What is Ultra-Wideband Technology Market Scope?
Ultra wide-band technology or UWB are high-frequency radio waves that are used to communicate at a short-range using low energy. In fact, UWB is also called short-distance GPS. With better performance than other wireless technologies with the likes of Bluetooth, Wi-Fi, and NFC. UWB using radio waves can locate devices within few centimeters of their actual position, which is drastically better than Bluetooth or Wi-Fi which roughly detected the devices. With 5G, mixed reality, and IOT on the verge of growing big, UWB would act as a bridge between all.
Ultra-Wideband Technology Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Rising Innovation and Demand of BLE Beacon Technology Used through UWB Technology
- Better and Accurate RTLS Performance of UWB Technology Over Wi-Fi and Bluetooth
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Influencing Trends | - Increasing Adoption of UWB Chips and Technology in the Upcoming Flagship Smartphones Such as Samsung and Apple
- Use of UWB Keys for Cars and Residential Homes, as Well as for Secured Payment Apps
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Restraints | - High Cost of Manufacturing UWB Devices and High Operational Cost
- UWB Technology have High Vulnerability of Interfering with Other Narrow Band Frequencies, which Limits the Use of UWB Technology Only in Indoor Surroundings
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Road Blocks / Challenges | - Insufficient Existing Infrastructure, Currently UWB Enabled Devices have Low Interoperability with Other Devices Compared to Wifi and Bluetooth
- The Technology is yet Evolving and Complex and would Take Further Innovation for Wide-Scale Role Out
- Interference from Other Narrowband Wireless Systems
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Gaps & Opportunities | - Use of UWB to Enhance IoT During Upcoming 5g Revolution
- With 5g Revolution, would come the Virtual, Augmented and Mixed Reality, UWB could be an Excellent Bridge Maker Between Physical and Digital World
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The Ultra-Wideband Technology market study is being classified by Type (Single Band and Multi-Band), by Application and major geographies with country level break-up.
The industry is experiencing a boom in recent years due to increased applications in flagship smartphones and IoT devices. UWB technology is one of the fastest-growing technology. Decawave, 5D Robotics, Zebra Technologies, and Sewio Networks are current market leaders in UWB technology. UWB technology is already seen as an alternative to WiFi and Bluetooth. India, China, Japan, and South Korea are seen as emerging key markets for technology because of increased digitization and investments to improve technological infrastructure in these countries.
Sewio Networks (Czech Republic), 5D Robotics, Inc. (United States), Cambridge Wireless (United Kingdom), Infsoft (Germany), Indotraq (United States), DecaWave (Ireland), Wisair Ltd. (Israel), Comnovo GmbH (Germany), BeSpoon (France), Zebra Technologies (US) and Samsung Electronics (South Korea) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Time Domain (United States), Roke Manor Research (United Kingdom) and Novelda (Norway).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ultra-Wideband Technology market by Type, Application and Region.
On the basis of geography, the market of Ultra-Wideband Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In 2020, Qorvo completed the acquisition of UWB Chip Provider Decawave for USD 400m. Decawave which has origins in Ireland is a market leader in impulse radio UWB technology chipsets and modules. Decawave also recently deployed UWB technologies in JLR cars.
In 2020, Samsung Electronics manufactured and launched the world’s first android phone Samsung Galaxy Note 20 Ultra 5G enabled with UWB chipsets. and Based on the stats derived from United Nations Conference on Trade and Development source, the ICT good exports (% of total good exports) grew globally from 10.8 in 2015 to ~11.5 in 2019. In 2019, these exports in Hong Kong, and China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in South Korea, 8.74% in the United States, and 35.01% in Vietnam. These are some of the major factors that are boosting the growth of the market.
Key Target Audience
Ultra-Wideband Technology Providers, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
Ultra-Wideband Technology Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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