Top 3 Regions Generating The Major Revenue in Bluetooth Smart Market till 2021

BENGALURU, India - Nov. 8, 2016 - PRLog -- A recently released report at Beige Market Intelligence on "Strategic Assessment of Worldwide Bluetooth Smart Market and forecast till 2021" has outlined the key regions which are going to play a major role in the Bluetooth Smart Market till the year 2021.

Bluetooth is a standard for exchanging data over short range distances from fixed & mobile devices, and building personal area networks. The Bluetooth technology was invented by Swedish digital communications firm Ericsson in 1994. The Bluetooth technology was initially developed as a wireless alternative to data cables. Bluetooth technology was designed as an open standard to allow connectivity and collaboration between industries and disparate products.

APAC to contribute to more than 50 percent of the revenue in the Bluetooth Smart Market in 2021

According to the report the Bluetooth smart market in APAC region is going to witness a huge growth and is expected to be in the dominant position as a key region for Bluetooth consumption market. The demand for Bluetooth smart modules in the APAC region is driven by the rapid growth of organized retail in the region.

North America is expected to gain prominence as the second largest consumption market for Bluetooth Smart market in 2021

The Bluetooth Smart Market in North America is forecasted to grow to approx. US$619.99 million by 2021. The two most important factors driving the North American market are consumer awareness and adoption.

Bluetooth Smart Market in Europe and MEA

Europe is the world's biggest wireless market and considered as the breeding ground for the future of wireless technology. With most major players' presence in this region, advanced levels of wireless penetration, internet penetration and income distribution within this region. These factors are driving the growth of Bluetooth Smart market.

The Bluetooth Smart market witnessed relatively slower growth in MEA compared to Europe as many parts of the Middle East and Africa (MEA) suffered setbacks in the past year as escalating violence, political instability, civil unrest and medical crises afflicted the region. The major factors driving the Bluetooth smart market growth are increasing mobile phone user penetration in this region.

Key Vendors in the Bluetooth Smart Market

The Bluetooth Smart market has several large players that are playing a pivotal role in the market. These companies are Broadcom, Cambridge Silicon Radio (CSR plc), Dialog Semiconductor, Nordic Semiconductor ASA, Silicon Labs and Texas Instruments (TI).

Other vendors operating in the market include Apple, Bluegiga Technologies , Blueradios, Cypress Semiconductor Corporation, Lapis Semiconductor, Marvell Technology Group, Ltd, Mediatek, Inc, Microchip Technology, Murata, NXP Semiconductors, STMicroelectronics and Toshiba.

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