Growing Demand for UWB Technology in RTLS & Growth in Industrial Internet of Things (IoT) Driving the Growth of Ultra-Wideband (UWB) Market

The ultra-wideband (UWB) market is expected to be worth USD 85.4 Million by 2022, at a CAGR of 5.2% by 2022. 

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“RTLS/WSN market segment expected to grow at the highest rate between 2016 and 2022”

Ultra-wideband (UWB) is one the fastest-growing technologies with a huge market growth potential because of to its accuracy in tracking assets. UWB-based real-time location system (RTLS) solutions refer to systems, which operate in a large bandwidth spectrum, generally greater than 500 MHz, and are characterized by high accuracy. Similar to wireless fidelity (Wi-Fi), a UWB system could also operate in signal strength or time of arrival modes. The major advantage of the UWB-based RTLS solutions is their advantage of sustaining a good performance in walled environments.

“Healthcare segment on the basis of end user is expected to dominate the UWB market between 2016 and 2022”

The healthcare industry has been the major end-user of UWB-based RTLS solutions, and this is expected to continue between 2016 and 2022. The UWB technology has witnessed high penetration in RTLS solutions, that track and monitor hospital assets, patients, healthcare professionals, and hygiene inside the hospitals. Hospital operations have a continuous flow (in- and out-flow) of people and equipment as a part of the workflow process. These factors have led to huge opportunities for UWB-based RTLS solutions to track and monitor assets and people to increase the efficient workflow and enhanced patient throughput.

Deploying RTLS solution through UWB technology provides significant benefits to healthcare facilities, as UWB is a power efficient technology and provides superior battery life for remote wireless devices. The RTLS system makes use of the active tags and receives or transmits the data within the range depending on the specification of the RTLS technology.

North America held the largest share of the Ultra-Wideband market in 2015 owing to the extensive presence of major UWB players in this region. Moreover, the presence and early adoption of UWB technology in various industries such as healthcare, retail, and manufacturing in North America has contributed to the market dominance of this region. The U.S. is a major contributor to the growth of the UWB market in North America. The Ultra-Wideband market in Asia-Pacific (APAC) is expected to grow at the highest rate among all other regional markets for UWB between 2016 and 2022.

During the early commercialization period of UWB technology, several start-ups with UWB product portfolio for communication and consumer electronics have emerged. However, the UWB technology did not succeed as anticipated, in terms of overall revenue and regulatory standards. After almost 11 years of its commercialization period, the overall ultra-wideband market size of the UWB technology remained less than USD 60 million as of 2015. The lack of universal regulatory framework along with the high cost of UWB technology has led to its low adoption in the consumer electronics segment. Moreover, the performance of UWB in terms of data rate is slow particularly in the consumer electronics segment. Furthermore, the superior cost versus the performance trade-off of counterpart wireless technologies such as ZigBee and Bluetooth have led to the lower adoption of UWB technology in the consumer electronics segment.

Some of the major companies operating in the UWB market are DecaWave Ltd. (Ireland), 5D Robotics, Inc. (U.S.), Pulse~Link, Inc. (U.S.), Alereon, Inc., BeSpoon SAS (France), Fractus Antennas S.L. (Spain), Johanson Technology, Inc. (U.S.), and Nanotron Technologies GmbH (Germany).

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