Press release
Bluetooth in Automotive Market Expecting Worldwide Growth by 2026
Bluetooth technology was first invented primarily for wireless connection, linking two devices together such as mobile phone and pc. But with technological advancements in wireless communication systems Bluetooth technology has found application in various sectors among which one is automotive. The automotive sector is growing market for Bluetooth technology, with hand-free calling, Bluetooth connecting music systems, security remote controls for locking and unlocking vehicle.
Growing investment in smart vehicles and intelligent transportation systems are other factors expected to drive robust growth of the global Bluetooth in Automotive market over the forecast period. Increasing investment in autonomous vehicle systems is also working as a catalyst for growth of the global Bluetooth in Automotive market.
Freedom from wires and strong connection between the devices primarily during ridges and lumps during driving is primarily raising customer confidence towards adoption of Bluetooth technology. Easy to mount, compact design, long life and low cost are some of the factors driving the growth of Bluetooth in Automotive market.
Bluetooth in Automotive market segmentation:
Bluetooth in Automotive market can be segmented on the basis of application, by sales channel, by vehicle type.
Based on application, the market can be segmented as:
•Hands-free calling
•Security (locking and unlocking)
•Mobile phone Connectivity
•In car Entertainment ( music player, TV etc )
•Communication for monitoring and control operations (temperature control, side mirrors)
Based on sales channel, the market can be segmented into:
•Original equipment manufacturer (OEM)
•Aftermarket
On the basis of vehicle type, global Bluetooth in automotive market can be segmented into:
•Passenger cars
•Low commercial vehicles
•Heavy commercial vehicles
•Others
North America is currently leading in terms of market share for Bluetooth in automotive revenue, with increasing deployment of smart infotainment application systems in vehicles. Asia pacific market is expected to witness significantly fast revenue growth in future, primarily due to low penetration levels of electronic assist vehicle and developing consumer’s interest towards adoption of smart featured vehicles. In Western Europe, Germany is expected to exhibit relatively higher growth as compared to markets in other countries in the region owing to government electric mobility initiative in the region.
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Bluetooth in Automotive: Key Players
Some of the major players identified across the value chain in the global bluetooth in automotive market includes
•Beats Electronics
•Bose Corporation
•Harman International Industries
•Samsung Electronics Co Ltd
•Sony Corporation
•LG Electronics Inc.
•Panasonic Corporation
•Pioneer Corporation
These member companies manufacture market-ready Bluetooth products for consumers and business users.
•Fihonest Communication
•Hosiden Corporation
•IVT Corporation
•LM Technologies
•Rayson Technology
•Samsung Electronics
•Shenzhen Baojia Battery Technology
•Shenzhen Yingzheng Cyber Blue Industry
•Socket Mobile
•Cobra AT SpA
Product Distributor
The following members are wholesalers, importers, distributors and/or retailers.
•Fihonest Communication
•Bluenext Japan Ltd
•Shenzhen Boomtech Industrial
•Shenzhen SuLong Communication
•Shenzhen Walmate Electronics
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
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