Ultra-Wideband Market Size, Growth Drivers, SWOT Analysis 2025


Posted January 27, 2023 by avinashgogawale14

The Ultra-Wideband Market Size is expected to increase from USD 1.1 billion in 2020 to USD 2.7 billion in 2025, at a CAGR of 19.6%.
 
The Ultra-Wideband (UWB) Market is projected to grow from USD 1.1 billion in 2020 to USD 2.7 Billion in 2025, at a CAGR of 19.6% between 2021-2025.

UWB is a wireless communication technology in which short pulses are transmitted over a wide spectrum of frequency bands with very low power consumption. UWB is ideally used for short-range data transmissions (less than 10 meters) in wireless personal area network (WPAN) applications. Major factors driving the growth of the UWB market include growing demand for UWB technology in RTLS applications, increasing adoption of the Industrial Internet of Things (IIoT).

Key Players:

Some of the Major players in the Ultra-Wideband Market are DecaWave Ltd. (acquired by Qorvo (US)), Apple Inc. (US), Pulse Link, Inc. (US), NXP Semiconductors N.V. (Netherlands), Texas Instruments (US), Samsung Electronics Co., Ltd. (South Korea), among others. These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to expand their presence in the Ultra-Wideband Market.

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Proliferation of UWB technology in RTLS application

Ultra-wideband technology is one of the fastest-growing technologies with a huge growth potential due to its accuracy in tracking assets. UWB-powered RTLS solutions operate in a large bandwidth spectrum, generally greater than 500 MHz and are characterized by high accuracy. a UWB system can also work in a time of arrival mode. Also, UWB signals provide high security and reliability. Moreover, its high-bandwidth and low-frequency signals can pass through several obstacles, including walls. Ubisense Group Plc. (UK) offers UWB-based RTLS solutions for industries including automotive manufacturing, aerospace manufacturing, transportation, and defense.

Growing deployment of UWB technology in mobile devices

UWB is becoming a promising technology in many fields, and commercial products such as mobile devices and smartphones are one of the most promising aspects wherein this technology is used. Apple has recently released UWB-based smartphones—iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max—to enable communication between devices, track physical objects, and even show the on-screen location using augmented reality. Apple’s introduction of UWB in its iPhones would lead to the adoption of UWB in android phones as well, considering the intense competition in this market.

RTLS/WSN market segment expected to grow at the highest rate

Ultra-wideband (UWB) is one the fastest-growing technologies with a huge market growth potential because of to its accuracy in tracking assets. UWB-based real-time location system (RTLS) solutions refer to systems, which operate in a large bandwidth spectrum, generally greater than 500 MHz, and are characterized by high accuracy. Similar to wireless fidelity (Wi-Fi), a UWB system could also operate in signal strength or time of arrival modes. The major advantage of the UWB-based RTLS solutions is their advantage of sustaining a good performance in walled environments.

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Healthcare segment on the basis of end user is expected to dominate the UWB market

The healthcare industry has been the major end-user of UWB-based RTLS solutions, and this is expected to continue between 2016 and 2022. The UWB technology has witnessed high penetration in RTLS solutions, that track and monitor hospital assets, patients, healthcare professionals, and hygiene inside the hospitals. Hospital operations have a continuous flow (in- and out-flow) of people and equipment as a part of the workflow process. These factors have led to huge opportunities for UWB-based RTLS solutions to track and monitor assets and people to increase the efficient workflow and enhanced patient throughput.

Deploying RTLS solution through UWB technology provides significant benefits to healthcare facilities, as UWB is a power efficient technology and provides superior battery life for remote wireless devices. The RTLS system makes use of the active tags and receives or transmits the data within the range depending on the specification of the RTLS technology.

News Covered:

https://www.prnewswire.com/news-releases/ultra-wideband-market-worth-2-7-billion-by-2025--exclusive-report-by-marketsandmarkets-301052861.html

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Last Updated January 27, 2023