Global Bluetooth Low Energy IC market will reach 1617.77 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/25

The Bluetooth Low Energy IC industry was 394.27 million USD in 2018 and is projected to reach USD 1617.77 million USD by 2025, at a CAGR of 22.35% between 2018 and 2025. Top three players occupy for over 54.09% market share in 2018.

The market for Bluetooth Low Energy IC is concentrated with players such as Nordic, TI, Dialog, Qualcomm (CSR), Cypress, Silabs, Microchip, Toshiba, STMicroelectronics, NXP, Realtek, AKM, Renesas, Telink the global leading suppliers.

Ongoing improvements with Bluetooth Low Energy (BLE) combined with low cost chips and a large and growing developer community have made BLE a leading Internet of Things (IoT) technology. Billions of BLE enabled smartphones has created a massively scaled ecosystem for IoT developers. BLE is driving markets such as health and fitness wearable sensors where low power and 1 MB/s throughput is required. The expanded network range, throughput and capacity with Bluetooth 5 as well as the completion of the Bluetooth mesh specification has also made BLE a disruptor for fixed sensor networks.

China is the world’s second largest economy and Asia’s biggest market for BLE technology. It has made fast advances in areas such as education, infrastructure, high-tech manufacturing, academic publishing, patents and commercial applications. It is now, in some areas and by some measures, a world leader. China manufactures more than half of the world’s electronic goods and thus provides the largest potential for adoption of the BLE technology.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

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