USD 2.22 billion
Ultra-Wideband Market Size, Share, Growth Analysis, By Application(Data Links, High Speed LAN/WAN, Geolocation, Communication), By End-Use(Heathcare, Aerospace, Utilities, IT Sector), By Technology(Long Range and Short Range), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2201 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|Tables:
92
|Figures:
75
Ultra-Wideband Market Insights
Ultra-Wideband market size was valued at USD 2.22 billion in 2022 and is poised to grow from USD 2.48 billion in 2023 to USD 5.99 billion by 2031, growing at a CAGR of 11.65% in the forecast period (2024-2031).
Electronic devices such as mobile phones and smartphones are leading the growth of the market. The continuous innovation of UWB technology in wireless sensor networks directly impacts the market's growth. The increasing demand for the Internet of Things (IoT) is the main reason behind the growth of the ultra-wide market. IoT uses smart sensors to improve manufacturing and other industrial applications. Reducing labor and enabling automation in industry will increase the efficiency of industrial operations.
The demand for UWB technology in real-time satellite systems (RTLS) has increased significantly due to various applications. Increasing urbanization, modernization, and globalization are driving it. and market growth. Growth in industrial infrastructure, technological advancements to improve the performance of semiconductor devices, and increased digitization in the healthcare and retail sectors are other factors driving the growth of the market. New applications of UWB technology are expected to drive market growth.
Because UWB technology is more accurate than Wi-Fi and RFID, many industries are using RTLS. adopting UWB over Wi-Fi and RFID to increase efficiency and shorten delivery times. switched to technology. Save time and money. These factors will increase the demand for ultra-wideband technologies, driving the market in the coming years. The UWB market faces strong competition from alternatives such as Bluetooth, GPS, and Wi-Fi. UWB is superior to Bluetooth and Wi-Fi in many ways, including higher security, lower power, higher bandwidth, and two-way communication, which is beneficial for many applications.
However, UWB is more expensive than its alternatives, so it may be used less in end-user industries. Ultra-wideband is a wireless technology that can measure the location of a device within a few centimeters indoors and from the outside. This allows you to track the location and distance of your device in real-time and more accurately than ever before. Many countries have called for COVID-19 contact testing and social distancing to prevent the spread of the disease. This created an opportunity for UWB-based devices during the pandemic due to their accuracy, which is ideal for these applications.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Short Range
Fastest Growth
Long Range
Growth Rate
11.65% CAGR
Global Ultra-wideband Market ($ Bn)
Country Share for North America Region (%)
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Ultra-Wideband Market Segmental Analysis
The global ultra-wideband (UWB) market is segmented by technology, application and end use and region. By technology, the market is segmented into long range and short range. By application, the market is segmented into data links, high speed LAN/WAN, geolocation, communication and others. By end-use, the market is segmented into healthcare, aerospace, utilities, IT sector and others. By region, the market is segmented into North America, Europe, Latin America, Asia Pacific, the Middle east & Africa.
Analysis By Application
Based on application, the global ultra-wideband market is divided into imaging, communication, real-time locating system, geolocation, high-speed LAN/WAN, intrusion detection, data links, altimeter, and covert communications. Data links segment is attributed to fuel the market in the coming years, owing to the rising IT sector across the globe.
Data links ensure the flow of data at the same speed while exchanging the data. It detects errors and recovers the original data. Increasing demand for reliable delivery of data transmission and error detection from various sectors such as IT and banking & financial services industry boosts the growth of the global market.
The intrusion detection segment is expected to generate a significant revenue share of the market during the projected period. Intrusion detection is software that detects malicious traffic within the network. It generates alerts if someone tries to crack the firewalls. There are two types of intrusion detection.
The host-based intrusion detection system (HIDS) identifies threats within the network monitoring by the main device and the network-based intrusion system (NIDS) detects a suspicious activity within the network.
Analysis By Technology
Based on technology, the global ultra-wideband market is segmented into short and long ranges. The short-range environment includes devices, such as Bluetooth and Wi-Fi-enabled devices. Bluetooth is a replacement for cables that set up a link with several devices in personal area network. Bluetooth allows you to make phone calls without placing phone to ear. Wi-Fi serves as a replacement for high-speed cabling in local area networks that enables devices to establish a secure internet connection. Rising demand for Bluetooth and Wi-Fi in personal area networks across the globe is generating global market growth.
The long-range segment is expected to contribute to market growth during the projected period. Long range technology is an alternative to other cellular networks, specially designed for outdoor purposes. It extends the connections and allows access to the network from far away. Widely increasing demand from the IT and banking sectors drives market growth.
global ultra wide band market, 2022 (%)
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Ultra-Wideband Market Regional Insights
By region, the global market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The North America ultra-wide band market is poised to dominate this market due to the growing demand for digital data as it is available at low cost due to wireless features and widely accepted UWB technology. Furthermore, the major countries studied in the market report are the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.
