Every year, the Bluetooth® Market Update provides the latest Bluetooth technology trends and forecasts. Featuring market projections and industry insights from ABI Research and several other analyst firms, the 2022 Bluetooth Market Update is intended to help global IoT decision makers stay up to date on the role Bluetooth technology can play in their technical roadmaps and markets. This annual report looks at the Bluetooth technology roadmap, examines new Bluetooth technology trends, and provides updated forecasts for key Bluetooth solution areas.
Updated Forecasts and Trends
With the support of a committed member community, Bluetooth® technology has met growing wireless innovation demands for more than 20 years. While 2020 proved to be a turbulent year for many global markets, by 2021, Bluetooth markets began quickly bouncing back toward pre-pandemic levels. In fact, in 2022, analysts expect to see a faster recovery from the pandemic than initially predicted.
Analysts anticipate that annual shipments of Bluetooth enabled devices will see 1.5x growth, a nine percent compound annual growth rate (CAGR), from 2021 to 2026. For the first time, Bluetooth annual device shipments are on track to exceed seven billion in 2026.
FEATURED REPORT
2022 Bluetooth® Market Update
The 2022 Bluetooth® Market Update provides updated forecasts and trends in key Bluetooth solution areas and highlights Bluetooth use cases that will drive future growth.
Bluetooth LE Is Driving Innovation
According to ABI Research, the influence of Bluetooth® Low Energy (LE) will continue to drive peripheral device innovation. Bluetooth LE single-mode device shipments are forecasted to more than triple over the next five years, significantly influencing peripheral device development in the market.
Bluetooth LE will continue to have a decisive impact on the market, with 95 percent of all Bluetooth devices to include Bluetooth LE by 2026, a 25 percent CAGR.
All Platforms Support Bluetooth Technology
Whether it’s Bluetooth® Classic, Bluetooth LE, or dual mode (Bluetooth Classic + Bluetooth LE), all key platform devices on the market support Bluetooth technology. Developers can count on Bluetooth Classic and Bluetooth LE to be in all key platform devices. With Bluetooth LE and Bluetooth Classic in 100 percent of phones, tablets, and PCs, the number of dual-mode devices supported by Bluetooth technology is reaching complete market saturation with a one percent CAGR from 2021 to 2026.
The new trends showcased in the 2022 Bluetooth Market Update highlight the direction of Bluetooth technology. We’ll dive into some of the specific use cases and trends highlighted in the report in the weeks to come – including recent advancements in networked lighting control, continued growth in Bluetooth Location Services, and the impact of the upcoming finalization of LE Audio.
FEATURED REPORT
2022 Bluetooth® Market Update
The 2022 Bluetooth® Market Update provides updated forecasts and trends in key Bluetooth solution areas and highlights Bluetooth use cases that will drive future growth.