The North America Ultra Wideband Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.16 billion by 2031. The Canada market is experiencing a CAGR of 20% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 19% during 2024-2031.
the adoption of UWB technology has been driven by several factors, including the increasing demand for precise location-based services, the growth of IoT devices, and the need for more secure and reliable communication protocols in various applications.
Additionally, UWB technology is increasingly adopted in smart building infrastructure for precise indoor positioning and navigation. It optimizes space utilization, enhances energy management, and provides location-based services such as automated lighting and HVAC control, improving overall building efficiency and user experience.
As internet access becomes more widespread in Mexico, there is a growing demand for IoT devices that rely on UWB technology for precise location tracking and secure communication. This trend supports the growth of UWB applications in smart homes, industrial automation, and connected devices across the country. According to the International Trade Administration (ITA), the Mexican telecommunications sector has consistently outpaced the overall economy’s growth, largely driven by mobile telephones, broadband services, and broadcasting. In 2022, Mexico had over 130 million active wireless lines, and over 113 million had Internet access.
The US market dominated the North America Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.16 billion by 2031. The Canada market is experiencing a CAGR of 20% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 19% during 2024-2031.
the adoption of UWB technology has been driven by several factors, including the increasing demand for precise location-based services, the growth of IoT devices, and the need for more secure and reliable communication protocols in various applications.
Additionally, UWB technology is increasingly adopted in smart building infrastructure for precise indoor positioning and navigation. It optimizes space utilization, enhances energy management, and provides location-based services such as automated lighting and HVAC control, improving overall building efficiency and user experience.
As internet access becomes more widespread in Mexico, there is a growing demand for IoT devices that rely on UWB technology for precise location tracking and secure communication. This trend supports the growth of UWB applications in smart homes, industrial automation, and connected devices across the country. According to the International Trade Administration (ITA), the Mexican telecommunications sector has consistently outpaced the overall economy’s growth, largely driven by mobile telephones, broadband services, and broadcasting. In 2022, Mexico had over 130 million active wireless lines, and over 113 million had Internet access.
List of Key Companies Profiled
- Qorvo, Inc.
- NXP Semiconductors N.V.
- Texas Instruments, Inc.
- Apple, Inc.
- Samsung Electronics Co. Ltd
- Johanson Technology, Inc.
- Sony Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- STMicroelectronics N.V.
- Intel Corporation
Market Report Segmentation
By Positioning System
- Indoor
- Outdoor
By Application
- Real-time Location System (RTLS)
- Imaging
- Communication
By End Use
- Consumer Electronics
- Automotive & Transportation
- Manufacturing
- Residential
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Ultra Wideband Market by Positioning System
Chapter 6. North America Ultra Wideband Market by Application
Chapter 7. North America Ultra Wideband Market by End Use
Chapter 8. North America Ultra Wideband Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Qorvo, Inc.
- NXP Semiconductors N.V.
- Texas Instruments, Inc.
- Apple, Inc.
- Samsung Electronics Co. Ltd
- Johanson Technology, Inc.
- Sony Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- STMicroelectronics N.V.
- Intel Corporation
Methodology
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