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.