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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Driver: Growing demand for UWB technology in RTLS applications
RTLS are used to locate and track assets and people in real time with the help of radio frequency signals. UWB technology and the next-generation BLE beacon technology are likely to be in demand by the providers of RTLS solutions and asset tracking systems during the forecast period. In RTLS applications, UWB technology is preferred over other wireless technologies because of its various advantages, such as highly precise measurement accuracy, enhanced target recognition, and ease of deployment. UWB-powered RTLS solutions operate in a large bandwidth spectrum, generally greater than 500 MHz and are characterized by high accuracy. . The use of UWB technology-based RTLS solutions in the manufacturing plants help stakeholders to make timely decisions to improve productivity, reduce waste, and effective asset utilization.
Restraint: Interference from other narrowband wireless systems
UWB-based wireless communications systems are highly vulnerable to interference from other existing narrowband wireless communication systems due to very low-power transmission of short pulses in UWB-based wireless communication. Wireless UWB systems use an allocated frequency spectrum in many parts of the world. The use of the allocated frequency spectrum under the unlicensed spectrum for UWB technology is possible because of the low power spectral density of the UWB signal. For communication, the UWB system uses the frequency band ranging from 3.1 to 10.6 GH, and other narrowband wireless communication standards such as IEEE802.11a and cellular networks can interfere with UWB signals as they operate in similar frequency spectrums. Thus, the high risk of interference limits the growth of UWB technology for outdoor wireless communication applications.
Communication application to hold largest share of UWB market in 2025
UWB wireless technology offers significant advantages in communication applications owing to its narrow pulses and high localization precision. UWB communications systems are receiving significant attention due to their high data rates and low power consumption, as well as the ability to reduce interference. UWB technology is also used as a communication link in the ad-hoc sensor network. There is a sudden rise in communication applications for UWB as various companies are now using this technology in smartphones for mobile tracking services and better connectivity. Also, UWB antennas are used for wireless communication as they reduce the complexity and fabrication cost when high data rate transition, covering a larger area, is required.
Automotive and transportation would be fastest-growing vertical in UWB market during forecast period
The automotive and transportation industry has witnessed arrays of new and emerging applications for UWB technology. Since the past few years, wireless technology is majorly used in automobiles for the radio reception and navigation purposes. However, recently, automotive applications such as vehicle-to-vehicle and vehicle-to-infrastructure communication gained significant consideration from automobile manufacturers across the world. UWB location tracking technology makes the human–machine interface in automobiles easier and better. It results in novel comfort applications such as smart car 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
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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