With the emergence and long-term Impact of COVID-19, Global Bluetooth in Automotive Market to reach USD xxx Billion by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global Bluetooth in Automotive Market points towards a potential rise to USD xxx Billion by 2029. Bluetooth in automotive allows individuals to use their mobile phones via the in-car infotainment system. Apparently, in recent years, major automotive manufacturers all over the world have included Bluetooth as a factory-installed function. The implementation of this technology in the infotainment system allows passengers and drivers to listen to music and get information while driving. The Bluetooth in Automotive Market is expanding because factors such as a rise in disposable income and rising urbanization are driving market demand across the world.
Geographically, the global Bluetooth in Automotive market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in terms of revenue, owing to the high vehicle sales and production, as well as the fast use of new technology in automobiles, particularly in China, Japan, and India. Automobile manufacturers are working on increasing production by implementing various entertainment and connection technologies in regional manufacturing plants. In terms of sales, North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increased deployment of smart infotainment and telematics application systems in automobiles.
The global Bluetooth in Automotive market is highly competitive owing to the presence of several key manufacturers such as Panasonic Corporation (Kadoma, Osaka, Japan) Harman International (Stamford, United Kingdom) Cypress Semiconductor Corporation (California, United States) intel technologies (California, United States) LG Electronics Inc. (Seoul, South Korea) Qualcomm Technologies, Inc. (California, United States) Samsung Electronics Co Ltd. (Suwon-si, South Korea) Sony Corporation (Tokyo, Japan) Texas Instruments Incorporated (Texas, United States) Pioneer Corporation (Tokyo, Japan) and others.
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Key findings of the study suggest:
- Global Bluetooth in Automotive Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2029.
- In the Application Type segment, Infotainment emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to increased vehicle production and sales, as well as the quick uptake of cutting-edge automotive technology, particularly in China, Japan, and India in the region.
- North America is expected to grow at higher rate during 2022-2029 owing to increase in use of smart infotainment and telematics application systems in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Application Type:
- Communication
- Infotainment
- Telematics
By Sales Channel Type:
- OEM
- Aftermarket
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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