Global Bluetooth Low Energy IC
Market Report
2024
The Global Bluetooth Low Energy IC market size is USD 1548.9 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 25.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Bluetooth Low Energy IC market size is USD 1548.9 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 25.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Bluetooth Low Energy IC Market Sales Revenue 2023 | $ 1548.9 Million |
Global Bluetooth Low Energy IC Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 25.9% |
Market Split by Product Types |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Bluetooth Low Energy IC Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rising popularity of wearable devices, growth of IoT devices across various industries, propelling demand for BLE technology in the healthcare sector, increasing use in smart home devices, increased use of beacons in retail, transportation and hospitality, higher demand for energy-efficient devices in remote applications, and rising adoption of BLE technology in emerging markets with the use of wireless connectivity and IoT solutions.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Bluetooth Low Energy IC industry.
(Source:www.qualcomm.com/news/releases/2022/04/qualcomm-completes-acquisition-arriver-business-ssw-partners)
A significant market driver for Bluetooth Low Energy IC has been the increased adoption of BLE technology in smart home devices. It provides energy-efficient connectivity and enables prolonged battery life for devices like smart locks, thermostats, and sensors. The compatibility of BLE technology with smartphones allows for seamless control and monitoring of these devices remotely.
Additionally, BLE's ability to support mesh networking facilitates the creation of robust and interconnected smart home ecosystems, improving overall user experience. With the growing demand for home automation and the Internet of Things (IoT) expansion, BLE technology has become integral to enhancing the functionality and convenience of smart homes, propelling the market for BLE ICs forward.
The constraints of security concerns constrain the Bluetooth Low Energy IC market. The concerns about security vulnerabilities in BLE devices have raised doubts among users and enterprises, impacting adoption. The interoperability issues persist as different manufacturers implement BLE technology with varying levels of compatibility, hindering seamless device communication. Power consumption also remains a challenge of the market growth. Additionally, regulatory hurdles and certification requirements can delay product launches and increase costs. Lastly, the ongoing global semiconductor supply chain disruptions have led to shortages and increased prices, affecting the overall growth of the BLE IC market.
The decreased consumer spending, lockdowns and supply chain disruptions were caused during the pandemic. However, the pandemic also accelerated the adoption of IoT devices and remote technologies, leading to increased demand for BLE ICs in applications like healthcare, smart home devices, and wearables. This shift towards connectivity and automation partially mitigated the adverse effects, resulting in a mixed market performance. As the world adapts to the new normal, the BLE IC market is expected to rebound and continue its growth trajectory driven by the expanding IoT ecosystem.
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The market for Bluetooth Low Energy IC has an extremely competitive environment. The companies are focusing on technological advancements and power efficiency to meet the growing demand for BLE-enabled devices across industries like healthcare, automotive, and consumer electronics. The market's activeness and evolving standards ensure ongoing competition and innovation.
(Source:newsroom.st.com/media-center/press-item.html/n4290.html)
Top Companies Market Share in Bluetooth Low Energy IC Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 40% of the global market due to technological advancements and innovation. The North American region dominates the market for Bluetooth Low Energy IC. Due to the rise in the consumer electronics industry, widespread adoption of IoT devices, government initiatives and a developing healthcare sector, the market is exploring growth. The region's strong economic position and tech-savvy population have driven the demand for BLE ICs across various applications, positioning North America as a pivotal contributor to the global market's success. Furthermore, the United States is anticipated to hold a strong position in the North American area due to its technological infrastructure. Additionally, the United States benefits from a strong consumer demand for smart devices, wearables, and IoT solutions, which drives the adoption of Bluetooth low-energy ICs. Furthermore, government initiatives and regulations promoting IoT and wireless connectivity encourage market expansion. The United States remains a vital hub for innovation and market growth within the global Bluetooth Low Energy IC industry.
