Ultra-Wideband Chipset (UWB) Market Size, Share Report, Analysis,...

Ultra-Wideband Chipset (UWB) Market Size, Share Report, Analysis, Growth,(2024–2032)

Posted 2024-09-16 12:06:40

The size of the global ultra-wideband chipset market was estimated to be around USD 1,478.96 million in 2024, and it is expected to increase at a compound yearly growth rate (CAGR) of around 19.92% between 2024 and 2032 to be around USD 6,325.89 million.

Ultra-wideband (UWB) is a low-energy technology that enables close-quarters high-bandwidth communication. It is able to transmit significant amounts of data over 230 feet. Because of its large capacity, it also efficiently transports data over barriers like doors. It makes it easier to broadcast precisely planned digital pulses at a separate channel frequency.

It is utilised in a number of applications, including wireless printing, peer-to-peer communications, next-generation Bluetooth, wireless high definition video, and many more. It uses radio waves to facilitate communication between devices. Because modern chipsets are small and compact, they fit readily into a wide range of gadgets, including smartphones.

Ultra-Wideband Chipset (UWB) Market

Growth Factors for the Global Ultra-Wideband Chipset (UWB) Market

The rising need for UWB technology in many application areas, such as RTLS, along with the rapidly expanding use of the industrial internet of things (IIoT) is one of the primary reasons propelling the global ultra-wideband chipset market. Using next-generation BLE beacon technology and UWB technology, RTLS is used to track and locate people and assets in real-time. Furthermore, the application of UWB technology in smartphones has expanded due to growing deployment and continuous improvements in wireless sensor networks. Ad hoc networks, such as wireless network sensors, are extremely important in the transportation, military, and other industries.

Because UWB technology is being used in wireless sensor networks more and more, the need for ultra-wideband chipsets has increased along with the use of wireless network sensors. The development of UWB technology is a focus for researchers because of its distinctive characteristics, such as brief pulses. In the wireless sensor network, short pulses enable sensible and efficient transmission, which has significant advantages over other carrier-based systems. In addition, UWB technology is affordable, easily accessible in various forms, and meets the power consumption specifications for microsensor nodes used in wireless network sensors.

Ultra-Wideband Chipset (UWB) Market

Segmentation of the Global Ultra-Wideband Chipset (UWB) Market

It is possible to divide the worldwide ultra-wideband chipset market into four segments: positioning systems, applications, end users, and geographies.The market can be divided by end-users into manufacturing, retail, consumer electronics, residential, automotive & transportation, healthcare, and other categories. Because of the increasing customer experience, the consumer electronics segment holds the greatest proportion of the worldwide ultra-wideband chipset market.

The market can be divided into outdoor and indoor segments using positioning systems. The market is dominated by the indoor positioning segment. The market can be divided into segments based on application, such as imaging, RTLS/WNS, communication, and others. The market for ultra-wideband chipsets is dominated by the communication segment, primarily because of the increasing use of these technologies for data collection via wireless sensor networks and mobile ad hoc.

Furthermore, owing of its tiny pulses and great localisation precision, it provides a number of benefits. It is becoming more and more popular because of its high data rates, low power consumption, and decreased interference.

Market Overview: Ultra Wideband Chipset (UWB): Report Scope

Ultra-Wideband Chipset (UWB) Market

Regional Analysis of the Global Ultra-Wideband Chipset (UWB) Market

North America’s high manufacturing capability allows its players to hold the largest share of the worldwide ultra-wideband chipset market. The range of UWB chipset applications has expanded to include production lines, logistics and operational management applications, and many more due to the growth of industrial automation industries in the region.

Competitive Players in the Global Ultra-Wideband Chipset (UWB) Market

The main businesses are concentrating on raising awareness of a variety of broad applications, such as improved operational efficiency in factories & workplaces, secure keyless access into cars, locating necessities in hospitals, and many more.