The ultra-wideband (UWB) market was valued at USD 62.9 Million in 2016 and is expected to reach USD 85.4 Million by 2022, at a CAGR of 5.2% between 2016 and 2022. The growing adoption of UWB-based real-time location system (RTLS) solution for resource utilization and workflow optimization in manufacturing industries, increasing technological advancements in terms of precision and range, and rising market competitiveness are the major drivers for the UWB market.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=200905786

UWB technology is expected to witness a significant penetration in indoor positioning system applications in smart homes and retail stores between 2016 and 2022, to become a mainstream technology for tracking and location-based services. With an increase in awareness regarding the advantages of automatic asset tracking and management, the market for UWB-based RTLS/wireless sensor network (WSN) technology is projected to grow at an above average rate between 2016 and 2022.

The scope of this report covers the ultra-wideband (UWB) market on the basis of end user, application, and geography. The healthcare vertical led the UWB market in 2015, and the trend is expected to continue till 2022. The high acceptance rate of UWB technology in healthcare to track and monitor assets, personnel, and patients as well as to maintain a hygienic environment is dominant factor behind the largest market share of the healthcare end user segment. Residential and manufacturing segment are expected to grow at the highest rate in the UWB market between 2016 and 2022 because of the broad application and use cases of UWB technology in these industries.

The RTLS/WSN application segment of the Ultra-Wideband market is expected to grow at the highest rate between 2016 and 2022. The high precision location identification, low interference with other signals, usability in both outdoor and indoor environments, and acceptable operating range makes UWB a significant technology in the RTLS/WSN applications.

North America held the largest share of the Ultra-Wideband market in 2015 owing to the extensive presence of major UWB players in this region. Moreover, the presence and early adoption of UWB technology in various industries such as healthcare, retail, and manufacturing in North America has contributed to the market dominance of this region. The U.S. is a major contributor to the growth of the UWB market in North America. The Ultra-Wideband market in Asia-Pacific (APAC) is expected to grow at the highest rate among all other regional markets for UWB between 2016 and 2022.

The Asia-Pacific (APAC) region includes some of the fastest-growing economies in the world, such as China and India. This region also includes some technologically advanced countries, such as Japan, Singapore, South Korea, and Australia. The rapid growth of the healthcare sector in China, Japan, and South Korea, along with the growth of the process industries in developing countries of this region, is expected to offer significant growth opportunities to the UWB market between 2016 and 2022. Moreover, the retail and automotive and transportation industries have contributed majorly to the growth of the UWB-based RTLS solution in the APAC region.

The major players in the UWB market include DecaWave Ltd. (Ireland), 5D Robotics Inc. (U.S.), Pulse ~LINK, Inc. (U.S.), Alereon, Inc. (U.S.), BeSpoon SAS (France), Fractus Antennas S.L. (Spain), Johanson Technology, Inc. (U.S.), and Nanotron Technologies GmbH (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441