Bluetooth Low Energy Market Set to Triple by 2023, Reaching 1.6 Billion Device Shipments

Bluetooth Low Energy (BLE) devices are forecasted to reach over 1.6 billion annual shipments by 2023 according to market research firm ABI Research. Increasing opportunities in smart home, beacons and asset tracking, emerging IoT applications, alongside growth in existing key markets and the emergence of audio over BLE will enable the technology to achieve a CAGR of 27% between 2018 and 2023, tripling in size.

CEVA announced the general release of its RivieraWaves Bluetooth 5.1 IP and multiple license agreements already signed with leading semiconductor companies. Supporting the headline new feature of Direction Finding via Angle of Arrival (AoA) and Angle of Departure (AoD) for enhanced location services, the RW-Bluetooth 5.1 IP is available in both Bluetooth Dual Mode and Bluetooth Low Energy flavors.