By the end of 2022, the market for industrial Bluetooth is projected to be worth US$ 3,665.0 Million. A CAGR of 8.4% has been predicted for the market during the forecast period of 2022 to 2032, with a predicted closing value of US$ 8,231.0 Million. The industry expanded at a value CAGR of 7.8% over the historical period of 2016–2021.
Industrial Bluetooth is the adoption of wireless Bluetooth technology to satisfy industrial requirements of reliability, robustness and seamless co-located and coexistent operation with Wireless LAN networks. Continuous innovations has further led to the introduction of AFH (Adaptive Frequency Hopping) for reducing the interference between Bluetooth and Wireless LAN, and BLE (Bluetooth low energy) for enabling low volume data transmissions, in low power wireless devices, at regular intervals. The adoption of Bluetooth technology is further expected to increase the development of Bluetooth-enabled devices.
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Industrial Bluetooth can be effectively used in conjunction with sensors, actuators, meters etc. for eliminating the use of cables and enabling an efficient wireless interconnection. Additionally, the technology has major applications in industrial automation sector and has witnessed a high adoption in the same.
Industrial Bluetooth Market: Drivers and Challenges
An increasing demand for a wireless network, globally, for eliminating the complexities and the cost associated with cables is the primary factor driving the growth of Industrial Bluetooth Market. In addition to this, the advantages of Bluetooth technology such as enhanced reliability and robustness, enhanced integration with devices, greater mobility and flexibility, easy installation, efficient communication, reduced wiring costs, labor costs and reduced interference are also expected to increase the demand of Industrial Bluetooth technology, which as a result drives the growth of Industrial Bluetooth Market. Furthermore, the low cost associated with Bluetooth technology is also a major driver for global Industrial Bluetooth market.
The primary factor hampering the growth of Industrial Bluetooth is the limited range of Bluetooth technology. The range eliminates the adoption of the technology at industries which surpasses the threshold range of Bluetooth technology and which has comparatively long range applications. This factor is expected to be the primary restraint for the global Industrial Bluetooth market.
Industrial Bluetooth Market: Key Players
Some of the key players of Industrial Bluetooth market are Intel Corporation, Texas Instruments Incorporated, Cypress Semiconductor Corporation, NORDIC SEMICONDUCTOR, Dialog Semiconductor, Microchip Technology Inc., STMicroelectronics and Advantech Co., Ltd.
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Industrial Bluetooth Market: Regional Overview
By geography, Industrial Bluetooth market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, North America is expected to dominate the global Industrial Bluetooth Market during the forecast period, owing to the presence of high volume of industries and increasing adoption of wireless technologies in the region. Asia Pacific’s market is expected to grow at the fastest rate and overtake North America and emerge as the largest region in terms of revenue because of the presence of various tier 1 manufacturers and the high demand for adopting wireless technologies in developing countries in the region.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
Regional analysis includes:
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Industrial Bluetooth Market: Segmentation
Global Industrial Bluetooth Market can be segmented on the basis of Type and Industry Vertical
On the basis of Type, Industrial Bluetooth Market can be segmented as:
Single-mode module Dual-mode module
On the basis of Industry Vertical, Industrial Bluetooth Market can be segmented as:
Oil and Gas Mining Power Water and Wastewater Others
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