Asia Pacific Bluetooth 5.0 Market Size, Share & Industry Trends Analysis Report By Component, By Application (Audio Streaming, Data Transfer, Location Services and Device Networks), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Bluetooth 5.0 Market would witness market growth of 11.7% CAGR during the forecast period (2022-2028).
Bluetooth 5.0 is twice as quick, has a four times greater range, and can transport eight times as much data as Bluetooth 4.2 Low Energy. The bandwidth required for hard statistics is 2Mbps. This translates into quick and dependable over-the-air connectivity in real life, which speeds up firmware upgrades and data uploads.
User wireless speakers and headphones should function significantly farther from the sound source than with Bluetooth 4.2 Low Energy due to the higher range of about 800 feet. However, it's still a significant boost and enables whole-home connectivity for Internet of Things devices like smart fridges, security cameras, smart thermostats, and more. In practice, walls and other obstructions will somewhat reduce those figures.
Additionally, the SIG claims that it paves the way for "richer connectionless, beacon-based Wireless solutions" due to its more effective utilization of the broadcasting channels on the 2.4GHz band. In other words, wherever users go—from sports stadiums to shopping malls—expect better wireless connectivity. Dual Audio, which originally appeared in Bluetooth 5.0, allows users to connect multiple wireless headphone pairs to a single sound source over Bluetooth.
The conviction that China must become a technological power, particularly in new technologies that the nation considers strategically important, underpins its ambition to be a leader in IoT development. Chinese leaders designated the Internet of Things (IoT) as a prioritized development area in 2009 due to the potential impact it could have on the world economy. The increasing IoT in this region also propels the growth of the Bluetooth 5.0 market.
The China market dominated the Asia Pacific Bluetooth 5.0 Market by Country in 2021; thereby, achieving a market value of $614.9 million by 2028. The Japan market would showcase a CAGR of 11% during (2022 - 2028). Additionally, The India market is exhibiting a CAGR of 12.4% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Audio Streaming, Data Transfer, Location Services and Device Networks. Based on End User, the market is segmented into Retail & Logistics, Smart Home/Building, Consumer Electronics, Automotive, Wearables, Healthcare, Industrial Measurements & Diagnostics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Qualcomm Technologies, Inc., Nordic Semiconductor ASA, MediaTek, Inc., STMicroelectronics N.V., NXP Semiconductors N.V., Microchip Technology, Inc., ON Semiconductor Corporation, Texas Instruments, Inc., Synopsys, Inc. and Qorvo, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Audio Streaming
- Data Transfer
- Location Services
- Device Networks
By End User
- Retail & Logistics
- Smart Home/Building
- Consumer Electronics
- Industrial Measurements & Diagnostics
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Qualcomm Technologies, Inc.
- Nordic Semiconductor ASA
- MediaTek, Inc.
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Microchip Technology, Inc.
- ON Semiconductor Corporation
- Texas Instruments, Inc.
- Synopsys, Inc.
- Qorvo, Inc.
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