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Bluetooth Low Energy Devices Market Competitor Analysis, Trends, Insights, Market Report 2024 - 2033
Bluetooth Low Energy Devices Market Size
As per the report, the bluetooth low energy devices market size has grown steadily in recent years. It will grow from $22.72 billion in 2023 to $23.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The bluetooth low energy devices market size is expected to see steady growth in the next few years. It will grow to $28.76 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
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Proliferation Of Smart Devices Fuels Growth In Bluetooth Low Energy (BLE) Devices Market
The proliferation of smart devices is expected to propel the growth of the bluetooth low-energy devices market going forward. Smart devices are internet-connected electronic gadgets that can collect, process, and transmit data, enabling automation, remote control, and enhanced functionality compared to traditional devices. Smart device adoption has surged due to their seamless integration into daily routines, catalyzing a shift towards connected lifestyles. Bluetooth low energy devices enable smart devices to achieve efficient wireless communication with minimal power consumption, enhancing connectivity and functionality in various applications such as wearables, home automation, and health monitoring. For instance, in 2022, according to Statistics Canada, an agency of the Government of Canada, the use of Internet-connected smart home devices continued to grow, and was up from 42% in 2020 to 47% in 2022, with smart speakers (30%) being the most popular device. Therefore, the proliferation of smart devices is driving the growth of the Bluetooth low-energy devices market.
Innovative Bluetooth Low Energy (BLE) Chipsets In Bluetooth Low Energy Devices
Major companies operating in the Bluetooth low energy devices market are developing innovative chipset products such as system-on-chip (SOC) solutions, to better serve customers with advanced features. A system-on-chip (SoC) is an integrated circuit that combines multiple electronic components and functionalities into a single chip and incorporates all the necessary components and functionalities required for bluetooth communication. For instance, in June 2022, Renesas Electronics Corporation, a Japan-based manufacturer of semiconductors, launched its new SmartBond DA1470x Family, a highly integrated system-on-chip (SoC) series for Bluetooth low energy (LE) solutions. It integrates a power management unit, hardware voice activity detector (VAD), Graphics Processing Unit (GPU), and Bluetooth LE connectivity into a single chip, enabling advanced sensor and graphical capabilities in IoT devices with ultra-low-power audio processing. These are ideal for wearables, consumer medical devices, home appliances, industrial automation, and Bluetooth consoles.
The bluetooth low energy devices market covered in this report is segmented -
1) By Product Type: Module, Chipset
2) By Mode: Single Mode, Dual Mode
3) By Application: Automotive, Consumer Electronics, Healthcare, Building And Retail, Other Applications
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Major companies operating in the bluetooth low energy devices market are Amazon Inc., Apple Inc., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group Ltd, Panasonic Corporation, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Toshiba Corporation, Texas Instruments Incorporated, Koninklijke Philips NV, MediaTek Inc., Tokyo Denki Kagaku Kōgyō Corporation, Infineon Technologies AG, Murata Manufacturing Co. Ltd, NXP Semiconductors N.V., Microchip Technology Incorporated, Cypress Semiconductor Corporation, Silicon Laboratories Inc, Nordic Semiconductor ASA , Espressif Systems, Atmosic Technologies, Telink Semiconductor
Contents of the report:
1. Executive Summary
2. Bluetooth Low Energy Devices Market Report Structure
3. Bluetooth Low Energy Devices Market Trends And Strategies
4. Bluetooth Low Energy Devices Market - Macro Economic Scenario
5. Bluetooth Low Energy Devices Market Size And Growth
…..
27. Bluetooth Low Energy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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