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

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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..

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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. 

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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.

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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.

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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/

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SOURCE Technavio

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Typeform Delivers New Solutions to Empower B2C Businesses to Better Engage Customers

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Brands can now use video, data enrichment, and AI-powered capabilities to create interactive, hyper-personalized experiences and uncover deeper insights

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Typeform, the intuitive form builder and conversational data collection platform, today announced new features that provide business-to-consumer (B2C) businesses with the context, clarity, and convenience needed to better engage and understand their customers. Now businesses can further enhance the respondent experience, all while gathering richer, actionable data. 

Today, 70% of consumer decisions are based on emotion, including brand preference.¹ Buyers expect brands to tailor experiences to their personal preferences more than ever, but at the same time, they’re also becoming more cautious about sharing personal information. Typeform’s latest features help brands collect data directly from customers through interactive, personalized experiences they trust, then automatically enhance it with third-party insights to deepen their understanding. This empowers companies to deliver more targeted, data-driven marketing.

“Businesses can’t thrive on surface-level insights,” said Aleks Bass, Chief Product Officer, Typeform. “Our latest innovations give you the ability to dig deeper into truly knowing your customers by providing dynamic data collection experiences that encourage quality responses. Whether boosting conversions with a personalized product recommendation quiz or gathering feedback through video surveys, the common denominator is that your customers enjoy the experience.”

The offerings were unveiled at Typeforum 2024, Typeform’s first-ever virtual product spotlight event, designed to showcase the latest innovations from the company. Newly released features include: 

Enhanced Video Capabilities: Typeform now allows customers to respond with video, providing businesses deeper insights through voice and expressions, not just text. This builds on Typeform’s existing feature that enables creators to record, edit, and embed personalized videos into forms, boosting engagement and conversions. Typeform research found that 65% of marketers believe video is an effective tool for engaging and interacting with customers in ways that feel more human and create connection and loyalty.²Clarify with AI: Typeform’s Clarify with AI acts as a virtual interviewer, prompting follow-up questions based on customer responses. When a customer is asked about their experience and answers vaguely, like “good,” the AI encourages more detailed feedback, asking, “Good, how? What stood out?” For customers, it feels like a personalized conversation. For brands, it delivers more insights. Automated B2C Data Enrichment: Earlier this year, Typeform introduced automated B2B data enrichment, making it easier than ever to understand customers at a deeper level without needing to ask additional questions. Now, consumer-level enrichment is available in the Typeform platform. With just a personal email address, companies can pull in key data points from trusted third-party sources, providing a more complete picture of who’s on the other side of the screen.AI-powered Qualitative Analysis: With this feature, businesses can instantly analyze large volumes of text and video responses to surface key themes and insights, saving hours of manual work. Data Quality Tools: Invisible reCAPTCHA ensures data integrity by blocking bots and automated submissions, allowing only genuine responses to be collected. This safeguard enhances data reliability, helping teams make accurate, data-driven decisions.Klaviyo Integration: Typeform will soon be launching a new integration with Klaviyo, designed for B2C and direct-to-consumer (DTC) marketers. It will ensure that every insight gathered flows seamlessly into Klaviyo. Manual data transfers are eliminated as segments automatically update with Typeform data, enabling hyper-targeted campaigns customized to each customer’s unique profile. This integration combines Typeform’s interactive data collection with Klaviyo’s automation, facilitating more natural, personalized customer connections while driving business growth.

“We built a powerful product recommendation quiz not just to help our customers, but to generate invaluable data that allows us to better segment and engage them with relevant marketing,” said Addison Wennar, Digital Communications Manager, OGEE. “With the holiday shopping season approaching, these insights will be key. Typeform already delivers the highest response rates for us, and I’m excited to see how the new features will amplify that impact.”

The features are available today in Typeform for Growth plans. Watch the Typeforum 2024 recordings and learn how to use Typeform to better understand and engage customers here

About Typeform
Typeform is a distinctly intuitive form builder that helps over 150,000 customers collect and validate the data they need to grow their businesses. Designed with striking visuals, a conversational flow, and powerful data capabilities, Typeform empowers brands to give and get more with each form. Typeform drives more than 500 million responses each year and integrates with essential tools including Zapier, HubSpot, and Slack. For more information, visit www.typeform.com.

1         Pendell, R. (2024, October 15). Customer brand preference and decisions: Gallup’s 70/30 principle. Gallup.com. https://www.gallup.com/workplace/398954/customer-brand-preference-decisions-gallup-principle.aspx#:~:text=70%25%20of%20decisions%20are%20based,Making%20Process:%20Rational%20or%20Emotional?

2          Data from a survey of 105 Typeform customers conducted on September 30, 2024.

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SOURCE Typeform S.L.

