The Bluetooth 5.0 Global Market Report 2023, provides comprehensive information on the bluetooth 5.0 market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global Bluetooth 5.0 market size is expected to grow from $3.96 billion in 2022 to $4.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.86%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global Bluetooth 5.0 market size is expected to reach $7.00 billion in 2027 at a CAGR of 12.15%.
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Technological advancements are a key trend gaining popularity in the Bluetooth 5.0 market. Major companies operating in the Bluetooth 5.0 market are developing innovative technologies to sustain their position in the market. For instance, in 2021, Cassia Networks launched the X2000 Bluetooth gateway, which provides secure, long-range, multiple-device connectivity for enterprise-grade IoT. This indoor/outdoor gateway provides seamless Bluetooth locations and coverage for Industry 4.0 and provides long-range connectivity up to 1km with Bluetooth 5 in open space.
The bluetooth 5.0 market is segmented:
1) By Component: Hardware, Solutions, Software Development Kit, Protocol Stacks, Services
2) By Application: Audio Streaming, Data Transfer, Location Services, Device Networks
3) By End-User: Consumer Electronics, Automotive, Healthcare, Industrial Automation, Other End Users
North America was the largest region in the bluetooth 5.0 market in 2022.
The table of contents in TBRC’s bluetooth 5.0 market report includes:
- Executive Summary
- Bluetooth 5.0 Market Characteristics
- Bluetooth 5.0 Market Trends And Strategies
- Bluetooth 5.0 Market – Macro Economic Scenario
- Bluetooth 5.0 Market Size And Growth
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- Africa Bluetooth 5.0 Market
- Bluetooth 5.0 Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Bluetooth 5.0 Market
- Bluetooth 5.0 Market Future Outlook and Potential Analysis
- Appendix
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