Beacons is Expected to Dominate the Global Bluetooth IC Market

Bluetooth IC is a low-energy integrated circuit (IC) device that uses a short wavelength to transmit and receive signals in the radio frequency range across small distances.

According to TechSci Research report, “Global Bluetooth IC Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Bluetooth IC is anticipated to project robust growth in the forecast period with a CAGR of  3.40% through 2028. Rise in demand for smart high-performance wireless sensors in Bluetooth ICs for improved wireless connectivity in wireless audio devices such as speakers and headphones is the major factor that drives the bluetooth ICs market growth. However, amalgamation of Intellectual Property (IP) blocks for System-on-Chip design, possibility of connection failure, low bandwidth of Bluetooth in certain conditions as well as continuously developing wireless communication technology hinder the bluetooth IC chip market growth. On the other hand, surge in incorporation of Bluetooth ICs in smart wearable electronic devices such as smartphones, laptops, and smart watches as well as in automobile infotainment systems for low-cost wireless communication further boosts the bluetooth ICs market revenue. Growth in financial investments by governments worldwide in IoT based device technology and augmented demand for this device in smart homes or city projects is expected to pave new avenue to the Bluetooth ICs industry. Worldwide leading bluetooth ICs market players have adopted necessary steps to improve efficiency and functionality of ultra-thin wireless technology to enable wider adoption for keyboards, smart credit, and banking cards.

Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Bluetooth IC Market"

In October 2019, Microchip Technology Inc., an American manufacturer of MCUs, analog, mixed signal, Flash-IP ICs, announced low-power IS2083BM IC, next-generation Bluetooth 5.0 high-quality dual-mode audio IC and full authentication module. This includes high-power output and Sony HiFi LDACTM codec support. IS2083BM IC measures 5.5 x 5.5 mm and is ideal for small designs, hence providing more room to use larger batteries in the final product. IS2083BM IC and BM83 supports application functions without the need for an external host microcontroller along with integrated power amplifier that includes up to +9.5 dBm of output power. In addition, it has integrated 2 MB flash that enables storage of updated files during wireless updates and software setup without the need for external storage. The device supports Sony LDACTM audio codec technology that enables high-resolution audio extensions extend to mass market Bluetooth wireless products. IS2083BM IC and BM83 modules comprise Bluetooth Low Energy (BLE), Data Length Expansion (DLE), and LE Secure Connection (LE SC) to increase data throughput by 2.5 times while transmitting data, hence improving security. The impact of technology chasm is a major challenge in the Bluetooth IC market. The difference between the design and production units of semiconductor foundries is a technological chasm. Fabless semiconductor foundries primarily face this challenge. In the fabless semiconductor foundry model, firms only do the designing in-house. On the other hand, Bluetooth IC production is done on an outsourcing basis. A chasm is a fissure or a difference that develops between two factors. The technology gap is growing, given the increasing importance of reducing IC node size. However, the errors can be solved in real-time only if the two units work closely. Fabless foundries are contradictory to this requirement. It is proving difficult to reduce this gap as more and more advances in the field of semiconductor fabrication occur. This chasm can increase the product development lifecycle since errors will take time to correct. This will affect the overall value chain of the foundry. This will indirectly have a negative effect on the global Bluetooth integrated circuit (IC) market during the forecast period.

Key market players in the Global  Bluetooth IC Market are following:-

• Microchip Technology Inc
• Texas Instruments Incorporated
• STMicroelectronics
• Silicon laboratories Inc.
• MediaTek Inc.
• Qualcomm Incorporated
• Maxim Integrated
• Toshiba Corp.
• Nordic Semiconductor

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“.The advancements in audio devices is a primary trend in the Bluetooth IC market. The IC market is severely affected by a shortage of supply and demand. The demand for ICs can differ because of consumer trends, economic conditions, and the industry's distinct characteristics. When demand outpaces supply, it can lead to shortages and increased prices.  By contrast, if supply outstrips demand, it may lead to overcapacity, price erosion, and a build-up of stocks. Volatility may arise due to the rapid pace of technology development in the IC sector. Moreover, newer technologies may render existing ICs obsolete or less desirable, causing shifts in market demand. Maintaining market shares may be a challenge for companies that have not adapted to new technology or invested in R&D. Economic factors, such as recessions, currency fluctuations, trade policies, and geopolitical events, can impact the IC market. As a result, manufacturers, distributors, and component suppliers may be affected by reduced overall demand for electronics and interconnectors during an economic downturn. Thus, fluctuation in supply and demand may negatively impact n the growth of the market in focus during the forecast period..” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Bluetooth IC Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Bluetooth, Bluetooth Low Energy, Bluetooth Classic, and Others), By Application (Smart Homes, Beacons, Audio Devices, Human Interface Devices (HID), Health & Fitness, Remote Controls, Automotive, Industrial, and Others), By Region, Competition 2018-2028. has evaluated the future growth potential of Global  Bluetooth IC Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Bluetooth IC Market.

Contact

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: [email protected]               

Website: www.techsciresearch.com