CEVA Introduces Channel Sounding over Bluetooth® to Enable High-Accuracy Secure Positioning for Automotive, Industrial and the IoT Ecosystem

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SHANGHAI, June 28, 2023 /PRNewswire/ -- MWC Shanghai – CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity, smart sensing technologies and custom SoC solutions, today announced support for Channel Sounding to its RivieraWaves Bluetooth® IP portfolio to meet the surging demand for high-accuracy secure positioning in the automotive, industrial and broader IoT markets. Global technology intelligence firm ABI Research forecasts that more than 533 million Bluetooth-based low power positioning devices will ship annually by 2030, growing at a CAGR of 28.5% from 2022 to 2030.