Europe's rising demand for wearable devices, strict regulations on energy efficiency and significant presence of multinational firms create a considerable demand for Bluetooth Low Energy IC, which promotes global trade and business growth. Additionally, advancements in automotive connectivity and healthcare applications have fueled market expansion. Collaborations among key players, research institutions, and European start-ups continue to drive innovation in BLE technology. With a focus on sustainability and connectivity, the European BLE IC market is poised for sustained growth in the coming years.
The current report Scope analyzes Bluetooth Low Energy IC Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Bluetooth Low Energy IC Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bluetooth Low Energy IC Industry growth. Bluetooth Low Energy IC market has been segmented with the help of its Product Types, End Use , and others. Bluetooth Low Energy IC market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Bluetooth 4.0 is the most extensively used product in the Bluetooth Low-Energy IC market. It is also known as Bluetooth low energy and is used as wireless communication technology. It was designed to consume minimal power, making it ideal for low-power devices like fitness trackers, smartwatches, and IoT sensors. Bluetooth 4.0 introduced basic data transfer capabilities, enabling devices to exchange small amounts of data efficiently. This version paved the way for the widespread adoption of BLE in various applications.
The bluetooth low energy IC for bluetooth 5.x is the latest and most advanced version of the technology. It provides a substantial increase in speed and ranges of data transfer. It also provides improved security. It's designed to handle more complex IoT applications, making it suitable for smart homes, industrial automation, and healthcare devices. Bluetooth 5. x also introduces enhanced support for beacon technology, enabling precise location-based services.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Bluetooth Low Energy IC Industry. Request a Free Sample PDF!
According to Cognitive Market Research, healthcare is the most dominating Bluetooth Low-Energy IC application. BLE technology is extensively used in medical devices and wearable health monitors. These devices allow for real-time monitoring of patient's signs, such as heart rate, blood pressure, and glucose levels. Additionally, BLE-enabled devices can transmit this data to healthcare professionals, improving patient care and enabling remote monitoring.
Beacons is the second-most important application. Retailers use BLE beacons to send location-specific advertisements and promotions to customers' smartphones when they enter a store. In hospitality and tourism, beacons enhance visitor experiences by providing information, guided tours, and personalized recommendations based on location within a venue or tourist attraction. The growing demand for location-based services and proximity marketing has fueled the use of BLE beacons, boosting the BLE IC market.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bluetooth Low Energy IC Market is witnessing significant growth in the near future.
In 2023, the Bluetooth 4.0 segment accounted for noticeable share of global Bluetooth Low Energy IC Market and is projected to experience significant growth in the near future.
The Healthcare segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Nordic , Dialog and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Cognitive Market Research noticed that the BLE IC market is growing as manufacturers and consumers prioritize energy efficiency without compromising connectivity. The proliferation of smart home devices, wearable technology, and healthcare monitoring systems has heightened the demand for BLE ICs, further fueled by the increasing reliance on IoT ecosystems.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Product Types | Bluetooth 4.0, Bluetooth 4. x, Bluetooth 5. x |
End Use | Healthcare, Beacons, Smart Home, Automotive, Others |
List of Competitors | Nordic, TI, Dialog, Cypress, Silabs, Microchip, Toshiba, STMicroelectronics, NXP, Realtek, AKM, Renesas, Telink, LAPIS Semiconductor |
This chapter will help you gain GLOBAL Market Analysis of Bluetooth Low Energy IC. Further deep in this chapter, you will be able to review Global Bluetooth Low Energy IC Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Types Analysis 2019 -2031, will provide market size split by Product Types. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Types Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bluetooth Low Energy IC market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bluetooth 4.0 have a significant impact on Bluetooth Low Energy IC market? |
What are the key factors affecting the Bluetooth 4.0 and Bluetooth 4. x of Bluetooth Low Energy IC Market? |
What is the CAGR/Growth Rate of Healthcare during the forecast period? |
By type, which segment accounted for largest share of the global Bluetooth Low Energy IC Market? |
Which region is expected to dominate the global Bluetooth Low Energy IC Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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