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.
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.
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.
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 |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Type, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Type, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 28: Asia Pacific Market Volume (Units) Forecast by Type, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 30: Asia Pacific Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 34: Middle East and Africa Market Volume (Units) Forecast by Type, 2017 to 2032
Table 35: Middle East and Africa Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032
Table 36: Middle East and Africa Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 16: Global Market Attractiveness by Type, 2022 to 2032
Figure 17: Global Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 34: North America Market Attractiveness by Type, 2022 to 2032
Figure 35: North America Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 70: Europe Market Attractiveness by Type, 2022 to 2032
Figure 71: Europe Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: Middle East and Africa Market Value (US$ Million) by Type, 2022 to 2032
Figure 92: Middle East and Africa Market Value (US$ Million) by Industry Vertical, 2022 to 2032
Figure 93: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 99: Middle East and Africa Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 100: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 101: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 102: Middle East and Africa Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032
Figure 103: Middle East and Africa Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032
Figure 104: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032
Figure 105: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032
Figure 106: Middle East and Africa Market Attractiveness by Type, 2022 to 2032
Figure 107: Middle East and Africa Market Attractiveness by Industry Vertical, 2022 to 2032
Figure 108: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
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.
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