As per MRFR Analysis, the Ultra-Wide Band (UWB) market was valued at USD 1.2 billion in 2022 and is projected to grow to USD 4.717 billion by 2030, with a CAGR of 21.60% from 2023 to 2030. Key drivers include increased R&D investments, the proliferation of consumer electronics, and advancements in manufacturing technology. The utilities segment leads the market, while the internet access & multimedia service application generates the most revenue. North America dominates the market, followed by Europe and Asia-Pacific, which is expected to grow at the fastest rate.
The UWB market is experiencing significant growth driven by technological advancements and increased applications.
Key players include Taiyo Yuden Co Ltd. (Japan), 5D Robotics Inc. (US), Pulse LINK Inc. (US), Alereon Inc. (US), Johanson Technology Inc. (US), Nanotron Technologies GmbH (Germany), DecaWave Ltd. (Ireland), Fractus Antennas S.L. (Spain), BeSpoon SAS (France), and Zebra Technologies Corporation (US).
Figure 1: Ultra-Wide Band Market Size, 2022-2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Increased funding for expanding and developing cutting-edge and automated machinery results from increased strategic market alliances. Increasing investment in research and development capabilities also facilitates innovations in manufacturing technology. One of the key factors driving the market CAGR is the expanding proliferation and penetration of consumer electronics like smartphones. In other words, the market growth rate is directly impacted by ongoing developments in new application areas of UWB technology in the wireless sensor network. Additionally, the growing acceptance and application of the aerospace industry will pave the way for the market's expansion. Due to the improving economy, there is much room for growth in the semiconductor and electronics industry. Advanced technologies are receiving more attention from the major manufacturers, increasing the growth potential.
Growth in market value is fueled by increasing urbanization, modernization, and ization. In other words, the market will have many opportunities to grow due to the increasing number of structures built and construction activities, particularly in developing economies, to develop infrastructure.
Other factors influencing the market growth include expanding industrial infrastructure, rising digitalization in the healthcare and retail sectors, and increasing technological advancements to enhance the performance of semiconductor tools. Additionally, during the forecast period of 2022 to 2029, improvements in manufacturing technology open up lucrative opportunities for market participants. Future market growth will also be aided by rising RTLS application demand for UWB technology and new UWB technology application areas in wireless sensor networks. Thus, driving Ultra-wide band market revenue.
Based on industry, the ultra-wideband market segmentation includes it & telecom, healthcare, utilities, and transportation. The utilities segment dominated the market, and the consumer experience with home entertainment products like televisions, laptops, and audio equipment will be greatly enhanced by UWB, which is expected to be the technology with the fastest growth. UWB enables wireless connections at speeds of up to 110 Mbit/s, making it perfect for connecting televisions to DVD players, recorders, PVRs, and another home audio equipment.
Based on applications, the ultra-wideband market segmentation includes internet access & multimedia service, location-based service, and wireless peripheral interface. The internet access & multimedia service category generated the most income. The widespread use of the internet is now taken for granted in many advanced economies. It affects daily life, including business, relationships, politics, and culture. Only some places in the world, though, are like this. And even though the number of developing countries with access to the internet keeps rising, there is still a long way to go before the entire planet is wired.
Figure 2: Ultra-wide band Market by Industry, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on components, the ultra-wideband market segmentation includes sensors, integrated circuits, and motherboards. The sensors segment dominated the market, the position is precisely determined by ultra-wideband (uwb) sensors, a radio frequency technology that uses wireless communication between devices. The newest applications concentrate on finding and gathering sensor data from mobile phones, car keys, and other comparable devices.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American weight loss market will dominate this market, owing to the increasing demand for data digital in the country as it is available at low cost due to carrier-free features and a majorly accepted form of UWB technology.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: ULTRA-WIDEBAND MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Ultra-wide band market accounts for the second-largest market share due to the area's concentration of several significant UWB players and the swiftly rising adoption rate of UWB-based technologies across various industries, including retail and healthcare. One of the major factors influencing the expansion of the UWB industry in this region is the rising trend of automation. Further, the German Ultra-wide band market held the largest market share, and the UK Ultra-wide band market was the fastest-growing market in the European region.
The Asia-Pacific Ultra-wide band Market is expected to grow at the fastest CAGR from 2023 to 2030. A chance has opened for local UWB technology solution providers due to the market expansion of connected cars and electric vehicles (EVs). The UWB-enabled automobile products driving the APAC market are being developed in business collaboration. For instance, NXP Semiconductors and Taiwan's Hon Hai Technology Grove signed a memorandum of understanding in July 2022 to build platforms for a new generation of smart connected automobiles that feature the NXP S32 domain embedded with UWB technology.
Due to the growing demand for UWB technologies in IoT devices, the market is experiencing growth due to the adoption of IoT in the manufacturing and automotive sectors. Furthermore, the region is home to semiconductor hubs like Taiwan, China, and India, and the latter's semiconductor ambitions would support the regional market for UWB technology chips. Moreover, China’s Ultra-wide band market held the largest market share, and the Indian Ultra-wide band market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Ultra-wide band market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Ultra-wide band industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Ultra-wide band industry to benefit clients and increase the market sector. The Ultra-wide band industry has offered some of the most significant medical advantages in recent years. Major players in the Ultra-wide band market, including Taiyo Yuden Co Ltd. (Japan), 5D Robotics Inc. (US), Pulse LINK Inc. (US), Alereon Inc. (US), Johanson Technology Inc. (US), Nanotron Technologies GmbH (Germany), DecaWave Ltd. (Ireland), Fractus Antennas S.L. (Spain), and BeSpoon SAS (France), and others, are attempting to increase market demand by investing in research and development operations.
