Ultra-Wideband Market - Forecast(2024 - 2030)

Report Code: ESR 95992 Report Format: PDF + Excel

Ultra-Wideband Market Overview

Ultra-Wideband Market size is projected to reach US$ 3.2 billion by 2026, and it is estimated to grow at around CAGR 19.4% during 2021-2026. The growth of ultra-wideband market is majorly attributed to the increasing demand for precise and accurate real-time asset and personnel tracking solutions. Increasing popularity of UWB technology among consumers due to its low power requirement, low cost solution, high data rate transition and ability to reduce inter-symbol interference has significantly triggered the market growth. With increasing adoption of real-time location solution for indoor imaging system in industrial applications to streamline and automate business operations increasing efficiency and creating new opportunities the demand for Ultra-wideband market has gained a huge traction. The beneficial capabilities and feasibility of using multi-band orthogonal frequency division multiplexing (OFDM) UWB for wireless communication in asset monitoring are stimulating the market. Rising adoption of ultra-wideband based wireless sensor network with an extremely narrow pulse enabling high speed transmission of data is augmenting the market. Furthermore, potential application of UWB radar imaging in medical field is analyzed to boost the market. 

Ultra-Wideband Market Report Coverage

The report: “Ultra-Wideband Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Ultra-Wideband Market.
By Offering: Hardware (Tags, sensors, vision reader, Wand module, anchors, others), software, services
By positioning system: indoor, outdoor
By application: real time location tracking (asset/inventory tracking, vehicle/fleet tracking, personnel tracking, shipping container tracking, patient tracking, others), passive keyless entry & ignition, remote sensing & medical imaging, communication, others
By End User: Industrial (Automotive, Defense, BFSI, Healthcare, Food & beverages, Power, Retail & e-commerce, Utilities, Logistics & transportation, Oil & Gas, Others), Commercial (Restaurants & hotels, shopping malls, stadiums, travel & tourism, others), Residential/ consumer electronics
By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia,Rest of Europe); APAC (China, Japan, South Korea, India, Australia,Rest of APAC); South America(Brazil, Argentina, Rest of Americas) & RoW (Middle East & Africa)

Key Takeaways

  • Consumer electronics is estimated to account for the largest market share during 2021-2026 due to increasing popularity among consumers for its low power and low cost solutions.
  • North America is estimated to dominate the market during 2021-2026 owing to high investments towards up-gradation of advanced technologies and massive adoption of indoor positioning and navigation system.
  • Increasing adoption of Real time location systems and massive transition towards wireless technology are driving the market.
  • Complexity in channel estimation is analyzed to impede the market growth during 2021-2026.
Global Ultra-Wideband Market Share (US$B), 2020-2026

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Ultra-Wideband Market Segment Analysis – By Positioning System

By positioning system, Ultra-Wideband market is segmented into Indoor positioning system and Outdoor positioning system. Indoor positioning system dominated the market in 2020 with a market share of 64% and is estimated to hold the largest market share by 2026 owing to rising demand for precise and fast indoor localization in industrial environments. Increasing adoption of geo-fencing accelerating intelligent process automation to speed up the operations has contributed to the growth of the market. Rising demand for UWB technology for robot localization technique is anticipated to drive the market. According to reports, in October 2020, NXP extended its ultra-wideband portfolio to optimize IoT use cases such as RTLS with high accuracy. Such developments are analyzed to stimulate the market growth during 2021-2026.

Ultra-Wideband Market Segment Analysis – By End user

By end user, Ultra-Wideband market is segmented into industrial and consumer electronics sector. Consumer electronics dominated the market in 2020 acquiring a share of 57% and is analyzed to dominate the Ultra-Wideband market during 2021-2026 with a CAGR 9.67% owing to wide range of applications in home consumer electronics such as MP3 players, personal digital assistants (PDA), PC, HDTVs. Increasing adoption of high end smartphones, key fobs leveraging UWB technology is also stimulating the market. Increasing penetration of smart cities and smart homes with the continuous advancements in IIoTs have contributed to the growth of the market. In September 2020, Tesla announced to integrate ultra-wideband technology into Apple CarKey for its future vehicles and such developments are set to drive the market. In industrial sector, Logistics and transportation is analyzed to witness significant market growth during 2021-2026 owing to increasing penetration of digitalization for real-time asset tracking and monitoring, robot localization and transmission of sensory data to optimize the whole automation process.

