Bluetooth Low Energy Market to Record an Exponential CAGR by 2027

Technology

Bluetooth Low EnergyMarket: Introduction – Bluetooth low energy module is a superior and enhanced version of existing standard bluetooth technology. Bluetooth low energy module is an open protocol which is most commonly used for short-range wireless communication between devices. Bluetooth low energy module mainly focuses on several factors such as low energy, small size, and battery operated sensor type application Moreover, bluetooth low energy modules are designed for the small amount of data instead of periodic data streaming. Bluetooth low energy module is especially composed to address increasing need of advanced wireless applications such as fast connectivity of devices, ultra-low power consumption, reliability, and security. Moreover, bluetooth low energy modules are also adopted for home automation and automotive sector.

Bluetooth Low Energy: Drivers and Challenges – The major factor driving the market growth of bluetooth low energy module will be the surge in usage of the internet of things (IoT). The concept of the internet of things is rapidly growing in enterprises, aiming to interconnect each and every unconnected thing including persons and machine to cast interconnecting networks such as machine-to-machine (M2M), people-to-people (P2P) and machine-to-people (M2P) using wireless sensors network. Some of the major players like Nordic Semiconductors and Cambridge silicon radio are offering development kit for establishing wireless application instantly without any finesse of radio frequency connectivity.  Moreover, bluetooth low energy modules are likely to boost significant traction owing to rising demand for consumer electronics. The major challenges faced by Bluetooth low energy market is low data streaming capacity of low energy bluetooth modules.

Bluetooth Low Energy Market: Segmentation – Segmentation on the basis of technology: Integrated Module, Discrete Solutions; Segmentation on the basis of Application: Consumer Electronics, Sports and Fitness, Automotive, Healthcare, Industry Automation, Sensing, Medical

Bluetooth Low Energy Market: Key players – Some of the key players of bluetooth low energy market are: Intel Corporation, Lenovo Group Ltd., Microsoft Corp., Motorola Solutions Inc., Nokia Corp., Toshiba Corp., IBM Corp., Ericson technology Licensing AB, Panasonic Corp., Bluegiga Technologies, Nordic Semiconductors, Koninklijke Philips NV, Cambridge Silicon Radio, Texas Instruments, Samsung Electronics Co. Ltd., MyLand Limited, Qualcomm Inc., Nike Inc., LG Corp and Ellisys S.A.

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About Ankush 18109 Articles
Ankush Nikam is a market research writer, and he covers research-oriented topics for B2B audiences. Ankush has covered a range of B2B topics, including but not limited to, automotive, industrial goods, food & beverage, and ICT. He has collaborated with industry-experts and thought leaders to bring interesting insights to the fore

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