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The ultra-wideband market share is expected to increase by USD 846.15 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.45%.
This ultra-wideband market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ultra-wideband market segmentation by application (communication, RTLS, and imaging) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The ultra-wideband market report also offers information on several market vendors, including Altaeros, BLEESK SP Z O.O., Humatics Corp., infsoft GmbH, Johanson Technology Inc., LitePoint Corp., Nanotron Technologies GmbH, NOVELDA, NXP Semiconductors NV, Pulse LINK Inc., Qorvo Inc., Samsung Electronics Co. Ltd., Siemens AG, Sony Group Corp., Starix Technology Inc., STMicroelectronics NV, Texas Instruments Inc., Ubisense Ltd., Zebra Technologies Corp., and Fractus S.A among others.
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The growing applications of UWB technology is notably driving the ultra-wideband market growth, although factors such as vulnerability to cyber threats may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ultra-wideband industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ultra-Wideband Market Driver
The growing applications of UWB technology is one of the key drivers supporting the ultra-wideband market growth. UWB is widely used for people positioning in industrial enterprises, for controlling access to restricted areas, and for the real-time monitoring of personnel movements. Commercial and residential access control is the extension of UWB initial activities within the automotive secure-access realm. It tracks the user's exact location in relation to the entrance or exit as well as their security credentials and grants instant, hands-free access without human interaction. It also offers protection from relay attacks, making it extremely suitable for secure-access applications. Such applications are expected to drive the ultra-wideband (UWB) market growth during the forecast period.
Key Ultra-Wideband Market Trend
The adoption of UWB RTLS technology is one of the key trends contributing to the ultra-wideband market growth. The UWB RTLS technology offers high accuracy over short-to-medium distances and is less costly than other RTLS technologies. The technology is also considered to be useful for short-range and low-data-rate communications. UWB has a high data rate that can reach 100 Mbps, which provides a good solution for near-field data transmission. The high potential of UWB RTLS to deliver accurate results in high-ranging applications will benefit end-users. This technology is also useful for applications that require high accuracy because it offers precise locations at less than 300 meters. Such applications will increase the demand for UWS RTLS technology and thereby, driving the ultra-wideband market growth.
Key Ultra-Wideband Market Challenge
Vulnerability to cyber threats is one of the factors hindering the ultra-wideband market growth. UWB generates detailed location data that puts users at risk of hacking and stalking. UWB technology could lead to the creation of a new layer of monopolistic control for a small number of tech giants. Ultrawideband is a powerful tool to build into smartphones without stringent regulations. Since UWB can detect the location within a few centimeters, in the wrong hands, the technology could lead to stalking by an individual or dangerous surveillance by law enforcement agencies. Moreover, the increasing scale in the adoption of connected product environments in UWB to carry out highly critical applications. As more service, software and hardware providers are involved within environments, more data needs to be stored and shared, which increases the scope for attack among cybercriminals. These increasing threats will limit the UWB market growth during the forecast period.
This ultra-wideband market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ultra wideband market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ultra wideband market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the ultra-wideband market encompasses successful business strategies deployed by the key vendors. The ultra-wideband market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ultra-wideband market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ultra-wideband market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for ultra-wideband market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The high adoption of RFID tags and ultra-wideband real-time location system (UWB RTLS) solutions in the US will facilitate the ultra-wideband market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The rapid spread of COVID-19 spurred the demand for RTLS in the region in 2020. Furthermore, in the post-COVID-19 scenario, RTLS will help end-users reduce their operational costs through precise location detection. For instance, in the workplace, to check whether employees have cleaned the infected area instead of cleaning the whole production site. This will reduce both the time and costs spent on such tasks. Such factors will drive the growth of the market in the region during the forecast period.
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The ultra-wideband market share growth by the communication segment will be significant during the forecast period. UWB is now being revitalized for connecting devices wirelessly over short distances. Many industry observers claim that UWB could prove more successful than Bluetooth because it offers superior speed, is less costly, consumes less power, is more secure, and provides superior location discovery and device ranging. Companies such as Intel, Apple, Huawei, Samsung, Xiaomi, NXP, Sony, Bosch, and others are researching and investing in UWB technology. Also, the growing advancements in communication have positively impacted UWB technology and, in turn, the ultra-wideband (UWB) market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ultra-wideband market size and actionable market insights on post COVID-19 impact on each segment.
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Ultra-Wideband Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.45% |
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Market growth 2022-2026 |
$ 846.15 million |
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Market structure |
Fragmented |
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YoY growth (%) |
10.09 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Altaeros, BLEESK SP Z O.O., Humatics Corp., infsoft GmbH, Johanson Technology Inc., LitePoint Corp., Nanotron Technologies GmbH, NOVELDA, NXP Semiconductors NV, Pulse LINK Inc., Qorvo Inc., Samsung Electronics Co. Ltd., Siemens AG, Sony Group Corp., Starix Technology Inc., STMicroelectronics NV, Texas Instruments Inc., Ubisense Ltd., Zebra Technologies Corp., and Fractus S.A |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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