The Business Research Company’s Bluetooth 5.0 Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Bluetooth 5.0 Global Market Report 2023 evaluates bluetooth 5.0 market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global Bluetooth 5.0 market size is expected to grow from $3.96 billion in 2022 to $4.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.86%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global Bluetooth 5.0 market size is expected to reach $7.00 billion in 2027 at a CAGR of 12.15%.
The bluetooth 5.0 market segments in the report are:
1) By Component: Hardware, Solutions, Software Development Kit, Protocol Stacks, Services
2) By Application: Audio Streaming, Data Transfer, Location Services, Device Networks
3) By End-User: Consumer Electronics, Automotive, Healthcare, Industrial Automation, Other End Users
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The table of contents in TBRC’s bluetooth 5.0 market report includes:
1. Executive Summary
2. Bluetooth 5.0 Market Characteristics
3. Bluetooth 5.0 Market Trends And Strategies
4. Bluetooth 5.0 Market - Macro Economic Scenario
5. Bluetooth 5.0 Market Size And Growth
…….
26. Africa Bluetooth 5.0 Market
27. Bluetooth 5.0 Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bluetooth 5.0 Market
29. Bluetooth 5.0 Market Future Outlook and Potential Analysis
30. Appendix
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The global industry 5.0 market to gather a hefty amount of revenue by observing a remarkable CAGR over the forecast period, i.e., 2022-2030, owing to the emergence of advanced technologies namely, industrial internet of things and artificial intelligence, for data collection and analysis.
Apart from this, environmental benefits offered by the implementation of industry 5.0, and spiraling use of industrial robots in various verticals are another significant factors expected to raise the slope of market growth in the forthcoming years.
The International Federation of Robotics reported, in 2018, 422,271 industrial robots were installed worldwide, witnessing a growth by 6 percent since the last year.
This can be credited to the surging use of cobots for simple and intuitive interaction with humans.
Additionally, by vertical, the manufacturing segment is projected to grab the largest share ascribing to the largescale deployment of SCARA robots for assembly operations in the industry, and growing volumes of data of field devices.Regionally, the global industry 5.0 market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
In addition, in APAC, India’s market is predicted to hold a notable share in the coming years in view of the escalating government initiatives regarding digitization.
