Bluetooth in Automotive Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Bluetooth in Automotive Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Bluetooth in the Automotive Market

The Bluetooth in Automotive market size was valued at USD 15.33 billion in 2019, and the market is now projected to grow from USD 15.33 billion in 2019 to USD 30.8 billion by 2032, exhibiting a CAGR of 6% during the forecast period of 2023-2030.

The COVID-19 pandemic has had a rapid and severe impact on the Bluetooth in Automotive market growth. The big disruption of Chinese elements exports, the interruption of mass manufacturing at some stage in regions, and the closure of assembly plants have positioned wonderful stress on industries that have answered to the decline in an international call for and may result in a growth in collaboration amongst various gamers in addition to ahead integration to enhance the market proportion. Also, this market is inevitable as the marketplace is normally pushed by the growing sales and production of vehicles. Owing to the prolonged length of lockdowns and the ultimate of manufacturing units, the manufacturing and income of cars experienced a pointy decline in various regions of the sector. However, the marketplace is predicted to sign in an optimistic boom in the course of the forecast duration as the car groups are strongly running at the development and deployment of Bluetooth systems for their upcoming automobile fashions.

Bluetooth in the Automotive market share within the global automobile market is very dynamic and is anticipated to reveal a widespread increase in the course of the forecast duration. The improvement of this market is, in particular, suffering from the growth in demand for smartphone functions from cars and other motors. In addition, the use of this generation makes car diagnostic evaluation viable, thereby improving the automobile's protection. Automotive Bluetooth acts as a connection between the automotive and the telecommunication enterprise. The synchronisation of smartphones and infotainment structures consisting of Apple CarPlay, Spotify, and Android Auto is anticipated to grow the demand for Bluetooth in automotive. Therefore, an increased quantity of manufacturers is integrating this era in motors to fulfil the increasing demand and preserve their function inside the marketplace.

Additionally, the automobile industry is going through a final revolution as connectivity, electrification, and independent riding has emerged as an important part of vehicles. Automobiles are evolving from being merely a transportation medium to presenting an in-vehicle revel in. Although many comfort and convenience capabilities have been provided, today's trends within the car system offer cushy and best-tuned settings to its occupants. The extended expectancies of the clients to get entry to their cars from their smartphones and personalise their overall in-car revel is insisting the automakers install Bluetooth in their car models.

Comprehensive Analysis of Bluetooth in Automotive Market

The market is segmented via utility type, sales channel kind, and automobile type. By application type, the infotainment section holds the most important market proportion, pushed with the aid of the increasing integration of advanced infotainment systems in automobiles, which provide information and enjoyment through features like Bluetooth, touchscreens, and voice commands. By sales channel kind, the OEM segment dominates as leading global manufacturers like Ford, Volvo, GM, and Toyota attention on developing innovative structures, which include telematics, driver assistance, and infotainment technologies to decorate safety and use experience. By car kind, the passenger car section leads the market due to higher production fees and developing client calls for in-car leisure structures, inclusive of fingers-loose calling, audio streaming, and app management.

The market size in Asia Pacific stood at USD 7.76 billion in 2019. The region holds dominance inside the worldwide market due to excessive sales and production of motors and the speedy adoption of superior technology in motors, particularly in international locations along with China, Japan, and India. Automobile agencies are focusing on expanding production by way of adopting numerous leisure and connectivity eras in manufacturing plant life in place.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include Panasonic Corporation (Japan), Harman International (United Kingdom), Cypress Semiconductor Corporation (United States), Intel Technologies (United States), LG Electronics Inc. (South Korea), Qualcomm Technologies, Inc. (United States), Samsung Electronics Co Ltd. (South Korea), Sony Corporation (Japan) and Texas Instruments Incorporated (United States); these market players provide a level-playing competitive landscape.

In May 2019, Panasonic Automotive brought a new friction-free connectivity answer. Panasonic Corporation, a main international dealer of car infotainment and connectivity device answers, tested its new frictionless connectivity answer, which is a more secure way to automatically pair cellular devices with cars.

Segmentation Table

Global Bluetooth in Automotive Market Scope

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Growth Rate CAGR of 6% from 2024-2032

Historical Period 2016-2018

Unit Value (USD Billion)

Segmentation By application Type, sales channel type, vehicle type, and Region

By application Type

Communication

Infotainment

Telematics

By sales channel type

OEM

Aftermarket

By vehicle type

Passenger Cars

Commercial Vehicles

By Region

North America

Europe

Asia-Pacific (Japan, China, India, and Rest of AsiaPacific)

Rest of the World