Bluetooth Smart And Smart Ready Market Forecast by Regions, Types & Applications and Leading Industry Players – Texas Instruments Inc, Qualcomm Technologies Inc, Nordic Semiconductor ASA, Broadcom

 

Bluetooth Smart and Smart Ready Market

The transition from traditional Bluetooth to Bluetooth smart technology occurred due to the drawbacks possessed such as large energy drains and complexities involved in the pairing of devices.  This issue was resolved with the introduction of Bluetooth low energy (BLE), this device allows long-term communication such as months, or years based on the coin power source. This device operates by transferring smaller bits of data rather than continuous operation.  The Bluetooth SIG (Bluetooth Special Interest Group, a body that develops and maintains the licensing of Bluetooth standards and technologies) developed two new technologies based on Bluetooth low energy listed as Bluetooth smart and smart ready. Smart ready devices act as a central hub, enabling dual mode communication between 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 heartbeat rate and glucose levels can be considered as the Bluetooth smart device. This device transmits the data to the PC, smartphone or tablet which is enabled as a 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

 

Market Growth:

Substantial growth in the field of Internet of things (IoT) has given rise to the development of application-specific sensors such as glucometer sensors used in the wearable devices for glucose monitoring. These sensors can operate with other devices with the help of Bluetooth technology and consumes lesser energy. Hence smart sensor is also one of the significant factors driving the market growth. For instance: Researchers from University of Sussex, U.K. has developed graphene-based sensors for monitoring the heart and breathing rates of the newborn babies. The rapid adoption of wearable technology also forms a key factor in propelling the smart and smart ready market. For instance:  Scientist at the University of Tokyo has developed a hypo –allergic sensors that can be worn on the body for health monitoring. This technology enables the monitoring for a longer period with causing any discomfort.

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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 wearables 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 factors in propelling the market in North American region. The progressive rise in the number of smartphone 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 the presence of device manufacturers in the world.

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Competitive Analysis:

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.
  • Broadcom

On January, 2018 Cypress Semiconductor Corp, a major player in Internet of things (IoT) developed led lights based on the Bluetooth mesh connectivity technology.

 

Latest News and Innovations:

On January, 2018 Alibaba Group announced its partnership with Mediatek with the aim of developing smart home protocols, customized IoT chips and Bluetooth mesh technology.

 

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