openPR Logo
Press release

Bluetooth 5.0 Market Size, Share & Trends, Industry Analysis Report From 2022 To 2030

09-21-2022 10:25 AM CET | Media & Telecommunications

Press release from: We Market Research

Bluetooth 5.0 Market

Bluetooth 5.0 Market

The Global Bluetooth 5.0 Market is valued at USD 4.1 billion in 2022 and is projected to reach a value of USD 9.0 billion in 2030 expanding at a CAGR of 11% over the forecast period of 2022-2030.

Global Bluetooth 5.0 Market- Overview

With Bluetooth 5.0, some devices can be used to data transfer speeds of up to 2 Mbps that is double what Bluetooth 4.2 supports.

Also, the devices can communicate over distances of up to 800 feet or 240 meters that is four times the 200 feet (or 60 meters), which is allowed by Bluetooth 4.2.

But when the walls and other obstacles will weaken the signal, as they do with Wi-Fi, although a better wireless router has helped the things.

Additionally, The COVID-19 pandemic had also boosted the adoption of the Internet of Medical Things (IoMT) and increased the demand for hands-free medical technology in hospitals and in-home use.

The wearable health monitors that includes, blood glucose and blood pressure monitors, had become more common in expanding home care.
Also, more hospitals had started adopting IoT connectivity in order to track resources and make remote appointments. These trends are still continuing to grow as the pandemic subsides, which has made healthcare more accessible.

Key Market Trends

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising investments in the IoT devices.

The rising investments in sensing technology for automating industrial activities have led to the increased revenue growth of the IoT connectivity industry over the forecast period. The market has been experiencing a continuous expansion because of the rising demand for audio devices, automotive entertainment and diagnostic devices, smart city projects, automation, and wearable electronics integrated with Bluetooth capabilities.

On the flip side, interference has been one of the biggest challenges for any wireless technology in providing reliable data communication. Since, wireless technologies that includes, Bluetooth and Wi-Fi devices, generally share a transmission medium, there is a possibility for a data packet being transmitted to be corrupted or lost if it collides with another packet being transmitted at the same time and on the same frequency channel.

Collisions have posed a major challenge in radio communication and become particularly problematic in busy radio environments. Bluetooth technology diminishes the risk of collisions using spread spectrum techniques. This has been a major restrain over the forecast period.

Get Free Sample: https://wemarketresearch.com/sample-request/bluetooth-5.0-market/459/

Segmental analysis of the Market

Based on Component
• Hardware
• Software
• Solutions
• Services
• Protocol stacks
The services segment has dominated the market growth over the forecast period.

Based on Application
• Audio Streaming
• Data Transfer
• Location Services
• Device Networks

The device networks segment has dominated the market growth over the forecast period. This is because it is suitable for creating control, monitoring, and automation systems where tens to thousands of devices need to communicate with one another reliably and securely.

Based on End Users
• Consumer Electronics
• Wearables
• Automotive
• Retail and Logistics
• Healthcare
• Smart Home/Building
• Industrial Measurements and Diagnostics
• Other End User

The retail and logistics segment has dominated the market growth over the forecast period. This is because technologies have significantly boost retailers and landlords, particularly shopping centers, and retail parks, by facilitating targeted advertising and marketing. Bluetooth technology enables the automatic sending of personalized alerts to the shoppers' mobile phones, as Wi-Fi helps track shoppers while they hover around the shopping center.

North America is anticipated to amplify at a considerable CAGR

The Global Bluetooth 5.0 Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America is anticipated to dominate the market growth over the forecast period. This is because it is one of the most technologically advanced regions in the world. It comprises the US and Canada and is expected to account for the largest share of the global Bluetooth 5.0 market. North American countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to developing new technologies. The region is well-known for its high adoption rate of new advanced technologies, such as IoT, wearable technology, automobiles, smart cities, smart industry, smart agriculture, and autonomous cars/connected cars.

Competitive Landscape:

Some of the prominent companies operating in the market are Qualcomm (US), Nordic Semiconductor (Norway), ON Semiconductor (US), Broadcom (US), Silicon Labs (US), Realtek (Taiwan), Microchip Technology (US), NXP Semiconductors (Netherlands), Texas Instruments (US), MediaTek (Taiwan), Synopsys (US), STMicroelectronics (Switzerland), Qorvo (US), Renesas (Japan), Infineon Technologies (Germany), Goodix Technology (China), Telit (US), Espressif Systems (China), Taiyo Yuden (Japan), Feasycom (China), Atmosic Technologies (US), Ceva (France), Laird Connectivity (US), Inventek Systems (US), Insight SiP (France), and Virscient (New Zealand).

Major Questions Answered In This Report:

• What is the growth rate of the Global Bluetooth 5.0 Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

Access Full Report: https://wemarketresearch.com/reports/bluetooth-5-0-market/459/

Key Takeaways From The Report:

• The Global Bluetooth 5.0 Market is projected to expand at a CAGR of 11.0% over the forecast period.
• The rising investments in IoT devices is aiding market progression.
• The services segment is poised to expand significantly over the forecast period.
• North America has dominated the regional market sphere over the forecast period.

Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bluetooth 5.0 Market Size, Share & Trends, Industry Analysis Report From 2022 To 2030 here

News-ID: 2743185 • Views: 417

More Releases from We Market Research

Laptop Sleeves Market 2022 Analysis Of Key Trends, Industry Dynamics And Future …
Laptop Sleeves Market is valued at USD 1.67 billion in 2022 and is projected to reach a value of USD 2.79 billion in 2030 expanding at a CAGR of 6.6% over the forecast period of 2022-2030. Due to the padding utilised in the bag, a laptop bag helps to prevent the laptop screen from shattering or cracking. Laptop bags give protection from dust and scrapes and enough space to organise and
Laptop Sleeves Market 2022 Analysis Of Key Trends, Industry Dynamics And Future …
Laptop Sleeves Market is valued at USD 1.67 billion in 2022 and is projected to reach a value of USD 2.79 billion in 2030 expanding at a CAGR of 6.6% over the forecast period of 2022-2030. Due to the padding utilised in the bag, a laptop bag helps to prevent the laptop screen from shattering or cracking. Laptop bags give protection from dust and scrapes and enough space to organise and
Railroad Traction Power Supply System Market Study For 2022 To 2030 Providing In …
Global Railroad Traction Power Supply System Market is valued at USD 28.88 billion in 2022 and is projected to reach a value of USD 43.99 billion in 2030 expanding at a CAGR of 5.4% over the forecast period of 2022-2030. A traction motor in railways constitutes an electric motor that converts electrical energy into torque energy, and it is connected to a shaft, resulting in linear motion. Traction motors are powered by
E-Bike Battery Swapping Cabinets Market Key Drivers & On-Going Trends 2022 To 20 …
Electric vehicle battery swapping is a place at which an electric vehicle's discharged battery or battery pack can be immediately swapped for a fully charged one, eliminating the delay involved in waiting for vehicle's battery to charge. Battery swapping stations offer a quicker solution to address range anxiety, where each battery swap takes less than 10 minutes and requires much smaller space to install compared to charging stations. In addition, battery-as-a-service (BaaS)

All 5 Releases


More Releases for Bluetooth

Bluetooth Modules Market Report 2018: Segmentation by Type (Bluetooth Low Energy …
Global Bluetooth Modules market research report provides company profile for Texas Instruments, Fujitsu, Hosiden, STMicroelectronics, Laird, Taiyo Yuden, Murata, Qualcomm, Intel, Broadcom, Panasonic and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report
Bluetooth Beacon And Ibeacon Market
Understanding several aspects of the global Bluetooth beacon and iBeacon market, Persistence Market Research has presented a well-structured analysis on several trends, challenges, opportunities, restraints and drivers impacting the growth of the global market in its recent publication “Bluetooth Beacon and iBeacon Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. These aspects are studied across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and
Digitek launches tubular Bluetooth speaker
New Delhi –Digitek, an Indian market leader in Photographic & amp; Smartphone Accessories today announced the launch of its brand new Bluetooth Speaker, DBS-011 that promises an incredible audio experience with impressive performance. Powered by a built-in 2000MAH rechargeable battery, the premium speaker delivers uninterrupted music playback for 5 hours. Boasting a stylish tube-shaped, smooth finish exterior, the speaker comes with hooks on both sides to attach the handle for
Global Bluetooth in Automotive Market
Bluetooth in Automotive Market: Introduction Bluetooth is a technology in which wireless exchange of data from two devices (mobile and fixed) takes place and is used for creating personal area networks (PAN). Bluetooth was invented by Ericsson in 1994. It can connect many devices at the same time, avoiding the synchronization issues. Bluetooth is managed by Bluetooth Special Interest Group (SIG), present in various fields namely telecommunication, computing & networking and
Bluetooth Key
Global and China Bluetooth Key Market 2016-2021 Market Research Report The report Bluetooth Key offers a detailed impact analysis of the key trends shaping the Industry. The Industry determinants, i.e. drivers, restraints, opportunities, and threats have been covered in the report. The research study delivers a detailed analysis of the consumer trends that are influencing the Industry. The impact analysis of the Industry drivers, restraints, and opportunities is presented in the
Speedy Bluetooth Smart Product Development
CSR µEnergy® SDK 1.4 enables to develop Bluetooth Low Energy Apps in just 10 minutes Planegg, July 11th, 2012 Atlantik Elektronik presents the CSR µEnergy SDK 1.4, the latest version of CSRs software toolkit for the speedy development of Bluetooth smart devices. This updated version of the CSR µEnergy SDK provides a complete development platform with all the latest Bluetooth v4.0 features. It enables developers to quickly create exciting new smart Bluetooth