The global ultra-wideband market size was around USD 1.25 Billion in 2022 and is anticipated to reach USD 2.10 Billion by 2031, accelerating at a CAGR of 5.92% during the forecast period, 2023–2031. The market growth is attributed to the rising demand for personnel tracking solutions and real time location services.
Ultra-wideband (UWB) is a fast-emerging innovation of radio technology with unique features that delivers data from a transmitter to other devices at high rates with extremely low energy. UWB technology is used for wireless applications over a large portion of the radio spectrum.
The demand for wireless UWB communications technology is increasing rapidly to support users by providing more information than other narrowband wireless system with high data rates. It covers a wide bandwidth in the frequency domain.
UWB is a fast and accurate technology that helps to determine the real time and location of the assets and people within a short period of time. It is mostly used to transmit stable data as it transmits single band or multi-band pulses and determines the position of other devices quickly within the range of 200 meters.
Furthermore, UWB technology is somewhat similar to Wi-Fi and Bluetooth that uses radio waves, but is more effective and reliable than Wi-Fi and Bluetooth. UWB has an ability to penetrate the walls and obstacles that comes from the low-frequency components of the signal.
COVID-19 Impact on Ultra-wideband (UWB) Market
The ultra-wideband (UWB) market report finds that the COVID-19 pandemic moderately impacted on the global ultra-wideband market. The pandemic hampered the overall revenue generation of the global market, due to disrupting of the supply chain of the UWB vertical, such as manufacturing, consumer electronics, retail, healthcare, and automotive & transportation.
Moreover, preventive measures imposed by governments across the globe such as the lockdown increased the adoption of work-from-home in many sectors, which resulted in increasing the demand for UWB technology. The significant growth is attributed to the rising adoption of remote monitoring technology and software management tool among enterprises during the pandemic.
Ultra-wideband (UWB) Market Dynamics
The market research report provides a complete overview by providing detailed information and by focusing on growth and historic data to determine the key market trends, major drivers, existing restraints, growing opportunities, and emerging challenges. The global ultra-wideband market report includes a detailed analysis of the market that can help in shaping the overall performance and output of the market during the forecast period, 2023 to 2031.
Growing demand for IIoT
Growing demand for the industrial internet of things (IIoT) at a rapid pace is a major factor driving the growth of the global ultra-wideband market. IIoT is the smart sensor used to enhance manufacturing and other industrial applications. It reduces the labor charge and enables industries to automate the process that increases efficiency of industrial work.
New application areas of UWB technology in wireless sensor network
Increasing prevalence of consumer electronics and the continuous inventions of electronic devices, such as smartphones and laptops are the major factors fostering the global market growth. Rising advancements in new application areas of UWB technology in the wireless sensor network gained attention in aerospace, military, and other industries, which is anticipated to fuel the ultra-wideband market in the coming years.
There is growing vulnerability to cyber threats across the globe that hinders the global ultra-wideband market growth. UWB tool is used for creating smartphones without any restrictions. Therefore, it puts smartphones at risk of hacking and stalking, due to detailed and accurate information fed in smartphones regarding location. Easy access to sensitive information is the major factor anticipated to hamper the growth of the ultra-wideband market during the projected period.
Rising demand for UWB technology in RTLS applications
Widely increasing demand for UWB technology in real-time locating system (RTLS) application across the globe is a major key factor that creates growth opportunities for market players. RTLS offers accuracy over short to medium distances that is used to track the assets and location of users in real-time preferred over wireless technology.
It provides a wide bandwidth spectrum of frequency of more than 500 megahertz (MHz) that is known for accuracy. The rising demand for accurate measurement and time-based technologies accelerate the global ultra-wideband market growth during the assessment period.
Growth in investment for research and development
Growing investment in research and developing advanced technologies is a key factor accepted to fuel the global market in the coming years. Wireless technology has changed radically from phones to wearables and from cars to electrical appliances.
UWB technology is used in various car-related applications, such as parking guidance and other intra-vehicular networks that makes vehicles safe due to wireless sensor network. Increasing demand for industrial wireless sensor network from automotive industries leads to the growth of the global market during the forecast period.
Scope of Ultra-wideband (UWB) Market Report
The global ultra-wideband market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
Ultra-wideband Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Type (Impulse Radio and Multi-Band Ultra-wideband), System Type (Imaging System, Communication & Measurement System, and Vehicular Radar System), Technology (Short Range and Long Range), Service (Location-based Service, Wireless Peripheral Interface, and Internet Access & Multimedia Service), Positioning System (Indoor and Outdoor), End-User (Manufacturing, Government, Aerospace, Healthcare & Life Science, Automotive & Transportation, IT, Banking & Financial Service Industry, Retail, Utilities, Mobile & Entertainment, Consumer Electronics, E-commerce, Residential, and Travel & Hospitality), Application (Imaging, Communication, Real Time Locating System, Geolocation, High Speed LAN/WAN, Intrusion Detection, Data Links, Altimeter, and Covert Communications)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Industry Trends, and Revenue Forecast
Key Players Covered in the Report
3M; 5D Robotics, Inc.; ALEREON.COM; Altaeros; Apple Inc.; BeSpoon; Bleesk; Decawave (Qorvo, Inc); Emerson Electric Co.; Fractus Antennas S.L.; Fujitsu; Honeywell International Inc.; Humatics Corporation; IBM; infsoft GmbH; Intel Corporation; Johanson Technology; LitePoint; nanotron Technologies GmbH; Novelda AS; NXP Semiconductors; Pulse~LINK, Inc; Redpoint Positioning Corp.; Robert Bosch GmbH; SAMSUNG; Siemens; Sony Corporation; Stanley Black & Decker, Inc.; Starix Technology; STMicroelectronics; TAIYO YUDEN CO., LTD; Texas Instruments Incorporated; UBISENSE; and Zebra Technologies Corp.
