Growth of Bluetooth® Location Services Devices Will Rebound and Trend Upward
The onset of COVID-19 lockdowns led to a reduction in Bluetooth® Location Services deployments — a 25 percent decrease in implementations compared to previous forecasts. However, thanks to continued interest in asset tracking and indoor positioning use cases, analysts expect Bluetooth Location Services growth to rebound by the end of 2021 and achieve a 32 percent CAGR through 2025.
Bluetooth® Commercial Connected Lighting Gains Mainstream Traction
Primarily focused on supporting building automation, control, and operational efficiency, Bluetooth® Device Networks remained largely resilient during the pandemic. Many facilities are still eager to reap the cost benefits provided by commercial connected lighting systems. Analysts at Guidehouse Insights predict that by 2029, commercial connected lighting will generate $19.1 billion in global revenue.
The 2021 Bluetooth® Market Update dives deeper into these key trends, including a look at what use cases and venues will drive continued growth in Bluetooth Location Services and the potential impact of the upcoming adoption of LE Audio for people with hearing loss.
Download the full report.