The global industrial Bluetooth market is expected to be worth $3,665.0 million by the end of 2022. During the forecast period of 2022 to 2032, the market is expected to grow at an 8.4% CAGR, with a closing value of US$ 8,231.0 Million. During the historical period 2016-2021, the industry grew at a 7.8% CAGR.
Wireless Bluetooth technology has found its way in industrial sector, as well, due to its increasing applications and, the advanced features and advantages associated with it. Industrial Bluetooth eliminates the complexities associated with conventional communication techniques and enables to provide efficient communication.
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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.
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.
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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.
Key Segments Covered in the Industrial Bluetooth Industry Survey
Industrial Bluetooth Market by Type:
- Single-Mode Module Industrial Bluetooth
- Dual-Mode Module Industrial Bluetooth
Industrial Bluetooth Market by Industry Vertical:
- Industrial Bluetooth for Oil and Gas
- Industrial Bluetooth for Mining
- Industrial Bluetooth for Power Generation
- Industrial Bluetooth for Water and Wastewater Treatment
- Industrial Bluetooth for Other Industry Verticals
Industrial Bluetooth Market by Region:
- North America Industrial Bluetooth Market
- Latin America Industrial Bluetooth Market
- Europe Industrial Bluetooth Market
- Asia Pacific Industrial Bluetooth Market
- Middle East & Africa Industrial Bluetooth Market
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