Dublin, May 13, 2020 (GLOBE NEWSWIRE) -- The "Ultra-Wideband Market by Application (RTLS, Imaging, Communication), Positioning system (Indoor, Outdoor), Vertical (Healthcare, Automotive & Transportation, Manufacturing, Consumer Electronics, Residential, Retail), & Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global UWB market is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%.
Major factors driving the growth of the UWB market include the growing demand for UWB technology in RTLS applications and the increasing adoption of the Industrial Internet of Things (IIoT). Ongoing advancements in new application areas of UWB technology in the wireless sensor network and growing deployment of the technology in mobile devices have increased the scope of UWB technology.
Indoor positioning systems are expected to continue to hold largest market share during forecast period
UWB is an emerging technology that has shown better performance in indoor positioning. Indoor positioning systems (IPS) are capable of determining the real-time position of an object in a physical space. The indoor positioning system can be integrated with indoor navigation systems for blind and visually impaired people; they can also be combined with locating devices installed in buildings, aiding visitors to find an emergency exit in a smoky environment, tracking kids in crowded places, and tracking expensive equipment. Nowadays, consumer, healthcare, industrial, and retail verticals, among others, require communications, precision positioning, or radar systems for communication, video streaming, surveillance, and many other applications, thus giving rise to UWB technology-based indoor positioning systems.
RTLS application is the fastest-growing application during forecast period
UWB is one of the fastest-growing technologies adopted in RTLS systems, with a huge growth potential due to its accuracy in tracking assets. A UWB system can estimate positions based on received signal strength or time of arrival modes. Sustaining a good performance in walled environments is the major advantage of UWB-based RTLS solutions. UWB-RTLS solutions are ideal for industrial environments for indoor tracking ranging from asset tracking and material flow to employee location tracking for safety reasons. UWB solutions also help reduce the overall operational cost on the production line by real-time tracking of products and raw materials, ensuring the proper supply of it and reducing the workforce in the area. UWB-based RTLS solutions are gaining popularity in the automotive, transportation, and manufacturing industries. Also, the penetration of UWB technology in indoor positioning systems that find applications in smart homes is likely to increase in the coming years.
Consumer electronics vertical to hold largest market share of UWB market in 2020
UWB would be the fastest-growing technology, which is expected to significantly improve the consumer's experience related to home entertainment products, such as TVs, laptops, and audio equipment. UWB enables wireless connections at speeds of 110 Mbit/s and greater, making it perfect for connecting televisions to DVD players and recorders, personal video recorders (PVRs), and home audio equipment. With a data-rate capability of 110 Mbit/sec. and a range of 10 meters, UWB can stream multiple high-definition videos wirelessly from a set-top box to a television monitor. Other home entertainment products that too get benefitted from the UWB technology include game consoles, MP3 players, personal digital assistants (PDAs), personal computers PCs, and so on. UWB meets the low power requirements of handheld electronics, including MP3 players and PDAs, and provides the low-cost solution necessary for wide consumer adoption. With the increasing need for more precise location services and secure access to systems, the demand for UWB technology for use in consumer electronics is on the rise.
APAC is expected to be fastest-growing market for UWB technology during forecast period
UWB technology is widely used in robot localization technology in Japan and China. The technology is also witnessing growing demand for its implementation in indoor location tracking equipment in both residential and industrial applications in recent years. Moreover, the retail and automotive and transportation industries have contributed majorly to the growth of the UWB-based RTLS solution in the region. The APAC region includes a few of the fastest-growing economies of the world, including China. The rapid growth of the automotive sector in China, Japan, and South Korea, along with growing process industries in developing countries of this region, is expected to offer significant growth opportunities to the UWB market during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 UWB Market, 2020-2025 (Usd Million)
