Ultrawideband Market

Market Definition

The global Ultrawideband Market size was valued at USD 1.27 billion in 2022 and is predicted to reach USD 4.53 billion by 2030 with a CAGR of 17.2% from 2023-2030. Ultrawideband (UWB) is a type of wireless communication technology that uses very high-frequency radio waves to transmit data. It is typically used for short-range, low-power applications such as wireless personal area networks (WPANs), ranging and location services, and high-bandwidth multimedia streaming.

It uses very short and low-power pulses of radio energy that spread over a wide range of frequencies, using a large bandwidth, often over a range of up to 10 GHz. This wide frequency range allows for higher data rates and more reliable communication over longer distances. The ultrawideband can penetrate through walls and other obstacles and can coexist with other wireless technologies without interference, making it useful for both indoor and crowded radio frequency environments.

Market Dynamics and Trends

The demand for the ultrawideband market is significantly boosted by the growing penetration of smartphones and smart devices along with the increasing adoption of high-bandwidth wireless communication technology in a wide range of applications such as wireless charging. According to GSMA Intelligence, the number of smartphone users is 5.3 billion representing 67% of the global population in 2021. The number is expected to reach 5.7 billion by 2025.

Also, the growing demand for high data transfer rates and low latency high-bandwidth applications such as virtual reality and augmented reality is further driving the growth of the ultrawideband market. For instance, in August 2020, Samsung launched Galaxy note 20 Ultra smartphone with ultrawideband technology. The new ultrawideband technology provides Google’s nearby share, digital key for smart houses and augmented reality support. Moreover, the increasing use of ultrawideband in the industrial internet of things (IoT) to automate the process and reduce operational and labor costs is further driving the growth of the market.

However, the regulatory limitations along with the privacy and security concerns associated with ultrawidebands are the major factors restraining the growth of the market. On the contrary, the introduction of ultrawideband in real-time location system applications will create ample number of opportunities in the coming years.

Market Segmentations and Scope of the Study

The ultrawideband market report is segmented on the basis of type, positioning system, system type, technology, service, application, and end-users. On the basis of type, the market is divided into impulse radio and multiband ultrawideband. On the basis of positioning system, the market is classified into indoor and outdoor. On the basis of system type, the market is segmented into imaging systems, communications & measurement systems, and vehicular radar systems. On the basis of technology, the market is divided into short-range and long-range.

On the basis of service, the market is classified into location-based services, internet access & multimedia service, and wireless peripheral interface. On the basis of application, the market is segmented into Imaging, real-time locating systems (RTLS)/WSN), high-speed LAN / WAN, geolocation, intrusion detection, altimeter, data links, and covert communications. On the basis of end-users, the market is divided into aerospace, manufacturing, consumer electronics, healthcare, automotive, banking & financials industry (BFSI), government, retail, utilities, and residential. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Regional Analysis

North America holds the lion share of the ultrawideband market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the increasing trend of smart houses and the use of home automation technology in the region. According to Consumer Technology Association (CTA), 69% of US households own remote control smart home devices including eco-friendly thermostats, lights, and remote-controlled appliances.

Also, the presence of key market players in this region such as Apple Inc., Zebra Technologies Inc., and others play a major role in the growth of the ultrawideband market in this region. For instance, in July 2022, Apple announced its ultrawideband U1 chips in iOS 16 come with third-party smart devices to interact with iPhone apps enabling new hands-free user experiences.

On the other hand, Asia Pacific is expected to show steady the ultrawideband market growth due to the growing penetration of smartphones along with the need for high-speed connectivity for data transmission in this region. According to the Indian Ministry of Information and Broadcasting, the number of mobile users reached 1.2 billion in India in 2022.

Moreover, the growing R&D and pilot projects from major companies for the development of ultrawideband technology such as increased range and faster transmission are further driving the growth of the market. For instance, in July 2022, Samsung Electronics collaborated with NXP Semiconductors and ING for the development of an ultrawideband-based peer-to-peer payment application pilot project.

Competitive Landscape

Various market players operating in the ultrawideband industry include NXP Semiconductors, Apple Inc., Texas Instruments Incorporated, Samsung Electronics, Zebra Technologies Inc., Stanley Black & Decker Inc, Honeywell International Inc, Taiyo Yuden Co Ltd, MKSEMI, Pulse-Link, Fractus Antennas S.L., Alereon Inc., 5D Robotics Inc., NOVELDA, Nanotron Technologies GmbH, and others. These market players are adopting various strategies such as partnerships, product launches, and partnerships to remain dominant in the market.

For instance, in December 2022, Samsung Electronics collaborated with Zigbang to launch a smart door lock with an ultrawideband chip. The smart door lock senses the digital key in the Samsung wallet app and unlocks the door without touching the connected smartphone. Also, in September 2022, NOVELDA launched a new ultrawideband occupancy sensor for lighting control. The sensor enhances energy savings by instantly turning on lights on approach and turning them off quickly when they are no longer needed.

Moreover, in January 2022, MKSemi launched a small and low power-consuming ultrawideband system-on-chip (SoC) MK800. The new ultrawideband SoC enables high-precision location sensing. The company also announced a USD 13.68 million funding and partnership with Infineon Technologies and ThinkSeed Systems to boost the development of location solutions for IoT applications.

Furthermore, in November 2019, NXP Semiconductors collaborated with BMW Group and Continental to develop a new automotive ultra-wideband chip. The new UWB chip is capable of turning smartphones into car keys, handsfree smartphone car access, and 3D awareness of cars and smart devices through unique UWB localization capabilities.

Key Benefits

• The ultrawideband market report provides the quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises of a detailed analysis of the ultrawideband market including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the global market is provided in the report.

• The competitive analysis of the market players along with their market share in the market is mentioned.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Ultrawideband Market Key Segments

By Type

• Impulse Radio 

• Multi-Band Ultrawideband (UWB)

By Positioning System

• Indoor 

• Outdoor

By System Type

• Imaging Systems

• Communications & Measurement Systems

• Vehicular Radar Systems

By Technology

• Short-Range 

• Long-Range

By Service

• Location Based Services

• Internet Access & Multimedia Service

• Wireless Peripheral Interface

By Application

• Imaging

• Real-Time Locating Systems (RTLS)/WSN)

• High-Speed LAN / WAN

• Geolocation

• Intrusion Detection

• Altimeter

• Data Links 

• Covert Communications

By End-Users

• Aerospace

• Manufacturing

• Consumer Electronics

• Healthcare

• Automotive

• Banking & Financial Services Industry (BFSI)

• Government

• Retail

• Utilities

• Residential

By Region

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

KEY PLAYERS

• NXP Semiconductors

• Apple Inc.

• Texas Instruments Incorporated

• Samsung Electronics

• Zebra Technologies Inc.

• Stanley Black & Decker Inc

• Honeywell International Inc

• Taiyo Yuden Co Ltd

• MKSEMI

• Pulse-Link

• Fractus Antennas S.L.

• Alereon Inc.

• 5D Robotics Inc.

• NOVELDA

• Nanotron Technologies GmbH