The broadband market in Europe accounts for the second largest market share due to consolidation of several markets. key UWB players in the region and rapidly growing adoption of UWB-based technologies in various industries including retail and healthcare. One of the main factors influencing the expansion of the UWB industry in this region is the increase in automation. Additionally, Germany's ultra-broadband market had the largest market share and the UK's ultra-broadband market was the fastest growing market in the European region.
The Asia-Pacific ultra-broadband market is expected to grow at the fastest CAGR. 2023-2030. An opportunity for local providers of UWB technology solutions has opened with the expansion of the connected car and electric vehicle (EV) market. UWB compatible automotive products moving into the APAC market are developed in collaboration between companies. For example, NXP Semiconductors and Taiwan's Hon Hai Technology Grove signed a letter of intent in July 2022 to create platforms for a new generation of smart connected cars, with UWB technology embedded in the NXP S32 domain.
The market for UWB technology as IoT devices is experiencing growth as IoT has been adopted in the manufacturing and automotive industries. Additionally, the region has semiconductor hubs such as Taiwan, China, and India, and the latter's semiconductor ambitions would support the regional market for UWB technology chips. In addition, China's ultra-broadband market had the largest market share and India's ultra-broadband market was the fastest growing market in the Asia-Pacific region.
global ultra wide band market, 2024-2031
- Largest
- Fastest
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Ultra-Wideband Market Dynamics
Drivers
The demand for high-speed data transmission
- It is increasing due to the widespread use of data-intensive applications such as virtual reality (VR), augmented reality (AR), high-definition video streaming and internet of things (IoT) devices. Applications requiring high-speed data transmission find UWB attractive due to its exceptionally high data transmission rate.
The growing use of UWB in real-time positioning systems, or RTLS
- UWB is becoming increasingly popular for RTLS applications in a variety of industries, including manufacturing, retail, treatment and logistics due to its large thanks to the precise positioning and tracking ability. These technologies enable accurate tracking of assets, inventory and indoor and outdoor positioning.
Expansion in the automotive industry
- Secure keyless systems, vehicle-to-vehicle (V2V) and vehicle-to-vehicle (V2I) communications are just a few applications. where UWB technology is increasingly being integrated into automotive systems. The market for UWB-enabled products is expected to grow as automakers focus on improving vehicle efficiency, safety, and connectivity.
IoT ecosystem expansion
- UWB technology is finding potential as IoT devices proliferate in smart cities, smart homes, industrial automation, and healthcare. UWB is suitable for asset tracking, indoor navigation and IoT sensor networks due to its low power consumption, excellent accuracy and robustness in harsh environments.
Standardization and Regulatory Support
- Industry associations and regulatory organizations are aggressively pushing for the development and standardization of UWB technology, encouraging its wider use. To promote commercial expansion, standardization initiatives aim to ensure interoperability, compatibility and global acceptance of UWB-enabled systems and devices.
New applications are coming
- In addition to established use cases, advances are enabling new applications for UWB technology. To further expand the market potential, UWB-based solutions are being explored for various applications such as contactless payment systems, secure access control, gesture recognition and spatial awareness in consumer electronics and smart devices.
Restraints
Regulatory barriers
- Complying with regulatory standards and obtaining required certifications can be difficult and time-consuming. Regional differences in power levels, frequency bands, and interference mitigation regulations can complicate the deployment of UWB technology.
Interference
- Other wireless technologies using the same frequency bands as UWB transmission can cause interference to UWB signals even when mitigation measures are in place. This interference can negatively affect performance and reliability, especially in densely populated areas with many wireless devices.
Cost
- The adoption of UWB technology can be hindered by its deployment costs, especially for small and medium-sized businesses and consumers. This covers the costs of infrastructure changes, UWB-enabled devices and system integration.
Compatibility
- Interoperability and compatibility with older devices and systems can be difficult to ensure. Deploying UWB technology may involve upgrading or replacing existing hardware and infrastructure, which can increase the complexity and cost of deployment. Security and privacy concerns highlight the precise location tracking and tracing that UWB technology enables. Addressing these issues and implementing strong security measures may be essential if UWB applications are to be widely accepted.
Limited awareness and understanding
- Many consumers and organizations may still be unaware of UWB technology despite its potential benefits. Providing potential customers with information about the benefits and capabilities of UWB technology can help remove this barrier.
