Press release
Bluetooth Market In Automotive Industry: 2018 Global Size, Share, Trends, Growth, Key Players, and Regional Analysis
Global Bluetooth in Automotive Market Synopsis:
Global Bluetooth in automotive market has witnessed a remarkable growth over the past few years. This market was valued at USD 13,800.0 Million in 2016 and is poised to reach USD 1, 09,979.0 Million by 2023 with a CAGR of 34.65%. Bluetooth in automotive market is driven by various factors such as the growing demand for smartphone feature in cars and the ability to carry out vehicle diagnostics. Furthermore, Bluetooth in automotive acts as a bridge between the automotive and the telecommunication industry. However, the coverage and range limitation of Bluetooth coupled with its slow data transfer is a major restraint in the market. Poor security offered by Bluetooth technology also acts as a hindrance to the wide spread implementation of Bluetooth.
Get Sample Copy of Report on Bluetooth in Automotive Market spread across 135 Pages, Profiling Key Companies and Supported with Tables and Figures is now available at https://www.marketresearchfuture.com/sample_request/1262
Key Players:
Nordic Semiconductor, Texas instruments, QUALCOMM Incorporated, Broadcom Corporation, MediaTek Inc, Pioneer Corporation, Fihonest Communication Co., Ltd, Hosiden Corporation, and Silicon Laboratories, IVT Corporation.
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.
Geographically, Asia-Pacific is the major revenue generator as well as consumer of Bluetooth in automotive market. Among all the regions, Asia-Pacific has accounted the market share of 43.1% in 2016 with the market value of USD 5,947.8 million in 2016. The major factor that has propelled the APAC growth is vast number of vehicles in China and India, growing number of domestic as well as global players and emerging economies. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which is likely to raise the production of motor vehicles and other manufacturing output, considerably. On the one hand, Europe and the U.S. will post strong growth.
The report for Global Bluetooth in Automotive Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Access More Report Details at: https://www.marketresearchfuture.com/reports/bluetooth-in-automotive-market-1262
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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