Global Bluetooth IC Market to Reach USD 21.54 Billion by 2030 | CAGR of 14.7%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Bluetooth IC Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Bluetooth IC Market size was valued at USD 7.32 Billion in 2022 and is projected to reach USD 21.54 Billion by 2030, growing at a CAGR of 14.7% from 2023 to 2030. Bluetooth ICs (Integrated Circuits) enable wireless connectivity for various applications, such as data transfer and device pairing. Bluetooth ICs, including Bluetooth baseband controllers, RF transceivers, and audio controllers, are vital in devices requiring low energy usage, secure data transfer, and high bandwidth. The growth is driven by increasing adoption across sectors such as consumer electronics, automotive, and healthcare.
The report comprises the Bluetooth IC Market Share, Size & Industry Analysis, By Type (Bluetooth Baseband Controller, Bluetooth RF Transceiver, Bluetooth Audio Controller, Bluetooth Power Controller, Others), By Bluetooth Type (Bluetooth 4.0, Bluetooth 4.2, Bluetooth 5.0, Others), By Application (Audio Devices, Human Interface Devices, Beacon, Wireless Consumer Electronics, Others), By End User (Consumer Electronics, Automotive, IT and Telecommunication, Healthcare, Aerospace and Defense, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023–2030.
The report contains detailed information on Bluetooth IC Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Advancements in Bluetooth technology for enhanced connectivity and increased application in consumer electronics drive the market, while security concerns related to data protection pose a significant restraint.
Segmental Analysis :
By type, the market is segmented into Bluetooth baseband controllers, RF transceivers, audio controllers, power controllers, and others.
- Bluetooth RF transceivers held the largest market share in 2022 due to their role in efficient data transmission through radio waves.
- Bluetooth power controllers are expected to grow at the fastest CAGR, driven by the rising demand for energy-efficient solutions to reduce device power consumption.
By Bluetooth type, the market is divided into Bluetooth 4.0, 4.2, 5.0, and others.
- Bluetooth 4.0 dominated the market in 2022, offering low power consumption and compatibility with mobile devices and computers.
- Bluetooth 5.0 is anticipated to register the fastest CAGR, supported by increasing demand for advanced audio and wearable devices.
By application, the market includes audio devices, human interface devices, beacon, wireless consumer electronics, and others.
- Beacon applications held the largest share in 2022 and are projected to grow at the fastest rate, driven by demand for fast communication and location services in commercial settings.
By end-user, the market is segmented into consumer electronics, automotive, IT & telecommunication, healthcare, aerospace & defense, and others.
- Consumer electronics dominated the market in 2022 and is expected to grow at the fastest rate due to the increasing adoption of Bluetooth-enabled devices like smart home systems, audio devices, and wearables.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held a significant market share in 2022, driven by the adoption of smart homes and advanced Bluetooth devices.
- Asia-Pacific is anticipated to witness the fastest CAGR, with demand surging in consumer electronics and real-time location systems in countries like China, Japan, and South Korea.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 21.54 Billion |
| CAGR (2023-2030) | 14.7% |
| By Type | Bluetooth Baseband Controller, Bluetooth RF Transceiver, Bluetooth Audio Controller, Bluetooth Power Controller, Others |
| By Bluetooth Type | Bluetooth 4.0, Bluetooth 4.2, Bluetooth 5.0, Others |
| By Application | Audio Devices, Human Interface Devices, Beacon, Wireless Consumer Electronics, Others |
| By End User | Consumer Electronics, Automotive, IT & Telecommunication, Healthcare, Aerospace & Defense, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The Bluetooth IC market is competitive, with players focusing on R&D and partnerships to enhance technological capabilities.
List of prominent players in the Bluetooth IC Industry:
- Texas Instruments Incorporated
- Nordic Semiconductor
- STMicroelectronics
- Toshiba Corporation
- Qualcomm Incorporated
- NXP Semiconductors NV
- Panasonic
- Realtek Semiconductor Corp
- Renesas Electronics
- Telink Semiconductor
- Silicon Laboratories, Inc
- Microchip Technology Inc
- Asahi Kasei Microdevices Corporation
- Murata Manufacturing Co., Ltd
- MediaTek Inc.
- Maxim Integrated
- Taiyo Yuden Co., Ltd.
- Semiconductor Components Industries, LLC
Recent Industry Developments :
- In March 2023, Semiconductor Components Industries, LLC launched NCV-RSL15 microcontroller with Bluetooth Low Energy connectivity for secure and efficient data transfer in automotive applications.
- In June 2022, Renesas Electronics introduced the SmartBond DA1470x Bluetooth LE solution, ideal for smartwatches and other consumer electronics with low power requirements.
