The Bluetooth® community continues to expand the technology to solve new connectivity challenges while creating new market opportunities. After first addressing audio streaming, Bluetooth expanded into low-power data transfer. Now, Bluetooth technology is meeting the market demand for indoor location services and reliable, large-scale device networks. And, according to the newly released 2019 Bluetooth Market Update, each of these key solutions areas are expected to see significant growth over the next five years.

Audio Streaming

Stripping away the hassle of wires on headsets, speakers, and home entertainment devices, Bluetooth® technology has revolutionized wireless audio streaming. Even while Bluetooth innovation is expanding into new markets and use cases, Bluetooth wireless audio solutions are still on the rise with annual shipments expecting to see a 7% CAGR over the next five years. The recently released 2019 Bluetooth Market Update notes that 39% of all Bluetooth peripheral devices (not including phones, tablets, and PCs) shipped in 2023 will support audio streaming.

Data Transfer

The idea of a connected world, free from wires, is quickly becoming a reality. From fitness trackers and health & wellness monitors to toys and tools, millions of new Bluetooth® low-power, data-transferring devices free consumers from wires every year.

The wide application of Bluetooth technology shows us that anything can be a connected device. Annual shipments of simple data transfer solutions are forecasted to double from 690 million in 2018 to 1.3 billion in five years. According to the 2019 Bluetooth Market Update, data transfer will be the leading Bluetooth solution area by volume in 2023, surpassing even Bluetooth enabled audio streaming.

Data transfer will be the leading Bluetooth® solution area by volume in 2023.
ABI Research

The popularity of Bluetooth Low Energy for connecting data to applications and services is unquestioned. Anything can be a connected device, and more and more Bluetooth innovations are expanding beyond classification. By 2023, 14% of connected endpoints will fall outside traditional device category definitions, up from 7% in 2018.

Location Services

New advancements in Bluetooth technology are enabling powerful, low-cost indoor positioning and location services solutions. In fact, 300 million Bluetooth® tags are projected to ship each year by 2023.

Increasing demand for location services is powering a surge in Bluetooth wayfinding, asset tracking, and item finding solutions. By 2023, there will be 1.7 billion active handsets engaged in Bluetooth location services. With a 43% CAGR, location services is the fastest growing Bluetooth solution area.

Device Networks

The release of Bluetooth® mesh networking has paved the way for the creation of large-scale device networks capable of controlling, monitoring, and automating tens, hundreds, or thousands of devices in smart homes, smart buildings, smart factories, and smart cities around the globe. Forecasts predict that by 2023, there will be more than 360 million annual device network device shipments each year.

 

More Market Trends

The insights highlighted in this article are only a fraction of what you’ll find in the complete 2019 Bluetooth® Market Update. Updated forecasts in this year’s report not only reflect the expansion of Bluetooth technology across audio streaming, data transfer, locations services, and device network solutions but give you a look at trends in traditional and emerging markets, from smartphones to the smart building and beyond. 

For more on what analysts are predicting within Bluetooth markets and specific use cases, download the 2019 Bluetooth Market Update

FEATURED DOWNLOAD

Now Available: 2020 Bluetooth Market Update

The trends in the Bluetooth® Market Update highlight the direction of the Bluetooth member community and technology – including recent advancements in mesh networking and the introduction of LE Audio.

INSTANT DOWNLOAD

How LE Audio Empowers Xiaomi to Enhance the Audio Experience

Over two decades ago, the emergence of Bluetooth® technology created the wireless audio market,…

How Bluetooth Low Energy Roll-Cage Beacons are Disrupting Postal Logistic Services

With the explosion of ecommerce and the changes in consumer behavior as a result of the COVID crisis, parcel delivery services are busier than ever before. In fact, many local, regional and even international carriers have broken one record after another in recent months.

