Ultra Wideband (UWB) Market expected to record an exponential growth globally with impressive CAGR by 2022

According to the new market research report "Ultra-Wideband (UWB) Market by End-User (Healthcare, Automotive and Transportation, Manufacturing, Residential Retail), Application (RTLS/WSN, Imaging), and Geography (North America, Europe, Asia-Pacific, Rest of the World) - Global Forecast to 2022", is expected to grow from USD 62.9 Million in 2016 to reach USD 85.4 Million by 2022, at a CAGR of 5.2% between 2016 and 2022.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200905786

The scope of this report covers the ultra-wideband (UWB) market on the basis of end user, application, and geography. The healthcare vertical led the UWB market in 2015, and the trend is expected to continue till 2022. The high acceptance rate of UWB technology in healthcare to track and monitor assets, personnel, and patients as well as to maintain a hygienic environment is dominant factor behind the largest ultra-wideband market share of the healthcare end user segment. Residential and manufacturing segment are expected to grow at the highest rate in the UWB market between 2016 and 2022 because of the broad application and use cases of UWB technology in these industries.

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.

“Key players in the UWB market see Asia-Pacific as a lucrative region between 2016 and 2022”

The Asia-Pacific (APAC) region includes some of the fastest-growing economies in the world, such as China and India. This region also includes some technologically advanced countries, such as Japan, Singapore, South Korea, and Australia. The rapid growth of the healthcare sector in China, Japan, and South Korea, along with the growth of the process industries in developing countries of this region, is expected to offer significant growth opportunities to the UWB market between 2016 and 2022. Moreover, the retail and automotive and transportation industries have contributed majorly to the growth of the UWB-based RTLS solution in the APAC region.

The major players in the UWB market include DecaWave Ltd. (Ireland), 5D Robotics Inc. (U.S.), Pulse ~LINK, Inc. (U.S.), Alereon, Inc. (U.S.), BeSpoon SAS (France), Fractus Antennas S.L. (Spain), Johanson Technology, Inc. (U.S.), and Nanotron Technologies GmbH (Germany).

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.

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