What’s Propelling the Ultra-Wideband (UWB) Market to Grow at 19.6% CAGR?
The Ultra-Wideband (UWB) Market is poised for substantial growth, with projections indicating an increase from USD 1.1 billion in 2021 to USD 2.7 billion by 2025, at a CAGR of 19.6%. This expansion is driven by the rising adoption of UWB technology across various applications, such as Real-Time Location Systems (RTLS), imaging, and communication. Key industries like healthcare, automotive and transportation, manufacturing, and consumer electronics are increasingly utilizing UWB for its precision in indoor and outdoor positioning systems. The growing demand for accurate, secure, and low-power communication solutions in these sectors is a major factor propelling the market forward. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200905786 The growing need for ultra-wideband (UWB) technology in Real-Time Location Systems (RTLS) and the rapid proliferation of the Industrial Internet of Things (IIoT) are significant factors fueling the expa...