The global Industrial Bluetooth market is expected to accumulate USD 3,665.0 Million in value by 2022 - end. During the forecast period ranging from 2022 to 2032, a CAGR worth 8.4% has been projected for the market, with an expected closing value worth USD 8,231.0 Million. During 2016 to 2021 historical period, the industry grew at a value CAGR worth 7.8%.
The mounting popularity of wireless device users and developers in developed countries like the USA & Germany and the growing demand for low-cost of Bluetooth devices boost the demand for Industrial Bluetooth.
| Attributes | Key Statistics |
|---|---|
| Global Industrial Bluetooth Market CAGR (2022 to 2032) | 8.4% |
| Anticipated Market Value (2022) | USD 3,665.0 Million |
| Global Industrial Bluetooth Market (2032) | USD 8,231.0 Million |
| Global Industrial Bluetooth Market Attraction | The primary key factor propelling the growth of the Industrial Bluetooth Market is the increasing global demand for a wireless network to eliminate the complexities and expenses associated with cables. |
Because of its relevant aspects and advanced functionalities, wireless Bluetooth technology has made its way into the industrial sector as well. Industrial Bluetooth nullifies the complexities associated with traditional communication methods, allowing for more efficient communication.
Industrial Bluetooth is the use of wireless Bluetooth technology to fulfill industrial requirements for sturdiness, robustness, and seamless co-location and coexistence with Wireless LAN networks. Continuous innovation has also resulted in the introduction of AFH (Adaptive Frequency Hopping) for reducing interference between Bluetooth and Wireless LAN, and BLE (Bluetooth low energy) for enabling low-volume data transmissions at regular intervals in low-power wireless devices. Bluetooth technology adoption is expected to accelerate the development of Bluetooth-enabled devices.
Industrial Bluetooth can be used efficaciously in conjunction with sensors, actuators, meters, and other devices to eliminate the need for cables and enable efficient wireless interconnection. Furthermore, the technology has significant applications in the industrial automation sector and has seen widespread acceptance.
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The primary key factor propelling the growth of the Industrial Bluetooth Market is the increasing global demand for a wireless network to eliminate the complexities and expenses associated with cables.
Furthermore, the benefits of Bluetooth technology, such as enhanced reliability and robustness, enhanced integration with devices, wider mobility and flexibility, easy installation, efficient communication, reduced wiring costs, labor costs, and limited interference, are expected to augment the regional of the Industrial Bluetooth Market. Furthermore, the low cost of Bluetooth devices is a significant driving force in the global Industrial Bluetooth market.
The technology is widely used by wireless device users and developers, and it is one of the most widely used low-power wireless technologies on the market. Bluetooth technology has progressed over the last two decades to Bluetooth 5. All Bluetooth-enabled nodes act as transmitters for other nodes, resulting in improved node connectivity. As a result, the growth of Bluetooth integrated circuits (ICs) in wireless devices has increased.
Customers' expanded use of smart wearable electronic devices is a significant driver of market expansion. Increasing financial investments in IoT-based device technology, as well as increased demand for smart wireless sensors and better wireless connectivity in wireless devices.
The primary impediment to the growth of Industrial Bluetooth is Bluetooth technology's limited range. The range eliminates the technology's adoption in industries that exceed the Bluetooth technology's threshold range and have comparatively long-range applications. This is expected to be the most significant restraint for the global Industrial Bluetooth market.
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Over the forecast period of 2022 to 2032, the North American market is projected to expand the fastest. The widespread use of wireless devices, combined with the implementation of smart buildings, has fueled North America's industrial Bluetooth market share.
Due to technological advancements by the populace, North America is the primary revenue contributor to the global wireless connectivity market. Consumer behavior and spending in the region are both key aspects of market growth. Wireless connectivity in diverse fields that are growing in the region, such as energy, agriculture, and others, is expected to propel the industrial Bluetooth market.
The emergence of 5G technology is projected to augment the industrial Bluetooth market demand in North America. The majority of countries are competing and advancing strategies to be the leader in 5G technology. In the USA, for example, the private sector is cruising the deployment of 5G technology.
As per Future Market Insights, North America is expected to account for 29.2% of the industrial Bluetooth market in 2022, owing to the presence of a large number of industries and the region's increasing adoption of wireless technologies.
Owing to the increasing adoption of Wi-Fi solutions and industrialization, wireless technology accounted for more than 30.1% of the market in 2020. Businesses in the region are focusing on implementing advanced technological applications to attract customers in a more innovative manner, which is raising the demand for high-quality wireless network connectivity across verticals.
The popularisation of cloud computing is driving up the consumption of wireless access points. Many businesses are turning to cloud computing because of its efficiencies and advanced features. As a consequence, the industrial Bluetooth market in Europe is expected to grow. In 2022, Europe is expected to account for 21.9% of the Industrial Bluetooth market, and is expected to maintain the governing growth over the forecast period, states Future Market Insights.
The growing demand for high-speed internet and wireless technologies is also contributing to Europe's market growth. The implementation of new wireless technology - Wi-Fi 6, also known as 802.11ax - is projected to boost industrial Bluetooth in Europe. Also, owing to the presence of a large number of industries propelling the market growth.
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The swelling dispersion of start-ups in the Industrial Bluetooth market has improved product quality and enhanced global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching the latest equipment such as:
Some key players in the Industrial Bluetooth market are Intel Corporation, Texas Instruments Incorporated, Cypress Semiconductor Corporation, NORDIC SEMICONDUCTOR, Dialog Semiconductor, Microchip Technology Inc., Microchip, STMicroelectronics, and Advantech Co., Ltd. Key development in the Industrial Bluetooth market is as follows:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.4% from 2022 to 2032 |
| Market Value in 2022 | USD 3,665.0 Million |
| Market Value in 2032 | USD 8,231.0 Million |
| Base Year for Estimation | 2021 |
| Historical Period | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Industry Vertical, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Intel Corporation; Texas Instruments Incorporated; Cypress Semiconductor Corporation; NORDIC SEMICONDUCTOR; Dialog Semiconductor; Microchip Technology Inc.; STMicroelectronics; Advantech Co. Ltd. |
| Customization | Available Upon Request |
The global industrial Bluetooth market is likely to value at USD 3,665.0 Million in 2022.
The industrial Bluetooth market is estimated to grow at a CAGR of 8.4% from 2022 to 2032.
The industrial Bluetooth market is predicted to procure USD 8,231.0 Million by 2032.
1. Executive Summary | Industrial Bluetooth Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Single-mode Module 5.2. Dual-mode Module 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry Vertical 6.1. Oil and Gas 6.2. Mining 6.3. Power 6.4. Water and Wastewater 6.5. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Intel Corporation 15.2. Texas Instruments Incorporated 15.3. Cypress Semiconductor Corporation 15.4. Nordic Semiconductor 15.5. Dialog Semiconductor 15.6. Microchip Technology Inc. 15.7. STMicroelectronics 15.8. Advantech Co., Ltd 15.9. Craig Electronics /HK 15.10. Fugang Electric (Kunshan) Co., Ltd. 16. Assumptions & Acronyms Used 17. Research Methodology
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Industrial Bluetooth Market
