The global Bluetooth low energy market is anticipated to be valued at US$ 8,587.0 Million in 2022, with a CAGR of 13.3% from 2022 to 2032. The market is expected to grow US$ 30,050.0 million by 2032.
Bluetooth low energy module is a popular and enhanced version of existing Bluetooth invention. Bluetooth low energy module is an open standard that is commonly used for short-range remote communication between devices.
Bluetooth low energy module is primarily concerned with a few factors such as low energy, small size, and battery operated sensor type application. Furthermore, bluetooth low energy modules are designed for a fixed amount of data rather than intermittent data streaming.
Bluetooth low energy module is particularly created to address expanding need of cutting edge remote applications like quick network of gadgets, super low power utilization, dependability, and security. Besides, bluetooth low energy modules are additionally embraced for home mechanization and car area.
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Bluetooth Low Energy: Drivers and Challenges
The major factor driving the market growth of bluetooth low energy module will be the surge in usage of the internet of things (IoT). The concept of the internet of things is rapidly growing in enterprises, aiming to interconnect each and every unconnected thing including persons and machine to cast interconnecting networks such as machine-to-machine (M2M), people-to-people (P2P) and machine-to-people (M2P) using wireless sensors network.
Some of the major players like Nordic Semiconductors and Cambridge silicon radio are offering development kit for establishing wireless application instantly without any finesse of radio frequency connectivity. Moreover, bluetooth low energy modules are likely to boost significant traction owing to rising demand for consumer electronics
The major challenges faced by Bluetooth low energy market is low data streaming capacity of low energy bluetooth modules.
Bluetooth Low Energy Market: Key players
Some of the key players of bluetooth low energy market are: Intel Corporation, Lenovo Group Ltd., Microsoft Corp., Motorola Solutions Inc., Nokia Corp., Toshiba Corp., IBM Corp., Ericson technology Licensing AB, Panasonic Corp., Bluegiga Technologies, Nordic Semiconductors, Koninklijke Philips NV, Cambridge Silicon Radio, Texas Instruments, Samsung Electronics Co. Ltd., MyLand Limited, Qualcomm Inc., Nike Inc., LG Corp and Ellisys S.A.
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Bluetooth Low Energy Market: Regional Overview
Presently, North America and European region are holding largest market share of bluetooth low energy market owing to rise in urbanization and high adoption of consumer electronics devices.
In Asia pacific region, bluetooth low energy market is witnessing positive growth owing to rapid industrialization and heavy demand for Bluetooth enable devices.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Key Segments Profiled in the Bluetooth Low Energy Industry Survey
Bluetooth Low Energy Market by Technology:
- Bluetooth Low Energy Integrated Module
- Bluetooth Low Energy Discrete Solutions
Bluetooth Low Energy Market by Application:
- Bluetooth Low Energy for Consumer Electronics
- Bluetooth Low Energy for Sports and Fitness
- Bluetooth Low Energy for Automotive
- Bluetooth Low Energy for Healthcare
- Bluetooth Low Energy for Industry Automation
- Bluetooth Low Energy for Sensing
- Bluetooth Low Energy for Medical Applications
Bluetooth Low Energy Market by Region:
- North America Bluetooth Low Energy Market
- Latin America Bluetooth Low Energy Market
- Europe Bluetooth Low Energy Market
- Asia Pacific Bluetooth Low Energy Market
- Middle East and Africa Bluetooth Low Energy Market
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