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.
Key Players:
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), Sony (Japan), are few dominant players in the Ultra-Wideband Market.
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).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200905786
RTLS segment is expected to grow at the highest CAGR in the forecast period
The RTLS application segment of the UWB market has been witnessing growth over the years since UWB technology-based RTLS solutions are especially used by various industries for precise and real-time tracking of industrial assets, material flow, and employee location. UWB-based RTLS solutions find applications in fleet management, staff management, pallet tracking, inventory management, etc. The growing adoption of RTLS solutions in industrial environment for employee tracking, as well as to get visibility of supply chain, products, machinery, and raw materials is adding an advantage for market growth. Asia Pacific is expected to be the fastest-growing market for UWB-based RTLS solutions, in terms of value, during the forecast period.
Driver: 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.
Based on Application, Communication segment to dominate the ultra-wideband market in the year 2020
The demand for wireless wideband communications systems is majorly driven with its rising adoption in application such as mobile ad-hoc networking and collection of data through wireless sensor network. UWB wireless technology offers various advantages in these applications due to their high localization precision and narrow pulses. The sudden rise in communication applications for UWB as various companies are now using this technology in smartphones for mobile tracking services and better connectivity. Apple is one of the examples of implementing a UWB chip in its latest launched smartphones.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/ultra-wideband-market-200905786.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
