Insights Into The Ultra-Wideband Market’s Growth Opportunities Through 2023-2032 – Includes Ultra-Wideband Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing demand for real-time locating systems (RTLS) applications is expected to drive innovation in ultra-wideband manufacturing, propelling the market during the forecast period.
The global ultra-wideband market is expected to grow from $1.21 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The ultra-wideband market size is expected to grow to $2.63 billion in 2027 at a CAGR of 16.6%.
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Global Ultra-Wideband Market Segments Include:
- By Type: Impulse Radio, Multiband Ultra-Wideband
- By System: Vehicular Radar System, Imaging Systems, Communication And Measurement Systems
- By Vertical: Healthcare, Automotive And Transportation, Manufacturing, Consumer Electronics, Retail, Residential, Other Verticals
- By Application: RTLS (Real-Time Location System) Or WNS (Wireless Networking Services), Imaging, Communication, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global ultra-wideband market in 2021.
Major Market Players in the ultra-wideband market include DecaWave Limited, Apple Inc., 5D Robotics, Pulse~LINK, BeSpoon, Zebra Technologies, NXP Semiconductors NV, Texas Instruments, Johanson Technology, Alereon.
The advancement of technology is a key trend that is gaining traction in the ultra-wideband market. Major ultra-wideband market players are focusing on developing and launching new technological ultra-wideband solutions in order to strengthen their market position. Verizon Communications Inc., a telecommunications company based in the United States, will, for example, launch 5G ultra-wideband in three more markets in February 2022: Sacramento, Seattle, and Pensacola, Florida. The fifth generation ultra-wideband service uses millimetre wave (mmWave) spectrum and offers the fastest connection.
The Ultra-Wideband Global Market Report 2023 provides a ultra-wideband market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ultra-wideband market forecast analyzes ultra-wideband market size, ultra-wideband market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Ultra-wideband (UWS) is a radio technology that allows for short-range, high-bandwidth communications at extremely low energy levels while covering a significant portion of the radio spectrum.
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