Market Research Future (MRFR)’s latest study has revealed that the global COVID-19 impact on Bluetooth in Automotive Market is set to expand exponentially at 34.65% CAGR during the forecast period 2017 to 2023. The market is expected to grow from USD 13,800 Mn in 2016 to USD 1, 09,979 Mn by the end of 2023. Accelerated adoption of bluetooth technology into automobiles has been witnessed in the recent times. The trend is likely to perpetuate over the next couple of years and fuel demand for bluetooth in the automotive sector.
The demand for Bluetooth technology in cars has been on the rise. The automobile manufacturers and peripheral industry leaders are investing in widening the product offerings to improve passenger experience by capitalizing on the technology. This is expected to fuel the growth of the COVID-19 impact on Bluetooth in Automotive Market in the forthcoming years.
A shift towards smartphone feature in cars has catapulted the COVID-19 impact on Bluetooth in Automotive Market on an upward trajectory as it helps Bluetooth based devices to connect with exact other and establish a network. The demand for bluetooth is also driven by the demand for enhanced passenger experience and entertainment on long journeys.
COVID-19 impact on Bluetooth in Automotive Market resonates strong growth opportunities presently and is estimated to exhibit a steep rise in growth. However, factors such as limited coverage of the device, slow data transfer, etc. act as impediments to the market growth.