What Has Been the Growth of the Bluetooth Low Energy (BLE) Technology Market So Far?
The bluetooth low energy (ble) technology market has seen considerable growth due to a variety of factors.
• The bluetooth low energy (BLE) technology market has seen steady growth in recent years. It is projected to grow from $9.58 billion in 2024 to $10.03 billion in 2025 at a CAGR of 4.8%.
This growth is attributed to the increasing demand for connected and IoT devices, greater adoption of wearable technology, expanded use in healthcare and fitness, and a growing need for low-power wireless solutions.
What Is the Forecasted Market Size and Growth Rate for The Bluetooth Low Energy (BLE) Technology Market Size In The Coming Years?
The bluetooth low energy (ble) technology market is expected to maintain its strong growth trajectory in upcoming years.
• The bluetooth low energy (BLE) technology market is projected to grow steadily, reaching $11.96 billion by 2029 at a CAGR of 4.5%.
Growth factors include integration with smart home devices, Bluetooth mesh technology development, demand for location-based services, and asset tracking. Trends include BLE adoption in IoT devices, integration into automotive systems, compatibility with 5G technology, expansion into smart home tech, and advancements in BLE SoC technology.
What Factors Are Driving Growth In The Bluetooth Low Energy (BLE) Technology Market?
The adoption of smart home devices and IoT is expected to propel the Bluetooth low-energy (BLE) technology market. Smart home devices, which provide convenience, enhanced security, and energy efficiency, are increasingly reliant on Bluetooth low energy technology for cost-effective, low-power wireless communication. Ericsson projected that the number of IoT-connected devices would increase to 34.7 billion by 2028, driving the demand for BLE technology.
What Are The Main Segments Of The Global Bluetooth Low Energy (BLE) Technology Market?
The bluetooth low energy (BLE) technology market covered in this report is segmented –
1) By Offering: Module, Chipset
2) By Mode: Single Mode, Dual Mode, Classic
3) By End User: Healthcare, Sports And Fitness, Home Appliances, Automotive, Consumer Electronics, Industrial Automation, Wearable Electronics, Gaming
Subsegments:
1) By Module: Single-Mode BLE Module, Dual-Mode BLE Module, Multi-Mode BLE Module, System-In-Package (SiP) Modules
2) By Chipset: BLE Transceiver Chipsets, BLE SoC (System On Chip) Chipsets, BLE Processor Chipsets, BLE Application-Specific Integrated Circuits (ASICs)
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What Trends Are Reshaping The Future Of The Bluetooth Low Energy (BLE) Technology Market?
Companies in the Bluetooth low energy (BLE) technology market are focused on developing advanced System-on-Chip (SoC) solutions for improved connectivity and lower power consumption. For example, in June 2022, Renesas Electronics Corporation, a Japan-based semiconductor manufacturer, introduced the Smart Bond DA1470x Family, a BLE SoC ideal for wearables and IoT applications due to its integration of power management, voice detection, and Bluetooth connectivity in a single chip.
Who Are the Key Players In The Bluetooth Low Energy (BLE) Technology Market?
Major companies operating in the bluetooth low energy (BLE) technology market are:
• Amazon Inc.
• Apple Inc.
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Huawei Technologies Co. Ltd.
• Sony Group Corporation
• Intel Corporation
• Qualcomm Incorporated
• Xiaomi Corporation
• Broadcom Inc.
• Texas Instruments Incorporated
• Koninklijke Philips N.V.
• STMicroelectronics N.V.
• NXP Semiconductors N.V.
• Microchip Technology Incorporated
• Logitech International S.A
• Garmin Ltd.
• Cypress Semiconductor Corporation
• Razer Inc.
• Jabra
• Quectel Wireless Solutions Co. Ltd.
• Fitbit Inc.
• Nordic Semiconductor ASA
• Sierra Wireless Inc.
• Sennheiser electronic GmbH & Co. KG
• Telit Communications PLC
What Is The Most Dominant Region In The Bluetooth Low Energy (BLE) Technology Market?
North America was the largest region in the bluetooth low energy (BLE) technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bluetooth low energy (BLE) technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
