Press release
Ultra Wideband Market Set to Witness an Uptick by 2025
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Ultra wideband has two prime type of applications that are applications involving radar, and application involving voice and data transmission using data pulses. Ultra wideband is appropriate for short-range and high-speed data transmissions for WPAN applications. Ultra wideband is used in ground penetrating radar and other military communications due to its speed and accuracy in timing.
On the basis of regions, the global ultra-wideband market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East and Africa.
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In the U.S., the Federal Communications Commission commercialized usage of ultra-wideband in February, 2002. North America is among the major contributor in terms of revenue in 2015 to the global ultra-wideband market. Asia Pacific is having huge potential and is expected to experience maximum growth during the forecast period. Latin America and Eastern Europe regions are also expected to experience healthy growth in terms of revenue. Japan and Western Europe market is contributing to a greater extent after North America in terms of global ultra-wideband revenue.
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Advancement in IoT offers huge potential for various wireless communications technologies. The manufacturing industries are gradually adopting ultra-wideband technology to track assets and manage inventory. These factors are encouraging the growth of global ultra-wideband market. Growing deployment of smart solutions across various industries, government initiatives towards energy saving nd energy management, growing demand for cloud-based solutions are a few other factors which are expected to drive the growth of global ultra-wideband market.
However, low operating range of the ultra-wideband technology is obstructing the wide adoption of ultra-wideband technology. Premium pricing of the devices as compared to its counterparts and limited throughput are the factors acting as the growth barriers for the global ultra-wideband market.
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