Ultra-Wideband (UWB) Market by End-User Healthcare, Automotive and Transportation, Manufacturing,

The global UWB market 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 growing demand for UWB technology in RTLS applications and the increasing adoption of the Industrial Internet of Things (IIoT). Ongoing advancements in new application areas of UWB technology in the wireless sensor network and growing deployment of this technology in mobile devices have increased the scope of UWB technology.

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Based on positioning system, the market for outdoor positioning systems is expected to grow at a higher CAGR during the forecast period. 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.

Based on application, the communication application held the largest market share in 2019. The demand for wireless wideband communications systems has increased significantly owing to emerging applications such as mobile ad-hoc networking and data collection through a wireless sensor network. UWB wireless technology offers significant advantages in this application 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.

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Based on vertical, the market for automotive & transportation is expected to grow at the highest rate. UWB location tracking technology makes the human-machine interface in automobiles easier and better. It results in novel comfort applications such as smart card 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.

The UWB market in North America held the largest size in 2019. RTLS would be the fastest-growing application in the North American UWB market due to the growing trend of smart homes and the rising penetration of home automation devices in the region. Factors such as recent development of UWB technology-based precision positioning systems and their utilization in healthcare RTLS and medical imaging applications are also expected to be the primary reasons for the significant CAGR of RTLS and imaging applications in the North American UWB market during the forecast period. 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.

Mr. Ashish Mehra
MarketsandMarkets(TM) INC.
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