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. The APAC Bluetooth Low Energy is valued US$ 1,373.7 million in the year 2017 and is anticipated to grow with a CAGR of 23.18% from the year 2018 to 2025.
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.
Segmentation by application and analysis of the Bluetooth Low Energy Module market
The various end users assessed includes health care, sports and fitness, electronic devices, automotive, asset tracking and proximity marketing, consumer electronics, industrial automation, wearable electronics. Bluetooth Low Energy market application in health care is improving by monitoring the patients’ health by using different monitoring devices like heart rate monitors, glucose monitors and blood pressure monitors. These devices track the condition of the patient and alert the patient if there are any serious conditions and also alert the patient in case if the patient miss any medication.
APAC Bluetooth Low Energy Module Market: Key Players
Major Player operating in the 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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