The Ultra-Wideband (UWB) Market is anticipated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a compound yearly growth rate (CAGR) of 19.6%. According to the study, the main drivers propelling the growth of the UWB market are the expanding demand for UWB technology in real-time location systems (RTLS) applications, the growing uptake of UWB in mobile devices, and the growing uptake of the Industrial Internet of Things (IIoT). According to the report, the UWB market is anticipated to develop most rapidly in the healthcare, automotive & transportation, manufacturing, consumer electronics, residential, and retail verticals.

Opportunity: Growing deployment of UWB technology in mobile devices

A considerable potential for the technology is presented by the expanding use of ultra-wideband (UWB) technology in mobile devices, especially in commercial items like smartphones. Recent UWB-based smartphones from Apple, like as the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max, have made it possible to communicate with other devices, track real-world objects, and display location via augmented reality. Due to the fierce market competition, it is anticipated that this step by Apple would accelerate the adoption of UWB technology in android phones as well. In the upcoming years, it is anticipated that the adoption of UWB in mobile devices would lead to the development of new use cases and applications.

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UWB market for outdoor positioning systems is fastest-growing market

The ultra-wideband (UWB) market for outdoor positioning systems is the one that is expanding at the fastest rate. This is because portable devices that are being used for asset tracking, surveillance, radar and medical imaging, vehicle radar, and intelligent transportation are increasingly adopting UWB technology. Although UWB's utility in outdoor positioning applications has been constrained by its short wireless communication range and expensive chip price, its low power consumption is encouraging the technology's uptake in portable devices. The report emphasises that UWB is also employed in outdoor positioning systems in addition to GPS. Overall, it is anticipated that the expanding usage of UWB technology in outdoor applications would greatly aid the expansion of the UWB industry.

Communication application to hold largest share of UWB market in 2025

The ultra-wideband (UWB) market is expected to be dominated by the communication application in 2025. This is a result of the major benefits that UWB wireless technology, such as high localization accuracy and narrow pulses, offers in communication applications. Due to their capacity to provide fast data speeds, low power consumption, while simultaneously lowering interference, UWB communications systems are attracting more attention. Ad-hoc sensor networks employ UWB technology as a communication channel. There has been a dramatic increase in UWB communication applications as a result of different businesses employing UWB technology in smartphones for mobile tracking services and enhanced connectivity. Additionally, UWB antennas are employed for wireless communication because they increase coverage while requiring less complexity and fabrication expense than other types of antennas. Overall, it is anticipated that the UWB market will rise in the next years as a result of the growing use of UWB technology in communication applications.

Automotive and transportation would be fastest-growing vertical in UWB market during forecast period

Recent market research indicates that the ultra-wideband (UWB) market's fastest-growing vertical throughout the projected period would be the automotive and transportation sector. Numerous novel and developing UWB applications have been observed in the market, such as vehicle-to-vehicle and vehicle-to-infrastructure communication, which has drawn substantial interest from automakers all over the world. The human-machine interface in cars is becoming simpler and better thanks to UWB location tracking technology. This has led to unique comfort applications including smart car entry, driver authentication, and customised user settings. The use of UWB in train control systems to ensure wireless communication between the train and tiny devices put on the wayside and to manage bus operations makes it another potential technology for public transportation vehicles. In general, the UWB market is anticipated to develop in the next years due to the growing acceptance of UWB technology in the automotive and transportation sectors.

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North America to hold largest share of UWB market in 2025

Market analysis predicts that in 2025, North America will account for the greatest portion of the ultra-wideband (UWB) market. Due to the affordability of other replacement wireless technologies such faster Wi-Fi and low-power Bluetooth, UWB was previously not widely used in North America. However, throughout the projection period, the UWB market in North America is anticipated to be driven by recent improvements in the positioning accuracy of impulse radio-based UWB technology and declining average selling prices (ASP) of UWB chips. Due to the widespread use of UWB technology in RTLS and communications, the UWB market in North America is anticipated to increase due to the rising demand for these applications.

Key players in the market are Decawave (acquired by Qorvo Inc. (US)), Apple (US), 5D Robotics (US), Pulse~LINK (US), BeSpoon (France), Zebra Technologies (US), NXP Semiconductors (Netherlands), 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 (US).

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