The BLE Module Market is being driven by Increasing adoption of BLE modules in healthcare applications
The BLE Module Market is expected to grow at a CAGR of 19.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 52964.1 million. Bluetooth 5.0 and subsequent versions offer significant advancements over earlier versions, providing enhanced data transfer rates that are particularly advantageous for applications requiring swift and efficient data communication, such as large file transfers and high-quality audio streaming. Notable features of Bluetooth 5.0 include extended range, enabling BLE devices to communicate over greater distances, making them suitable for larger spaces, outdoor environments, and industrial applications. Additionally, Bluetooth 5.0 introduced improvements for indoor positioning and location-based services, providing increased accuracy in determining the location of BLE-enabled devices, which is valuable in asset tracking, indoor navigation, and proximity-based marketing. These upgrades expand the potential use cases for BLE modules.
Get more information on BLE Module Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
232 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.9% |
Market growth 2025-2029 |
USD 52964.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
17.2 |
Key countries |
US, China, Japan, India, Germany, South Korea, Canada, Australia, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The BLE (Bluetooth Low Energy) module market offers low-power connectivity through wireless technology, making it a power-efficient solution for short distance, low bandwidth data transmission. Devices can enter sleep mode to reduce power consumption, ensuring fast connection setup and low latency. Dual-mode devices support both BLE and Bluetooth Classic for versatile device roles. With applications in wearable technology, healthcare devices, smart home systems, asset tracking, and more, innovation and connectivity are at the forefront of this market. Frequency band and software requirements are essential considerations for power consumption comparison.
The global electronics market encompasses manufacturers of communications equipment, technology hardware and storage, electronic instruments and equipment, electronic components, consumer electronics, industrial electronics, and electronic manufacturing services. Within this market, the electronic components segment is poised for growth due to the rising demand for power-efficient solutions in the context of the Internet of Things (IoT). With the proliferation of IoT devices, there is an increasing need for low-power, wireless technology to facilitate short-distance transmissions. This trend is expected to significantly drive the expansion of the global electronic components market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted