Global Bluetooth 5.0 Market Report 2022 to 2028: Features

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — The report “Global Bluetooth 5.0 Market Size, Industry Trend Share and Analysis by Component, Application, End User, Regional Outlook and Forecast, 2022-2028” has been added to offer.

The global Bluetooth 5.0 market size is projected to reach USD 7.6 billion by 2028, with 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, information technology, networking and consumer electronics industries, is responsible for managing Bluetooth. It has been standardized as IEEE 802.15.1, but the IEEE no longer supports the standard.

The Bluetooth SIG is in charge of managing the qualification process, developing specifications and defending trademarks. To sell a product as a Bluetooth device, the manufacturer must adhere to the Bluetooth SIG standards. The technique is covered by a network of patents, licensed to specific qualifying devices.

On December 6, 2016, 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 the Bluetooth 5 feature, iPhone 8, 8 Plus and iPhone X were introduced in September 2017.

COVID-19 impact analysis

The COVID-19 pandemic has caused a health crisis and continues to impact all aspects of professional and personal life. The COVID-19 pandemic has affected a wide range of industries, and at the time of its onset, analysts were unable to predict the full effect the pandemic would have on market sentiments.

Despite the fact that several Bluetooth markets have had slower-than-expected growth, according to the recently released Bluetooth Market Update 2021, analysts expect year-on-year growth to pick up towards 2021. Some Bluetooth markets have discovered an opportunity to thrive during this difficult period. Bluetooth PC accessories have grown as more and more people around the world have started working from home.

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 growing demand for high-accuracy indoor location services in a variety of applications, including searching for personal belongings, indoor navigation, asset tracking, and keys digital. A Bluetooth device can identify the location, size and direction of other devices.

It offers versatility unmatched by any other positioning radio, allowing building owners and managers to scale indoor positioning solutions to meet changing building needs. For better asset 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 driving the continued growth of the Bluetooth 5.0 market.

The use and production of smartphones is on the rise

Government support for smartphone production is steadily increasing. Smartphone imports raise the price of mobile phones, preventing their widespread use. Advances in modern technology like android smartphones and smart life are gradually affecting people’s lives.

Shortwave radio transmissions utilized by Bluetooth technology, which aims to exchange data wirelessly over short distances, provide the essential technology for convenience, intelligence and controllability. This proposes and prototypes a new Smart Living system dubbed a home lighting control system using an Android smartphone with Bluetooth.

Market restrictive factors

Interference with Bluetooth packets

For every wireless system, interference has been a major obstacle to enabling employee data connectivity. Because Bluetooth and Wi-Fi devices and other wireless technologies share a transmission medium, a data packet can be damaged or destroyed in transmission if it collides with another packet that is also being communicated at the same time and on the same frequency channel.

One proposed interference awareness technique is based on the packet state of the BLE connection. To identify interference as early as possible in the BLE connection, many properties of each packet sent and received are tracked.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market overview
2.1 Introduction
2.1.1 Overview Market composition and scenarios
2.2 Key factors affecting the market
2.2.1 Market drivers
2.2.2 Market Restrictions

Chapter 3. Competitor Analysis – Global
3.1 Cardinal Matrix
3.2 Recent industry-wide strategic developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions and Mergers
3.3 Main winning strategies
3.3.1 Major Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, March – 2023, April) Major Players

Chapter 4. Global Bluetooth 5.0 Market by Component
4.1 Global Hardware Market by Regions
4.2 Global software market by region
4.3 Global Services Market by Regions

Chapter 5. Global Bluetooth 5.0 Market by Application
5.1 Global Streaming Audio Market by Regions
5.2 Global Data Transfer Market by Regions
5.3 Global Location Services Market by Regions
5.4 Global Networking Devices Market by Region

Chapter 6. Global Bluetooth 5.0 Market by End User
6.1 Global Retail Commerce and Logistics Market by Regions
6.2 Global Smart Home/Building Market by Regions
6.3 Global Consumer Electronics Market by Regions
6.4 Global Automotive Market by Regions
6.5 Global Wearable Devices Market by Region
6.6 Global Healthcare Healthcare Market by Regions
6.7 Global Industrial Measurement and Diagnostics Market by Regions
6.8 Global Others Market by Regions

Chapter 7. Global Bluetooth 5.0 Market by Region

Chapter 8. Company Profiles
8.1 QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
8.1.1 Company overview
8.1.1 Financial analysis
8.1.2 Segmental and regional analysis
8.1.3 Research and development expenses
8.1.4 Recent strategies and developments: Product launches and product expansions: Acquisitions and mergers:
8.2 MediaTek, Inc.
8.2.1 Company overview
8.2.2 Financial analysis
8.2.3 Regional analysis
8.2.4 Research and development expenses
8.3Nordic Semiconductors ASA
8.3.1 Company overview
8.3.2 Financial analysis
8.3.3 Regional analysis
8.3.4 Research and development expenses
8.3.5 Recent strategies and developments: Partnerships, collaborations and agreements:
8.4 STMicroelectronics NV
8.4.1 Company overview
8.4.2 Financial analysis
8.4.3 Segmental and regional analysis
8.4.4 Research and development expenses
8.4.5 Recent strategies and developments: Product launches and product expansions: Acquisitions and mergers:
8.4.6 SWOT analysis
8.5Texas Instruments, Inc.
8.5.1 Company overview
8.5.2 Financial analysis
8.5.3 Segmental and regional analysis
8.5.4 Research and development expenses
8.5.5 SWOT analysis
8.6 Microchip Technology, Inc.
8.6.1 Company overview
8.6.2 Financial analysis
8.6.3 Segmental and regional analysis
8.6.4 Research and development expenses
8.7 NXP Semiconductors N.V
8.7.1 Company overview
8.7.2 Financial analysis
8.7.3 Regional analysis
8.7.4 Research and development expenses
8.7.5 Recent strategies and developments: Partnerships, collaborations and agreements: Product launches and product expansions: Acquisitions and mergers:
8.7.6 SWOT analysis
8.8 ON Semiconductor Corporation
8.8.1 Company overview
8.8.2 Financial analysis
8.8.3 Segmental and regional analysis
8.8.4 Research and development expenses
8.8.5 Recent strategies and developments: Acquisitions and mergers:
8.9 Synopsys, Inc.
8.9.1 Company overview
8.9.2 Financial analysis
8.9.3 Segmental and regional analysis
8.9.4 Research and development expenses
8.9.5 Recent strategies and developments: Partnerships, collaborations and agreements:
8.10. Qorvo, Inc.
8.10.1 Company overview
8.10.2 Financial analysis
8.10.3 Segmental and regional analysis
8.10.4 Research and development expenses
8.10.5 Recent strategies and developments: Acquisitions and mergers:

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