Sheetal2325 Jul, 2024Technology
Bluetooth 5.0 Market by Component (Hardware, Software, Services), Application (Audio Streaming, Data Transfer, Location Services), End User (Automotive, Wearables, Consumer Electronics, Retail and Logistics) and Region - Global Forecast to 2027.size is expected to grow from USD 4.1 billion in 2022 to USD 7.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The increasing investments in sensing technology for automating industrial activities have led to the increased revenue growth of the IoT connectivity industry driving the growth of the Bluetooth 5.0 market.
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