New Core Specification v5.3 Feature Enhancements

One of the key reasons why Bluetooth® technology has emerged as the global wireless…

Bluetooth Location Services Device Growth to Trend Up Over the Next 5 Years

Best known for its innovation in audio streaming and wearable devices, Bluetooth® technology is also…

Bluetooth® Core Specification Version 5.3 Feature Enhancements

Bluetooth® Core Specification version 5.3 includes several feature enhancements with the potential to improve…

WA Notify app prevents thousands of COVID-19 cases, UW study finds

A study by researchers at the UW School of Public Health and the Washington State Department…

Sub-metre accuracy claimed for indoor Bluetooth positioning kits

U-blox is claiming sub-metre indoor accuracy with development kits for Bluetooth direction-finding and positioning.

Atmosic and Globalscale unveil lowest power Bluetooth Low Energy module

Atmosic Technologies and Globalscale Technologies are making available what is being claimed is the…

10 Resources That Showcase the Range and Reliability of Bluetooth Technology

Despite the overwhelming adoption of Bluetooth® technology across a wide range of global solutions…

Bluetooth Low Energy Innovations in Connected Vehicles That You Didn’t Know Of

The automotive industry is evolving at a fast pace. Modern automobiles are far from…

Understanding Bluetooth® Internet Gateways for IoT Solutions

Bluetooth® technology is used by nearly 40% of all Internet of Things (IoT) devices.…

Bluetooth® Technology and the Response to the Covid-19 Pandemic

Millions of people have installed smartphone applications which are designed to notify users if…

The Difference Between Classic Bluetooth and Bluetooth Low Energy

The naming conventions for Bluetooth technologies have changed over the years and still cause…

SmartShepherd Improves Scalability For Their Smart Farming IoT Applications With Cassia’s Bluetooth Gateways

Learn how SmartShepherd partnered with Cassia Networks to enable real-time tracking and monitoring of…

How to Unlock the Full Potential of Networked Lighting Control Systems

A revolution is at hand. Intelligent luminaires are expanding beyond the standard on/off and…

Secure and Accurate Distance Bounding for Bluetooth Secure Access

Are you involved in the design and development of products that rely on secure…

Evolution vs. Revolution: The Building Blocks of Automotive Body Electronics

In the past few generations of automobiles, there have been significant advancements in vehicle…

2021 Bluetooth Market Update

Supported by updated forecasts from ABI Research and insights from several other analyst firms, the Bluetooth Market Update highlights the latest Bluetooth trends and forecasts.

How Bluetooth® Technology is Enabling Safe Return Strategies in a COVID-19 Era

This report shares insight into how Bluetooth® technology is being leveraged by organizations of all sizes to…

Designing and Developing Bluetooth® Internet Gateways

Design and implement your own Bluetooth® Internet working prototype and see for yourself how BIGs allow applications to exchange data with Bluetooth devices from anywhere in the world.

Reducing the Risk of COVID-19 Transmission

Learn how Philips partnered with Cassia Networks to help fight the spread of COVID-19…

Bluetooth Market Research Note - Assistive Hearables

Bluetooth Market Research Notes provide in-depth analysis of trends and forecasts highlighted in the…

POM Tracer Ensures Workplace Safety with Contact Tracing Solutions from Laird Connectivity

POM Tracer was looking to create an easy-to-implement product that would allow businesses and…

How to Deploy BlueZ on a Raspberry Pi Board as a Bluetooth Mesh Provisioner

This step-by-step study guide will teach you: How to rebuild the kernel on a…

The Bluetooth LE Security Study Guide

Learn about fundamental security concepts, the security features of Bluetooth Low Energy, and gain some hands-on experience using those features in device code.

Bluetooth Location Services

See 8 use cases for enhancing building efficiencies and creating a better visitor experience, discover new data that supports the latest trends and forecasts, and find out what’s driving the rapid adoption of location services solutions.

Overview – Bluetooth Technology

See how the global standard for simple, secure connection has expanded to meet the…

 Get Help