Global Bluetooth 4.0 Market is projected to grow at a CAGR of 11.8% during the forecast period 2022 to 2030.
The Bluetooth 4.0 and 4+ series are the latest technologies dedicated to low power consumption and fast and powerful connections. The updated version of Bluetooth 4.0 or wireless electronic accessories and accessories is the latest trend in the global consumer electronics market. The Bluetooth 4 family provides a user-friendly platform where consumers can experience robust wireless accessibility.
Bluetooth has become the standard technology for wireless point-to-point connectivity over the past decade. Bluetooth 4.0 (BT4.0) is the most recent revision that was introduced in June 2010 by the Bluetooth Special Interest Group (BT-SIG). It contains the following three specifications in a single standard:
- Bluetooth Classic: Bluetooth 2.1 + EDR (enhanced data rate).
- Bluetooth HS: Bluetooth 3.0 plus HS.
- Bluetooth Low Energy (LE) is the new technology that BT4.0 introduces.
Recent product trends in the global Bluetooth market include Bluetooth speakers that support the Bluetooth 4+ series. Many major players, including companies like JBL Incorporated and Sony Corporation, have recently launched innovative products in the Bluetooth speaker market. The global Bluetooth device market was valued at approximately $2.2 billion in 2012 and $3.5 billion in 2015, and is expected to grow to approximately $4 billion by the end of 2016.
Bluetooth 4.0 is presently being implemented in gateway and edge devices. The Bluetooth SIG refers to hub devices that utilize Bluetooth 4.0 as "Bluetooth Smart Ready" because they are "ready" to communicate to all Bluetooth devices on the market. The iPhone 5 and 4S, the new iPad, Motorola RAZR, and Samsung Galaxy, to mention a few, are market examples of Bluetooth Smart Ready products.
Bluetooth Smart is an acronym for low-energy peripheral devices. The Polar H7 heart rate monitor, the Wahoo Fitness Blue HC cycling monitor, and the Casio G-Shock GB-6900 smart watch are examples of Bluetooth Smart devices.
The global Bluetooth 4.0 market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
The increasing number of smartphones and Bluetooth-enabled accessories across the globe is driving the Bluetooth 4.0 market. The Bluetooth 4 series is popular with consumers around the world due to technological advancements requiring low power consumption. Global sales of Bluetooth smartphones are expected to grow by around 30% over the next five to six forecast years.
The global proliferation of smartphones and Bluetooth-enabled accessories drives the Bluetooth 4.0 market. As a result of Bluetooth 4 series' low power requirements and technological advancement, it has gained widespread consumer acceptance. The global market for Bluetooth-enabled smartphones is anticipated to increase by approximately 30 percent over the next five to six years.
Increasing applications in consumer electronics, healthcare, and automotive are driving the growth of the global Bluetooth 4.0 market. However, Bluetooth 4.0 still suffers from low data stream capacity, which is a restraining factor for the growth of the global Bluetooth 4.0 market. Moreover, virtual wifi is a formidable competitor that can handle massive data volumes with robust connectivity, which is another factor restraining the growth in demand.
According to a report published this week by West Technology Research Solutions, the opportunity for Bluetooth low energy technology, the defining characteristic of Version 4.0, is substantial. According to Kirsten West, principal analyst at WTRS, Bluetooth low energy will contribute significantly to the overall Wireless Sensor Network market in 2015, accounting for nearly half of all shipments. This novel protocol has the advantage of being completely optimized for low-power battery operation."
Bluetooth low energy technology, the defining feature enhancement to the Specification, opens entirely new markets for devices requiring low cost and low power wireless connectivity, spawning an evolution in Bluetooth wireless technology that will enable a plethora of new applications, some of which are not even imaginable or possible today. Many markets, including health care, sports and fitness, security, and domestic entertainment, will benefit from the availability of Bluetooth-enabled small coin-cell battery-powered wireless products and sensors.
Bluetooth low-energy wireless technology is the defining characteristic of the Bluetooth 4.0 fundamental specification.
- Extremely low peak, average, and standby power consumption
- Ability to operate for a long time on standard coin-cell batteries
- Low priced
- Multi-vendor interoperability
- Extended scope
However, Bluetooth 4.0 still has a limited data streaming capacity, which is a factor restraining the market's growth. Also, virtual wifi is a formidable competitor that can manage large amounts of data with a robust connection
Market Key Players
Cypress Semiconductor Corporation, Silicon Laboratories, Broadcom Corporation, Dialog Semiconductor, Qualcomm Technologies, Dialog Semiconductor, MediaTek, Texas Instruments, and others.
- Cypress Semiconductor Corporation
Cypress Semiconductor was an American company that made and designed chips. It had NOR flash memories, F-RAM and SRAM Traveo microcontrollers, PSoC customizable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense capacitive touch-sensing controllers, Wireless BLE Bluetooth Low-Energy and USB connectivity solutions.
