Press release
Bluetooth In Automotive Market Projected to Gain Significant Value by 2026
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 consumer electronics.
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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.
Bluetooth in Automotive market dynamics:
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.
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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
Bluetooth in Automotive Market: Regional Outlook:
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.
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
Original Equipment Manufacturer/Original Design Manufacturer (OEM/ODM)
These members have the manufacturing experience to produce your custom designs or provide products for rebranding.
Advanced & Wise Technology Corporation
BDE Technology
Bluegiga Technologies
Fihonest Communication
Shenzhen Baojia Battery Technology
Shenzen Yingzheng Cyber Blue Industry
Texas Instruments
IVT Corporation
ISSC Technologies Corp.
Hosiden Corporation
End Product Manufacturer
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.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes:
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
Report highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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