Taiyo Yuden Co Ltd. (Japan) is a Japanese materials and electronics company headquartered in Kyobashi, Chuo, Tokyo. In 1988, it collaborated with Sony and Philips to develop the first recordable CD technology (CD-R). Taiwan, Malaysia, the Philippines, Singapore, Korea, China, and Japan are among the countries where Taiyo Yuden currently has factories. Taiyo Yuden was founded in 1948. It was well known for producing recordable optical media, which were widely regarded as the best in the business. In June 2015, Taiyo Yuden announced that it would end its recording media business by December. The company gave various reasons for this decision, including market contraction, shifting market dynamics, difficulty in improving earnings, and an increase in the price of raw materials.
5D Robotics Inc. (US), Technology for position and navigation, obstacle avoidance, and guarded motion systems are all developed by 5D Robotics. Vehicles can park next to each other indoors, outdoors, in the snow, fog, or rain thanks to the company's systems, which operate in any environment, even those without GPS. Many influential commercial users are now adopting 5D technologies, tested on more than 30 robots and vehicles for military purposes.
Taiyo Yuden Co Ltd. (Japan)
5D Robotics Inc. (US)
Pulse LINK Inc. (US)
Alereon Inc. (US)
Johanson Technology Inc. (US)
Nanotron Technologies GmbH (Germany)
DecaWave Ltd. (Ireland)
Fractus Antennas S.L. (Spain)
BeSpoon SAS (France)
NOVELDA, for example, introduced the world’s lowest-power ultra-wideband (UWB) radar sensor in June 2023. It runs on a battery with an incredibly low power consumption of less than 100 microwatts. The final product will be launched by mid-2024. NOVELDA will also showcase its revolutionary NOVELDA UWB Proximity Sensor and NOVELDA UWB Occupancy Sensor at Booth 709. This implies that it is expected to have more shipments compared to IOT devices because there are many sales of UWB-enabled smartphones.Â
Link Labs released Ultra, their new asset tracking product that combines UWB with the company’s patented Xtreme Low Energy (XLE) technology in April 2023, thus bringing higher accuracy levels for indoor positioning applications at the same time cutting down costs significantly so as to achieve affordable solutions. Up to now, Ultra has attained a location accuracy of 30 centimeters, and this allows it to support use cases both indoors and on-site, requiring greater precision. With such an accuracy level, manufacturing operations can effectively separate between assembly workstations used for WIP and tool tracker applications, among others.
Humatics installed HRNS in one test vehicle at its facility located on the Hitachi Rail test track that stretched over Naples, Italy; tests were held in July 2022 to compare HRNS against real-world sensors based on position and speed performance criteria set by CBTC Odometry of Hitachi Railways under normal conditions. Also connected was Humatics’ HRNS Board-in-the-Loop simulator, which was designed to couple different sensors that included Ultra-Wideband (UWB), Inertial Measurement Units (IMU), and GNSS provided by Humatics.
NXP, together with ING and Samsung, developed the first-ever peer-to-peer payment application using UWB in July 2022. This pilot aims at making peer-to-peer payments easier and seamless by leveraging ING’s payment expertise plus NXP’s ultra-wideband technology.
For example, in July 2022, NXP Semiconductors and Taiwan’s Hon Hai Technology Grove signed a Memorandum of Understanding (MoU) to build platforms for next-generation smart connected vehicles using NXP S32 domain with embedded UWB technology.
IT & Telecom
Healthcare
Utilities
Transportation
Internet Access & multimedia Service
Location Based Service
Wireless Peripheral Interface
Sensors
Integrated Circuits
Motherboard
| Attribute/Metric | Details |
| Market Size 2022 | USD 1.2 billion |
| Market Size 2023 | USD 1.4 billion |
| Market Size 2030 | USD 4.717 billion |
| Compound Annual Growth Rate (CAGR) | 21.60% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Industry, Applications, Components and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Taiyo Yuden Co Ltd. (Japan), 5D Robotics Inc. (US), Pulse LINK Inc. (US), Alereon Inc. (US), Johanson Technology Inc. (US), Nanotron Technologies GmbH (Germany), DecaWave Ltd. (Ireland), Fractus Antennas S.L. (Spain), and BeSpoon SAS (France) |
| Key Market Opportunities | There are numerous opportunities in the building and construction sector. |
| Key Market Dynamics | Increase in health difficulties and worries, leading to costly operations |
Ultra WideBand Market Highlights:
Frequently Asked Questions (FAQ) :
The ultra-wide band market size was valued at USD 1.2 Billion in 2022.
The market is projected to grow at a CAGR of 21.60% during the forecast period, 2023-2030.
North America had the largest share of the market
The key players in the market are Taiyo Yuden Co Ltd. (Japan), 5D Robotics Inc. (US), Pulse LINK Inc. (US), Alereon Inc. (US), Johanson Technology Inc. (US), Nanotron Technologies GmbH (Germany), DecaWave Ltd. (Ireland), Fractus Antennas S.L. (Spain), and BeSpoon SAS (France).
The utilities ultra-wide band category dominated the market in 2022.
Internet access & multimedia service had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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