Bluetooth in Automotive Market Research Report - Global Forecast till 2027

Bluetooth in Automotive Market Research Report: Information by Application (Communication, Infotainment and Telematics), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), OEM Makers and Region (North America, Europe, Asia–Pacific and RoW) - Forecast till 2027

ID: MRFR/AM/0754-CR | July 2019 | Region: Global | 123 pages

Bluetooth in Automotive Market Overview


Bluetooth in the automotive market is estimated to register a CAGR of 15% during the forecast period.

Bluetooth is the most-trusted wireless connectivity in the world. Bluetooth technology helps to stream audio, transfer data, and broadcast information between devices. Besides, in the automotive industry, Bluetooth is also used to monitor, diagnose mechanical and electrical systems, which enhances the safety of the vehicle. 


In 2018, the global Bluetooth in the automotive market was led by Asia-Pacific followed by Europe and North America. The Asia-Pacific region is dominating the global market, owing to the large automobile base in countries such as China, Japan, and India.


North America region has witnessed moderate growth in the global Bluetooth in the automotive market during the forecast period due to the growing deployment of the in-vehicle infotainment system, especially in commercial vehicles across the US and Canada.


Segmentation


The global Bluetooth in the automotive market has been segmented based on application, vehicle type, OEM makers, and region.


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 with the inbuilt automobile infotainment system.


On the basis of vehicle type, the global Bluetooth in the automotive market has been divided into a passenger car, 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. In commercial vehicles, Bluetooth is used in fleet management functions that oversee, coordinate, and facilitate various transport and transport-related activities. This effectively helps in reducing and minimizing overall costs through maximum, cost-effective utilization of resources such as vehicles, fuel, spare parts. Hence, the adoption of Bluetooth is growing at a rapid pace in commercial vehicles, which in turn drives the market growth.


The key OEM makers in the global Bluetooth in the automotive market are Volkswagen, Toyota, General Motors, Ford, Honda, FCA, Nissan, and Volvo. The OEM makers comprise an extensive range of companies and organizations that are involved in the development, design, manufacturing, and marketing & selling of automobiles. Global automakers also focus on inventing new technology to improve safety and driving experience of customers by developing systems such as telematics, driver assistance systems, and vehicle infotainment systems.


Regional Analysis


On the basis of region, the global Bluetooth in the automotive market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).


Key Competitors


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


Global Bluetooth in Automotive Market, by Region, 2018  Bluetooth in Automotive Market


Source: MRFR Analysis


The rest of the world (RoW) consists of the Middle East & Africa and South America. The RoW region is projected to witness significant growth in the global Bluetooth in the automotive market during the forecast period due to the growing demand for luxurious vehicles, especially from the MEA region.


Synopsis


The global Bluetooth in the automotive market has been segmented based on application, vehicle type, and region. On the basis of vehicle type, the global Bluetooth in the automotive market has been segregated into a passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is expected to dominate the market due to growing production and sales of cars and SUVs in emerging countries such as China and India. Among the regions, in 2018, the global Bluetooth in the automotive market was led by Asia-Pacific following North America and Europe.


Market Segmentation



  • By Application: Communication, infotainment, and telematics

  • By Vehicle Type: Passenger car, light commercial vehicle, and heavy commercial vehicle

  • By OEM Makers


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (application/vehicle type) is driving market growth?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   34.0% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Vehicle Type, OEM Makers and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Texas Instruments Incorporated, QUALCOMM Incorporated, Cypress Semiconductor Corporation, Marvell Technology Group Ltd, Toshiba Corporation, Samsung Corporation, Semiconductor Corporation, Broadcom Corporation, Pioneer Corporation, and Silicon Laboratories
  Key Market Opportunities   The coverage and range limitation.
  Key Market Drivers   Growing at a rapid pace in commercial vehicles.


Frequently Asked Questions (FAQ) :


The market will calculate a CAGR of 34.0% for its grow in the future.

The global Bluetooth in the automotive market is mainly led by Asia-Pacific globally.

North America region is going to witness moderate growth in the global Bluetooth in the automotive market.

Application, vehicle type, OEM makers are the segments included in the study of the market.

Cypress Semiconductor Corporation, QUALCOMM Incorporated, Texas Instruments Incorporated, Marvell Technology Group Ltd are the key competitors of the market.