Ultra-wideband is a technology used in short range and high bandwidth communications with applications in non-cooperative radar imaging. The transmission of information over a large spectrum and utilization of high data rates at low power can attract various corporations. The global Ultra-Wideband Market report by Market Research Future (MRFR) covers drivers, challenges, and opportunities for the period of 2016 to 2022 (forecast period). The COVID-19 impact on the industry has been noted in the report.
Market Scope:
The global ultra-wideband market size is projected to rise from USD 62 million in 2016 to USD 85 million by 2022. It can exhibit a CAGR of 5% throughout the forecast period. The market is poised for major growth owing to being capable of possessing a bandwidth greater than 500 Mhz. Adoption of real-time location systems for utilization of resources and optimization of workflow can fuel the market demand. The ability to work in low signal-to-noise ratios, technological advances in precision and range, and improved capacity are major drivers of the market. Its high frequency and low power consumption can expand its application in radar and remote sensing applications.
Integration of latest standards in mobile devices, deployment of wireless sensors, and rapid adoption of industrial internet of things (IIoT) are key drivers of the market. The preference of the technology over other wireless options due to its target recognition, precise measurement, and ease of deployment can bolster the demand in the ultra-wideband market. The focus on consumer experience can create novel opportunities for consumer electronics manufacturers. Need for precise location for customized services and capability of providing streaming up to a range of 10 meters can benefit the market in the coming years.
But interference of narrowband systems can hamper the market growth.
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Segmentation:
The global ultra-wideband market has been segmented on the basis of application, technology, components, and industry.
On the basis of application, it is segmented into wireless peripheral interface, internet access, multimedia service, and location based service.
On the basis of technology, it is segmented into short range and long range.
On the basis of components, it is segmented into integrated circuit, sensors, and motherboard.
By industry, it is segmented into manufacturing, retail, education, healthcare, and others. The retail industry can be one of the biggest users of UWB due to its RTLS solutions. Measurement of footfall and dwell time near popular products can be used in providing customized services to customers.
Regional Analysis:
North America is expected to continue to hold the biggest share in ultra-wideband market due to the existence of major ultra-wideband players in the region. Also, the high acceptance rate of UWB based real time location service technologies is driving this region to grow. The focus of countries such as the U.S. and Canada on expanding the bandwidth of internet speeds and data transmission rate can lead to its huge proliferation in the region.
APAC is also likely to produce at the highest rate in the market due to high industrial growth in manufacturing and retail sectors in this region.
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Competitive Landscape:
DecaWave Ltd., Nanotron Technologies GmbH, Taiyo Yuden Co Ltd., 5D Robotics, Inc., Johanson Technology, Inc., Fractus Antennas S.L., Zebra Technologies Corporation, Alereon, Inc., BeSpoon SAS, and Pulse LINK, Inc. are key players of the global ultra-wideband market.
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