Bluetooth In Automotive Market Revenue Is Forecast To Reach USD 1, 09,979.0 Million By 2023

Market Highlights:
Bluetooth is wireless communication standard, which allows electronic devices to connect and interact with each other. It can be found in a range of gadgets such as smartphones, loudspeakers, laptops and cars. The automotive industry is a steadily growing market for Bluetooth technology. Devices that are Bluetooth compatible should be in close proximity to each other and they can take part in wireless, two way communication. Bluetooth in automotive allows users to access their cell phones through the in car infotainment system. Evidently, in recent years, global major automakers are offering Bluetooth as a factory installed feature. Using Bluetooth in infotainment systems would allow passengers and drivers to listen to music and information while driving. In addition to that, once connected to Bluetooth, drivers can use apps to navigate, check traffic, view latest weather report, and look for information such as movie times and restaurant locations. Overall, the use of Bluetooth technology improves driving experience.

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Key Players:
The major player operating in the market of global bluetooth in automotive are Nordic Semiconductor, Texas instruments, QUALCOMM Incorporated, Broadcom Corporation, MediaTek Inc, Pioneer Corporation, Fihonest Communication Co., Ltd, Hosiden Corporation, Silicon Laboratories, IVT Corporation and others.

Market Research Future Analysis:
The global Bluetooth in automotive market is a very dynamic and is expected to witness significant growth over the forecast period. The growth of the Bluetooth in automotive market is majorly influenced by the growing demand for smartphone features in cars and other vehicles. Furthermore, the use of Bluetooth enables analysis of vehicle diagnostics, which enhances the safety of vehicles. However, the limitations of coverage and slow data transfer of Bluetooth technology coupled with poor security of Bluetooth operations, are hindering the growth of Bluetooth in automotive market.

Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and the increasing production capacity. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which is likely to lead to considerable production of motor vehicles and other manufacturing output.

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