Competition from Alternative Technologies
- UWB competes with other wireless technologies such as Bluetooth, Wi-Fi, and RFID in many applications. Widespread adoption of UWB may be hindered by the availability of substitutes, especially in areas where these technologies are well established. Economic Uncertainty: Economic ups and downs can affect budgets and investment choices related to the use of new technologies. In times of economic uncertainty, companies may be reluctant to invest in cutting-edge technologies such as UWB.
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Ultra-Wideband Market Competitive Landscape
Major market players are investing heavily in research and development to expand their product lines, which will help the ultra-wide market grow. In addition, market players are undertaking various strategic activities to expand their presence through major market developments such as new product launches, contractual agreements, mergers and acquisitions, number of investments, cooperation with other organizations, etc. To expand and survive in a competitive and increasingly competitive market environment, the ultra-broadband industry must offer cost-effective products, a key business opportunity for ultra-broadband manufacturers. This is one of the strategies. The company will benefit customers and increase its market share. The ultra-wide industry has offered some of the biggest health benefits in recent years.
Top Players in Ultra-Wide Band Market Include:
- Taiyo Yuden Co Ltd. (Japan)
- 5D Robotics Inc. (US)
- Pulse LINK Inc. (US)
- Alereon Inc. (US)
- Nanotron Technologies GmbH (Germany)
- DecaWave Ltd. (Ireland)
- Fractus Antennas S.L. (Spain)
- BeSpoon SAS (France)
- Zebra Technologies Corporation (US)
- NXP Semiconductors (Netherlands)
- Texas Instruments Incorporated (US)
- SAMSUNG (South Korea)
- Stanley Black & Decker, Inc. (US)
- Robert Bosch GmbH (Germany)
- Honeywell International Inc. (US),
- 3M (US)
- Emerson Electric Co. (US)
- Apple Inc. (US)
Recent Developments
- On March 29, 2023, Rohde and Schwarz announced the new BBA300 ultra-wideband RF amplifiers designed to provide stable, robust and accurate test signals for device testing. The company has added powerful new 90W models to the CDE and DE BBA300 RF series amplifier. Designed for test environments, the BBA300 amplifiers offer 380 MHz to 6 GHz in a single frequency band and up to 250 W of output power.
- On 21 March 2023, Samsung launched its first ultra-wideband (UWB) chipset, the Exynos Connect U100, which provides accurate distances and location information in mobile, automotive and IoT devices. Launched as part of Exynos Connect, the new UWB solution combines the company's short-range wireless solutions that are essential in an increasingly connected world.
- On 28 February 2023, Quectel Wireless Solutions, a leading global provider of IoT and automotive solutions, released a new ultra-wideband (UWB) automotive-grade AU30Q module based on the Qorvo DW3300Q UWB chipset. The module enables precise real-time positioning outdoors and indoors and reliable wireless communication. Given the increasing availability of UWB technology in smartphones, many automotive OEMs are implementing UWB solutions in their newer vehicles to provide drivers with secure access to the car.
Ultra-Wideband Key Market Trends
- The adoption of UWB RTLS technology is one of the major factors contributing to the growth of the ultra-broadband market. UWB RTLS technology provides high accuracy at short and medium ranges and is less expensive than other RTLS technologies. This technology is expected to be useful for short-distance and low-speed data transfers. UWB has high data rates that can reach 100 Mbps, providing an ideal solution for short data transmission.
- The great ability of UWB RTLS to produce accurate results in a wide range of applications will benefit end users. This technology provides accurate positioning within 300 meters (about 984.25 ft), which is also useful for applications that require high accuracy. These applications will increase the demand for UWS RTLS technology, driving the growth of the ultra-wide market.
Ultra-Wideband Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our ultra-wideband market analysis, there are several factors that shape the path of ultra-wideband market. The growth of the ultra-broadband market share of the communication segment will be significant during the forecast period. UWB is now reviving connecting devices wirelessly over short distances. Many industry observers argue that UWB may prove more successful than Bluetooth because it offers superior speed, is cheaper, consumes less power, is more secure, and offers superior location detection and device range. Companies such as Intel, Apple, Huawei, Samsung, Xiaomi, NXP, Sony, Bosch and others are researching and investing in UWB technology. Increasing advancements in communication have also positively impacted on UWB technology and in turn on the Ultra-Wideband (UWB) market during the forecast period. This report provides an accurate forecast of the impact of all segments, the size of the Ultra-Wideband market, and actionable. market information on the post-COVID-19 impact on each segment.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.22 billion |
| Market size value in 2031 | USD 5.99 billion |
| Growth Rate | 11.65% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ultra-Wideband Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ultra-Wideband Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ultra-Wideband Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultra-Wideband Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultra-Wideband Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ultra-Wideband Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Ultra-Wideband Market Report Snapshots
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