LAMEA Bluetooth 5.0 Market

LAMEA 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

Report Id: KBV-11199 Publication Date: September-2022 Number of Pages: 116
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Market Report Description

The Latin America, Middle East and Africa Bluetooth 5.0 Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).

Numerous Bluetooth services can reveal confidential information or provide a connecting party control of the Bluetooth device. It is required to identify particular devices for security reasons, enabling control over which gadgets can connect to a specific Bluetooth device. At the same time, Bluetooth devices should be able to connect on their own without human assistance.

The relationship is created through a procedure called pairing, and Bluetooth uses this bond to resolve the issue. While connected to a service where (for the first time) the identification of a device is necessary for security reasons, the pairing procedure is either automatically triggered or triggered by a special request from a user to create a bond.

Bluetooth 5.0 enables stereo pairing of Bluetooth speakers with dedicated left and right channels while only playing music from one source. Even interference at the 2.4GHz and nearby LTE band edges can be detected and automatically avoided by Bluetooth 5.0. Any wireless device should be able to play music more clearly as a result.

Smart governance is expected to spread internationally through eGovernment in the upcoming months. The majority of portable devices use Bluetooth technology since it enables wireless connectivity. The software tracks users who are close to confirmed COVID-19 incidents using Bluetooth technology. Dubai has one of the finest logistics facilities. Its strategic and geographical location makes it a natural business crossing point between East and West and has long been a vital component of trade routes. The growing logistics infrastructure in Dubai also surges the growth and adoption in the Bluetooth markets as it is utilized for various communication purposes.

The Brazil market dominated the LAMEA Bluetooth 5.0 Market by Country in 2021; thereby, achieving a market value of $140.7 million by 2028. The Argentina market is exhibiting a CAGR of 15.4% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 14.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Bluetooth 5.0 Market is Predict to reach $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:

By Component

  • Hardware
  • Software
  • Services

By Application

  • Audio Streaming
  • Data Transfer
  • Location Services
  • Device Networks

By End User

  • Retail & Logistics
  • Smart Home/Building
  • Consumer Electronics
  • Automotive
  • Wearables
  • Healthcare
  • Industrial Measurements & Diagnostics
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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