar-speaker-headphones-headset-technology-bluetooth-wi-fi-sonos-airplay-application-home-audio-consumer-automotive-commercial-and-geography-global-forecast-to-2022-market-report.html .
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