According to ABI Research, factors driving an increase in shipments include increasing opportunities in smart home, beacons and asset tracking and in emerging IoT applications.
The emergence of audio over bluetooth low energy will enable the technology to achieve a CAGR of 27% between 2018 and 2023, tripling in size.
Market trends include continued research and development to provide further improvements in power consumption, further extending battery life and enabling support for battery-free devices via energy harvesting.
Andrew Zignani, Senior Analyst at ABI Research, said:“Bluetooth Low Energy has witnessed tremendous growth since its introduction in 2010 because continued technical enhancements have ensured that the technology can take advantage of opportunities across an ever-increasing number of verticals and use cases.
“BLE’s ubiquitous support in mobile devices, combined with its ability to support mesh networking, beacon functionality, and most recently, centimeter level location accuracy with the introduction of Bluetooth 5.1 and radio direction finding (RDF), is enabling BLE to be increasingly leveraged within smart consumer devices, larger scale home and commercial building automation environments, and RTLS deployments with more stringent accuracy requirements.”
“… From 2020, we expect the Bluetooth audio market to take advantage of upcoming enhancements to better support truly cable-free earbud experiences while enhancing the battery life and user experience, though it may take some time for the standardisation process to translate to wider mobile and ecosystem support,” .
For more information about the report, visit Wireless Connectivity Technology Segmentation & Addressable Markets