Ultra-Wideband Market Segment Analysis – By Geography

By Geography, ultra-wideband market is segmented into North America, Europe, APAC, South America and RoW. North America dominated the Ultra-Wideband Market in 2020 acquiring a share of 36% and is estimated to hold the major ultra-wideband market share with a CAGR 12.45% during 2021-2026 owing to early adoption of wireless sensor network, massive penetration of indoor positioning and navigation system, advancements in medical imaging and high investments towards up-gradation of latest technologies. In February 2021, Belgian company Pozyx announced to open its office in US to expand its positioning based ultra-wideband technology in North America. APAC is estimated to be the fastest growing market with a CAGR 14.67% during the forecast period 2021-2026 owing to rapid industrialization, quick and massive adoption of digitalization, quick deployment of 5G infrastructure and shift towards wireless communication. South-east Asia is anticipated to be the hot-zone for establishing smart manufacturing hubs from 2021 to 2026 and thus augmenting the market.

Ultra-Wideband Market Drivers

Increasing adoption of real-time location system in industrial applications

Increasing convergence of operational technologies with digitalization for accurate real-time location tracking and monitoring of asset and every operational process enhancing overall efficiency have contributed to the growth of the market. The growth of the market is propelled by increasing adoption of UWB based real time location system analyzing complex location data to gain insight for controlling intralogistics and material flow enabling industry 4.0 to become reality. In June, 2019 NXP introduced enhanced security access with localization leveraging ultra-wideband technology for automotive and other IoT applications and such developments are augmenting the market.

Increasing transition towards wireless communication

Traditional wired systems in industries require physical cabling between machines, which need to go through hazardous areas and may connect to moving parts, increasing the need for maintenance and risk of failure. On the other hand, the fixed infrastructure of wired system cannot be configured easily to make more efficient use of machinery or to adapt to changing demand. Moreover, wired technologies require more administrative costs to install wiring system throughout the factory. These drawbacks of wired system are accelerating the adoption of wireless technologies. The UWB technology of wireless network operates at a very high frequency using very low energy offering a myriad of new services for enterprises and consumers such as hands free access control, location based services and such benefits are anticipated to boost the market growth during forecast period 2021-2026. According to reports, in February 2021, US based telecom equipment supplier Pivotal Commware raised USD 50 million for expansion and development of ultra-wideband 5G communications and such investments are set to boost the market.

Ultra-Wideband Market Challenges

Complicated channel estimation

The wide range of frequency in UWB spectrum and the reduced signal energy cause pulse distortion and thus the channel estimation in UWB communication systems becomes very complicated. Due to this complexity in channel estimation the adoption of UWB is hampered.

Ultra-Wideband Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Ultra-Wideband Market. In 2020, the market of Ultra-wideband industry outlook has been fragmented by several companies.       Ultra-Wideband top 10 companies include Zebra Technologies Corporation, DecaWave Ltd., Taiyo Yuden CO., LTD., Nanotron Technologies GmbH, 5D Robotics, Inc., Johanson Technology, Inc., Pulse ~LINK, Inc., BeSpoon SAS, Alereon, Inc., Samsung Electronics Co., Ltd. and others.

Acquisitions/Technology Launches

In February 2021, UWB Alliance announced its collaboration with Omlox to foster the expansion of UWB technology globally.
In February 2021, Zyter announced to choose Verizon’s 5G ultra-wideband technology for optimizing sports and entertainment venue operations to deliver an immersive and smarter audience experience. 

Relevant Report Title:

