From Xcode 7 it became one of the common problem that third party frameworks should support Bitcode. We can also disable the BITCODE by setting ENABLE_BITCODE to NO in Build
I have observed that __bitcode section is only present for static Libs and not for dynamic libs. So, one solution is the below command.
otool -l libDeviceManager.a | grep __LLVM
Also, sometimes with fat binaries otool may not give __LLVM segments even though they are present. You can use the following command for those cases
otool -arch armv7 -l libDeviceManager.framework/libDeviceManager | grep __LLVM