Automotive and Transportation Industry to Drive Ultra Wideband (UWB) Market Growth to $2.7 Billion by 2025
The Ultra-Wideband (UWB) Market is anticipated to increase from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, expanding at a CAGR of 19.6%. Real-time location systems (RTLS) applications' growing need for UWB technology and the Industrial Internet of Things' rising usage are driving the market (IIoT). The UWB market is expanding as a result of the expanding use of UWB technology in mobile devices and developments in new markets such wireless sensor networks. These elements are giving UWB technology a wider application range, which will improve market adoption and growth potential. Key Players: Some of the Major players in the Ultra-Wideband Market are 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), among others. These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, ...