Bluetooth Low Energy Market Surges, Anticipating a Striking 12.5% CAGR and a Projected US$ 31,015.5 Million by 2033

Bluetooth Low Energy Market

The global bluetooth low energy market is projected to exceed US$ 9,523.0 million in 2023, with a predicted growth rate of 12.5% from 2023 to 2033, reaching an estimated US$ 31,015.5 million by 2033. In the period from 2018 to 2022, the market saw a consistent annual growth rate of 10.4%.

The growth in this sector can be attributed to the rising demand for devices that offer extended battery life and consume minimal power. These devices are mainly used for short-range data streaming, and they cater to the Internet of Things (IoT) enabled machines, which are prevalent in the consumer electronics and automotive industries. These machines typically require occasional and low-volume data transfers.

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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.

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: 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 Players in the Global Market:

  • Intel Corporation
  • Lenovo Group Ltd.
  • Microsoft Corp.
  • Motorola Solutions Inc.
  • Nokia Corp.
  • Toshiba Corp.
  • IBM Corp.
  • Ericsson 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.
  • Ellisys S.A.

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Bluetooth Low Energy Industry Segmentation:

By Technology:

  • Bluetooth Low Energy Integrated Module
  • Bluetooth Low Energy Discrete Solutions

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

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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