The North America Bluetooth 5.0 Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
The most recent Bluetooth wireless communication protocol is Bluetooth 5.0. It is frequently used for wireless keyboards, speakers, mice, trackers, headphones, and other audio gear, as well as wireless keyboards, mice, and game controllers. Bluetooth is also utilized for Internet of Things (IoT) and smart home device connectivity. A new Bluetooth standard brings about several benefits, but only when utilized with compatible peripherals. In other words, if all of the user's Bluetooth devices were made for an earlier version of Bluetooth, upgrading to a phone with Bluetooth 5.0 won't provide any immediate benefits.
However, since Bluetooth is fully compatible, a Bluetooth 5.0 phone can still be used with Bluetooth 4.2 and earlier devices. Additionally, due to the user's Bluetooth 5.0 phone, new Bluetooth 5.0 accessories will perform better when purchased. It's important to note that all Bluetooth advancements are being made to the Bluetooth Low Energy protocol, which was first introduced with Bluetooth 4.0, rather than the older, more powerful Bluetooth radio.
The purpose of Bluetooth Low Energy is to make Bluetooth accessories use less energy. Although it had several severe limitations, it was first utilized for wearables, Bluetooth trackers, beacons, and other low-power devices.
New mobile statistics from ComScore, which were released in April, showed that smartphones are still on the rise and are now the most popular mobile platform worldwide, with approximately 77% penetration in the US. Despite giving installation or unit commanders the final says on the new policy, Acting Secretary of the Army Patrick J. Murphy issued a directive allowing Soldiers to use a range of gadgets and earpieces to listen to music while engaging in personal physical activity inside of gyms. The growing need for headphones and increases adoption of the mobiles phones in the military propels the growth of the Bluetooth market.
The US market dominated the North America Bluetooth 5.0 Market by Country in 2021; thereby, achieving a market value of $2,000.8 million by 2028. The Canada market is experiencing a CAGR of 13.2% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 12.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bluetooth 5.0 Market is Estimated 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
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Bluetooth 5.0 Market, by Component
1.4.2 North America Bluetooth 5.0 Market, by Application
1.4.3 North America Bluetooth 5.0 Market, by End User
1.4.4 North America Bluetooth 5.0 Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Mar – 2023, Apr) Leading Players
Chapter 4. North America Bluetooth 5.0 Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Bluetooth 5.0 Market by Application
5.1 North America Audio Streaming Market by Country
5.2 North America Data Transfer Market by Country
5.3 North America Location Services Market by Country
5.4 North America Device Networks Market by Country
Chapter 6. North America Bluetooth 5.0 Market by End User
6.1 North America Retail & Logistics Market by Country
6.2 North America Smart Home/Building Market by Country
6.3 North America Consumer Electronics Market by Country
6.4 North America Automotive Market by Country
6.5 North America Wearables Market by Country
6.6 North America Healthcare Market by Country
6.7 North America Industrial Measurements & Diagnostics Market by Country
6.8 North America Others Market by Country
Chapter 7. North America Bluetooth 5.0 Market by Country
7.1 US Bluetooth 5.0 Market
7.1.1 US Bluetooth 5.0 Market by Component
7.1.2 US Bluetooth 5.0 Market by Application
7.1.3 US Bluetooth 5.0 Market by End User
7.2 Canada Bluetooth 5.0 Market
7.2.1 Canada Bluetooth 5.0 Market by Component
7.2.2 Canada Bluetooth 5.0 Market by Application
7.2.3 Canada Bluetooth 5.0 Market by End User
7.3 Mexico Bluetooth 5.0 Market
7.3.1 Mexico Bluetooth 5.0 Market by Component
7.3.2 Mexico Bluetooth 5.0 Market by Application
7.3.3 Mexico Bluetooth 5.0 Market by End User
7.4 Rest of North America Bluetooth 5.0 Market
7.4.1 Rest of North America Bluetooth 5.0 Market by Component
7.4.2 Rest of North America Bluetooth 5.0 Market by Application
7.4.3 Rest of North America Bluetooth 5.0 Market by End User
Chapter 8. Company Profiles
8.1 QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.2 MediaTek, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.3 Nordic Semiconductors ASA
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 STMicroelectronics N.V.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Texas Instruments, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Microchip Technology, Inc.
