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).
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COVID-19 Impact on the Global UWB Market
UWB market is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic as the movement restriction and lockdowns has resulted in the disruptions in the supply chain, However the use of remote monitoring technology, software managment tools could lead to higher adoption during post COVID-19 period. COVID-19 has disrupted the supply chain of different vertical of UWB market, which included healthcare, automotive & transportation, manufacturing, consumer electronics, and retail. The companies are exploring new opportunities to interact with manufacturers by leveraging advanced technologies.
Coronavirus, a deadly respiratory disease that originated in China, has now become a worldwide pandemic. The impact of COVID-19 is not fully evident on UWB market at the time being, but the slowdown in manufacturing and disruption in supply chain is expected to impact its market, at least in the short term. Labor shortage in the times of COVID-19 is expected to be the biggest challenge for companies across the world to overcome over the next 3–6 months. UWB based systems production facilities are either shut down or currently unable to produce at full capacity, and this could negatively affect Q2 and Q3 revenues of companies for 2020 and result in slower growth in the near term.
Companies with global supply chains are expected to be the most affected by this pandemic. As per industry experts, about 75% companies in the US could face supply chain issues in the coming months. If adverse effects of the virus become more prevalent in locations where customers, suppliers or manufacturers conduct business, the companies might experience constrained supply or curtailed demand that would provide material impacts in future periods. Companies are continuously monitoring the situation at their Chinese suppliers in order to ensure that the supply chain remains as efficient as possible and are also looking for alternative logistical routes wherever possible.
The effect of COVID-19 on the healthcare sector is more noticeable, as it is the epicenter of this unprecedented global pandemic challenge. Private companies has risen to the occasion, by offering support to the government, by providing testing support, preparing isolation beds for the treatment of Covid-19 positive patients, providing equipment such as ventilators, PPE kits, and masks. Systems such as Impulse‐Radio Ultra‐Wideband system, made up of static biomedical nodes is mounted on a patient’s body to collect vital data. UWB technology is also used for medical monitoring, and medical imaging. Due to COVID-19, the production of these systems is stopped.
The automotive & transportation sector is facing a disruption due to the shutdown of businesses. The disruption in Chinese parts exports, large scale manufacturing interruptions across Europe, and the closure of assembly plants in the United States. Due to abrupt closure of production centers in China, as well as, in all the major countries due to COVID-19, the supply chain is disturbed. Many automotive OEMs and suppliers are now establishing shorter or localized regional supply chain.
The consumer electronics market too has been affected by the COVID-19 pandemic. The sales of consumer electronics go off track due to localized lockdown in various countries. Also, the production facilities remained closed during the lockdown period, and due to shortage of raw materials there is a decline in the production of end products.
North America to hold largest share of UWB market in 2025
Earlier, UWB was not widely adopted in North America owing to the cost-effectiveness of other substitute wireless technologies, such as faster versions of Wi-Fi, and low-power Bluetooth. UWB technology has been widely deployed in the communications and RTLS systems. 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.
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