Market Highlights
Global Bluetooth IC Market is expected to depict a significant market growth during the Forecast Period.
Bluetooth is a wireless communication protocol that enables electronic devices to communicate with one another. It is a protocol that allows electronic devices such as smartphones, loudspeakers, laptops, and automobiles to communicate with one another. Bluetooth provides developers with a powerful, secure, low-power, and low-cost wireless communication protocol. Bluetooth sensors collect and share data with apps installed on Bluetooth-enabled devices or in the cloud. The majority of Bluetooth-enabled devices support Bluetooth Low Energy (BLE) technology, which allows other devices to connect to them by installing appropriate drivers. In this way, the primary Bluetooth device serves as a hub, allowing data and orders to be sent to peripheral devices. The bluetooth ic market trends is being propelled forward by rising demand for mobility and growing demand for infotainment services. Low power consumption of Bluetooth low energy devices, as well as improved functionality, are major reasons propelling the Bluetooth IC market forward.
The Global Bluetooth IC Market has been segmented on the basis Of Type, Application, and Region.
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Regional Analysis
During the projected period of 2019 to 2025, the market for Bluetooth IC Market Trends is expected to develop significantly. The market for Bluetooth integrated circuits has been studied in North America, Europe, Asia-Pacific, the Middle East and Africa, and Central and South America. According to MRFR analysis, Asia-Pacific dominated the global market in 2018 and is anticipated to continue to do so during the forecast period. Individuals' demand for portable gadgets has prompted chip and module manufacturers to ramp up production of Bluetooth chips for use in consumer electronics and other industries. Furthermore, China and Taiwan have a large concentration of chip manufacturers, which is projected to drive the growth of the Bluetooth IC market in the Asia-Pacific region. On the other hand, the presence of significant semiconductor businesses in North America, such as Qualcomm Incorporated, Texas Instruments Incorporated, Silicon Laboratories, Inc., and Microchip Technology Inc., is predicted to boost the region's growth from 2019 to 2025.
Key Players
The Key Players in the Bluetooth IC market are identified across all the major regions based on their countries of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments Incorporated (US), Nordic Semiconductor (Norway), Dialog Semiconductor (UK), Cypress Semiconductor (US), Realtek Semiconductor Corp. (Taiwan), Asahi Kasei Microdevices Corporation (Japan), Renesas Electronics (Japan), STMicroelectronics (Netherlands), Toshiba Corporation (Japan), Qualcomm Incorporated (US), Silicon Laboratories, Inc. (US), Microchip Technology Inc. (US), NXP Semiconductors NV (Netherlands), Telink Semiconductor (China), and Murata Manufacturing Co., Ltd. (Japan). The companies are focused on innovating in their existing product portfolio as well as launching new products by investing in research and development to analyze the changing market trends.
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Bluetooth IC IndustryThe global Bluetooth IC market is expected to depict a significant market growth during the forecast period.Bluetooth is wireless communication standard, which allows electronic devices to connect and interact with each other.
It is a protocol that facilitates connectivity in a range of electronic devices such as smartphones, loudspeakers, laptops, and cars.
Bluetooth sensors collect and share data with applications stored directly on Bluetooth compatible devices or on the cloud.
Bluetooth 5 is the latest evolution in the Bluetooth technology providing maximum throughput, high speed and bandwidth, low energy consumption, and significant mesh range in a network when compared to other Bluetooth technology segments.
Thus, the segment is expected to witness the fastest growth during the forecast period 2019–2025.Based on application, the global Bluetooth IC market has been segmented into smart homes, beacons, audio devices, health & fitness, human interface devices (HID), remote controls, automotive, industrial, and others.
Advancements in automation and proliferation of portable electronic devices have accelerated the adoption of Bluetooth ICs for several applications.
Bluetooth IC IndustryMarket Research Future (MRFR) announces the publication of its half-cooked research report — global Bluetooth IC market 2019–2025.According to Market Research Future, the global Bluetooth IC market has been segmented on the basis of type, application, and region.By type, the global Bluetooth IC market has been segmented into Bluetooth 4.0, Bluetooth 4.2, Bluetooth 5, and others.
With advances in Bluetooth 4.0 to achieve Bluetooth 4.1, 4.2, and Bluetooth 5, there have been significant changes in the data transfer speeds, power consumption, costs, and efficiency of Bluetooth ICs.
Bluetooth 5 is the latest evolution in the Bluetooth technology providing maximum throughput, high speed and bandwidth, low energy consumption, and significant mesh range in a network when compared to other Bluetooth technology segments.
Thus, the segment is expected to witness the fastest growth during the forecast period 2019–2025.Based on application, the global Bluetooth IC market has been segmented into smart homes, beacons, audio devices, health & fitness, human interface devices (HID), remote controls, automotive, industrial, and others.
Among the above-mentioned segments, the market for smart homes dominated the global market in 2018 and is estimated to maintain its dominance during the forecast period.
Among these regions, the Asia-Pacific region dominated the global Bluetooth IC market in 2018 and is estimated to maintain its dominance during the forecast period 2019–2025.
