Bluetooth Low Energy Module Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Integrated Module, Discrete Solutions), By Topology (Central Device, Peripheral Device), By End-User (Consumer Electronics, Automotives, Healthcare, Manufacturing, Others), And By Geography - Forecasts From 2023 To 2028

Market Overview:

Bluetooth Low Energy is a low-power Bluetooth personal area network (PAN) technology designed for Internet-connected equipment and appliances. Bluetooth LE is appealing to producers of consumer gadgets and Internet-connected machines due to its low cost, long battery life, and ease of deployment. Bluetooth LE enables infrequent short-range wireless data exchange between devices, such as thermometers and heart rate monitors, as well as smartwatches and proximity sensors, and is powered by a dime-sized battery. One of the main drivers of the Bluetooth low-energy market's expansion is the increase in demand for mobile phones across the globe. Other significant drivers include the growth of the maker movement for Bluetooth low energy, the increase in demand for power, low-maintenance wireless sensing equipment, the advancements in the internet of things, and the increase in R&D activities in the industry.

Growth factors:

Big Data and the Internet of Things (IoT) are thriving in tandem complementing technology developments in high-end Bluetooth Low Energy (BLE) modules.

Big Data and the Internet of Things (IoT) are expanding rapidly as a result of technological breakthroughs across numerous industry sectors. Global data production is accelerating exponentially. According to the UN, 64.2 zettabytes of data was estimated to be created in 2020, a 314 percent increase from 2015. The data revolution, which includes the open data movement, the rise of crowdsourcing, new ICTs for data collection, and the explosion of big data availability, as well as the introduction of artificial intelligence and the Internet of Things, is already reshaping society. Advances in computers and data science now allow for real-time processing and analysis of large amounts of data. These developments are included in high-end Bluetooth Low Energy (BLE) modules as well, which is propelling the market for BLE modules at a rapid rate. For instance, With the introduction of the PAN1782, Panasonic Industry Europe has expanded its selection of Bluetooth® LE modules in September 2022. This module is aimed at low-cost but high-performance applications such as professional lighting, asset tracking, smart homes, advanced wearables, and higher-value IoT applications.

The healthcare segment's share will grow significantly due to the adoption of health monitoring gadgets.

We can now deploy powerful technology in nearly any place we choose by fusing the extraordinary miniaturization made possible by semiconductor manufacturing with developments in related sectors, such as improved materials and batteries. Now that formerly wired medical equipment may be made portable or even wearable, new application applications are possible. The network effect that the Internet of Things (IoT) brings to healthcare opens up new possibilities for care in the home environment and develops whole new uses for diagnostic and monitoring equipment in healthcare institutions. Medical weight scales, heart rate monitors, and blood pressure monitors are a few examples of monitoring equipment that can check the health and notify patients, families, and carers of changes in vital signs or missing medicine. Bluetooth low energy's low power, dependability, and ease of use make it ideal for connecting several monitoring devices to a local hub (like a smartphone), which uses longer-range communications technologies to deliver data securely over the internet for carer analysis. Some Bluetooth low-energy hardware, such as the world's smallest Bluetooth Low Energy module with proprietary SASPTM technology created by Toshiba Corporation in January 2021, is designed for ease of use. Bluetooth® provides wireless connectivity between items over short distances. It has made significant contributions to the current broad appeal of wearable gadgets, including smartwatches and devices worn on or in the ear. Health monitoring and exercise analysis are driving a fast-growing wearable device market centered on smartwatches and ear-worn devices that use Bluetooth low-energy modules.

Key Developments:  

• June 2022: Infineon Technologies AG expanded its AIROC Bluetooth Portfolio with the AIROCTM CYW20820 Bluetooth & Bluetooth LE (low energy) system on chip (SoC). The AIROC CYW20820 Bluetooth and Bluetooth LE SoC is a Bluetooth 5.2 core spec-compliant chip designed specifically for IoT applications. It is intended to serve a wide range of home automation and sensor use cases, including medical, home, security, and industrial, as well as lighting, Bluetooth Mesh, or any IoT application that requires Bluetooth LE or dual mode Bluetooth communication.
• June 2022: The SmartBond DA1470x Family of Bluetooth low energy (LE) solutions was introduced by Renesas Electronics as the most sophisticated, integrated System-on-Chip (SoC) family for wireless communication in the world. The new Renesas SmartBond DA1470x family has a small form factor with integrated applications and 2D graphics processors, as well as a voice activity detector and power management, allowing for the development of highly compact linked product designs.
• July 2019: In an Asset Purchase Agreement, u-blox, a global provider of leading location and wireless communication technologies, announced the acquisition of Rigado's Bluetooth modules business. With this acquisition, u-blox will be able to expand its product line in the areas of Bluetooth low energy, Zigbee, and Thread, as well as gain access to new market segments and channels.

Covid-19 Impact on the Bluetooth Low Energy Module Market

The COVID-19 pandemic triggered a global health crisis unlike any other, and it continues to have an impact on all parts of our work and lifestyles. Overall, previously anticipated growth in the BLE module's yearly device shipments has effectively been pushed back one year. Warehouse closures, plant shutdowns, and global shipping delays hampered the availability of device supplies in other markets. Consumer spending has slowed to a trickle as the smartphone, tablet, and PC markets have matured. Despite the difficulties, several BLE module markets found an opportunity to thrive. Bluetooth PC accessories have grown in popularity as a result of the global movement to working from home. Furthermore, since individuals spend more time at home, there is a higher demand for BLE module home automation solutions that make our lives more easy, safe, and more connected.

Bluetooth Low Energy Module Market Scope:

Segmentation:

• By technology
  • Integrated Module
  • Discrete Solutions
• By topology
  • Central Device
  • Peripheral Device
• By end-user
  • Consumer electronics
  • Automotives
  • Healthcare
  • Manufacturing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others