Lucintel Forecasts Ultra-Wideband Market to Grow at a CAGR of 18%-20%

According to the recent study the ultra-wideband market is projected to grow at a CAGR of 18%-20% from 2020 to 2025. Growth in this market is primarily driven by growing demand for industrial internet of things (IIoT), increasing demand for ultra-wideband technology in RTLS application, and growth in retail and healthcare industries.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in ultra-wideband market by positioning system (indoor and outdoor), end use industry (healthcare, transportation, manufacturing, consumer electronics, retail, residential, and others), application (RTLS/WNS, imaging, communication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Communication market is expected to remain the largest segment during the forecast period.”

Based on application, the ultra-wideband market is segmented into RTLS/WNS, imaging, communication, and others. Lucintel forecasts that the communication market is expected to remain the largest segment over the forecast period due to increasing demand for wireless wideband communication systems owing to developing applications, such as mobile ad-hoc networking and collection of data through a wireless sensor network.

“Within the ultra-wideband market, the consumer electronics segment is expected to remain the largest end use industry.”

Based on end use industry, the consumer electronics segment is expected to witness the largest segment by end use industry over the forecast period because ultra-wideband enhances consumers’ experiences related to home entertainment products, such as TVs, laptops, and audio equipment.

“North America will dominate the ultra-wideband market in near future.”

North America is expected to be the largest region over the forecast period due to reducing average selling price of ultra-wideband chips and growth in positioning accuracy of impulse radio-based ultra-wideband technology.

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Major players of ultra-wideband market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Decawave (acquired by Qorvo Inc. (US)), Apple, 5D Robotics, Pulse~LINK, BeSpoon, Zebra Technologies, NXP Semiconductors, Texas Instruments, Johanson Technology, Alereon, LitePoint, Fractus Antennas, Nanotron Technologies, Samsung Electronics, Sony, Ubisen are among the major ultra-wideband providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ultra-wideband-market.aspx or helpdesk@lucintel.com

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