DUBLIN--(BUSINESS WIRE)--The "Global Bluetooth 5.0 Market Size, Share & Industry Trends Analysis Report by Component, Application, End-user, Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Bluetooth 5.0 Market size is expected to reach $7.6 billion by 2028, rising at a market growth of 11.2% CAGR during the forecast period.
The Bluetooth Special Interest Group (SIG), which includes more than 35,000 members from the telecommunications, computing, networking, and consumer electronics industries, is responsible for managing Bluetooth. It was standardized as IEEE 802.15.1, but the IEEE no longer upholds the standard.
The Bluetooth SIG is in charge of managing the qualification process, developing the specification, and defending trademarks. To sell a product as a Bluetooth device, the manufacturer must adhere to Bluetooth SIG standards. The technique is covered by a network of patents, which are licensed to specific qualifying devices.
On December 6, 2016, the Bluetooth SIG announced Bluetooth 5.0, New Internet of Things technology is the main emphasis of its new features. With its Xperia XZ Premium, Sony was the first to reveal Bluetooth 5.0 functionality in February 2017 at the Mobile World Congress. In April 2017, the Samsung Galaxy S8 went on sale with Bluetooth 5 compatibility. With Bluetooth 5 capability, the iPhone 8, 8 Plus, and iPhone X were introduced in September 2017.
Market Growth Factors
A Wide Variety of Bluetooth Location Service Devices Are Available
Bluetooth technology is widely used as a device positioning solution to meet the increasing demands for high-accuracy indoor location services in a variety of applications, including personal item finding, indoor navigation, asset tracking, and digital keys. A Bluetooth device can identify the location, size, and direction of other devices.
It offers versatility unmatched by any other positioning radio, enabling owners and managers of buildings to scale indoor positioning solutions to meet shifting building requirements. For the best resource and inventory control, commercial and industrial establishments are increasingly turning to Bluetooth asset management systems.
When it comes to Bluetooth Location Services, RTLS and tags have taken the lead in propelling continuing growth of the Bluetooth 5.0 market.
The Utilization and Output of Smartphones Are Increasing
Government support for the production of smartphones is progressively increasing. Imports of smartphones raise the price of cell phones, preventing their widespread use. Modern technology advancements like Android smartphones and smart living are gradually affecting people's lives.
The short-wavelength radio transmissions used by Bluetooth technology, which aims to exchange data wirelessly over short distances, are supplying the essential technology for convenience, intelligence, and controllability. This proposes and prototypes a novel Smart Living system dubbed a home lighting control system using an Android smartphone with Bluetooth.
Market Restraining Factors
Interference with Bluetooth Packets
For every wireless system, interference has been one of the main obstacles to enabling dependable data connectivity. Since Bluetooth and Wi-Fi devices and other wireless technologies share a transmission medium, a data packet can be damaged or destroyed during transmission if it collides with another packet that is also being communicated at the same time and on the same frequency channel.
A proposed interference awareness technique is based on the BLE connection's packet state. To identify interference as soon as feasible in the BLE connection, many properties of each packet sent and received are tracked.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Application
- Audio Streaming
- Data Transfer
- Location Services
- Device Networks
By End User
- Retail & Logistics
- Smart Home/Building
- Consumer Electronics
- Automotive
- Wearables
- Healthcare
- Industrial Measurements & Diagnostics
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Qualcomm Technologies, Inc.
- Nordic Semiconductor ASA
- MediaTek, Inc.
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Microchip Technology, Inc.
- ON Semiconductor Corporation
- Texas Instruments, Inc.
- Synopsys, Inc.
- Qorvo, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/jhbikg
