Connect with us

Technology

Automotive Bluetooth Products Market to Grow by USD 1.87 Billion (2024-2028) Driven by Rising Vehicle Connectivity Demand, AI Trends Report- Technavio

Published

on

NEW YORK, Sept. 12, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global automotive bluetooth products market  size is estimated to grow by USD 1.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.63%  during the forecast period.  Rising demand for connectivity in vehicles is driving market growth, with a trend towards increased adoption of autonomous vehicles. However, security concerns regarding bluetooth connectivity  poses a challenge. Key market players include Bose Corp., Embitel Technologies Pvt. Ltd., Fibocom Wireless Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Panasonic Holdings Corp., Portronics Digital Pvt. Ltd., Qualcomm Inc., Renesas Electronics Corp., Rostra Precision Controls Inc., Sai Telecom , Samsung Electronics Co. Ltd., Shenzhen Goodix Technology Co. Ltd, STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Toyota Motor Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Vehicle Type (Passenger car and Commercial vehicle), Application (Infotainment, Telematics, and Communication), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Bose Corp., Embitel Technologies Pvt. Ltd., Fibocom Wireless Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Panasonic Holdings Corp., Portronics Digital Pvt. Ltd., Qualcomm Inc., Renesas Electronics Corp., Rostra Precision Controls Inc., Sai Telecom , Samsung Electronics Co. Ltd., Shenzhen Goodix Technology Co. Ltd, STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Toyota Motor Corp.

Key Market Trends Fueling Growth

The automotive industry’s adoption of Bluetooth technology is on the rise, particularly in the context of the emerging trend towards driverless vehicles. Autonomous cars require advanced driver-assistance systems (ADAS) with extensive connectivity solutions for seamless communication between various systems and devices. Bluetooth plays a vital role in this ecosystem, enabling features like personalized cabin settings, entertainment preferences, and real-time updates to be synced between the vehicle and passengers’ devices. Its low energy consumption and ability to connect multiple devices simultaneously make it an ideal choice for the complex network of sensors and communication modules in autonomous vehicles. This trend is driving significant investment in advanced Bluetooth implementations by automakers and tech companies, fueling the growth of the global automotive Bluetooth products market. 

The Automotive Bluetooth Products market is thriving, with hands-free phone calls and music streaming leading the trend. Bluetooth-enabled car speakers allow for seamless phone connectivity, enabling call management and text reading aloud. Voice commands add convenience, while keyless entry and key fobs offer security. Bluetooth-enabled accessories cater to various vehicle types, from light commercial vehicles to heavy commercial ones. Communication and phone connectivity remain key drivers, with infotainment systems and intelligent transportation systems integrating Bluetooth technology. The aftermarket is seeing significant growth, as consumers demand mobility network and automation levels in their vehicles. Telecommunications, telematics, and V2X communication are also gaining traction. Global car sales continue to rise, driving the demand for Bluetooth business solutions. Smartphone features, such as car diagnostic data and vehicle safety, are increasingly integrated into Bluetooth systems. Autonomous driving and electrification are also fostering growth, as automotive electronics and automation become more prevalent. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Data security is a significant concern as the use of Bluetooth technology in automobiles increases. With cyber threats looming, privacy and safety are at risk. Attackers can exploit Bluetooth vulnerabilities, such as BIAS (CVE-2020-10135) and KNOB (CVE-2019-9506), to gain unauthorized access, obtain sensitive information, or even control car systems. These vulnerabilities affect various car models and manufacturers, making the threat widespread. Weak authentication procedures, such as using static PINs, increase the risk of successful attacks. Outdated software and implementation flaws in Bluetooth further expose cars to various threats. Regular patches and updates are essential to mitigate these vulnerabilities. However, the lack of backup and security measures may hinder the growth of the global automotive Bluetooth products market during the forecast period.The Bluetooth business is thriving in the automotive industry, enabling smartphone connectivity for various applications. Bluetooth technology facilitates the transfer of car diagnostic data, vehicle safety information, and infotainment systems. Intelligent transportation systems and smart automobiles are leveraging Bluetooth for automation and telematics, including V2X communication and electrification. Automotive electronics companies face challenges integrating Bluetooth into autonomous driving systems and fleet management solutions. OEMs and aftermarket providers offer Bluetooth-compatible devices for passenger cars, light commercial vehicles, and heavy commercial vehicles. Energy-saving technology like power-saving Bluetooth is crucial for electric vehicles. Passive entry, digital keys, and music streaming are popular consumer applications. Mobile phones are essential Bluetooth-compatible electronic devices, enhancing the in-car experience. The automotive market continues to prioritize smartphone connectivity and vehicle diagnostics.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This automotive bluetooth products market report extensively covers market segmentation by