4.2 UWB Market, by Application
4.3 UWB Market in North America, by Vertical and Country
4.4 UWB Market, by Positioning System
4.5 UWB Market, by Vertical
4.6 UWB Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for UWB Technology in RTLS Applications
5.2.1.2 Increasing Adoption of Industrial Internet of Things (IoT)
5.2.2 Restraints
5.2.2.1 High Competition from Substitute Products
5.2.2.2 Interference from Other Narrowband Wireless Systems
5.2.3 Opportunities
5.2.3.1 New Application Areas of UWB Technology in Wireless Sensor Network
5.2.3.2 Growing Deployment of UWB Technology in Mobile Devices
5.2.4 Challenges
5.2.4.1 Complexities in Channel Estimation for UWB Communications
5.3 Frequency Band Allocated for UWB Technology
5.4 Comparative Analysis of Ieee Wpan Standards
5.4.1 UWB Transmission Technologies
6 Ultra-Wideband Market, by Application
6.1 Introduction
6.2 RTLS
6.2.1 UWB-Based RTLS Solutions Are Gaining Popularity in Automotive, Transportation, and Manufacturing Industries
6.3 Imaging
6.3.1 UWB Radio is Emerging Technology in Medical and Radar Imaging Applications
6.4 Communication
6.4.1 UWB Communications Systems Are Receiving Significant Attention in Mobile Devices
6.5 Others
7 Ultra-Wideband Market, by Positioning System
7.1 Introduction
7.2 Indoor
7.2.1 High Demand for UWB in Indoor Environment Because of Features Such as High Accuracy Location Determination at Very Low Power
7.3 Outdoor
7.3.1 Limited Applications of UWB for Outdoor Positioning
8 Ultra-Wideband Market, by Vertical
8.1 Introduction
8.2 Healthcare
8.2.1 UWB Technology is Widely Being Accepted for Several Monitoring Applications in Healthcare Sector
8.3 Automotive and Transportation
8.3.1 Vehicle-To-Device and Vehicle-To-Infrastructure Communication Gained Significant Consideration from Automobile Manufacturers Worldwide
8.4 Manufacturing
8.4.1 Manufacturing Vertical Poses Huge Market Potential for UWB-Based RTLS Solutions
8.5 Consumer Electronics
8.5.1 Increase in Adoption of UWB Technology in Smartphones is Expected to Drive Market Growth
8.6 Retail
8.6.1 Retail Chains Use UWB-Based Solutions to Manage Stock Levels and Warehouse Operations
8.7 Residential
8.7.1 Indoor Location Tracking is Most Dominant Application of UWB Technology in Residential Environment
8.8 Others
9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Consumer Electronics and Healthcare Are Major Verticals Witnessing Higher Adoption of UWB Technology in US
9.2.2 Canada
9.2.2.1 UWB Has Gained Momentum in Automation and RTLS Applications
9.2.3 Mexico
9.2.3.1 UWB Market is Expect to Witness Significant Growth in Next Few Years
9.3 Europe
9.3.1 UK
9.3.1.1 UWB-Based RTLS Solutions Would Fuel Growth of Market in UK
9.3.2 Germany
9.3.2.1 Automotive, Aerospace, and Manufacturing Are Major Industries Adopting UWB Technology in Germany
9.3.3 France
9.3.3.1 UWB Market Has Witnessed Significant Growth in France Owing to Industrial and Home Automation
9.3.4 Italy
9.3.4.1 Automotive is Key Industry Adopting UWB Technology in Italy
9.3.5 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.1.1 China is Expected to Drive UWB Market in APAC
9.4.2 Japan
9.4.2.1 Location Services Market in Japan Has Witnessed Significant Growth in Recent Years
9.4.3 South Korea
9.4.3.1 South Korean UWB Market is Mainly Driven by Its Residential and Manufacturing Industries
9.4.4 Rest of APAC
9.4.4.1 Consumer Electronics and Manufacturing Are Expected to Be Major Contributors in Growth of UWB Market in Rest of APAC
9.5 Row
9.5.1 Middle East & Africa
9.5.1.1 Middle East & Africa Has High-Growth Potential for UWB in RTLS/Wsn Applications
9.5.2 South America
9.5.2.1 Brazil is Major Contributor in Growth of UWB Market in South America
10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging
10.3 Strength of Product Portfolio (25 Companies)
10.4 Business Strategy Excellence (25 Companies)
10.5 Ranking Analysis of Key Players in UWB Market in 2019
10.6 Competitive Situations and Trends:
10.6.1 Acquisitions and Partnerships
10.6.2 Product Launches and Developments
11 Company Profiles
11.1 Key Players
11.1.1 Decawave
11.1.2 Apple
11.1.3 5D Robotics
11.1.4 Pulse~Link
11.1.5 Bespoon
11.1.6 Zebra Technologies
11.1.7 NXP Semiconductors
11.1.8 Texas Instruments
11.1.9 Johanson Technology
11.1.10 Alereon
11.2 Right to Win
11.3 Other Key Players
11.3.1 Litepoint
11.3.2 Fractus Antennas
11.3.3 Nanotron Technologies
11.3.4 Samsung Electronics
11.3.5 Sony
11.3.6 Robert Bosch GmbH
11.3.7 Ubisense
11.3.8 Alteros
11.3.9 Starix Technology
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