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Strategic Assessment of Worldwide Bluetooth Smart Market - Forecast Till 2021NEW YORK, May 24, 2016 /PRNewswire/ -- Bluetooth Smart – Geographic Analysis The APAC region is expected to exhibit the fastest growth, during the forecast period between 2016 and 2021 due to rapid penetration of BLE-enabled smartphones and personal computing products in the countries like China, Japan, India and South Korea. On account of stable and growth-focused regulatory regimes in key geographies of India, China, Japan, Singapore and South Korea, the region is undergoing a rapid infrastructural change, particularly in the realms of connectivity, manufacturing and security. Rapid expansion in mobile connectivity, federal spending on public security systems and the rise of cheaper electronic manufacturing hubs coupled with rapidly growing disposable incomes and a low consumer durable ownership rate mean huge growth opportunity for connectivity technologies such as Bluetooth smart. APAC is expected to remain the leading consumption market for Bluetooth smart modules with the region's share expected to rise up to 55.3% by 2021. Further, North America is expected to gain prominence as the second largest consumption market with a share of over 21% by 2021 on account of a well-developed internet ecosystem coupled with a sharp rise in the launch of innovative technological offerings and device ownership turnover. The region is expected to grow at a significant growth rate of around 30% during the forecast period. The Increase in the number of shipments of Bluetooth Smart and Smart Ready-enabled devices in this region can be primarily attributed to Consumer Electronics, followed by Home automation and wearables in both fitness and healthcare. The Bluetooth Smart market in EMEA is forecasted to grow at a CAGR of around 24% during the forecast period. Within Europe, significant adoption of Internet of Everything (IoE) in this region across business sectors like agriculture, healthcare, retail, transportation, manufacturing, sports & entertainment, education etc. is contributing primarily to the market growth. Consumer Healthcare segment showed fastest growth due to increased number of machine2machine (M2M) connections and is increasingly becoming digitized deploying sophisticated IT systems in hospitals. The increase in uptake of wireless technology in healthcare is due to low cost and power efficient without comprising on patient safety and service quality. The Bluetooth Smart market witnessed relatively slower growth in MEA compared to Europe as many parts of the Middle East and Africa (MEA) suffered setbacks in the past year as escalating violence, political instability, civil unrest and medical crises afflicted the region. Bluetooth Smart – Drivers, Restrains and Trends This market research report provides market overview of the factors driving and restraining the growth of the market. The report also outlines the key trends emerging in the market that will contribute to the growth of Worldwide Bluetooth Smart market during the forecast period. The factors driving the growth of the market include Industrial Internet of Things (IoT) Revolution. Industrial IoT is one of the largest end-market potential for Bluetooth Smart. The market is expected to extend from personal area networks (PAN) to wider area networks (WAN). The rising adoption of Industrial IoT is expected to boost the market for networking technologies, especially wireless networks. These networks not only provide mobility to the equipment but also offer greater scalability and ease of integration to the network. The manufacturing sector is witnessing a transformation through the implementation of the smart factory concept and factory automation technologies. Government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are expected to drive the IIoT solutions in Europe. Moreover, increasing adoption of Bluetooth Smart in healthcare applications is expected to fuel the growth of the market during the forecast period. Some of the major restraints confronting the growth of the Bluetooth Smart market include lack of interoperability and a standard communication protocol. As more Bluetooth smart devices get deployed and connected, there will be multiple connection standards emerging in the environment. Some of the communication protocols are Wi-Fi, Zigbee, cellular apart from Bluetooth smart. These competing standards will inhibit the rapid growth and proliferation of Bluetooth smart devices sales unless a common standard is established or the interoperability issues are resolved. Moreover, data privacy and security concerns is also expected to inhibit the growth of the market during the forecast period. One of the major trends witnessed by the Bluetooth Smart market include growth in wearable technology market. The biggest thing in wearables market is Bluetooth smart Technology. The fast-growing wearables market has huge potential that also encompasses smart glasses, headsets, activity monitors, child and pet monitoring, head- and hand-mounted terminals, medical aids, and cameras etc.to smart clothing and ingestible. And the majority of these products primarily rely on the connectivity of Bluetooth technology. Even companies like Apple is centering its wearables strategy on Bluetooth and Wi-Fi. Bluetooth Smart – Key Vendors The report Bluetooth Smart market also provides the competitive landscape of the key players. The report covers the players operating in the entire value chain of the market. The major players identified within the report are Nordic Semiconductor, Texas Instruments, Cambridge Silicon Radio (CSR plc.), Dialog Semiconductor, Broadcom and Silicon Labs. The report also covers the other prominent vendors in the market such as Bluegiga Technologies, Cypress Semiconductors, Marvell technology Group, MediaTek, NXP Semiconductors, BlueRadios, LAPIS Semiconductor, Microchip Technology, Toshiba, Apple, STMicroelectronics, and Murata Manufacturing. Read the full report: http://www.reportlinker.com/p03773504-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/strategic-assessment-of-worldwide-bluetooth-smart-market--forecast-till-2021-300274326.html SOURCE Reportlinker |