Its headquarter was in San Jose, California, and it also did business in Ireland, India, the Philippines, and the United States.
In April 2016, Cypress Semiconductors said that it was buying the Wireless Internet of Things Business from Broadcom. In July 2016, the deal was done. Infineon Technologies said in June 2019 that it would buy Cypress for $9.4 billion. When the deal was done in April 2020, Infineon became one of the top 10 chip makers in the world. Microchip Technology, NXP Semiconductors, Renesas Electronics, and Micron Technology were some of its major competitors.
Silicon Laboratories, Inc. (Silicon Labs) is a fabless global technology company that creates and makes semiconductors, other silicon devices, and software. It sells these products to electronics design engineers and manufacturers in Internet of Things (IoT) infrastructure around the world.
Its main office is in Austin, Texas, which is in the United States. Microcontrollers (MCUs), wireless systems on chips (SoCs), and modules are what the company works on. The company also makes software stacks, such as firmware libraries and software based on protocols, as well as Simplicity Studio, a free software creation platform.
Silicon Labs was started in 1996, and two years later, it came out with its first product, an improved DAA design that made modems smaller and cheaper. During its first three years, the company worked on RF and CMOS integration. It also made the world's first CMOS RF synthesizer for mobile phones, which came out in 1999. Since Tyson Tuttle became CEO in 2012, Silicon Labs has put more effort into creating technologies for the Internet of Things (IoT) market. In 2019, more than half of the company's revenue came from the IoT market, and by 2020, that number had grown to about 58 percent.
Silicon Labs' first product came out in 1998. It was an updated Direct Access Arrangement (DAA) design that helped makers make modems that were smaller and cheaper.
In August 2019, Silicon Labs had more than 1,770 granted or pending patents around the world.
Qualcomm (/kwlkm/) is an American global company based in San Diego, California. It was founded in Delaware and has its headquarters there. It makes wireless technology-related hardware, software, and services. It has patents that are very important to the 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA standards for mobile connectivity.
In 1985, Irwin M. Jacobs and six other people started Qualcomm. It sold a two-way mobile digital satellite communications system called Omnitracs to pay for its early work on CDMA wireless cell phone technology. After a heated discussion in the wireless industry, the CDMA patents of Qualcomm were added to the 2G standard. After that, there were a number of legal battles over how much it would cost to license patents that were needed by the standard.
Over the years, Qualcomm has grown to sell more semiconductor goods, which are mostly made without a factory. It also made parts or software for cars, watches, laptops, wi-fi, smartphones, and other products using semiconductors.
Broadcom Inc. is an American company that designs, develops, makes, and sells a wide range of semiconductors and software for infrastructure all over the world. Broadcom makes products for the data center, networking, software, broadband, wireless, storage, and industrial businesses. As of 2022, about 78 percent of Broadcom's revenue came from its semiconductor-based goods and 22 percent from its infrastructure software products and services.
Texas Instruments Incorporated (TI) is an American technology company based in Dallas, Texas. It designs and makes semiconductors and integrated circuits, which it sells to electronics makers and manufacturers around the world. Based on how much they sell, it is one of the top 10 chip companies in the world. The company's main focus is on making analog chips and embedded processors, which bring in more than 80% of its income. TI also makes goods for education and TI digital light processing technology, such as calculators, microcontrollers, and multi-core processors. As of 2016, the company had 45,000 patents around the world.
On the Basis of Type:
- Bluetooth Smart Devices
- Bluetooth Smart Ready Devices
On the Basis of Application:
- Consumer Electronics
- Building & Retail
- Wearable Electronics
On the Basis of Region:
Geographically, the global Bluetooth 4.0 market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Bluetooth 4.0 region is dominating this market in the upcoming future.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Bluetooth 4.0 is also called Bluetooth Smart Ready, Bluetooth Low Energy, and Bluetooth Smart. (LE). Bluetooth 4.0 is one of the newest ways to send and receive data over short distances. Bluetooth 4.0 improves Bluetooth technology while keeping it compatible with older products that can use Bluetooth. Between 2022 and 2030, the global Bluetooth 4.0 market is expected to grow at a CAGR of 11.8%.
The Bluetooth 4.0 market is being driven by the increasing number of smartphones and other devices that can connect to Bluetooth all over the world. As technology has improved, the Bluetooth 4 series has become more famous around the world because it uses less power. The number of Bluetooth smartphones sold around the world is expected to grow by about 30% over the next five to six years.
The global Bluetooth 4.0 market is also growing because more people are using it in household electronics, healthcare, and cars. But Bluetooth 4.0 still can't stream a lot of data, which is slowing down growth in the global Bluetooth 4.0 market. Also, virtual wifi is a strong rival that can handle a lot of data and has a strong connection. This is another thing that is slowing the growth of demand.