Report Code: ESR 0037

Report Code: ITR 0008

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1. Ultra-Wideband Market - Overview
        1.1 Definitions and Scope
2. Ultra-Wideband Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Ultra-Wideband Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Ultra-Wideband Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Ultra-Wideband Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Ultra-Wideband Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Ultra-Wideband Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Ultra-Wideband Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Ultra-Wideband Market - By End-User (Market Size -$Million / $Billion)
9.1 Healthcare
9.2 Automotive And Transportation
9.3 Manufacturing
9.4 Residential
9.5 Retail
10. Ultra-Wideband Market - By Application (Market Size -$Million / $Billion)
10.1 Rtls/Wsn
10.2 Imaging
11. Ultra-Wideband- By Geography (Market Size -$Million / $Billion)
        11.1 Ultra-Wideband Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Ultra-Wideband- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Ultra-Wideband- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Ultra-Wideband - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Ultra-Wideband - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Ultra-Wideband Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Ultra-Wideband Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Ultra-Wideband Market - Key Company List by Country Premium
15. Ultra-Wideband Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 5D Robotics Inc
        15.3 Alereon, Inc
        15.4 Bespoon Sa
        15.5 Decawave Ltd
        15.6 Fractus Antenna S.L
        15.7 Johanson Technology, Inc
        15.8 Nanotron Technology Gmbh
        15.9 Pulse~Link, Inc
        15.10 Samsung Electronics Co , Ltd
        15.11 Taiyo Yuden Co , Ltd
        15.12 Zebra Technology Corporation
        15.13 Company 13
        15.14 Company 14 & More
*Financials would be provided on a best efforts basis for private companies
16. Ultra-Wideband Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Ultra-Wideband Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Uwb Market By End-User Market 2023-2030 ($M)
1.1 Healthcare Market 2023-2030 ($M) - Global Industry Research
1.2 Automotive And Transportation Market 2023-2030 ($M) - Global Industry Research
1.3 Manufacturing Market 2023-2030 ($M) - Global Industry Research
1.4 Residential Market 2023-2030 ($M) - Global Industry Research
1.5 Retail Market 2023-2030 ($M) - Global Industry Research
2.Global Uwb Market By End-User Market 2023-2030 (Volume/Units)
2.1 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Automotive And Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Residential Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Uwb Market By End-User Market 2023-2030 ($M)
3.1 Healthcare Market 2023-2030 ($M) - Regional Industry Research
3.2 Automotive And Transportation Market 2023-2030 ($M) - Regional Industry Research
3.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
3.4 Residential Market 2023-2030 ($M) - Regional Industry Research
3.5 Retail Market 2023-2030 ($M) - Regional Industry Research
4.South America Uwb Market By End-User Market 2023-2030 ($M)
4.1 Healthcare Market 2023-2030 ($M) - Regional Industry Research
4.2 Automotive And Transportation Market 2023-2030 ($M) - Regional Industry Research
4.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
4.4 Residential Market 2023-2030 ($M) - Regional Industry Research
4.5 Retail Market 2023-2030 ($M) - Regional Industry Research
5.Europe Uwb Market By End-User Market 2023-2030 ($M)
5.1 Healthcare Market 2023-2030 ($M) - Regional Industry Research
5.2 Automotive And Transportation Market 2023-2030 ($M) - Regional Industry Research
5.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
5.4 Residential Market 2023-2030 ($M) - Regional Industry Research
5.5 Retail Market 2023-2030 ($M) - Regional Industry Research
6.APAC Uwb Market By End-User Market 2023-2030 ($M)
6.1 Healthcare Market 2023-2030 ($M) - Regional Industry Research
6.2 Automotive And Transportation Market 2023-2030 ($M) - Regional Industry Research
6.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
6.4 Residential Market 2023-2030 ($M) - Regional Industry Research
6.5 Retail Market 2023-2030 ($M) - Regional Industry Research
7.MENA Uwb Market By End-User Market 2023-2030 ($M)
7.1 Healthcare Market 2023-2030 ($M) - Regional Industry Research
7.2 Automotive And Transportation Market 2023-2030 ($M) - Regional Industry Research
7.3 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
7.4 Residential Market 2023-2030 ($M) - Regional Industry Research
7.5 Retail Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Ultra-Wideband Market Revenue, 2023-2030 ($M)
2.Canada Ultra-Wideband Market Revenue, 2023-2030 ($M)
3.Mexico Ultra-Wideband Market Revenue, 2023-2030 ($M)
4.Brazil Ultra-Wideband Market Revenue, 2023-2030 ($M)
5.Argentina Ultra-Wideband Market Revenue, 2023-2030 ($M)
6.Peru Ultra-Wideband Market Revenue, 2023-2030 ($M)
7.Colombia Ultra-Wideband Market Revenue, 2023-2030 ($M)
8.Chile Ultra-Wideband Market Revenue, 2023-2030 ($M)
9.Rest of South America Ultra-Wideband Market Revenue, 2023-2030 ($M)
10.UK Ultra-Wideband Market Revenue, 2023-2030 ($M)
11.Germany Ultra-Wideband Market Revenue, 2023-2030 ($M)
12.France Ultra-Wideband Market Revenue, 2023-2030 ($M)
13.Italy Ultra-Wideband Market Revenue, 2023-2030 ($M)
14.Spain Ultra-Wideband Market Revenue, 2023-2030 ($M)
15.Rest of Europe Ultra-Wideband Market Revenue, 2023-2030 ($M)
16.China Ultra-Wideband Market Revenue, 2023-2030 ($M)
17.India Ultra-Wideband Market Revenue, 2023-2030 ($M)
18.Japan Ultra-Wideband Market Revenue, 2023-2030 ($M)
19.South Korea Ultra-Wideband Market Revenue, 2023-2030 ($M)
20.South Africa Ultra-Wideband Market Revenue, 2023-2030 ($M)
21.North America Ultra-Wideband By Application
22.South America Ultra-Wideband By Application
23.Europe Ultra-Wideband By Application
24.APAC Ultra-Wideband By Application
25.MENA Ultra-Wideband By Application
26.Samsung Electronics Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Taiyo Yuden Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Zebra Technology Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Alereon, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Pulse~Link, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.5D Robotics Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Decawave Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Fractus Antenna S.L, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nanotron Technology Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Johanson Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Bespoon Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)