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:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200905786
Opportunity: New application areas of UWB technology in wireless sensor network
A wireless sensor network is a type of ad hoc network designed for areas where wiring and power supply is difficult to achieve. Over the years, wireless sensor network has gained significant attention in the military, transportation, and other industries. The conventional carrier-based wireless communication technologies are unable to meet the requirements for low power consumption, low cost, user-friendly design, and interference immunity. Hence, researchers are getting attracted toward UWB technology due to its feature of short pulses. The use of carrier less short pulses in UWB, which offers effective and reasonable transmission in the wireless sensor network, has an array of advantages over other carrier-based communication technologies. The advantages of UWB technology-based solutions in terms of cost, size, and power consumption fulfill the requirements of the microsensor node used in the wireless sensor network. Moreover, its capability for high data transmission in a short distance facilitates the gateway nodes to transmit data.
Challenge: Complexities in channel estimation for UWB communications
Channel estimation is one of the most important parameters considered while designing a receiver for deployment in any wireless communications network. The receiver used in the UWB-based wireless communication system correlates the received signal with a predefined template signal. However, as a result of the extremely wide bandwidth and very low signal energy, a short pulse used in UWB technology undergoes pulse distortion, thereby making channel estimation in the UWB-based communication system highly complicated. Furthermore, the large frequency band of UWB increases the antenna swap-out (or additions), as well as the complexity of antenna counts, which makes the channel estimation more difficult.
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.
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment