At a CAGR of 19.6%, it is predicted that the Ultra-Wideband Market will increase from USD 1.1 billion in 2020 to USD 2.7 billion by 2025. The demand for UWB technology in RTLS applications, the expansion of its use in mobile devices, and the adoption of the Industrial Internet of Things are the main reasons propelling the growth of the UWB market (IIoT).
The Outdoor Positioning Systems UWB Market is the Fastest-Growing Market
Because UWB chips are expensive and have a restricted wireless communication range, they are currently only used for a few outdoor locating applications. Due to its low power consumption, UWB technology is increasingly being employed in portable devices for a variety of outdoor communications applications, asset tracking, surveillance, medical imaging, radar imaging, and intelligent transportation. Along with GPS, UWB is employed in outdoor positioning systems.
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By 2025, communication applications will command the biggest market share for UWB.
Due to its narrow pulses and high localization accuracy, UWB wireless technology offers a number of advantages in communication applications. UWB communications systems are getting a lot of interest because of their fast data rates, low power requirements, and interference-reduction capabilities. In the ad hoc sensor network, UWB technology is also used as a communication channel. As more businesses use UWB technology in smartphones for mobile tracking services and improved connectivity, there is an abrupt increase in communication applications for this technology. Additionally, UWB antennas are utilised for wireless communication because they simplify the process and lower the cost of fabrication when a high data rate transition that covers a bigger region is needed.
During the projected period, the UWB Market's fastest-growing vertical would be automotive and transportation.
The UWB technology has seen a wide range of new and growing applications in the automotive and transportation sectors. Wireless technology has been increasingly used in cars over the past few years for radio reception and navigation. However, recently, automobile manufacturers all over the world have given major consideration to automotive applications such vehicle-to-vehicle and vehicle-to-infrastructure communication. UWB location tracking technology improves and simplifies the human-machine interface in autos. It leads to innovative comfort applications like driver authentication, smart car access, and customised user settings like seat adjustment or climate control. A very promising technology for transit vehicles is UWB. In order to ensure wireless communication between the train and small equipment mounted on the wayside, UWB technology is also employed in railway control systems. It is also used to regulate bus operations.
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In 2025, North America will account for the majority of the UWB market.
Due to the affordability of cheaper wireless alternatives like speedier Wi-Fi and low-power Bluetooth, UWB was previously not commonly used in North America. UWB technology is commonly used in RTLS and communications systems. The UWB Market in North America is anticipated to be driven by recent improvements in positioning accuracy of impulse radio-based UWB technology and declining average selling prices (ASP) of UWB chips over the forecast period.
Key Market Players
The leading companies in the market are Apple (US), Texas Instruments (US), Johanson Technology (US), Alereon (US), LitePoint (US), Fractus Antennas (Spain), Nanotron Technologies (Germany), Samsung Electronics (South Korea), Sony (Japan), Ubisense (UK), Alteros (Ohio), and Starix Technology. Decawave, which Qorvo Inc. (US) acquired, 5D Robotics, PulseLINK (US).
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