Bluetooth Smart SoC Market Trends, Opportunities, and Forecast by 2031

Bluetooth offers exchange of information over short range from mobile and fixed devices. It is a wireless technology developed as an alternative to data cables and it is wireless personal area network (WPAN) topology designed. Devices compatible with Classic Bluetooth (2.0 and 3.0) and Bluetooth 4.0 are identified as Bluetooth smart ready devices. Whereas, devices that supports Bluetooth 4.0 are recognized as Bluetooth smart devices.

Furthermore, low power requirement is one of the chief factors for the adoption of Bluetooth smart technology. Presently, wireless sensors are implanted in many of the consumer wearable products and electronic gadgets. With the help of Bluetooth technology, these wireless sensors connects with each other. Therefore, development of smart wireless sensors is a significant driving factor to bolster the growth of global Bluetooth smart system-on-chip (SoC) market. Additionally, the users does not need to incur any extra costs as traditional Bluetooth Smart Ready products are only supported by Bluetooth enabled devices. Low cost coupled with low power requirements are the factors responsible for the increase in growth of Bluetooth smart SoC market. Increasing demand for tables, smartphones and other wearable devices are the key drivers for growth of global Bluetooth smart SoC market.

With the increased adoption of Bluetooth and Bluetooth Smart enabled gadgets and accessories, a connected infrastructure for electronic gadgets has formed. However, Bluetooth lacks in transferring heavy data and has a low streaming capacity, as compared to Wi-Fi and near field communication. Low streaming capacity is a key factor that hinders the global Bluetooth Smart SoC growth. Also, privacy and security concerns regarding the use to Bluetooth technology can be a major challenge for the industry players.

The global Bluetooth smart SoC market is segmented on the basis device type into Bluetooth smart and Bluetooth smart ready. The global Bluetooth smart SoC market is further segmented on the basis of applications into automotive, healthcare, building & retail, wearable electronics and consumer electronics. The global Bluetooth smart SoC market is bifurcated by regions into North America, Europe, Asia Pacific, Middle East & Africa and South America.

North America dominated the global Bluetooth smart SoC market with the increased adoption of Bluetooth smart and Bluetooth smart ready products. Whereas, Asia Pacific is expected to witness fastest growth in the market with the rising penetration of smartphones that support Bluetooth.

Bluegiga Technologies Oy, Nordic Semiconductor ASA, Qualcomm Inc., Dialog Semiconductor PLC, Broadcom Corporation, Texas Instruments Inc., Mediatek Inc., NXP Semiconductors, Cypress Semiconductor Corporation, CSR PLC, Marvell Technology Group, Ltd. Among others are some of the key markets players operating in the global Bluetooth smart SoC market.

Bluetooth Smart SoC Report Scope