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Ultra-Wide Band Market Research Report Information By Industry (IT & Telecom, Healthcare, Utilities, and Transportation), By Applications (Internet Access & multimedia Service, Location Based Service, and Wireless Peripheral Interface), By Components (Sensors, Integrated, Circuits, and Motherboard) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

ID: MRFR/ICT/1747-HCR | 100 Pages | Author: Aarti Dhapte| April 2024

Ultra-Wide Band Market Overview

Ultra-Wide Band Market Size was valued at USD 1.2 billion in 2022. The Ultra-wide band market is projected to grow from USD 1.4 Billion in 2023 to USD 4.717 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.60% during the forecast period (2023 - 2030). Investment in R&D is increasing, paving the way for innovations, and Electronics are being produced more frequently ly are the key market drivers enhancing the market growth.

Ultra-Wide Band Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ultra-Wide Band Market Trends

Electronics are being produced more frequently ly is driving the market growth.

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.

Ultra-wide band Market Segment Insights

Ultra-wide band Industry Insights

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.

Ultra-wide band Applications Insights

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 1: Ultra-wide band Market by Industry, 2022 & 2030 (USD billion)

Ultra-wide band Market by Industry, 2022 & 2030

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ultra-wide band Components Insights

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.

Ultra-wide band Regional Insights

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.



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.

Ultra-wide band Key Market Players & Competitive Insights

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.

Key Companies in the Ultra-wide band market 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)

  • Zebra Technologies Corporation (US)

Ultra-wide band Industry Developments

On Mar. 29, 2023, Rohde & Schwarz unveiled new ultra-wideband RF amplifiers BBA300 designed to provide stable, robust, and precise test signals for equipment tests. The company has added new powerful 90 W models in the BBA300 RF amplifier portfolio of CDE and DE series. The BBA300 amplifiers are designed for test environments and offer 380 MHz to 6 GHz in one frequency band & up to 250 W output power.

On Mar. 21, 2023, Samsung launched its first ultra-wideband (UWB) chipset, the Exynos Connect U100, offering precise distance and location information on mobile, automotive, and IoT devices. The new UWB solution launched under Exynos Connect consolidates the company's short-range wireless communication solutions essential in facilitating an increasingly hyper-connected world.

On Feb. 28, 2023, Quectel Wireless Solutions, a leading global provider of IoT and automotive solutions, launched the new ultra-wideband (UWB) automotive grade AU30Q module based on Qorvo's DW3300Q UWB chipset. The module enables precise real-time outdoor and indoor localization and reliable wireless communication. Considering the increasing availability of UWB technology in smartphones, many car OEMs are adopting UWB solutions in their newer vehicles to offer drivers secure car access.

On Feb. 24, 2023, Abracon, LLC (Abracon), a leading passive component provider, launched high-performance UWB antennas for short-range, high-precision data transmission. The new product release includes the ultra-wideband 3.3-7.2 GHz chip antenna, 3.7-4.2 GHz chip antenna, and 6.2-8.2 GHz chip antenna solutions. Abracon's UWB antennas are designed for the next generation of connectivity, providing best-in-class performance, offering high efficiency & low power consumption, and meeting industry need for fast/stable data transmission.

Ultra-wide band Market Segmentation

Ultra-wide band Industry Outlook

  • IT & Telecom

  • Healthcare

  • Utilities

  • Transportation

Ultra-wide band Applications Outlook

  • Internet Access & multimedia Service

  • Location Based Service

  • Wireless Peripheral Interface

Ultra-wide band Components Outlook

  • Sensors

  • Integrated Circuits

  • Motherboard

Ultra-wide band Regional Outlook

  • North America

  •  US

  • Canada

  • Europe

  •  Germany

  •  France

  •  UK

  •  Italy

  •  Spain

  • Rest of Europe

  • Asia-Pacific

  •  China

  •  Japan

  •  India

  •  Australia

  • South Korea

  •  Australia

  • Rest of Asia-Pacific

  • Rest of the World

  • Middle East

  •  Africa

  • Latin America



Report 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

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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