Global Bluetooth IC Market growing at a CAGR of 14.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023
Key Market Overview
According to a recent report by Consegic Business Intelligence, the Bluetooth IC market is poised for strong expansion and is expected to reach USD 21,540.92 Million by 2030. The market, which was valued at USD 7,320.11 Million in 2022, is predicted to grow at a compound annual growth rate of 14.7% during the period 2023-2030.
The report highlights the increasing demand for Bluetooth IC due to rising demand for advanced Bluetooth technology for data transmission. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Bluetooth IC market.
Global Bluetooth IC Market By Overview
Consegic Business Intelligence Pvt. Ltd. provided an inclusive research report on the Bluetooth IC market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The report analyses significant segments such as type, Bluetooth type, application, and end user, and region, to identify emerging trends and potential opportunities. The application segment is expected to grow owing to increasing demand for Bluetooth technology for audio devices, wearable devices, home appliances, and other applications. By leveraging this information, market players have the opportunity to improve their competitive edge against other manufacturers by engaging in strategic collaborations, mergers, and acquisitions, and introducing innovative products to strengthen their market position.
Get Free SampleMarket Dynamics
Driver:
- Growing technological advancements for fast data transmission and low power consumption.
- Increasing adoption of advanced Bluetooth technology for automotive and industrial applications is accelerating the growth of the Bluetooth IC market.
Restraints:
- Rising security concern for data privacy is hindering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Bluetooth Baseband Controller, Bluetooth RF Transceiver, Bluetooth Audio Controller, Bluetooth Power Controller, and Others |
| By Bluetooth Type | Bluetooth 4.0, Bluetooth 4.2, Bluetooth 5.0, and Others |
| By Application | Audio Devices, Human Interface Devices, Beacon, Wireless Consumer Electronics, Others |
| By End User | Consumer Electronics, Automotive, IT and Telecommunication, Healthcare, Aerospace and Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Texas Instruments Incorporated, Nordic Semiconductor, STMicroelectronics, Toshiba Corporation, Qualcomm Incorporated, NXP Semiconductors NV, Panasonic, Realtek Semiconductor Corp, Renesas Electronics, Telink Semiconductor, Silicon Laboratories, Inc., Microchip Technology Inc, Asahi Kasei Microdevices Corporation, Murata Manufacturing Co., Ltd, MediaTek Inc., Maxim Integrated, Taiyo Yuden Co., Ltd., Semiconductor Components Industries, LLC have a strong market position in current market circumstances. Further, the Bluetooth IC market is expected to witness significant growth in coming years due to increasing technological developments in Bluetooth technology. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in Bluetooth IC are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Texas Instruments Incorporated
- Nordic Semiconductor
- STMicroelectronics
- Toshiba Corporation
- Qualcomm Incorporated
- NXP Semiconductors NV
- Panasonic
- Realtek Semiconductor Corp
- Renesas Electronics
- Telink Semiconductor
- Silicon Laboratories, Inc
- Microchip Technology Inc
- Asahi Kasei Microdevices Corporation
- Murata Manufacturing Co., Ltd
- MediaTek Inc.
- Maxim Integrated
- Taiyo Yuden Co., Ltd.
- Semiconductor Components Industries, LLC