Bluetooth in Automotive Market Size

Bluetooth In Automotive Market size was over USD 18.97 Billion in 2023 and is projected to cross USD 37.59 Billion by the end of 2036, witnessing more than 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bluetooth in automotive is estimated at USD 19.89 Billion. The growth of the market can primarily be attributed to the growing use of Bluetooth in automobiles worldwide. According to the data, 75% of all cars will use Bluetooth technology by 2024.

Bluetooth in automotive helps to pair up the mobile phone and use certain functions without having the need to plug in the phone using a cable. The key reason to do so is that you can make phone calls hands-free, using the car's speakers. Bluetooth technology is making it easier for people to get things done in a safe and efficient way while driving. It helps the diver to manage calls, music, data, and texts all with the sound of the voice through programs. With the rising use of phones, while driving as well as incidences of car crashes, the demand for Bluetooth in automotive is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global Bluetooth in automotive market during the forecast period. For instance, it was found that every year more than 1.5 million vehicle crashes are the result of using a phone while driving.