Bluetooth IC Market: Global Industry Forecast (2022-2027) by Type, Application, Industry Vertical, and Region

Bluetooth IC Market size was valued at US$ 1.03 Bn. in 2021 and the total Bluetooth IC revenue is expected to grow at 18.2% through 2022 to 2027, reaching nearly US$ 2.80 Bn.

Bluetooth IC Market Overview:

Bluetooth IC is a low-energy integrated circuit (IC) device that uses a short wavelength to transmit and receive signals in the radio frequency range across small distances. These integrated circuits include unique algorithm software built in to provide low current consumption and speedy start-up without the need for microcontroller code. Bluetooth integrated circuits are utilized in consumer electronic devices such as smartphones, smartwatches, laptops, speakers, and headphones because Bluetooth sensors built in the ICs collect and communicate data with applications stored directly on Bluetooth-compatible devices. Bluetooth ICs are also applicable in printers, webcams, GPS systems, keyboards, and mouse because they are easily upgradeable and can connect across any obstacles. Further improvements in miniaturized IC technology for data and command transmission to peripheral devices indicated that the Bluetooth ICs market is expected to grow significantly over the forecast period. Bluetooth IC Market To know about the Research Methodology :- Request Free Sample Report In this report, the Bluetooth IC market's growth reasons, as well as the market's many segments (Type, Application, Industry Vertical, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Bluetooth IC market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Bluetooth IC market situation.

Bluetooth IC Market Dynamics:

The increase in demand for smart high-performance wireless sensors in Bluetooth ICs for better wireless connectivity in wireless audio devices such as speakers and headsets is the primary factor driving the Bluetooth ICs market growth. The increased adoption of Bluetooth ICs in smart wearable electronic devices such as smartphones, laptops, and smartwatches, as well as in automotive infotainment systems for low-cost wireless communication also enhances the Bluetooth ICs market revenue. The rise in financial investments by governments globally in IoT-based device technology and increased demand for this device in smart homes or smart city projects is expected to pave new opportunities for the Bluetooth ICs industry. Furthermore, technological advancements help manufacturers to integrate more functionality into smaller devices which fuels the demand for Bluetooth IC in a variety of applications such as healthcare, automotive, and others. Bluetooth low-energy IC is also used in automotive vehicles. Bluetooth IC communicates the authentic codes by using smartphones. A driver can activate interior or exterior lighting, adjust seat positions, and HVAC settings. Bluetooth IC devices also assist to provide vehicle diagnostic information such as tyre pressure, fuel level, battery health, and temperature, as well as automated piloted parking. However, the combination of Intellectual Property blocks for System-on-Chip design, the possibility of connection failure, the low bandwidth of Bluetooth in certain conditions, and the continuous development of wireless communication technology all hamper the development of the Bluetooth IC chip market.

Bluetooth IC Market Segment Analysis:

By Type, Bluetooth 4.0 segment offers some real advantages, making it easier to connect and share data between the user's mobile device and their PC. Fast device pairing, low latency communication, and low power consumption are the benefits of Bluetooth 4.0. If users connect to their PC through Bluetooth 4.0, their device's battery should not be depleted. Bluetooth 5. x segment is the most recent version of wireless communication technology. It is often used for Bluetooth headphones and other audio equipment. Bluetooth 5.0 devices may utilize data transmission speeds of up to 2 Mbps, which is double the speed of Bluetooth 4.2. By Application, the Beacon segment has become more popular owing to the high speed and increased range of the Bluetooth 5. X version. Bluetooth ICs allow beacons to communicate with mobile devices over a short range and give information about the location of the device. The multimedia transfer segment is expected to grow at the highest rate during the forecast period. Multimedia such as images, graphics, audio, electronic signals or video, and hypertext are transferred by using the Bluetooth version. By Industry Vertical, the Automotive segment is expected to grow at a CAGR of 11.2 % during the forecast period. Bluetooth ICs allow vehicles to interact with each other and with the outside environment. Based on the location of the respective phones, it is possible to identify where exactly the driver is. It also allows drivers to get real-time information about their surroundings while on the road. This can assist to increase safety while also reducing congestion. Furthermore, Bluetooth integrated circuits may be utilized to control numerous features in the automobile interior, such as air conditioning, mirror adjustments, and seat adjustment that results in a more enjoyable driving experience. Bluetooth IC Market

Bluetooth IC Market Regional Insights:

In North America, the Bluetooth IC market is predicted to grow at the fastest rate over the forecast period. The growing use of wireless devices, together with the implementation of smart buildings has fueled the Bluetooth IC market share in this region. The Asia Pacific is projected to grow at a rapid pace owing to the rising adoption of Bluetooth technology in various applications such as consumer electronics, retail, and transportation in this region. China, Japan, and South Korea have a key market for the Bluetooth IC market. Furthermore, the Governments and financial institutions investing in IoT system development also facilitate the Bluetooth IC market growth in this region over the forecast period. The objective of the report is to present a comprehensive analysis of the Bluetooth IC market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Bluetooth IC market dynamics, and structure by analyzing the market segments and projecting the Bluetooth IC market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Bluetooth IC market make the report investor’s guide.

