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Global Bluetooth Devices Market (2024 Edition): Analysis By Value and Volume, Device Type (Wearables, Headphone, Speaker, PC Peripherals & Accessories, Others), Bluetooth Version (5.0, 4.0), Functionality, By Sales Channel, By Region, By Country: Market Insights and Forecast (2019-2029)

Category: Electronics & Technology

Publish Date: January 2024

No. of Pages: 300

Format: Pdf

  • USD

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Executive Summary

Azoth Analytics has released a research report titled “Global Bluetooth Devices Market (2024 Edition)” which provides a complete analysis of the Global Bluetooth Devices Market industry in terms of Value (USD Billion) and Volume (Million Units), market segmentation by Device Type (Wearables, Headphone, Speaker, PC Peripherals & Accessories, Others), Version (Bluetooth 5.0, Bluetooth 4.0), Functionality (Audio Streaming, Data Transfer, Location Services, Device Networks) and Sales Channel (Online, Offline) for the historical period of 2019-2022, estimates of 2023 and the forecast period of  2024-2029. The research report also assesses growth indicators, restraints, sales growth and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution.

During the forecast period, 2024-2029, the Global Bluetooth Devices Market is expected to expand at a CAGR of 13.2%. The Global Bluetooth Devices market is expected to grow at an extraordinary rate driven by significant expenditures from key players. The Global Bluetooth Devices market is expected to increase from USD 41.6 billion in 2022 to USD 98.2 billion in 2029, according to Azoth Analytics estimates. The market is being driven by the growing need for hands-free communication and audio streaming in cars, the increasing acceptance of smart devices and wireless connectivity solutions, and the increasing desirability of wearable technologies. The growing need among sectors for connected and energy-efficient devices is one of the main drivers of market growth. The demand for Bluetooth Low Energy in home automation systems has increased due to the smart home trend, while the growth of BLE-enabled wearables has been driven by the growing awareness of health and fitness.

Growing Need for a Wireless Network  

The rapid growth of the global market for Bluetooth devices is mostly due to the rising demand for wireless networks around the world. Bluetooth technology emerges as a dynamic answer as customers and companies together look to save costs and simplify old wired setups. Wearables, smart home appliances, IOT apps, and audio accessories like speakers and headphones are just a few of the uses for Bluetooth devices' seamless wireless connectivity.

Many industries consider Bluetooth technology beneficial because it streamlines connectivity and reduces complexity. Bluetooth devices improve productivity in business environments by facilitating effective communication and collaboration. Additionally, the ease of Bluetooth audio solutions is driving a boom in demand in the consumer electronics sector.

Competition with Other Wireless Technologies  

Modern wireless technologies that allow faster data transfers and reduced latency, such as Wi-Fi 6 and 5G, are beginning to expand into applications that were previously linked to Bluetooth. Bluetooth's market share may be restricted in particular applications by alternatives that perform better in situations requiring high-speed communication or widespread device connectivity. Furthermore, Zigbee and Z-Wave, two specialized wireless protocols, have been established in home automation and Internet of Things applications, challenging Bluetooth's domination in these fields where dependable communication, low power consumption, and mesh networking are essential.

As companies adopt wireless protocols customized to specific uses and investigate new technologies such as Ultra-Wideband (UWB) for accurate spatial awareness, Bluetooth needs to display its adaptability and sustain its competitive advantage in a wide range of applications.

 

Scope of the Report

• The report analyses the Global Bluetooth Devices Market by Value (USD Billion).

• The report analyses the Global Bluetooth Devices Market by Volume (Million Units).

• The report presents the analysis of the Global Bluetooth Devices Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.  

• The report analyses the Global Bluetooth Devices Market by Device Type (Wearables, Headphone, Speaker, PC Peripherals & Accessories, Other Devices).  

• The report analyses the Bluetooth Devices Market by Version (Bluetooth 5.0, Bluetooth 4.0).  

• The report analyses the Bluetooth Devices Market by Functionality (Audio Streaming, Data Transfer, Location Services, Device Networks).  

• The report analyses the Bluetooth Devices Market by Sales Channel (Online, Offline).  

• The report analyses the Bluetooth Devices Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa).

• The report analyses the Bluetooth Devices Market by Country (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, South Korea, India).

• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis.  

• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.  

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Apple, Inc., Logitech International S.A., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Dell Technologies Inc., Sony Group Corp., GN Store Nord A/S, Huawei Technologies Co., Ltd., Xiaomi Corporation, Sennheiser Electronic GmbH and Co. KG.

 

One can also purchase any particular sections from this report. Please send us an email to info@azothanalytics.com with your order details.

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