The global ultra-wideband market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing adoption of IoT by industries globally. The increasing number of wireless sensor networks and growing technological advancement in the mobile will fuel the growth of the market during the forecast period.
During the COVID-19 pandemic, the increased adoption of remote monitoring technology, software management tools has expected to witness growth in the global ultra-wideband market. Along with that use of Real-Time Locating Systems (RTLS) have also increased to track and locate people in hospitals and malls during the COVID-19 pandemic this, in turn, will increase the demand for the global ultra-wideband market.
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The ultra-wideband generally works on the frequency of 500 MHz which gives it accuracy when deployed with RTLS. This opens opportunities for the global ultra-wideband market for various applications such as military, transportation, and many other industries. In September 2019, Apple launched iPhone 11 with the ultra-wideband chip called U1 chips that helped the phone to connect with other devices and to detect motion of the phones. Furthermore, in 2019, Delaware and HERE technologies deployed a high-accuracy indoor location service that used the ultra-wideband technology for tracking the movement of the person inside the house. All these factors combines will fuel the growth of the market during the forecast period. Some of the key players in the global ultra-wideband market include Samsung Electronics, Sony, Ubisense, Decawave, Apple, and many others.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
o By Positioning System
o By Vertical
- Competitive Landscape -Samsung Electronics, Sony Inc., Ubisense, Decawave, Apple Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Ultra-Wideband Market by Segments
By Application
- WNS/RTLS
- Imaging
- Communication
- Authentication
By Positioning System
- Indoor
- Outdoor
By Vertical
- Healthcare
- Automotive and Transportation
- Manufacturing
- Consumer Electronics
- Retail
- Residential
- Military and Defense
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
