According to estimates, the UWB Market would increase at a CAGR of 19.6% 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).

Decawave, which Qorvo Inc. (US) acquired, Apple (US), 5D Robotics, PulseLINK, BeSpoon (France), Zebra Technologies, NXP Semiconductors, Texas Instruments, Johanson Technology, Alereon, LitePoint, Fractus Antennas, Nanotron Technologies, Samsung Electronics, Sony, Ubisense, UK, Alteros, and Starix Technology were the market leaders in 2019. (US). To further increase their presence in the global UWB market, these competitors have chosen a variety of growth tactics, including new launches, development, and acquisitions. The most popular strategies used by big firms from 2017 to 2019 were product releases and developments, which enabled them to expand on their goods and increase the size of their consumer base.

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The leader in the global UWB market is Decawave (Ireland). Based on its UWB wireless technology platform, the company is involved in the design and production of integrated circuits for real-time location and communication systems. Decawave's UWB solutions enable IEEE802.15.4-2011 and provide accuracy in line-of-sight applications. The company sells a DWM1000 chip that is based on UWB. In order to increase its geographic reach, Decawave built its first office in the US in 2014. It also has regional offices in California (US) and China and a presence in South Korea, France, and Japan.

A significant player in the UWB market is Apple (US). The business creates, produces, and sells wearable technology, personal computers, tablets, smartphones, and accessories. It also provides a wide range of connected services. The business is divided into two divisions: products and services. The business has created U1 processors that employ ultra-wideband technology for spatial awareness. For instance, the iPhone 11 can accurately find other Apple devices that are U1 equipped. The iPhone 11 and iPhone 11 Pro currently employ these processors. Apple increased the quantity of retail outlets and the geographic scope of its operations, as of 2018, with 506 stores spread over 25 nations.

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