Vehicle Type1.1 Passenger car1.2 Commercial vehicleApplication 2.1 Infotainment2.2 Telematics2.3 CommunicationGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Passenger car-  The automotive Bluetooth products market has experienced notable growth due to the rising consumer preference for in-car connectivity and improved in-vehicle experiences. With smartphones becoming essential tools in daily life, Bluetooth integration is now considered a standard feature in passenger cars instead of a luxury. This technology enables hands-free calling, audio streaming, and app integration, contributing to safer and more enjoyable journeys. In response to this trend, automakers are offering advanced Bluetooth-enabled infotainment systems across their model ranges, including entry-level vehicles. The ability to stay connected while driving, access personal music libraries, and utilize navigation apps through Bluetooth has become a significant selling point for consumers, influencing their purchasing decisions and driving manufacturers to continually enhance their Bluetooth offerings in passenger cars. As the number of passenger cars continues to increase, the global automotive Bluetooth products market is anticipated to grow during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

Research Analysis

The Automotive Bluetooth Products Market is experiencing significant growth due to the increasing demand for smartphone connectivity in automobiles. Bluetooth technology enables wireless connection between electronic devices, allowing cars to integrate with mobile phones for various functions. With the rise of smart automobiles, Bluetooth has become an essential feature for in-car infotainment systems and intelligent transportation systems. Bluetooth technology facilitates hands-free phone calls, music streaming, and text messaging, enhancing vehicle safety by keeping drivers focused on the road. Automotive manufacturers are integrating Bluetooth-compatible devices into their vehicles to provide real-time car diagnostic data, road conditions, and calls management. The Bluetooth business is expanding beyond infotainment systems to include vehicle safety and automation, with applications in autonomous driving and automotive electronics. The automotive market is embracing Bluetooth as a key component of smartphone connectivity, revolutionizing the way we use our cars.

Market Research Overview

The Automotive Bluetooth Products Market refers to the business of Bluetooth-enabled technologies and devices used in the automotive industry. These products enable smartphone features such as music streaming, calls management, and texting in vehicles. They also provide car diagnostic data, vehicle safety, and telecommunications through infotainment systems and intelligent transportation systems. Bluetooth technology is increasingly being integrated into smart automobiles, from passenger cars to heavy commercial vehicles, for automation, electrification, and autonomous driving. Telematics and V2X communication are key areas of growth, offering real-time road conditions and energy-saving technology. Bluetooth-compatible devices include mobile phones, car speakers, and keyless entry systems. The market caters to both OEM and aftermarket solutions for passenger cars, commercial vehicles, and electric and autonomous vehicles. The global car sales and vehicle shipments continue to drive the demand for Bluetooth-enabled connectivity solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypePassenger CarCommercial VehicleApplicationInfotainmentTelematicsCommunicationGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-bluetooth-products-market-to-grow-by-usd-1-87-billion-2024-2028-driven-by-rising-vehicle-connectivity-demand-ai-trends-report–technavio-302245041.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

Published

on

By

The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

Continue Reading

Technology

PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

Published

on

By

24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

Continue Reading

Technology

Global Times: China opens 12 nuclear research facilities to global scientists

Published

on

By

The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

Continue Reading

Trending