The ultra-wideband (UWB) market was estimated to be worth USD 62.9 Million in 2016 and is expected to reach USD 85.4 Million by 2022, at a CAGR of 5.2% between 2016 and 2022. The growing adoption of UWB technology for resource utilization and workflow optimization in several industries, increasing technological advancements in terms of position accuracy and range, along with rising market competitiveness are the major drivers for the growth of the UWB market.
The UWB market is expected to witness a high growth in real-time location system (RTLS) applications in different sectors such as manufacturing, and healthcare among others in the near future and become a mainstream technology for tracking and locating solution vendors. With an increase in awareness regarding the advantages of automatic asset tracking and management, the market for UWB-based RTLS solutions is expected to grow at a significant rate between 2016 and 2022, which is expected to boost the UWB market between 2016 and 2022.
The rising demand and adoption of precise and reliable RTLS in emerging markets have encouraged the UWB companies to adopt the strategy of new product launches and development. The market players are also focusing on partnerships, agreements, and collaborations to enter into new markets by launching technologically advanced and innovative RTLS solutions in both the existing and emerging markets. Companies such as Nanotron Technologies GmbH (Ireland) and BeSpoon SAS (France) have adopted new product launches, whereas DecaWave (Ireland) and 5D Robotics, Inc. (U.S.) have adopted partnerships and collaborations as their main strategy.
DecaWave Ltd. (Ireland) and 5D Robotics, Inc. (U.S.) are the two major players in the UWB market. DecaWave Ltd. has developed the DWM1000 chip, which is suitable to be used in a wide range of applications. DWM1000 chip is compliant with IEEE 802.15.4-2011 standards and facilitates 6.8 Mb/s data rate in wireless sensor networks (WSN). The new DWM1000 chip is available in a 6x6 mm 48-pin quad flat no-leads (QFN) package, which makes this chip suitable for a broad range of location tracking applications. According to the company, the new chip offers a precision of 10 cm in an indoor environment. Moreover, the DWM1000 chip offers data rate communications of up to 6.8 Mb/s in WSN. The company focuses heavily on research and development (R&D). The company has broadened the scope of its products across various applications such as safety healthcare, security, agriculture, and military to enhance value of their product portfolio.
In July 2016, 5D Robotics, Inc. acquired Time Domain, Inc. (U.S.). The company has collaborated with Time Domain since 2012. 5D Robotics, Inc. has used the PulsON chip of Time Domain, Inc. into precision autonomous navigation and positioning solutions for a wide variety of air and ground vehicles.
Pulse~LINK, Inc. (U.S.) has performed an extensive R&D on its CWave product portfolio. The company’s CWave product is a single-chip solution that offers extended home networks on coaxial cable without additional extra wiring. The company has invested a total of USD 100 million in R&D for its CWave technology. In 2013, the product was commercialized and has been witnessing significant popularity in North America and Europe. Apart from home networking, the company has also expanded its product portfolio for the automotive, aviation, military, and enterprise applications. The CWave chipset is expected to strengthen the position of Pulse~LINK, Inc. in the UWB market because of the rising demand of this chipset in home networking and triple play services.
“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.
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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment