NEW YORK, Oct. 19, 2023 /PRNewswire/ — The “Bluetooth devices market by distribution channel (offline and online), type (Bluetooth speaker, Bluetooth headphones, Bluetooth keyboard, Bluetooth mouse, and Bluetooth watch and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the Bluetooth devices market from 2022 to 2027 is USD 25.25 billion. The increasing adoption of Bluetooth devices in various industries is a key factor driving market growth. The Bluetooth devices that are widely available in the industrial sector have often been built for tough environments. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge
The rise in security and access concerns regarding Bluetooth devices is a significant challenge restricting market growth. Bluetooth device pairs are a process of making sure the connection is secure. The authentication of the device’s identity and exchange of encryption keys with a secure communications protocol is part of the pairing process. Additionally, the Bluetooth encryption algorithm is programmed to ensure security and prevent unauthorized access to exchanged data. Additionally, the drawing process requires user consent or authorization to establish a connection or access a specific service. Hence, these factors are expected to restrict market growth during the forecast period.
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The Bluetooth devices market has been segmented by distribution channel (offline and online), type (Bluetooth speaker, Bluetooth headphones, Bluetooth keyboard, Bluetooth mouse, and Bluetooth watch and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
- The offline segment is estimated to witness significant growth during the forecast period. Retail outlets selling Bluetooth products such as a mouse, keyboards, speakers, and headphones are included in the offline distribution channel which includes consumer electronics stores, hypermarkets, and supermarkets. Moreover, over the last ten years, Bluetooth devices have become available to consumers on a worldwide scale because of rapid technological advances and new product designs.
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Key Companies in the Bluetooth Devices Market:
Amazon.com Inc., Anker Technology UK Ltd., Apple Inc., Bose Corp., Dell Technologies Inc., Denon, GN Store Nord AS, HP Inc., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Logitech International SA, Microsoft Corp., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Sony Group Corp., and Xiaomi Communications Co. Ltd.
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Bluetooth Devices Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
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Market growth 2023-2027 |
USD 25.25 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.55 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 31% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amazon.com Inc., Anker Technology UK Ltd., Apple Inc., Bose Corp., Dell Technologies Inc., Denon, GN Store Nord AS, HP Inc., Huawei Technologies Co. Ltd., Imagine Marketing Pvt. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Logitech International SA, Microsoft Corp., Panasonic Holdings Corp., Pioneer Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Sony Group Corp., and Xiaomi Communications Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
