Bluetooth 5.0 Market Report: Trends, Forecast and Competitive Analysis to 2030

Bluetooth 5.0 Trends and Forecast

The future of the global Bluetooth 5.0 market looks promising with opportunities in the retail & logistic, smart home/building, consumer electronic, automotive, wearable, healthcare, and industrial measurements & diagnostic sectors. The global Bluetooth 5.0 market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are growing demand for audio devices, automotive entertainment, and diagnostic devices and rising preference towards wireless technology.

A more than 150-page report is developed to help in your business decisions.

Bluetooth 5.0 by Segment

The study includes a forecast for the global Bluetooth 5.0 by component, application, end use, and region.

Bluetooth 5.0 Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Bluetooth 5.0 Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Audio Streaming
• Data Transfer
• Location Services
• Device Networks

Bluetooth 5.0 Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Retail & Logistics
• Smart Home/Building
• Consumer Electronics
• Automotive
• Wearables
• Healthcare
• Industrial Measurements & Diagnostics
• Others

Bluetooth 5.0 Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bluetooth 5.0 Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Bluetooth 5.0 companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Bluetooth 5.0 companies profiled in this report include-

• Qualcomm Technologies
• Nordic Semiconductor
• MediaTek
• STMicroelectronics
• NXP Semiconductors

Bluetooth 5.0 Market Insights

Lucintel forecasts that hardware is expected to witness the highest growth over the forecast period.

Within this market, automotive is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Bluetooth 5.0 Market

Market Size Estimates: Bluetooth 5.0 market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bluetooth 5.0 market size by component, application, end use, and region in terms of value ($B).

Regional Analysis: Bluetooth 5.0 market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, applications, end uses, and regions for the Bluetooth 5.0 market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Bluetooth 5.0 market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the Bluetooth 5.0 market size?

Answer: The global Bluetooth 5.0 market is expected to reach an estimated $9.0 billion by 2030.

Q2. What is the growth forecast for Bluetooth 5.0 market?

Answer: The global Bluetooth 5.0 market is expected to grow with a CAGR of 11.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the Bluetooth 5.0 market?

Answer: The major drivers for this market are growing demand for audio devices, automotive entertainment, and diagnostic devices and rising preference towards wireless technology.

Q4. What are the major segments for Bluetooth 5.0 market?

Answer: The future of the Bluetooth 5.0 market looks promising with opportunities in the retail & logistic, smart home/building, consumer electronic, automotive, wearable, healthcare, and industrial measurements & diagnostic sectors.

Q5. Who are the key Bluetooth 5.0 market companies?

Answer: Some of the key Bluetooth 5.0 companies are as follows.

• Qualcomm Technologies
• Nordic Semiconductor
• MediaTek
• STMicroelectronics
• NXP Semiconductors

Q6. Which Bluetooth 5.0 market segment will be the largest in future?

Answer: Lucintel forecasts that hardware is expected to witness the highest growth over the forecast period.

Q7. In Bluetooth 5.0 market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the Bluetooth 5.0 market by component (hardware, software, and services), application (audio streaming, data transfer, location services, and device networks), end use (retail & logistics, smart home/building, consumer electronics, automotive, wearables, healthcare, industrial measurements & diagnostics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?