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Electronic Drives and Controls Celebrates Impressive Growth and Strong Demand for Industrial Automation Solutions

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EDC has announced 39% revenue growth over the past year and a strengthened presence in the metals converting and composites industries. The company has also maintained key certifications, including CSIA, UL508A, Rockwell Automation, Siemens, and Ignition.

PARSIPPANY, N.J., Nov. 14, 2024 /PRNewswire-PRWeb/ — Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, today announced that the company has experienced a year of growth and success, achieving a 39% increase in revenue year-over-year. To meet the growing demand for automation and drive solutions, EDC has expanded its team, hiring Ricky Arcky as human resources manager and Tyler Schaberick as systems engineer. EDC attributes this growth to maintaining industry certifications, digital marketing efforts, a dedicated team, and strong, long-term partnerships.

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients.”

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients,” said Chuck Dillard, Vice President of EDC. “Our recent hires and increased project load reflect our strategy to grow both wider and deeper with our existing clients, as well as entering new industries.”

“We’ve put in years of preparation and invested heavily in digital marketing to get the word out about our services, knowing that growth was inevitable,” Dillard added. “Our team has worked tirelessly and the results speak for themselves: clients continue to return to us because of our technical expertise and the strong results we deliver.”

EDC’s expertise in coating & laminating, wire and cable, PLC programming and upgrades, as well as drive service, has allowed the company to strengthen its presence in the metals converting industry, securing new and expanded projects across multiple client plants. EDC has also successfully completed upgrades for a new client in the composites industry, widening the portfolio of industries it caters to.

In addition to recent growth, EDC remains committed to maintaining the highest industry standards through its CSIA certification, which ensures adherence to best practices in control system integration. Several certifications, including UL508A recertification and certifications from Rockwell Automation, Siemens, and Ignition, further emphasize EDC’s dedication to safety, technical proficiency, and continuous improvement.

About Electronic Drives and Controls, Inc.
Founded in 1968, Electronic Drives and Controls, Inc. (EDC) is a CSIA Certified control system integrator with deep domain expertise in the coating and laminating, and converting industries. The company’s large field service team specializes in AC and DC drives, PLCs and factory automation. Family owned and operated for more than 50 years, EDC’s team of engineers and technicians has a vast experience integrating new control systems and breathing life into older equipment. EDC has the engineering capability to design, build, start-up and service projects from the sophisticated to the simple and the service support team on call 24/7/365 to keep it all running at peak efficiency from day one and for years to come. In addition to the company’s certification as a Siemens Solution Partner and a Rockwell Automation Recognized System Integrator, EDC is a factory authorized/factory trained service center for over 40 drive brands. For more information, visit the company’s website, LinkedIn, Twitter, Facebook, and YouTube.

Media Contact

Georgia Whalen, Rivergate Marketing, (978) 697-2664, Gwhalen@rivergatemarketing.com, www.electronicdrives.com/home/

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SOURCE Electronic Drives and Controls, Inc. (EDC)

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Allstate Financial Services Selects Covr to Provide Life Insurance, Long-Term Care, and Disability Insurance Solutions

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Covr’s Digitally Enabled Insurance Platform Will Simplify the Buying Process

HARTFORD, Conn., Nov. 14, 2024 /PRNewswire/ — Covr, a leading digital insurance provider, has partnered with Allstate Financial Services, LLC to offer a streamlined suite of life, long-term care (LTC), and disability income insurance solutions through Covr’s digital platform. This partnership provides Allstate Financial Services customers with a simple, connected experience, featuring an intuitive, paperless process that makes it easier than ever to purchase insurance tailored to their diverse needs.

Covr’s platform offers an easy-to-use, self-guided experience to efficiently compare and recommend insurance products. Additionally, Allstate Financial Services will offer a range of products through Covr’s platform, including guaranteed issue life insurance through Gerber Life and disability insurance through Assurity, Ameritas, MassMutual, Mutual of Omaha and Principal. Traditional long-term care will also be available through Mutual of Omaha.

“We are extremely pleased to add Allstate’s network of 7,000+ representatives to our insurance platform,” said Michael Kalen, CEO of Covr. “Their business owners and individual customer base fits perfectly with our portfolio of simplified life, LTC, and disability income solutions for agents and their customers.”

“We’re committed to expanding solutions that better meet our customers’ protection needs,” said Scott Delaney, President and CEO, Allstate Financial Services. “With Covr’s digital platform, our representatives can deliver a more connected experience and offer a broader range of insurance options tailored to each customer’s unique needs.”

Allstate representatives will collaborate closely with Covr’s sales team to ensure ongoing support. Allstate Financial Services will also benefit from Covr’s top-tier case management services, providing end-to-end support throughout the entire insurance process.

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SOURCE Covr Financial Technologies

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