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APAC Bluetooth Low Energy Market Estimated to Surpass $6.4 Billion Mark by 2026

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APAC Bluetooth Low Energy Market Estimated to Surpass $6.4 Billion Mark by 2026

May 21
17:18 2021
APAC Bluetooth Low Energy Market Estimated to Surpass $6.4 Billion Mark by 2026

APAC Bluetooth Low Energy Market.
Growing Demand for Low Maintenance, Powered Wireless Sensing Equipment Coupled With the Developments in Internet of Things Are Accounting for Significant Growth in the APAC Bluetooth Low Energy Market.

The APAC Bluetooth Low Energy Market is estimated to surpass $6.4 billion mark by 2026 growing at an estimated CAGR of more than 22.4% during the forecast period 2021 to 2026. Bluetooth Low Energy is used to transfer data to other device through a wireless connectivity. APAC Bluetooth Low Energy market is segmented based on the type of solution and also based on the type of mode. There are three different types of modes they are single mode, dual mode and classic. The single mode device is a type of device which only supports Bluetooth Low Energy whereas the dual mode devices are which can connect with the billions of existing Bluetooth devices. Classic Bluetooth devices are that which can only communicate with the dual device. BLE (BLE) has been lately introduced as an integral part of Bluetooth v4.0. The speciality of BLE protocol lies in its consumption of minimal amount of power from the device in which it is integrated.

APAC Bluetooth Low Energy Market Segment Analysis – By Product Type

APAC Bluetooth Low Energy hardware is offered via two solutions: chipsets or modules. APAC Bluetooth Low Energy chipsets are integrated circuits that incorporate a microprocessor along with protocol stacks while APAC Bluetooth Low Energy module is an assembled circuit consisting of APAC Bluetooth Low Energy chipset and radio module along with other electronic components. The manufacturer can offer both the hardware solutions depending upon the production volume. Generally, if the production volume ranges less than 100,000 units; modules are preferred while for production volumes above 100,000 units; APAC Bluetooth Low Energy chipsets are manufactured. The module integrates RF, a baseband controller, and a command API processor, making it as a complete APAC Bluetooth Low Energy solution which suitable for various applications. But with every emerging solution using APAC Bluetooth Low Energy technology, there is also a necessity for installing applications (apps) pertaining to each solution, thus creating a huge scope for the growth of market.

APAC Bluetooth Low Energy Market Segment Analysis – By Application

The automotive industry is an eminent end-user for APAC Bluetooth Low Energy market deploying the technology predominantly in its wireless multimedia receivers and audio systems. A significant share of the market currently lies in the automotive aftermarket but with APAC Bluetooth Low Energy receiving a wide support facilitated by its features, the original equipment manufacturers (OEM’s) in the automotive industry are integrating the audio and multimedia systems in the automobiles, expected to surge APAC Bluetooth Low Energy market in the OEM automobile domain. Asset tracking and Proximity Marketing are exclusive applications of BLE that were made feasible by the low energy consumption of BLE modules and chipsets. 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.

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APAC Bluetooth Low Energy Market Segment Analysis – By Geography

China dominated the BLE market in terms of regional presence. As the Chinese economy is rapidly inclining towards an interconnected world, wireless technology will play a prominent role in the future to enhance the connectivity between any desirable equipment. All this equipment will be embedded with wireless modules based on ultra-low power concept to sustain their operations for a longer period of time, thereby creating robust opportunities for BLE, an ultra-low power technology to boom across several end-user industries such as automotive, wireless audio and infotainment devices, wearable electronics, industrial and home automation and many others. It has made fast advances in areas such as education, infrastructure, high-tech manufacturing, academic publishing, patents and commercial applications and is now in some areas and by some measures a world leader.

