For many years, Bluetooth technology has been synonymous with consumer devices in traditional markets, such as audio, cars, connected devices, mobile phones, tablets, and personal computers. It has become a must-have feature expected by customers. But the integration of Bluetooth did not stop there. Now, Bluetooth is the solution of choice for emerging markets-smart homes, smart buildings, smart industries, and smart cities-and new data predicts that the technology will flourish in these areas in the next five years.
According to the forecast of ABI Research and the insights of several other analysis companies, the new trend of the emerging Bluetooth market indicates that the global adoption rate of Bluetooth technology in the commercial and industrial fields is increasing. Here are some highlights of each emerging market’s 2019 update.
Bluetooth in smart buildings
The data listed in the 2019 Bluetooth market update indicates that by 2023, location-based services will dominate smart building forecasts. Due to the latest developments in this technology, Bluetooth is providing support for new positioning services in various smart buildings. From wayfinding to space utilization, Bluetooth helps increase operational efficiency and improve the occupant experience. The new direction search function released in January 2019 will only increase the development momentum of Bluetooth location services and the adoption of Bluetooth location services.
Unicom’s lighting solutions are also increasing, leading manufacturers have announced long-term product plans for lighting automation and control systems. It is estimated that by 2023, annual shipments are expected to increase by 6.5 times, with a compound annual growth rate of 46%. Commercial building automation and security solutions may continue to grow in the next five years
Retailers continue to use Bluetooth to implement personalized promotions and wayfinding services to create a better shopping experience, increase sales and reduce operating costs. Healthcare organizations respond to cost pressures by using Bluetooth to monitor patients, track assets and promote emergency services, provide better patient care, and improve operational efficiency.
Bluetooth in the smart industry
Bluetooth is leading the convergence of industry and information, paving the way for the industrial IoT revolution, and helping manufacturers improve efficiency, productivity, and safety.
Asset tracking and management solutions enable manufacturers and distributors to optimize inventory management and increase operational efficiency. In 2023, the commercial deployment of Bluetooth asset tracking and management solutions will grow at a rate of 47% per year and is predicted to account for 70% of market shipments, setting the pace for the smart industry.
According to recent trends, enterprise wearable devices have also gained huge appeal. Smart industrial equipment shipments accounted for 34% of 2019, and enterprise wearable devices such as scanners, programmable programs, trackers, and other devices will continue to maintain strong growth, with a compound annual growth rate of 28% in the next five years.
Bluetooth in smart home
Whether connecting a TV to a soundbar or a PC to a keyboard, Bluetooth technology has been at the core of the connected home for many years. The annual shipment of connected home devices exceeds that of home automation by more than 3:1. Even if the compound annual growth rate of home automation in the next five years exceeds 21%, the annual shipments of connected home devices from tools and toys to game systems and televisions will be close to 900 million by 2023.