Bluetooth Low Energy (Bluetooth LE, colloquially BLE, formerly marketed as Bluetooth Smart) is a wireless personal area network technology designed and marketed by the Bluetooth Special Interest Group (Bluetooth SIG) aimed at novel applications in the healthcare, fitness, beacons, security, and home entertainment industries.
The market for Bluetooth Low Energy IC is concentrated with players such as Nordic, TI, Dialog, Qualcomm (CSR), Cypress, Silabs, Microchip, Toshiba, STMicroelectronics, NXP, Realtek, AKM, Renesas, Telink the global leading suppliers.
China is the world's second largest economy and Asia's biggest market for BLE technology. It has made fast advances in areas such as education, infrastructure, high-tech manufacturing, academic publishing, patents and commercial applications. It is now, in some areas and by some measures, a world leader. China manufactures more than half of the world's electronic goods and thus provides the largest potential for adoption of the BLE technology.

According to this study, over the next five years the Bluetooth Low Energy IC market will register a 22.1% CAGR in terms of revenue, the global market size will reach US$ 1070 million by 2024, from US$ 390 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bluetooth Low Energy IC business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Bluetooth Low Energy IC market by product type, application, key manufacturers and key regions and countries.

This study considers the Bluetooth Low Energy IC value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Bluetooth 4.0
Bluetooth 4.x
Bluetooth 5.x
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Healthcare
Beacons
Smart Home
Automotive
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Nordic
TI
Dialog
Qualcomm (CSR)
Cypress
Silabs
Microchip
Toshiba
STMicroelectronics
NXP
Realtek
AKM
Renesas
Telink

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Bluetooth Low Energy IC consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bluetooth Low Energy IC market by identifying its various subsegments.
Focuses on the key global Bluetooth Low Energy IC manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bluetooth Low Energy IC with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bluetooth Low Energy IC submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.