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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200905786

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.  

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/ultra-wideband-market-200905786.html

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).

News Covered:

https://www.prnewswire.com/news-releases/ultra-wideband-market-worth-2-7-billion-by-2025--exclusive-report-by-marketsandmarkets-301052861.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more