The global Bluetooth module market is projected to grow at a CAGR of 6.34% during the forecast period of 2018 to 2024. Bluetooth modules now form an integral component of multiple consumer electronic devices. The demand for Bluetooth modules is projected to rise during the forecast period on account of increasing demand for consumer electronics around the world. Furthermore, the increasing penetration of Bluetooth technology in security is further projected to augment the demand for these modules in the coming years. However, the growing penetration of different wireless technologies will restrain the Bluetooth modules market during the forecasted period.

DRIVERS

• Increasing demand of smartphones and consumer electronics
• Budding usage of Bluetooth technology in commercial use and security.

OPPORTUNITIES

• Technological advancements and the rising penetration of Bluetooth 5.

INDUSTRY UPDATES

• In May 2019, Mouser Electronics now stocks and sells Panasonic’s latest PAN1762 Series RF ultra-low-power Bluetooth low energy module.
• In June 2019, Lantronix, Inc., will start sampling its xPic270 embedded IoT gateway and combWiFi/Bluetooth module at Embedded Technologies Exp& Conference.

The major players profiled in the Bluetooth module market include Laird, Silicon Labs,

Murata, STMicroelectronics, TaiyYuden, Panasonic, Hosiden, Texas Instruments, Fujitsu, Broadcom, Microchip Technology, and Cypress Semiconductor Corporation.

Segmentation

The Bluetooth Module market has been analyzed through the following segments:

By Type

• Classic
• Low-Energy

By End-User

• Consumer Electronics
• Automotive
• Communication and Technology
• Others

By Geography

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others