Ultra-Wideband Global Market Report 2024

Ultra-Wideband Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ultra-wideband market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for ultra-wideband? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ultra-wideband market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Impulse Radio; Multiband Ultra-Wideband
• 2) By System: Vehicular Radar System; Imaging Systems; Communication And Measurement Systems
• 3) By Application: RTLS (Real-Time Location System) Or WNS (Wireless Networking Services); Imaging; Communication; Other Applications
• 4) By Vertical: Healthcare; Automotive And Transportation; Manufacturing; Consumer Electronics; Retail; Residential; Other Verticals
• Companies Mentioned: DecaWave Limited; Apple Inc.; 5D Robotics Inc.; PulseLINK Inc.; BeSpoon SAS
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Ultra-wideband (UWB) represents a radio technology facilitating high-bandwidth, short-range communications utilizing minimal energy, covering a significant portion of the radio spectrum.

The primary types of UWB encompass impulse radio and multiband ultra-wideband. Impulse radio (IR-UWB) operates through the transmission of either a single pulse (new paradigm) or a burst of pulses (legacy) for each information symbol. Systems utilizing ultra-wideband technology include vehicular radar systems, imaging systems, communication and measurement systems, catering to various industries or verticals such as healthcare, automotive and transportation, manufacturing, consumer electronics, retail, residential, and others. These technologies find applications in real-time location systems (RTLS) or wireless networking services (WNS), imaging processes, communication functions, and more.

The ultra-wideband market research report is one of a series of new reports from The Business Research Company that provides ultra-wideband market statistics, including ultra-wideband industry global market size, regional shares, competitors with a ultra-wideband market share, detailed ultra-wideband market segments, market trends and opportunities, and any further data you may need to thrive in the ultra-wideband industry. This ultra-wideband market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ultra-wideband market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth observed during the historical period in the ultra-wideband market can be attributed to several key factors, including advancements in wireless communication technology, integration of UWB in consumer electronics, the emergence and adoption of real-time location systems (RTLS), increased connectivity requirements in the automotive sector, advancements in security and impulse radio technologies, regulatory support, spectrum allocation initiatives, and the growing demand for high-data-rate wireless networks, along with the expansion of smart home and automation systems.

The ultra-wideband market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period of the ultra-wideband (UWB) market is expected due to several contributing factors. These include the rising demand for accurate indoor positioning technologies, the integration of UWB in smart city initiatives and infrastructure development, the utilization of UWB in automotive radar systems, the emergence of UWB-based access control systems, its incorporation in smart agriculture applications, and the utilization of UWB-based wearables in healthcare. Key trends expected in the forecast period encompass increased adoption of UWB in smartphones, the use of UWB for secure access control purposes, integration of UWB in robotics and automation solutions, leveraging UWB for secure transactions, heightened investments in UWB technology R&D, and collaborations aimed at developing UWB-based solutions across various industries.

The surge in demand for consumer electronics is anticipated to be a driving force behind the growth of the ultra-wideband market in the future. Consumer electronics encompass electronic devices designed for everyday, private, or professional use by end consumers. Ultra-wideband (UWB) technology in consumer electronics facilitates high-speed data transfer, precise location tracking, and reliable connectivity. This enhances user experiences in devices such as smartphones, smartwatches, and wireless peripherals. As of May 2023, data from the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, indicates that total electronic equipment production in Japan reached $52,36,535 million. Notably, consumer electronics production increased from $1,714,724 million in May 2022 to $2,178,430 million in May 2023. Therefore, the growing demand for consumer electronics is a key driver propelling the expansion of the ultra-wideband market.