Bluetooth IC Market Scope: Inquiry Before Buying

Global Bluetooth IC Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.03 Bn.
Forecast Period 2022 to 2027 CAGR: 18.2 % Market Size in 2027: US $ 2.80 Bn.
Segments Covered: by Type • Bluetooth 4.0 • Bluetooth 4. x • Bluetooth 5. x • Others
by Application • Cordless Desktop • Beacon • Human Interface devices • Automatic Synchronization • Multimedia Transfer • Others
by Industry Vertical • IT & Telecommunication • Residential • Aerospace & defense • Automotive • Industrial • Healthcare • Others

Bluetooth IC Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Bluetooth IC Market Key Players

• STMicroelectronics • Toshiba Corporation • Qualcomm Incorporated • Texas Instruments Incorporated • Nordic Semiconductor • Dialog Semiconductor • Cypress Semiconductor • Silicon Laboratories, Inc • Microchip Technology Inc • NXP Semiconductors NV • Realtek Semiconductor Corp • Asahi Kasei Microdevices Corporation • Renesas Electronics • Telink Semiconductor • Murata Manufacturing Co., Ltd • Amp'ed RF Wireless Technology • MediaTek Inc. • Maxim Integrated • Taiyo Yuden Co., Ltd. • Panasonic FAQs: 1. Which is the potential market for the Bluetooth IC in terms of the region? Ans. In the APAC region, the rising adoption of Bluetooth technology in various applications is expected to help drive the use of collaborative screens. 2. What is expected to drive the growth of the Bluetooth IC market in the forecast period? Ans. The increase in demand for smart high-performance wireless sensors in Bluetooth ICs for better wireless connectivity in wireless audio devices such as speakers and headsets is the primary factor driving the Bluetooth ICs market growth. 3. What is the projected market size & growth rate of the Bluetooth IC Market? Ans. Bluetooth IC Market size was valued at US$ 1.03 Bn. in 2021 and the total Bluetooth IC revenue is expected to grow at 18.2% through 2022 to 2027, reaching nearly US$ 2.80 Bn. 4. What segments are covered in the Bluetooth IC Market report? Ans. The segments covered are Type, Application, Industry Vertical, and Region.
1. Global Bluetooth IC Market: Research Methodology 2. Global Bluetooth IC Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Bluetooth IC Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Bluetooth IC Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Bluetooth IC Market Segmentation 4.1 Global Bluetooth IC Market, by Application (2022-2027) • Cordless Desktop • Beacon • Human Interface devices • Automatic Synchronization • Multimedia Transfer • Others 4.2 Global Bluetooth IC Market, by Type (2022-2027) • Bluetooth 4.0 • Bluetooth 4. x • Bluetooth 5. x • Others 4.3 Global Bluetooth IC Market, by Industry Vertical (2022-2027) • IT & Telecommunication • Residential • Aerospace & defense • Automotive • Industrial • Healthcare • Others 5. North America Bluetooth IC Market(2022-2027) 5.1 North America Bluetooth IC Market, by Application (2022-2027) • Cordless Desktop • Beacon • Human Interface devices • Automatic Synchronization • Multimedia Transfer • Others 5.2 North America Bluetooth IC Market, by Type (2022-2027) • Bluetooth 4.0 • Bluetooth 4. x • Bluetooth 5. x • Others 5.3 North America Bluetooth IC Market, by Industry Vertical (2022-2027) • IT & Telecommunication • Residential • Aerospace & defense • Automotive • Industrial • Healthcare • Others 5.4 North America Bluetooth IC Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Bluetooth IC Market (2022-2027) 6.1. European Bluetooth IC Market, by Application (2022-2027) 6.2. European Bluetooth IC Market, by Type (2022-2027) 6.3. European Bluetooth IC Market, by Industry Vertical (2022-2027) 6.4. European Bluetooth IC Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Bluetooth IC Market (2022-2027) 7.1. Asia Pacific Bluetooth IC Market, by Application (2022-2027) 7.2. Asia Pacific Bluetooth IC Market, by Type (2022-2027) 7.3. Asia Pacific Bluetooth IC Market, by Industry Vertical (2022-2027) 7.4. Asia Pacific Bluetooth IC Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Bluetooth IC Market (2022-2027) 8.1 Middle East and Africa Bluetooth IC Market, by Application (2022-2027) 8.2. Middle East and Africa Bluetooth IC Market, by Type (2022-2027) 8.3. Middle East and Africa Bluetooth IC Market, by Industry Vertical (2022-2027) 8.4. Middle East and Africa Bluetooth IC Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Bluetooth IC Market (2022-2027) 9.1. South America Bluetooth IC Market, by Application (2022-2027) 9.2. South America Bluetooth IC Market, by Type (2022-2027) 9.3. South America Bluetooth IC Market, by Industry Vertical (2022-2027) 9.4 South America Bluetooth IC Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 STMicroelectronics 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Toshiba Corporation 10.3 Qualcomm Incorporated 10.4 Texas Instruments Incorporated 10.5 Nordic Semiconductor 10.6 Dialog Semiconductor 10.7 Cypress Semiconductor 10.8 Silicon Laboratories, Inc 10.9 Microchip Technology Inc 10.10 NXP Semiconductors NV 10.11 Realtek Semiconductor Corp 10.12 Asahi Kasei Microdevices Corporation 10.13 Renesas Electronics 10.14 Telink Semiconductor 10.15 Murata Manufacturing Co., Ltd 10.16 Amp'ed RF Wireless Technology 10.17 MediaTek Inc. 10.18 Maxim Integrated 10.19 Taiyo Yuden Co., Ltd. 10.20 Panasonic

About This Report

Report ID 63119
Category Electronics
Published Date May 2020
Updated Date April 2022
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