Bluetooth Low Energy Market - Forecast(2021 - 2026)

 

Bluetooth Low Energy Market Overview

The global Bluetooth Low Energy Market is estimated to surpass $16.7 billion mark by 2026 growing at an estimated CAGR of more than 19.68% during the forecast period 2021 to 2026. Bluetooth Low Energy Market (BLE) has been lately introduced as an integral part of Bluetooth V4.0. The speciality of BLE protocol lies in its consumption of minimal amount of power from the device in which it is integrated. Asset tracking and Proximity Marketing are exclusive applications of BLE that were made feasible by the low energy consumption of BLE modules and chipsets. Asset Tracking refers to the location-based tracking of personal equipment by attaching smart tags to them. The smart tags in the current asset tracking market are based on BLE protocol that has the ability to locate the misplaced personal equipment and its utilization.


Report Coverage

The report: “Bluetooth Low Energy Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the BLE Market.
By Product Type : Module, Chipset.
By Mode : Single Mode, Dual Mode.
By Applications : Automotive Tracking, Asset Tracking and Proximity Marketing, Industrial Automation, Consumer Electronics, Wearable Electronics and Others.
By Geography : North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).


Key Takeaways

  • A significant share of the market currently lies in the automotive aftermarket but with Bluetooth Low Energy receiving a wide support facilitated by its features, the original equipment manufacturers (OEM’s) in the automotive industry are integrating the audio and multimedia systems in the automobiles, expected to surge Bluetooth Low Energy market in the OEM automobile domain.
  • The dual mode shares the protocol stacks of both Bluetooth Classic and Bluetooth Low Energy, thus making it the most sought out option for replacing the conventional Bluetooth Classic chips or modules. 
  • Low energy consumption, low latency, quick connection set-up speed and robust network connection has made Bluetooth Low Energy the obvious choice for supporting the wearable electronic devices wireless connectivity infrastructure.
  • Once the Bluetooth Low Energy-based product or module is fabricated, they are sent further for certification process followed by distribution across the regional or global customer base.


Bluetooth Low Energy Market Segment Analysis - By Product Type

Bluetooth Low Energy hardware is offered via two solutions: chipsets or modules. Bluetooth Low Energy chipsets are integrated circuits that incorporate a microprocessor along with protocol stacks while Bluetooth Low Energy module is an assembled circuit consisting of Bluetooth Low Energy chipset and radio module along with other electronic components.  The manufacturer can offer both the hardware solutions depending upon the production volume. Generally, if the production volume ranges less than 100,000 units; modules are preferred while for production volumes above 100,000 units; Bluetooth Low Energy chipsets are manufactured. The module integrates RF, a baseband controller, and a command API processor, making it as a complete Bluetooth Low Energy solution which suitable for various applications. But with every emerging solution using Bluetooth Low Energy technology, there is also a necessity for installing applications (apps) pertaining to each solution, thus creating a huge scope for the growth of market.


Bluetooth Low Energy Market Segment Analysis - By Application

The automotive industry is an eminent end-user for Bluetooth Low Energy market deploying the technology predominantly in its wireless multimedia receivers and audio systems. A significant share of the market currently lies in the automotive aftermarket but with Bluetooth Low Energy receiving a wide support facilitated by its features, the original equipment manufacturers (OEM’s) in the automotive industry are integrating the audio and multimedia systems in the automobiles, expected to surge Bluetooth Low Energy market in the OEM automobile domain. The Industrial Automation is also a notable sector for wireless connectivity market. In the current scenario ZigBee and Wi-Fi are the most dominant wireless protocols embedded inside industrial automation devices followed by Bluetooth. The sensors and industrial hubs are common devices that are being integrated with wireless radio modules in the industrial automation.

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