Bluetooth in Automotive Global Market Prognosticated To Accrue With A Whooping CAGR by 2027; Asserts MRFR

Pune, India, January 15, 2018/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Bluetooth in Automotive Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Nordic Semiconductor, Texas instruments, QUALCOMM Incorporated, Broadcom Corporation, MediaTek Inc, Pioneer Corporation, Fihonest Communication Co., Ltd, Hosiden Corporation, Silicon Laboratories, IVT Corporation and others and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Bluetooth in Automotive Market.

Bluetooth in Automotive Global Market – Overview

The Global Bluetooth in Automotive Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Bluetooth in Automotive will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).  

Bluetooth is wireless communication standard, which allows electronic devices to connect and interact with each other. It can be found in a range of gadgets such as smartphones, loudspeakers, laptops and cars. The automotive industry is a steadily growing market for Bluetooth technology. Devices that are Bluetooth compatible should be in close proximity to each other and they can take part in wireless, two way communication. Bluetooth in automotive allows users to access their cell phones through the in car infotainment system. Evidently, in recent years, global major automakers are offering Bluetooth as a factory installed feature. The use of Bluetooth technology is rapidly increasing in the automotive industry. Bluetooth offers automobile manufacturers with a cost effective and versatile form of wireless connectivity. Bluetooth provides a short range wireless interface that helps other Bluetooth enabled devices to connect to each other and establish a network.    

The global Bluetooth in automotive market has witnessed a remarkable growth over the past few years. Bluetooth in automotive market is driven by various factors such as the growing demand for smartphone feature in cars and the ability to carry out vehicle diagnostics. Furthermore, Bluetooth in automotive acts as a bridge between the automotive and the telecommunication industry. However, the coverage and range limitation of Bluetooth coupled with its slow data transfer is a major restraint in the market. Poor security offered by Bluetooth technology also acts as a hindrance to the wide spread implementation of Bluetooth.

The automobile industry is rapidly emerging as a technology oriented industry from being a source of transport solution. Modern automobile technological features help us be connected with our homes, families, work and friends through advancing technologies. Smart and interactive technologies such as Bluetooth, have transformed the automobile industry. With the global increase in the use of smartphones, customers are increasingly looking for connectivity with the outside world even while driving. With Bluetooth in cars and other vehicles, smart phone entertainment can be enjoyed on the go. Bluetooth enables the usage of features such as hands-free calling, and listening to music & other things while driving.

Since smartphones have increasingly become a hub of consumer’s lives, automobile Bluetooth enables them to do much more than talk or listen to music. Modern Bluetooth in automobiles enable drivers and passengers to navigate, check traffic, view latest weather reports, look for information, and perform several other tasks that can improve the driving experience.

Bluetooth technology is very useful in transferring data between devices over a very short range where speed is not an issue. The technology is best suited for low bandwidth applications such as transferring files and exchanging information and is not suited for carrying heavy loads. Bluetooth with increased range and transfer speed, is still under development and is away from reaching the commercial market. This has huge influence on wide scale implementation of Bluetooth and acts as a restraint in the market.

Industry/ Innovation/ Related News: June, 2016 - Nordic Semiconductor announced the immediate availability of the nRF51824 Bluetooth low energy (formerly Bluetooth Smart) SoC for the latest connected car intelligent automotive applications and wireless in-car charging. The nRF51824 is qualified to the automotive AEC-Q100 stress test qualification for integrated circuits, and delivers the same flexible feature range and performance as Nordic’s highly successful and field-proven nRF51822 Bluetooth low energy SoC (256kB Flash and 16kB RAM variant) upon which the nRF51824 is based.

January, 2017– Texas Instruments announced two new devices in its scalable SimpleLink Bluetooth low energy wireless microcontroller (MCU) family. The new devices continue to feature advanced integration including a complete single-chip hardware and unified software solution with an ARM® Cortex®-M3 based MCU, automatic power management, highly flexible full-featured Bluetooth-compliant radio and a low-power sensor controller

April, 2014 - Texas Instruments announced the SimpleLink Bluetooth low energy CC2541-Q1, a highly-integrated wireless microcontroller (MCU) that delivers low power, low cost, and simplified automotive connectivity to emerging smartphone-controlled and wire-replacement applications. The CC2541-Q1 leverages the success of TI's broad-market Bluetooth Smart solution and automotive connectivity offerings for combo Wi-Fi, Bluetooth and GNSS and dual-mode Bluetooth.

January, 2018 - Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies International, Ltd., introduced the new Qualcomm Low Power Bluetooth SoC QCC5100 series that is designed to help manufacturers develop a new generation of compact, feature-rich, wireless earbuds, hearables and headsets. To help meet consumer demand for superior audio quality as well as extended battery life and playback time in wireless audio devices, the breakthrough SoC series is engineered to reduce power consumption by up to 65 percent for both voice calls and music streaming, compared to previous single-chip Bluetooth audio solutions

Get Report Details @ https://www.marketresearchfuture.com/reports/bluetooth-in-automotive-market-1262

Bluetooth in Automotive Market – Segmentation

The Global Bluetooth in Automotive Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Connectivity: Comprises Bluetooth, WI-Fi and Cellular.

Segmentation by Application: Comprises Telematics, Infotainment and Communication

Segmentation by Vehicle Type: Comprises Private Cars, Commercial Vehicles, Light duty vehicles and Heavy Goods Vehicles (HGV)

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Bluetooth in Automotive Market:

Regional Analysis

Geographically, Asia-Pacific is the major revenue generator as well as consumer of bluetooth in automotive market. The major factor that has propelled the APAC growth is vast number of vehicles in China and India, growing number of domestic as well as global players and emerging economies. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which is likely to raise the production of motor vehicles and other manufacturing output, considerably. On the one hand, Europe and the U.S. will post strong growth owing to rampant technological development and heavy investment in the research and development.