Bluetooth Low Energy Market to expand at a 13.3% value CAGR by 2032

The market for Bluetooth low energy is predicted to be worth US$ 8,587.0 million in 2022 and US$ 30,050 million in 2032, growing at a CAGR of 13.3% throughout that time. The market had a value of US$ 7,827.38 million as of 2021 and was projected to expand by 9.7% year over year by 2022. The market saw a CAGR of 9.7% from 2016 to 2021.

Increased demand for short-range streaming devices, low power, high battery life gadgets, and Internet of Things (IoT) enabled machines, particularly in the consumer electronics and automotive sectors, is credited with driving growth.

There are several factors driving the growth of the BLE market, including:

1. The increasing adoption of IoT devices and the growing demand for connected devices are driving the need for low-power wireless communication technologies like BLE.
2. BLE’s low power consumption and small form factor make it ideal for use in small, battery-powered IoT devices, where longer battery life is a key requirement.
3. The rise of wearable devices, such as fitness trackers, smartwatches, and health monitoring devices, is also contributing to the growth of the BLE market.
4. The increasing popularity of smart homes and the growing demand for home automation systems are driving the adoption of BLE-enabled products, such as smart locks, lighting systems, and home security systems.
5. BLE’s compatibility with other Bluetooth standards, as well as its wide support from major technology companies, is contributing to its growth and adoption across various industries and applications.

As the market continues to grow, it is expected that BLE technology will become increasingly integrated into a wide range of IoT devices, wearable devices, and home automation systems, helping to drive further growth in the BLE market.

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The market for Bluetooth low energy is predicted to be worth US$ 8,587.0 million in 2022 and US$ 30,050 million in 2032, growing at a CAGR of 13.3% throughout that time. The market had a value of US$ 7,827.38 million as of 2021 and was projected to expand by 9.7% year over year by 2022. The market saw a CAGR of 9.7% from 2016 to 2021.

Increased demand for short-range streaming devices, low power, high battery life gadgets, and Internet of Things (IoT) enabled machines, particularly in the consumer electronics and automotive sectors, is credited with driving growth.

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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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends