Published on : Jan 16, 2017
ALBANY, NY, Jan 16, 2017: The report serves as a repository of analysis and data regarding various critical parameters of the global Bluetooth low energy devices market including its dynamics, applications, geographical segmentation, key player analysis, and competitive landscape.
Bluetooth low energy is an advanced version of the old Bluetooth technology which is improved to have low energy consumption features and better connectivity. The global market for Bluetooth low energy devices is likely to gain significant traction due to the rising demand for consumer electronics. These devices have a high scope of application in smart technologies for better connectivity. The increasing trend of IoT is also providing a fillip to the market.
However, the growth of the market is challenged by the presence of low-power wireless technologies such as HaLow, 802.15.4, Z-Wave, and Wi-Fi, which act as substitutes. Moreover, the difficulties associated with bit-rates for large file transfers and optimization for application installations are hampering the growth of the market.
On the basis of product type, the global Bluetooth low energy devices market can be divided into single mode and dual mode. Each segment is methodically examined on the basis of revenue, market share, production, growth rate, and price. In terms of application, the market can be classified into consumer electronics, automotive, building and retail, and healthcare.
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The demand for Bluetooth low energy devices will be high in the automotive industry over the forthcoming years. Automobile manufacturers are increasingly implementing Bluetooth devices in cars for better safety and diagnostics. These devices can also be used for wireless charging and automotive connectivity. Building and retail will be another prominent segment owing to the increasing implementation of Bluetooth low energy mesh networks to enable smart homes and smart buildings.
The regional markets analyzed in the research report are North America, Europe, Taiwan, Korea, Japan, and China. North America and Europe will be lucrative markets owing to the continual urbanization and proliferation of consumer electronics in these regions. The rapid technological advancements make these regions favorite destinations for the development of low energy Bluetooth 4.0 technology. The growth of China and Japan can be attributed to the rapid industrialization, increasing acceptance of advanced technologies, and strong demand for Bluetooth 4.0 enabled devices.
Several players in the global Bluetooth low energy devices market are increasingly focusing on the Internet of Things to stay ahead of their peers. Some of the prominent players in the market are Lenovo Group Ltd, Bluegiga Technologies, Panasonic Corp., Intel Corporation, Motorola Solutions Inc, Toshiba Corp., Microsoft Corp., Nokia Corp, Ericsson Technology Licensing, and IBM Corp. The report analyzes the performance of each player across different regions on the basis of price, production, revenue, and market share.
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