Bluetooth Low Energy Market is valued at USD 7791.0 Million in 2020 and is expected to reach USD 25563.7 Million by 2027 with a CAGR of 18.5% over the forecast period.
Global Bluetooth Low Energy Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising demand for low power consumption and increasing advancements in the field of bluetooth low energy are the major factors driving the growth of Global Bluetooth Low Energy Market.
Bluetooth low energy has been recently established as an integral part of Bluetooth V4.0. The Bluetooth Low Energy (BLE) technology delivers drop-in wireless connectivity and facilitates low energy utilization of the device throughout the communication. It is believed to be a superior as well as an augmented version of the current standard Bluetooth technology. The low power consumption capabilities are major advantages of the Bluetooth low energy. It is used to transfer files or documents to another device via wireless connectivity. Compared to classic Bluetooth, bluetooth low energy is expected to offer significantly lowered power consumption and cost while preserving a parallel communication range. As an open standard protocol, bluetooth low energy is usually used for short-range wireless communication among devices. The additional features of a bluetooth low energy consist of small size, battery-controlled sensor kind application and utilized for a small amount of data. Bluetooth Low Energy has a number of applications in home automation and building automation. It was first introduced by Nokia Corporation and the results were published in 2004.
Covid-19 has shown a positive impact on the growth of the bluetooth low energy market owing to its increased adoption for safe tracing. An android application has been developed for the Social Distancing Alert System (SDAS). The system is based on Bluetooth Low Energy (BLE) proximity detection technology, which uses the Received Signal Strength Indicator (RSSI) and Transmission Power (TxPower) of user's android handsets for the estimation of real-time social distancing status and to alert them. This application also provides other compelling features like past social distancing status tracking of the past 30 days, power-saving, and QR scanning to ignore specific people without an internet connection.
The regions covered in this Bluetooth Low Energy market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on a country level, the market of Bluetooth Low Energy is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Global Bluetooth Low Energy market reports cover prominent players like Nortech Systems, Inc., Tecomet, Inc., Celestica Inc., Heraeus Holding, Flextronics International Ltd., Integer Holdings Corporation, Plexus Corp., West Pharmaceutical Services, Inc., Sanmina Corporation, and others.
The global Bluetooth low energy market is segmented on the basis of product type, mode, application, end-users, and region & country level. Based on product type, the Bluetooth low energy market is classified as module and chipset. Based on mode, the market is categorized as single-mode, and dual-mode. Based on application, the Bluetooth low energy market is segmented into automotive tracking, asset tracking and proximity marketing, industrial automation, consumer electronics, wearable electronics, and others.
Presently, rising demand for low maintenance, powered wireless sensing kits coupled with the advancements on the internet of things is accounting for driving the growth in the bluetooth low energy market. Internet of Things (IoT) identifies a system in the physical world together with the help of implanted wireless sensors that can be linked to the internet through a wired or wireless connection. These sensors can create wireless connections throughout numerous possibilities involving RFID, Bluetooth, NFC, Bluetooth Low Energy (BLE), or Zigbee. According to EnOcean GmbH, recently 14 billion wireless sensor network devices in low power mode throughout the globe have trashed nearly 400 terawatt-hours of electricity. However, by 2020 with 50 million devices, the expenditure will increase by a factor of 3.5 to around 1,400 terawatt-hours.
Thus, bluetooth low energy assisted by its low power consumption ascribe has the greatest possibility for accessing the market deep, thus generating robust growth prospects in bluetooth low energy markets. In addition, advancements in the field of Bluetooth low energy are one of the key factors contributing to the growth of the market. Its major advantages are its low power consumption and its compatibility with a variety of operating systems. However, it can not be used for long-distance wireless communications, unlike cellular and wifi devices which may hamper the market growth. In spite of that, increasing adoption in various sectors may offer ample opportunities for the further growth of the global bluetooth low energy market.
Geographically, Asia Pacific is expected to witness the fastest growth in the global Bluetooth low energy market due to several factors including rising demand for low maintenance, and a surge in the use of IoT solutions. Increasing investments in Bluetooth low energy and the presence of various key players are also boosting the growth of the Bluetooth low energy market in this region. For example; Murata, a Japanese company had launched a Nordic-based Bluetooth low energy module, MBN52832. Additionally, Panasonic Corporation recently launched a new PAN 1760 series RF module for the improved wireless connectivity in IoT, medical and industrial applications.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 7791.0 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 25563.7 Million|
|Tables, Charts & Figures:||175|
|Bluetooth Low Energy Companies:||Nortech Systems, Inc., Tecomet, Inc., Celestica Inc., Heraeus Holding, Flextronics International Ltd., Integer Holdings Corporation, Plexus Corp., West Pharmaceutical Services, Inc., Sanmina Corporation, and others|
|Segments Covered||By Type, By Application, By Mode|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Middle East and Africa