By Zoe Moleshead
The Bluetooth chipset market looks for significant growth over the coming years, according to In-Stat/MDR, which is predicting a five-year compound annual growth rate (CAGR) of 132%.
Despite being hit by the downturn in the mobile phone market and experiencing delays to Bluetooth chipset shipments at the end of last year, the market is expected to boom over the next five years. According to In-Stat/MDR, the Bluetooth chipset market will grow at a five year compound annual growth rate (CAGR) of 132%, jumping from shipments of 10.4 million units in 2001 to 690 million in 2006.Manufactured Bluetooth-enabled equipment shipments will also benefit from the surge in interest, climbing to 644 million units over the same period.“With more products becoming available on the market, the next hurdles are to bring more user applications and high-rate Bluetooth to market,” says Joyce Putscher, director, converging markets and technologies group, In-Stat/MDR. “Some chat applications are available, with more coming to market that will be available as software updates. Others offer unique opportunities to coordinate meeting information, communicate, or share files with those around you using an intuitive easy-to-use interface,” she added.In-Stat is also predicting that consumers will move to high rate Bluetooth between 2004-2006, and wireless gaming will become an option with Bluetooth connectivity added to game cartridges.The automotive industry is also moving towards Bluetooth, and the research group reports that the first vehicles incorporating Bluetooth options will expected in 2003 models.