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"Global UWB Market was Valued at US$ 76.23 Bn in 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 6.1% During the Forecast Period.”
Ultra-Wide Band may be a communication method utilized in wireless Ultra-Wide Band (UWB) may be a communication method utilized in wireless networking that uses low power consumption to realize high bandwidth connections. In other words, it's meant to transmit tons of knowledge over a brief distance without using an excessive amount of power.
In the beginning, it was designed for commercial radar systems, UWB technology has had applications in wireless personal area networks (PAN) and consumer electronics. After some initial successes within the mid-2000s, interest in UWB declined considerably in favor of Wi-Fi and 60 GHz wireless network protocols.
Within the short-range technology sphere, at present, Bluetooth and Wi-Fi are the foremost adopted technologies. Despite the presence of a number of comparable technologies, the adoption at consumer and enterprise-level was short-lived, due to the worth offered by other alternatives.
However, the demand for ultra-wideband witnessed a serious roadblock within the latter half the last decade, as end users saw higher value in other technologies like Bluetooth and Wi-Fi. In recent years, the demand for ultra wideband has gathered notable traction, as several startups and established companies across various industrial verticals are reviving interest within the development of the ultra-wideband technology, thus driving the ultra-wideband market.
By Hardware, UWB Antenna is expected to Account for Prominent Share of Global UWB Market
UWB antenna dominated the bulk of the market size in 2018. UWB antennas are increasingly utilized in wireless communications at a short range because they will transmit an excellent amount of data across a good frequency range. It gives you a high rate system at a coffee cost and with low power. Directional antennas like Vivaldi antennas aren't an honest choice for indoor or mobile wireless communication.
By End Use, Healthcare is expected to witness the highest CAGR in the Global UWB Market.
Ultra-WideBand (UWB) technology in medical applications is a rising problem solving inclination in recent years. The first attempt of using UWB radar in medical applications is in physical body monitoring and imaging in 1993. Moreover, the UWB radar has a very low average power level and is extremely power efficient. Thus is suitable to be a potentially cost effective way of physical body imaging, especially in real time imaging. Furthermore, UWB is extremely suitable for the appliance of medical monitoring. These monitoring applications might be patient motion monitoring, wireless vital signs monitoring of physical body, and therefore the medicine storage monitoring.
North America and Europe Occupied a Significant Market Share in 2018
Geographically, it's North America that forms one among the main marketplace for the UWB market globally with the U.S., Canada, and Mexico being a number of the main regions that are contributing to the expansion during this market. he growth of the market is often largely attributed to the increasing adoption of ultra wideband in automobiles and smartphones. The dawn of Industry 4.0 is creating lucrative opportunities for stakeholders operating within the ultra wideband market, particularly in developed regions like North America and Europe. These two regions are expected to be at the forefront, in terms of technological innovations and adoption of ultra-wideband technology, due to the presence of several key market players and startups. Market players should engage in collaborations with automobile and smartphone manufacturers to enhance their overall position within the current ultra-wideband market landscape.
The Global UWB Market is very competitive with the presence of a large number of global and local/regional manufacturers. Key manufacturers such as Fractus Antennas S.L., Furaxa Inc., Johanson Technology, Inc., TAIYO YUDEN CO., LTD, Zebra Technologies Corporation (MSSI), Alereon Inc., Apple Inc., BeSpoon SAS, Decawave Ltd, NXP Semiconductors Inc., Pulse-Link Inc., Time Domain Corp (Humatics), among others. In the current scenario, Europe and North America are projected to account for more than half of the market share of the global UWB market due to higher demand in these regions.
UWB Market Segmentation:
- Tags & Reader
- Imaging Systems
- Communications and Measurement Systems
- Vehicular Radar Systems
By End User
- Automotive and transportation
- North America
- Latin America
- Asia- Pacific
- Middle East and Africa