According to a new market report published by Lucintel, the future of the global bluetooth low energy IC market looks attractive with opportunities in the consumer electronics, smart home, and healthcare industries. The global bluetooth low energy IC market is expected to decline in 2020 due to global economic recession led by COVID -19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.3 billion by 2025 with a CAGR of 20% to 22% from 2020 to 2025. The major drivers for this market are increasing number of wireless devices and growth of smart home market.
Browse 48 market data tables and 64 figures spread through 120 pages and in-depth TOC on “Bluetooth Low Energy IC Market"
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In this market, bluetooth 4.0, bluetooth 4.x, and bluetooth 5.x are the three types of bluetooth IC technologies used in various applications. Lucintel forecasts that bluetooth 4.0 will remain the largest technology over the forecast period due to its low cost.
Within bluetooth low energy IC market, consumer electronics will remain the largest end use industry over the forecast period due to growth of wireless connectivity devices.
Asia-Pacific will remain the largest region in the bluetooth low energy IC market and it is expected to witness the highest growth over the forecast period due to growth in consumer electronics market.
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of smart wireless connectivity devices and energy-efficient technology for IoT devices. Nordic Semiconductor, Dialog Semiconductor, Texas Instruments, Qualcomm, Infineon, STMicroelectronics, NXP Semiconductors, Renesas, Silicon Labs, and Toshiba are among the major suppliers bluetooth low energy IC.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global bluetooth low energy IC market by technology, by end use industry and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Bluetooth Low Energy IC Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global bluetooth low energy IC market by technology, by end use industry, and the region as follows:
By Technology [$M shipment analysis from 2014 to 2025]:
Bluetooth 4.0
Bluetooth 4.x
Bluetooth 5.x
By End Use Industry [$M shipment analysis from 2014 to 2025]:
Consumer Electronics
Smart Home
Healthcare
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Asia Pacific
The Rest of the World
This 120-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bluetooth-low-energy-ic-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.