Bluetooth’s key solutions that will grow significantly over the next five years

Jason Marcel wrote a great article covering what new Bluetooth trends we will be seeing more of within the next few years according to the 2019 Bluetooth Marketing Update.

  1. Audio Streaming: We all know Bluetooth has been a trailblazer for wireless audio streaming. Striving for a world in which there are no wires in technology like speakers and headsets, Bluetooth wireless audio solutions are trending upwards with an expected 7% CAGR over the next five years or so. The 2019 Bluetooth Marketing Update states that 39% of all Bluetooth peripheral devices (not including phones, PCs and tablets) shipped in 2023 will back audio streaming.
  2. Data Transfer: By 2021, the 2019 Bluetooth Marketing Update anticipates Data Transfer as the leading Bluetooth solution by area volume. That is a pretty significant growth trend, exceeding audio streaming, a very significant Bluetooth solution. Bluetooth predicts that the annual shipments of data transfer solutions will double from 690 million to 1.3 billion within the next five years. An example of a wire-free, data-transferring device would be the trending fitness tracker. This is a notable solution to keep a close eye on.
  3. Location Services: Bluetooth’s innovative technology has created the path for extremely accurate, low-cost indoor positioning and location services technology. This particular solution is in high demand for its many functions, such as asset tracking and item finding solutions. Location service solutions are the fastest growing Bluetooth solution because of its 43% CAGR. 300 million Bluetooth location service devices are forecasted to ship each year by 2023.
  4. Device Networks: Since its release of mesh networking, Bluetooth has spearheaded the construction of large-scale device networks that are able to control, monitor and automate up to thousands of devices in smart homes, smart buildings, smart factories and smart cities. The projected annual shipments of device network solutions will be more than 360 million shipments.

There are way more market trends than the ones mentioned here. We suggest reading the 2019 Bluetooth Marketing Update to get more specific information.