The increasing adoption of smart homes is poised to drive the growth of the ultra-wideband market in the coming years. Smart homes are residences equipped with interconnected and automated technologies that allow homeowners to control and monitor various aspects of their living environment. Ultra-wideband technology enhances smart homes by providing high-speed and reliable connectivity for seamless communication between smart devices. This enables quick data transfer and precise location tracking within the smart home ecosystem. A 2023 smart home support survey report by TechSee Augmented Vision Ltd., an Israel-based computer software company, indicates a rise in smart home adoption, with 40% of U.S. consumers already incorporating smart home devices. Notably, smart speakers (49%) and smart thermostats (32%) are among the most adopted devices, with a majority of respondents emphasizing the importance of easy usability (52%) and installation (51%) when purchasing new devices. The increasing popularity of smart homes is expected to be a significant driver for the growth of the ultra-wideband market.

A notable trend in the ultra-wideband market is the focus on technological advancement by major industry players. Companies operating in this market are actively developing and launching new technological solutions to strengthen their market positions. For instance, in February 2022, Verizon Communications Inc., a US-based telecommunications company, introduced 5G ultra-wideband in three additional markets including Sacramento, Seattle, and Pensacola, Florida. This 5th generation ultra-wideband service utilizes millimeter-wave (mmWave) spectrum, offering users the fastest possible connection speeds. Technological advancements such as these underscore the commitment of key players to stay at the forefront of innovation in the ultra-wideband market.

Major players in the ultra-wideband market are intensifying their focus on the introduction of single-chip ultra-wideband products, exemplified by innovations such as the Trimension TM NCJ29D6, to gain a competitive advantage in the market. The Trimension TM NCJ29D6 represents a state-of-the-art Near Field Communication (NFC) and Ultra-Wideband (UWB) integrated solution engineered for secure, precise, and contactless communication across various applications. In October 2023, NXP Semiconductors, a semiconductor manufacturing company based in the Netherlands, unveiled the Trimension TM NCJ29D6. This fully integrated automotive single-chip ultra-wideband (UWB) series incorporates advanced real-time positioning and short-range radar capabilities. It serves as a versatile solution for diverse applications, including secure car access, child presence detection, intrusion alerts, and gesture recognition. This integration streamlines multiple functionalities within a singular system, providing a comprehensive solution.

Infineon Technologies AG, a semiconductor manufacturing company headquartered in Germany, executed the acquisition of 3db Access AG in October 2023 for an undisclosed amount. This strategic move is geared towards reinforcing Infineon's connectivity portfolio, with a specific focus on secured smart access, precise localization, and enhanced sensing. 3db Access AG, based in Switzerland, specializes in the development and commercialization of secure, ultra-low-power, and high-precision integrated ultra-wideband (UWB) ranging and sensing solutions. This acquisition underscores the commitment of major industry players to expanding their technological capabilities and product offerings in the dynamic ultra-wideband market.

Major companies operating in the ultra-wideband market report are DecaWave Limited, Apple Inc., 5D Robotics Inc., PulseLINK Inc., BeSpoon SAS, Zebra Technologies Corporation, NXP Semiconductors N.V., Texas Instruments Incorporated, Johanson Technology Inc., Alereon Inc., Fractus Antennas S.L., Nanotron Technologies GmbH, Sony Group Corporation, Ubisense Group plc, Taiyo Yuden Co. Ltd., Transcendia Inc., Starix Technology Inc., AKELA Inc., General Atomics Corp., Qorvo Inc., Humatics Corporation, Fractus SA, Intel Corporation, Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Xiaomi Corporation, Robert Bosch GmbH, XtremeSpectrum Inc., Eliko Antennas Ltd., Pozyx Labs NV, Roke Manor Research Limited, Mauna Kea Technologies SA, GeneSiC Semiconductor Inc., Cambridge Wireless Limited, UWINLOC SAS

North America was the largest region in the ultra-wideband market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ultra-wideband market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the ultra-wideband market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ultra-wideband market consists of sales of wireless technology that has a -10 dB bandwidth greater than 500 MHz or a fractional bandwidth greater than 20% that is used for short-range and fast and stable transmission of data. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.