Ultra-wideband (UWB) Market Segments Insights
Types Segment Analysis
On the basis of type, the global ultra-wideband market is bifurcated into impulse radio and multi-band ultra-wideband. The impulse radio segment is accounted for a key market share during the assessment period, as it enhanced the low power performance and carries free data transmission. It operates on the bandwidth pulse of six to nine gigahertz (GHz). Impulse radio transmits low energy pulses in a very short duration with the use of the specially designed wideband antenna.
The multi-band ultra-wideband segment is attributed to hold a key share of the global market in the coming years, as it divides the available frequency into multiple smaller bands. Multi-band ultra-wideband is a V-shaped antenna that provides a wide bandwidth to wireless communication applications.
System Type Segment Analysis
Based on system type, the global market is segregated into imaging system, communication and measurement system, and vehicular radar system. The communication and measurement system segment is projected to register a considerable CAGR during the projected period, due to rising demand for innovative RF solutions. It performs measurement and data collection through radio frequency. The communication and measurement system has an ability to reduce interference, which receiving significant attention due to low power consumption.
The imaging system segment held a key market share in 2021 and is anticipated to account for a major market share in the coming years. Imaging system offers repeatability that has been widely used in various medical applications for surgeries. Increasing demand for clinical applications leads to fuel the market growth during the projected period.
Technology Segment Analysis
On the basis of technology, the global ultra-wideband market is segmented into short range and long range. The short range segment accounted for a high revenue share in 2021 and is expected to expand at a rapid pace in the coming years. Short range technology is designed for low power consumption and used in wireless personal devices to enable wireless sensor networks in indoor environment.
It includes devices, such as Bluetooth and Wi-Fi-enabled devices. Bluetooth is a replacement for cables that set up a link with several devices in personal area network. Bluetooth allows to make phone calls without placing phone to ear. Wi-Fi serves as a replacement for high-speed cabling in local area networks that enables devices to establish a secure internet connection. Rising demand for Bluetooth and Wi-Fi in personal area networks across the globe generating the global market growth.
The long range segment is expected to contribute to the market growth during the projected period. Long range technology is an alternative to other cellular networks, specially designed for outdoor purpose. It extends the connections and allows access the network from far away. Widely increasing demand from the IT and banking sectors drive the market growth.
Service Segment Analysis
Based on service, the global market is fragmented into location-based service, wireless peripheral interface, and internet access & multimedia service. The internet access & multimedia service segment is attributed to expand at a rapid pace during the projected period, due to increasing use of the internet across the globe at a rapid pace.
Internet access service transfers data through various networks that allows access to any information or other services over the internet. Growing various network technologies and rising use of social media and electronic mail results in generating high demand for the internet access & multimedia services.
The wireless peripheral interface segment is anticipated to generate a large revenue of the global ultra-wideband market during the projected period. A wireless peripheral interface is used to pair with the universal serial bus (USB) to computer for connecting hardware devices.
The wireless peripheral interface includes mouse, keyboard, joystick, trackball, and others that are used to give inputs to the main device or host to get feedback. Rising technological developments across the globe demands for the wireless peripheral interface that drives the market growth.
Positioning System Segment Analysis
On the basis of positioning system, the global ultra-wideband market is divided into indoor and outdoor. The indoor positioning system segment held a key market share in 2021 and is expected to account for a large revenue share in the coming years. Indoor positioning shows the accurate location that helps to navigate easily where GPS or other satellite networks fail.
The Indoor positioning system is able to detect the exact time and location of assets. It is widely used in airports, malls, museums, and in underground locations to find an emergency exit in case of fire. It is used to track expensive devices as well as whereabouts of small children in crowds. The rapid development of wireless LAN-based smart devices is estimated to drive the global market during the projected period.
The outdoor positioning system is the global positioning system (GPS) that receives signals from three satellites. Outdoor positioning system allows access anywhere, due to worldwide availability of the system. Increasing demand from the aviation, marine, and military sectors accelerate the growth of the global market.
End-User Segment Analysis
Based on end-user, the global market is segmented into manufacturing, government, aerospace, healthcare & life science, automotive & transportation, IT, banking & financial service industry, retail, utilities, mobile & entertainment, consumer electronics, e-commerce, residential, and travel & hospitality.
