The Role of Ultra-Wideband Market in Industrial Internet of Things (IIoT)
In the coming years, the Ultra-Wideband (UWB) Market is anticipated to increase significantly, according to a recent analysis by MarketsandMarketsTM. According to the analysis, the market will expand at a 19.6% compound annual growth rate (CAGR) from USD 1.1 billion in 2020 to USD 2.7 billion by 2025. The main drivers of the growth of the UWB market are highlighted as the expanding demand for UWB technology in Real-Time Location Systems (RTLS) applications, the growing deployment of this technology in mobile devices, and the rising use of the Industrial Internet of Things (IIoT). The UWB market is further segmented in the study according to application, positioning system, vertical, and geographic factors. Healthcare, automotive & transportation, manufacturing, consumer electronics, residential, and retail are some of the verticals.
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UWB market for outdoor positioning systems is fastest-growing market
Due to the Ultra-Wideband (UWB) technology's constrained wireless communication range and expensive UWB chips, it is currently only employed for a few outdoor locating applications. Since UWB technology has the benefit of low power consumption, it is increasingly used in portable devices adopted for many outdoor communication applications such as radar imaging, medical imaging, asset tracking, surveillance, vehicular radar, and intelligent transportation. However, the UWB market for outdoor positioning systems is recognised as the fastest-growing market. In addition, UWB and GPS are used in outdoor positioning systems. In the upcoming years, the UWB market for outdoor positioning systems is anticipated to develop due to the rising demand for these systems and the advantages that UWB technology provides.
Communication application to hold largest share of UWB market in 2025
In 2025, the communication application is anticipated to account for the biggest market share for Ultra-Wideband (UWB). Because to its narrow pulses and high localization accuracy, UWB wireless technology offers a number of advantages in communication applications. Increasingly more people are using UWB communication systems because of its fast data rates, low power requirements, and ability to minimise interference. Ad hoc sensor networks employ UWB technology as a communication channel. Numerous businesses have adopted UWB technology for communication applications as a result of a sudden increase in the use of UWB technology in smartphones for mobile tracking services and enhanced connection. UWB antennas are also utilised for wireless communication because they simplify the process and lower the cost of manufacturing when a high data rate transition that covers a bigger region is needed. In the upcoming years, the UWB market is anticipated to expand due to the rising need for communication applications and the benefits provided by UWB technology.
Automotive and transportation would be fastest-growing vertical in UWB market during forecast period
The Ultra-Wideband (UWB) market's fastest-growing vertical is anticipated to be the automotive and transportation sector throughout the time of forecasting. The automotive and transportation industries have greatly boosted their use of UWB technology in recent years. In spite of the fact that wireless technology has long been utilised in cars for radio reception and navigation, automotive applications including vehicle-to-vehicle and vehicle-to-infrastructure communication are now receiving a lot of attention from car manufacturers all over the world. The human-machine interface in cars is made simpler and better by UWB location tracking technology, which leads to cutting-edge comfort applications like smart car access, driver authentication, and customised user settings. As it is utilised in train control systems to ensure wireless communication between the train and tiny equipment mounted on the wayside and to manage bus operations, UWB technology is also very promising for public transportation vehicles. In the upcoming years, the UWB market is anticipated to expand due to the growing use of UWB technology in the automotive and transportation sectors.
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North America to hold largest share of UWB market in 2025
A recent analysis predicts that in 2025, North America would account for the greatest portion of the Ultra-Wideband (UWB) industry. The cost-effectiveness of alternative replacement wireless technologies, such as faster versions of Wi-Fi and low-power Bluetooth, prevented UWB from being extensively adopted in North America at first. Yet, Real-Time Location System (RTLS) and communication applications have made extensive use of UWB technology. Throughout the forecast 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 the declining average selling prices of UWB chips. UWB technology is being utilised more frequently in a variety of applications in North America as a result of its high localization accuracy, low power consumption, and ability to eliminate interference. This is anticipated to fuel the region's UWB market's expansion.
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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