8.6.1 Company overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.7 NXP Semiconductors N.V.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 ON Semiconductor Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.9 Synopsys, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Qorvo, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:
TABLE 1 North America Bluetooth 5.0 Market, 2018 - 2021, USD Million
TABLE 2 North America Bluetooth 5.0 Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Bluetooth 5.0 Market
TABLE 4 Product Launches And Product Expansions – Bluetooth 5.0 Market
TABLE 5 Acquisition and Mergers – Bluetooth 5.0 Market
TABLE 6 North America Bluetooth 5.0 Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Bluetooth 5.0 Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Bluetooth 5.0 Market by Application, 2018 - 2021, USD Million
TABLE 15 North America Bluetooth 5.0 Market by Application, 2022 - 2028, USD Million
TABLE 16 North America Audio Streaming Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Audio Streaming Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Data Transfer Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Data Transfer Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Location Services Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Location Services Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Device Networks Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Device Networks Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Bluetooth 5.0 Market by End User, 2018 - 2021, USD Million
TABLE 25 North America Bluetooth 5.0 Market by End User, 2022 - 2028, USD Million
TABLE 26 North America Retail & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Retail & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Smart Home/Building Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Smart Home/Building Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Wearables Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Wearables Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Industrial Measurements & Diagnostics Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Industrial Measurements & Diagnostics Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Bluetooth 5.0 Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Bluetooth 5.0 Market by Country, 2022 - 2028, USD Million
TABLE 44 US Bluetooth 5.0 Market, 2018 - 2021, USD Million
TABLE 45 US Bluetooth 5.0 Market, 2022 - 2028, USD Million
TABLE 46 US Bluetooth 5.0 Market by Component, 2018 - 2021, USD Million
TABLE 47 US Bluetooth 5.0 Market by Component, 2022 - 2028, USD Million
TABLE 48 US Bluetooth 5.0 Market by Application, 2018 - 2021, USD Million
TABLE 49 US Bluetooth 5.0 Market by Application, 2022 - 2028, USD Million
TABLE 50 US Bluetooth 5.0 Market by End User, 2018 - 2021, USD Million
TABLE 51 US Bluetooth 5.0 Market by End User, 2022 - 2028, USD Million
TABLE 52 Canada Bluetooth 5.0 Market, 2018 - 2021, USD Million
TABLE 53 Canada Bluetooth 5.0 Market, 2022 - 2028, USD Million
TABLE 54 Canada Bluetooth 5.0 Market by Component, 2018 - 2021, USD Million
TABLE 55 Canada Bluetooth 5.0 Market by Component, 2022 - 2028, USD Million
TABLE 56 Canada Bluetooth 5.0 Market by Application, 2018 - 2021, USD Million
TABLE 57 Canada Bluetooth 5.0 Market by Application, 2022 - 2028, USD Million
TABLE 58 Canada Bluetooth 5.0 Market by End User, 2018 - 2021, USD Million
TABLE 59 Canada Bluetooth 5.0 Market by End User, 2022 - 2028, USD Million
TABLE 60 Mexico Bluetooth 5.0 Market, 2018 - 2021, USD Million
TABLE 61 Mexico Bluetooth 5.0 Market, 2022 - 2028, USD Million
TABLE 62 Mexico Bluetooth 5.0 Market by Component, 2018 - 2021, USD Million
TABLE 63 Mexico Bluetooth 5.0 Market by Component, 2022 - 2028, USD Million
TABLE 64 Mexico Bluetooth 5.0 Market by Application, 2018 - 2021, USD Million
TABLE 65 Mexico Bluetooth 5.0 Market by Application, 2022 - 2028, USD Million
TABLE 66 Mexico Bluetooth 5.0 Market by End User, 2018 - 2021, USD Million
TABLE 67 Mexico Bluetooth 5.0 Market by End User, 2022 - 2028, USD Million
TABLE 68 Rest of North America Bluetooth 5.0 Market, 2018 - 2021, USD Million
TABLE 69 Rest of North America Bluetooth 5.0 Market, 2022 - 2028, USD Million
TABLE 70 Rest of North America Bluetooth 5.0 Market by Component, 2018 - 2021, USD Million
TABLE 71 Rest of North America Bluetooth 5.0 Market by Component, 2022 - 2028, USD Million
TABLE 72 Rest of North America Bluetooth 5.0 Market by Application, 2018 - 2021, USD Million
TABLE 73 Rest of North America Bluetooth 5.0 Market by Application, 2022 - 2028, USD Million
TABLE 74 Rest of North America Bluetooth 5.0 Market by End User, 2018 - 2021, USD Million
TABLE 75 Rest of North America Bluetooth 5.0 Market by End User, 2022 - 2028, USD Million
TABLE 76 Key Information – QUALCOMM Incorporated
TABLE 77 Key Information – MediaTek, Inc.
TABLE 78 Key information – Nordic Semiconductors ASA
TABLE 79 Key Information – STMicroelectronics N.V.
TABLE 80 Key Information – Texas Instruments, Inc.
TABLE 81 Key Information – Microchip Technology, Inc.
TABLE 82 Key Information – NXP Semiconductors N.V.
TABLE 83 Key Information – ON Semiconductor Corporation
TABLE 84 key information – Synopsys, Inc.
TABLE 85 Key Information – Qorvo, Inc
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Mar – 2023, Apr) Leading Players
FIG 5 Recent strategies and developments: QUALCOMM Incorporated
FIG 6 Recent strategies and developments: STMicroelectronics N.V.
FIG 7 Swot analysis: stmicroelectronics n.v.
FIG 8 SWOT Analysis: Texas Instruments, Inc.
FIG 9 Recent strategies and developments: NXP Semiconductors N.V.
FIG 10 Swot analysis: NXP semiconductors N.V.