Consumer electronics segment is projected to expand at a significant growth rate during the assessment period, owing to the rising production of wireless electronic devices such as mobile ad hoc networking across the globe. Mobile ad hoc networking act as a router and host that allows to connect with other wireless devices.
UWB technology enables wireless electronic devices to connect with other home entertainment devices such as laptops, TV, computer, and audio equipment with a high data speed. Increasing need for wireless network security with precise location to system demand for the UWB technology in consumer electronics.
The healthcare & life science segment is anticipated to contribute to the segment growth in the coming years, due to the wide use of UWB technology in medical appliances with different frequencies. It enables imaging of the human body, blood glucose concentration level measurement, bone cancer detection, tumor detection in the body, heart volume detection, MRI image improvement, and angiography.
UWB technology is used in laboratories, as it enhances the accuracy of measuring devices. Rising demand for medical appliances from the healthcare sector leads to the growth of the global market.
Application Segment Analysis
On the basis of application, the global ultra-wideband market is divided into imaging, communication, real time locating system, geolocation, high speed LAN/WAN, intrusion detection, data links, altimeter, and covert communications. Data links segment is attributed to fuel the market in the coming years, owing to the rising IT sector across the globe.
Data links ensure the flow of data at the same speed while exchanging the data. It detects errors and recovers the original data. Increasing demand for reliable delivery of data transmission and error detection from various sectors such as IT and banking & financial services industry boosts the growth of the global market.
The intrusion detection segment is expected to generate a significant revenue share of the market during the projected period. Intrusion detection is the software that detects malicious traffic within the network. It generates alerts if someone tries to crack the firewalls. There are two types of intrusion detection.
The host-based intrusion detection system (HIDS) identifies threats within the network monitoring by the main device and the network-based intrusion system (NIDS) detects a suspicious activity within the network.
Based on regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America constituted a large market share in 2021 and is estimated to dominate the global market during the projected period, owing to the increasing demand for digital data at low cost in the region.
RTLS applications are widely used in North America. Technological advancements and the adoption of UWB-based technologies across various sectors further expands the market growth in North America.
Asia pacific is the second largest region of the global market, which held a key market share in 2021 and is expected to expand at a rapid pace in the coming years. The market growth in Asia Pacific is attributed to the increasing infrastructural development in the region.
The global ultra-wideband market has been segmented on the basis of
- Impulse Radio
- Multi-Band Ultra-wideband
- Imaging System
- Communication & Measurement System
- Vehicular Radar System
- Location-based Service
- Wireless Peripheral Interface
- Internet Access & Multimedia Service
- Healthcare & Life Science
- Automotive & Transportation
- Banking & Financial Service Industry
- Mobile & Entertainment
- Consumer Electronics
- Travel & Hospitality
- Real Time Locating System
- High Speed LAN/WAN
- Intrusion Detection
- Data Links
- Covert Communications
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- 5D Robotics, Inc.
- Apple Inc.
- Decawave (Qorvo, Inc)
- Emerson Electric Co.
- Fractus Antennas S.L.
- Honeywell International Inc.
- Humatics Corporation
- infsoft GmbH
- Intel Corporation
- Johanson Technology
- nanotron Technologies GmbH
- Novelda AS
- NXP Semiconductors
- Pulse~LINK, Inc
- Redpoint Positioning Corp.
- Robert Bosch GmbH
- Sony Corporation
- Stanley Black & Decker, Inc.
- Starix Technology
- TAIYO YUDEN CO., LTD
- Texas Instruments Incorporated
- Zebra Technologies Corp.
Key players competing in the global ultra-wideband market include 3M; 5D Robotics, Inc.; ALEREON.COM; Altaeros; Apple Inc.; BeSpoon; Bleesk; Decawave (Qorvo, Inc); Emerson Electric Co.; Fractus Antennas S.L.; Fujitsu; Honeywell International Inc.; Humatics Corporation; IBM; infsoft GmbH; Intel Corporation; Johanson Technology; LitePoint; nanotron Technologies GmbH; Novelda AS; NXP Semiconductors; Pulse~LINK, Inc; Redpoint Positioning Corp.; Robert Bosch GmbH; SAMSUNG; Siemens; Sony Corporation; Stanley Black & Decker, Inc.; Starix Technology; STMicroelectronics; TAIYO YUDEN CO., LTD; Texas Instruments Incorporated; UBISENSE; and Zebra Technologies Corp.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share. For instance,
- On September 22, 2022, Novelda launched a new ultra-wideband occupancy sensor. The sensor controls light and enhances energy saving by instantly turning on and turning off when no longer needed.
- On January 18, 2022, infsoft developed a people tracking system. The system locates people in real time via Bluetooth, which gains importance in its business operation. It enables a variety of location-based applications with safety and productivity.
- On June 10, 2021, Inpixon launched an active tag for long-range real time location system (RTLS). The tag is suitable for both indoor and outdoor purposes to track vehicles, hospital equipment, sensitive materials, gadgets, and other high-value assets.