What is Bluetooth Smart SoC Market?
Bluetooth Smart SoC (System on Chip) is a fully integrated transceiver and a baseband processor. It gives them the freedom to develop Bluetooth applications without compromise. Connected infrastructure for electronic devices has formed as the adoption of Bluetooth and Bluetooth Smart activated gadgets and accessories has grown. The development of smart wireless sensors is a major factor moving the global Bluetooth smart system-on-chip (SoC) market forward. Additionally, because typical Bluetooth Smart Ready products are only supported by Bluetooth-activated devices, consumers would not incur any additional costs. The factors responsible for the increase in growth are low costs combined with low power requirements.
The market study is being classified by Type (Bluetooth Smart and Bluetooth Smart Ready), by Application (Automotive, Healthcare, Building & Retail, Wearable Electronics and Consumer Electronics) and major geographies with country level break-up.
MediaTek Inc. (Taiwan), Broadcom Inc (United States), Bluegiga Technologies Ltd. (Finland), Nordic Semiconductor (Norway), Dialog Semiconductor PLC (United Kingdom), Cypress Semiconductor Corporation (United States), Qualcomm Inc (United States), Texas Instruments Inc (United States), NXP Semiconductors N.V. (Netherlands) and Marvell Technology Group Ltd. (United Kingdom) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bluetooth Smart SoC market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bluetooth Smart SoC market by Type, Application and Region.
On the basis of geography, the market of Bluetooth Smart SoC has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Development of Smart Wireless Sensors
- Increasing Demand for Tablets, Smartphones, and Other Wearable Devices
Restraints
Opportunities
- Growth Potential in the Emerging market
- Low Cost coupled with the Low Power Requirement
Challenges
- Privacy and Security concerns regarding the Use of Bluetooth Technology
Market Leaders and some development strategies
In Jan 2020, Atmosic™ Technologies and Tonly Electronics Holdings Limited announced a partnership to develop a Bluetooth Low Energy (BLE) module, the TBMO2. The TBMO2 module will integrate Atmosic’s M2 system-on-chip (SoC), which is built with Atmosic’s groundbreaking Lowest Power Radio and On-Demand Wake Up technologies, to enable significantly longer battery life for IoT applications.
In Sept 2018, Toshiba Corporation and Toshiba Electronic Devices & Storage Corporation (“Toshiba Electronic Devices & Storage”) have developed a Bluetooth Version 5.0 compliant System-on-Chip that realizes the industry’s most compact and powerful module.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Damping Pads, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry