The report "Ultra-Wideband Market by Application (RTLS, Imaging, Communication), Positioning system (Indoor, Outdoor), Vertical (Healthcare, Automotive & Transportation, Manufacturing, Consumer Electronics, Residential, Retail), & Geography - Global Forecast to 2025" is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%. Major factors driving the growth of the UWB market include the rising demand for UWB technology in RTLS applications, the growing deployment of this technology in mobile devices, and the increasing adoption of the Industrial Internet of Things (IIoT).
Download PDF Brochure:-
Based on vertical, the market for automotive & transportation is expected to grow at the highest rate. UWB location tracking technology makes the human–machine interface in automobiles easier and better. It results in novel comfort applications such as smart card access, driver authentication, and personalized user settings, such as seat positioning or climate control. UWB is a very promising technology for public transport vehicles. UWB technology is also used in train control systems where narrow radiofrequency pulses are transmitted to ensure wireless communication between the train and small devices installed on the wayside, as well as to control bus operations.
North America to hold largest share of UWB market in 2025
The UWB market in North America held the largest size in 2019. RTLS would be the fastest-growing application in the North American UWB market due to the growing trend of smart homes and the rising penetration of home automation devices in the region. Factors such as recent development of UWB technology-based precision positioning systems and their utilization in healthcare RTLS and medical imaging applications are also expected to be the primary reasons for the significant CAGR of RTLS and imaging applications in the North American UWB market during the forecast period. Recent advancements in positioning accuracy of impulse radio-based UWB technology and falling average selling prices (ASP) of UWB chips are expected to drive the UWB market in North America during the forecast period.
Key Market Players
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).
These players are increasingly undertaking product launches and developments, and acquisitions to develop and introduce new technologies and products in the market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment