Plug and Play Support to Favor Global Bluetooth in Automotive...

Plug and Play Support to Favor Global Bluetooth in Automotive Market Share

Posted 2021-05-24 15:01:46

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The integration of Bluetooth in vehicles for connecting to smart devices as well as promoting transfer of files as well as hands-free driving. Focus on new driving experiences and new safety laws are likely to lead to integration of the technology. The global Bluetooth in Automotive Market Share report by Market Research Future (MRFR) contains insights and applications to be used in vehicles for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are explored in high detail.

Market Scope

The global Bluetooth in the automotive market share is estimated to register a CAGR of 34.0% during the forecast period.

The use of Bluetooth technology for monitoring and diagnosis of vehicle systems as well as aid in transfer of pertinent data between devices are likely to drive market growth during the forecast period. Development of new wireless system architectures and rollout of supportive policies encouraging Bluetooth usage can fare well for the market. Automation of control tasks, rise of decentralization, and increasing number of monitoring and diagnostic tasks can influence the integration of Bluetooth in the automotive industry.

The emerging trend of autonomous and electric vehicles which use latest technologies for communication purposes and development of controller area networks (CAN) for hosting a range of application can fuel the global Bluetooth in automotive market. The increased data processing capability of sensors and actuators and developments in future controllers are likely to influence the market to a great extent.

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Segmentation

The global Bluetooth in Automotive Market Share has been segmented based on application, vehicle type, and OEM makers.

Based on application, the market has been segmented into communication, infotainment, and telematics. The infotainment segment is expected to grow at the highest CAGR during the forecast period due to increasing long-distance traveling and increasing uses of android phones which support inbuilt automobile infotainment systems. The system can display outputs in the form of audio or video depending on the technology.

On the basis of vehicle type, the global Bluetooth in Automotive Market Share has been divided into passenger cars, light commercial vehicle, and heavy commercial vehicles. The passenger car segment is projected to be dominant throughout the forecast period due to the growing demand for cars and SUVs with in-car entertainment systems such as hands-free audio streaming, calling, and application control. On the other hand, the heavy commercial vehicle segment is likely to command a higher share of the market owing to Bluetooth being used in fleet management for overseeing, coordination, and facilitating of various transport and transport-related activities. This effectively helps in reducing and minimizing overall costs through resources such as vehicles, fuel, and spare parts.

Regional Analysis

In 2018, the global Bluetooth in the automotive market growth was led by Asia Pacific (APAC) followed by Europe and North America. The APAC region is dominating the global market owing to the large automobile base in countries of China, Japan, and India. The large sales of commercial and passenger vehicles due to rise in living standards and expendable income levels of clients and customers can drive the market demand till 2025.

North America region has witnessed modest growth in the global Bluetooth in the automotive market growth

during the forecast period due to the growing deployment of the in-vehicle infotainment system especially in commercial vehicles across the U.S. and Canada.

Competitive Outlook

Semiconductor Corporation, Silicon Laboratories, Broadcom Corporation, Pioneer Corporation, Cypress Semiconductor Corporation, Samsung Corporation, Marvell Technology Group Ltd, QUALCOMM Incorporated, Toshiba Corporation, and Texas Instruments Incorporated are key players of the global Bluetooth in automotive market.

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Key Questions Addressed by the Report

What was the historic market size?
Which segmentation (Product/ Capacity) is driving market?
What will be the growth rate?
How are the key players in this market?
What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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