Bluetooth in Automotive Market Overview

Bluetooth in the automotive market is estimated to register a CAGR of 15% during the forecast period.

The increasing emphasis on road safety is estimated to direct the development of Bluetooth in Automotive Market in 2020. The automobile industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 34.0% is projected to motivate the Bluetooth in the automotive market in the impending period.

The preference for online music streaming in automobiles is estimated to bolster the Bluetooth in the automotive market share as it helps to stream audio easily. Moreover, its capability to diagnose mechanical and electrical systems is predicted to further improve the Bluetooth in the automotive market size globally in the impending period.

Key Players

The distinguished players in the Bluetooth in the automotive market are Samsung Corporation, QUALCOMM Incorporated, Toshiba Corporation, Cypress Semiconductor Corporation, Texas Instruments Incorporated, Marvell Technology Group Ltd, Broadcom Corporation, Semiconductor Corporation, Pioneer Corporation, and Silicon Laboratories.

Segmentation

The global Bluetooth in automotive market has been segmented based on application, vehicle type, and OEM makers.

Based on application, the market has been segmented into communication, infotainment, and telematics. The infotainment segment is expected to grow at the highest CAGR during the forecast period due to increasing long-distance traveling and increasing uses of android phones which support inbuilt automobile infotainment systems. The system can display outputs in the form of audio or video depending on the technology.

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On the basis of vehicle type, the global Bluetooth in the automotive market has been divided into passenger cars, light commercial vehicle, and heavy commercial vehicles. The passenger car segment is projected to be dominant throughout the forecast period due to the growing demand for cars and SUVs with in-car entertainment systems such as hands-free audio streaming, calling, and application control. On the other hand, the heavy commercial vehicle segment is likely to command a higher share of the market owing to Bluetooth being used in fleet management for overseeing, coordination, and facilitating of various transport and transport-related activities. This effectively helps in reducing and minimizing overall costs through resources such as vehicles, fuel, and spare parts.

Regional Analysis

In 2018, the global Bluetooth in the automotive market was led by Asia Pacific (APAC) followed by Europe and North America. The APAC region is dominating the global market owing to the large automobile base in countries of China, Japan, and India. The large sales of commercial and passenger vehicles due to rise in living standards and expendable income levels of clients and customers can drive the market demand till 2025.

North America region has witnessed modest growth in the global Bluetooth in the automotive market during the forecast period due to the growing deployment of the in-vehicle infotainment system especially in commercial vehicles across the U.S. and Canada.

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Competitive Analysis

The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The expansion of the Bluetooth In The Automotive Industry has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.

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