Bluetooth 5.0 Market Report 2025

The bluetooth 5 market size has grown rapidly in recent years. It will grow from $4.86 billion in 2024 to $5.41 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increased data transfer speed, extended range, enhanced data broadcasting, higher throughput for audio streaming, low energy consumption.

The bluetooth 5 market size is expected to see rapid growth in the next few years. It will grow to $9.1 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to rapid growth in IoT devices, expansion in smart home applications, emergence of location-based services, continued integration in audio devices, growing adoption in automotive connectivity. Major trends in the forecast period include increased range and throughput, enhanced data broadcasting, improved coexistence with other wireless technologies, mesh networking capabilities, low energy consumption, audio quality enhancements.

The growing demand for audio devices is anticipated to drive the growth of the Bluetooth 5 market in the future. An audio device is any device capable of receiving and processing audio signals, allowing users to listen to a variety of media formats, including cassettes, compact discs, and digital audio files. The desire for mobility and flexibility in Bluetooth audio streaming continues to rise, and Bluetooth technology is facilitating the creation of new products, ranging from broadcast audio to advanced hearing assistance solutions. For example, in December 2023, Demandsage, a U.S.-based automated reporting platform utilizing data science for insights, reported that there were approximately 6.6 billion smartphone users worldwide as of 2022, reflecting a 4.2% increase from the previous year. Thus, the growing demand for audio devices is expected to further propel the growth of the Bluetooth 5 market.

The expansion of connected cars is anticipated to drive the growth of the Bluetooth 5 market in the future. Connected cars are vehicles equipped with internet connectivity and advanced communication technologies, enabling them to share and exchange data with other vehicles. Bluetooth 5 plays a crucial role in connected cars by facilitating seamless, high-speed wireless communication, which enhances secure and efficient connectivity for in-car infotainment, hands-free calling, and integration with various smart devices. For instance, in January 2024, Salesforce, a U.S.-based cloud computing company, projected that by 2030, connected cars will make up 95% of all vehicles on the road. Therefore, the rise of connected cars is significantly contributing to the growth of the Bluetooth 5 market.

Major companies in the Bluetooth 5 market are focusing on developing advanced technologies, such as adaptive sound control, to improve user experience by automatically adjusting audio settings according to the surrounding environment. Adaptive Sound Control is a feature that modifies audio settings based on environmental factors and user activity. For example, in May 2022, Sony, a Japan-based electronics manufacturer, introduced the WH-1000XM5 headphones, which include this adaptive sound control technology. These headphones represent the latest addition to Sony's high-end noise-canceling lineup and feature sophisticated adaptive sound control that adjusts audio settings intelligently based on the user's environment and activities. Equipped with built-in sensors, the WH-1000XM5 can detect whether the user is walking, sitting, or traveling and automatically alter sound profiles for optimal clarity and comfort. Additionally, these headphones offer improved noise cancellation and extended battery life, making them suitable for both casual listeners and audiophiles alike.

Key companies in the Bluetooth 5 market focus on developing advanced chipsets supporting Bluetooth 5 and Wi-Fi 5, catering to diverse technological needs such as those in entry-level gaming phones. MediaTek, in February 2023, launched the Helio G36 chipset, specifically designed for entry-level gaming phones, featuring Bluetooth 5 and Wi-Fi 5 support. This octa-core chipset integrates eight independent processing cores, achieving a peak CPU speed of 2.2GHz with IMG PowerVR GE8320 GPU support, enabling up to 8GB of LPDDR4x RAM. Additionally, it supports up to 50MP camera capabilities, hardware depth engines for bokeh effects, and HD+ 90Hz displays, while also integrating a global 4G LTE Cat-7 modem for dual 4G SIM support on global bands with IMS services.

In April 2022, Silicon Laboratories Inc., a leading US-based provider of silicon, software, and solutions, finalized the acquisition of Redpine Signals Inc., for an undisclosed sum. This acquisition is expected to propel Silicon Labs' advancement in Wi-Fi 6 technology by leveraging Redpine Signals' assets and will further augment Silicon Labs' portfolio with the inclusion of Bluetooth Classic IP specifically tailored for audio applications. Redpine Signals Inc., also based in the US, specializes in the development of cutting-edge, ultra-low power, and high-performance wireless and MCU (Microcontroller Unit) products, emphasizing innovation in their semiconductor and system solutions.

Major companies operating in the bluetooth 5 market include Qualcomm Technologies Inc., Nordic Semiconductor ASA, MediaTek Inc., Broadcom Inc., Silicon Laboratories Inc., Realtek Semiconductor Corp., Microchip Technology Inc., NXP Semiconductors, Texas Instruments Inc., Renesas Electronics Corporation, Goodix Technology Inc., Telit Cinterion, Inventek Systems, Ceva Inc., Laird Connectivity LLC, Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Google LLC, Intel Corporation, Cypress Semiconductor Corporation, STMicroelectronics N.V., Marvell Technology Group Ltd., Sierra Wireless Inc., Murata Manufacturing Co. Ltd., Dialog Semiconductor plc, Taiyo Yuden Co. Ltd., ON Semiconductor Corporation.

North America was the largest region in the Bluetooth 5 market in 2024. North America is expected to be the fastest-growing region in the global Bluetooth 5 market report during the forecast period. The regions covered in the bluetooth 5 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bluetooth 5 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Bluetooth 5 stands as one of the latest iterations of the short-range wireless standard, offering notable improvements over its predecessors. It boasts extended range, accelerated data transfer rates, and enhanced power efficiency, thereby widening the bandwidth to facilitate simultaneous communication between two wireless devices.

The key components integral to Bluetooth 5 encompass hardware, solutions, software development kits (SDKs), protocol stacks, and services. Hardware constitutes both the external and internal devices and mechanisms essential for the seamless operation of Bluetooth 5.0. Its applications span across various domains, including audio streaming, data transfer, location-based services, and device networks, catering to end-users within sectors such as consumer electronics, automotive, healthcare, industrial automation, and several other industries.

The Bluetooth 5 market research report is one of a series of new reports that provides Bluetooth 5 optical components market statistics, including Bluetooth 5 optical components industry global market size, regional shares, competitors with a Bluetooth 5 optical components market share, detailed Bluetooth 5 optical components market segments, market trends, and opportunities, and any further data you may need to thrive in the Bluetooth 5 optical components industry. This Bluetooth 5 optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Bluetooth 5 market includes revenues earned by entities by provide Bluetooth products and services. The Bluetooth solution consists of antenna/RF components, Bluetooth hardware and firmware, Bluetooth software protocol stack, and the application. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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