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Bluetooth 4.0 and 4+ series are the latest technologies that are specialized in low power consumption and fast and strong connectivity. Bluetooth 4.0’s updated version i.e. Wireless electronic accessories and appcessories are the recent trend in the global consumer electronic market. Bluetooth 4 series provides a user-friendly platform where consumers can experience a strong wireless accessibility.
The recent product trend in the global Bluetooth market includes Bluetooth Speakers enabled with Bluetooth 4+ series. Many of the key players including companies like JBL Incorporated and Sony Corporation have recently launched innovative products in the Bluetooth speaker market. World Bluetooth enabled devices market was valued around US$ 2.2 bn and US$ 3.5 bn in the year 2012 and 2015 respectively and it is estimated to grow around US$ 4.0bn by the end of 2016.
Bluetooth 4.0 market is driven by growing number of smartphones and Bluetooth enabled accessories around the world. Since, Bluetooth 4 series requires low power with technological advancement, it gain the popularity among the consumers worldwide. Global Bluetooth smartphones sale is anticipated to grow by around 30 percent during the next five to six forecast years.
Moreover increasing application in consumer electronics, healthcare and automobile are surging the growth of global Bluetooth 4.0 market. However, Bluetooth 4.0 still has low data streaming capacity which is a growth restraining factor in the global Bluetooth 4.0 market. Also, virtual wifi is a great competitor that can handle huge data with a strong connectivity, this is another factor that is playing as a demand growth restrain.
Some of the key players in the global Bluetooth 4.0 market are Cypress Semiconductor Corporation, Silicon Laboratories, Broadcom Corporation, Dialog Semiconductor PLC, CSR plc, Qualcomm Technologies, Inc., Dialog Semiconductor PLC, MediaTek Inc., Texas Instruments Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
