According to our Wireless Connectivity Technology Segmentation & Addressable Markets forecast, sales for BLE devices will triple between 2018 and 2023, reaching more than 1.6 billion shipments. This represents a CAGR of 27%.
Driving Factors For Bluetooth Low Energy Adoption
Since its introduction in 2010, Bluetooth Low Energy has been used as an ever-evolving swiss army knife of connectivity, being integrated into an expanding amount of use cases and verticals.
Today, the technology is being used more and more in smart devices – both in the home and in commercial building automation – and in real-time locating system (RTLS) deployments that demand stringent accuracy requirements.
Making it possible are these recent enhancements to BLE technology:
- Ability to support mesh networking
- Beacon functionality
- Centimeter-level location accuracy
- Radio direction finding (RDF)
New Tech, New Opportunities On The Horizon
In the years ahead, BLE technology will continue to be enhanced and improved upon, just as it always has been. As a result, key players in the space will have significant opportunities for further growth.
For example, by 2020, we fully expect high-quality audio streaming over BLE to become a reality. At the same time, BLE chipset providers continue to innovate to provide further improvements in power consumption, further extending battery life and enabling support for battery-free devices via energy harvesting.
Together, Bluetooth’s existing and upcoming enhancements will provide an enormous opportunity for the likes of Nordic Semiconductor, Dialog Semiconductor, Silicon Labs, Texas Instruments, Microchip, Cypress, STMicroelectronics, Atmosic, NXP, CEVA, and Imagination, among several other IC and IP providers who are heavily invested in the Bluetooth and BLE ecosystem.
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