Major players in the Ultra-Wideband Market are Decawave (acquired by Qorvo Inc. (US)), Apple (US)

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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North America to hold largest market share of UWB market from 2020 to 2025

North America is expected to hold the largest share of the UWB market mainly because it is one of the largest markets for RTLS products and also has significant presence in the automotive industry. 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.  Likewise, the presence of providers of UWB-based RTLS solutions in this region also contributes significantly to the growth of the UWB market in North America.

Key Market Players

Major players in the UWB market are Decawave (acquired by Qorvo Inc. (US)), Apple (US), 5D Robotics (US), Pulse~LINK (US), and BeSpoon (France).

Decawave (Ireland) is the dominant player in the global UWB market. The company is engaged in designing and manufacturing of integrated circuits for real-time location and communication systems based on its UWB wireless technology platform. UWB products offered by Decawave support the IEEE802.15.4-2011 standard and offer precision in line of sight applications. The company offers a UWB-based DWM1000 chip. Decawave opened its first office in the US in 2014 to expand its geographical reach and also has regional offices in California (US) and China and marks presence in South Korea, France, and Japan.

UWB market for outdoor positioning systems is fastest-growing market

UWB technology is currently being employed for limited outdoor positioning applications because of the limited wireless communication range and premium pricing of UWB chips.  UWB technology has the advantage of low power consumption; hence, it is increasingly being used in portable devices that are adopted for many outdoor communications applications, radar imaging, medical imaging, asset tracking, surveillance, vehicular radar, and intelligent transportation.  UWB is also used in outdoor positioning systems, together with GPS.

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.

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