APAC Bluetooth Low Energy Market Drivers

Burgeoning APAC Bluetooth Low Energy Maker Movement

The ratification of Bluetooth v4.0 specification followed by native support for technology by eminent mobile operating system vendors such as Android, iOS and Windows, has led a disruptive change in the APAC Bluetooth Low Energy market. The ability of APAC Bluetooth Low Energy protocol to establish a simple wireless connectivity to master devices such as tablets, smartphones and many other hub devices has enabled new innovations in several markets including smartphones appcessory, automotive, computer peripherals, wearable electronic gadgets and many others. The remarkable factor advancing APAC Bluetooth Low Energy into the mainstream is the surge in ‘crowd funding’ for companies with valuable ideas on how wireless connectivity can enhance the product. This has facilitated the ‘maker’ movement consisting of amateur engineers and keen hobbyists who are excited about evolving unique APAC Bluetooth Low Energy applications, thereby accelerating the overall market.

Adoption of IoT Solutions

Presently, growing demand for low maintenance, powered wireless sensing equipment coupled with the developments in Internet of Things are accounting for significant growth in the market. IoT defines a system in the physical world with the aid of embedded wireless sensors that can be connected to Internet via wired or wireless connection. These sensors have the ability to form wireless connections through several options such as RFID, NFC, Bluetooth, APAC Bluetooth Low Energy (BLE) or Zigbee. According to EnOcean GmbH, currently 14 billion wireless sensor networks (WSN’s) devices in low power mode across the globe has trashed about 400 TWh (terawatt-hour) of electricity. However, by 2020 with 50 million devices, the consumption will increase by factor 3.5 to over 1,400 TWh. Thus, APAC Bluetooth Low Energy (BLE) assisted by its low power consumption attribute has the highest probability for penetrating the market deep, thereby creating a strong growth prospects for it in the near future particularly in remote healthcare and automotive markets.

APAC Bluetooth Low Energy Market Challenges

One to One Device Pairing

Unlike its predecessor Bluetooth Classic that has the ability to support multiple device connections, the APAC Bluetooth Low Energy enhanced by its low power consumption feature has been optimized for one-to-one connections. The Bluetooth Classic is based on mesh network while APAC Bluetooth Low Energy has been designed to be mobile in mesh topology using quick connection and disconnection ability. Although a APAC Bluetooth Low Energy enabled hub/master device can remain connected to multiple Bluetooth Smart devices but vice-versa is not possible. Hence, this creates a limitation for user to transfer data form a single Bluetooth Smart enabled sensing device to multiple hub devices. This is a point of concern for professional sport persons who consistently need to scan several performance parameters on multiple monitoring devices.

APAC Bluetooth Low Energy Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the BLE Market. Panasonic Corporation, MediaTek Inc., Nordic Semiconductors, Murata Manufacturing Co Ltd, Cypress Semiconductor, and others are considered to be the key players of the BLE Market.

Acquisitions/Technology Launches/Partnerships

Murata launched Nordic-based BLE module, MBN52832. The BLE module equipped with Nordic Semiconductor’s nRF52832 IC, a 32 MHz crystal for timing, and an on-board antenna
Panasonic launched new PAN 1760 series RF module for the advanced wireless connectivity in IoT, medical and industrial applications.

Key Takeaways

A significant share of the market currently lies in the automotive aftermarket but with APAC Bluetooth Low Energy receiving a wide support facilitated by its features, the original equipment manufacturers (OEM’s) in the automotive industry are integrating the audio and multimedia systems in the automobiles, expected to surge APAC Bluetooth Low Energy market in the OEM automobile domain.

The dual mode shares the protocol stacks of both Bluetooth Classic and APAC Bluetooth Low Energy, thus making it the most sought out option for replacing the conventional Bluetooth Classic chips or modules.

Low energy consumption, low latency, quick connection set-up speed and robust network connection has made APAC Bluetooth Low Energy the obvious choice for supporting the wearable electronic devices wireless connectivity infrastructure.

Once the APAC Bluetooth Low Energy-based product or module is fabricated, they are sent further for certification process followed by distribution across the regional or global customer base.

Related Reports :

A. Bluetooth Low Energy Market

https://www.industryarc.com/Report/187/bluetooth-smart-market-forecast.html

B. IoT Communication Technologies Market

https://www.industryarc.com/Report/15499/iot-communication-technologies-market.html

For more Electronics Market reports, please click here

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