Europe 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 Europe Bluetooth 5.0 Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
Bluetooth Low Energy was unable to be used by wireless headphones, forcing them to connect using the more power-hungry Bluetooth classic standard. All audio devices connect using Bluetooth Low Energy with Bluetooth 5.0, which results in less power consumption and longer battery life.
In the future, Bluetooth Low Energy will be able to connect a wide variety of devices. Notably, Bluetooth 5.0 is not supported by Apple's Air Pods. For a better connection, they use Bluetooth 4.2 and the unique Apple W1 chip. Bluetooth 5.0 on Android ought to encourage users to utilize Bluetooth headphones.
A fun new feature of Bluetooth 5.0 also makes it possible to simultaneously play audio on two linked devices. In other words, a user may attach two sets of wireless headphones with their phone and transmit audio simultaneously to both of them using regular Bluetooth. Alternately, the user could play sound through two speakers placed in different spaces. Two people could even listen to two distinct pieces of music while simultaneously streaming from the same phone two different audio streams to two separate audio devices.
Germany is the largest automobile market in Europe. With an annual R&D expenditure of €20 billion and over 3650 automotive patents, Germany is renowned as the center for automotive innovation. Germany is also home to several of the top auto component manufacturers in the world, including Bosch, Continental, ZF Friedrichshafen, and others. Being the biggest automotive sector propels the adoption of the better Bluetooth version for better sound quality in cars which drives the growth of the Bluetooth 5.0 market.
The Germany market dominated the Europe Bluetooth 5.0 Market by Country in 2021; thereby, achieving a market value of $490.3 million by 2028. The UK market is witnessing a CAGR of 9.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Bluetooth 5.0 Market will Hit $7.6 Billion by 2028, at a CAGR of 11.2%
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
- Rest of Europe
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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