The Global Ultra Wideband Market size is expected to reach $4.9 billion by 2031, rising at a market growth of 18.2% CAGR during the forecast period.
UWB technology enhances the operation of automated and collaborative robots by providing accurate positioning and collision avoidance capabilities. This enables robots to work alongside human operators and other machines with greater precision, improving efficiency and flexibility in manufacturing processes. UWB can provide precise measurements and inspections in quality control and testing applications. This includes monitoring the alignment and positioning of components, detecting defects, and ensuring the accuracy of manufacturing processes. Thus, the manufacturing segment held 18% revenue share in the market in 2023.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In February, 2024, Qualcomm introduced the FastConnect 7900, the first AI-optimized Wi-Fi 7 system integrating Wi-Fi, Bluetooth, and it on a single chip. This innovation enhances connectivity and proximity features like digital keys and indoor navigation, with a commercial launch planned for late 2024. Additionally, In November, 2023, NXP Semiconductors has unveiled the Trimension NCJ29D6, an advanced automotive UWB chip that integrates secure localization with short-range radar. Designed for applications such as car access and child detection, it aims for 2025 vehicle integration, improving performance, security, and cost efficiency.
Based on the Analysis presented in the KBV Cardinal matrix; Apple, Inc. is the forerunner in the Ultra Wideband Market. Companies such as Qorvo, Inc., Samsung Electronics Co., Ltd., and STMicroelectronics N.V. are some of the key innovators in Ultra Wideband Market. In September, 2023, Apple Inc. has upgraded its Watch Series 9 and Watch Ultra 2 with a second-generation UWB chip, enhancing precision location services for integration with Home Pod and iPhone. This advancement underscores UWB’s expanding role in high-precision applications, including keyless entry and contactless payments.
Additionally, UWB improves the user experience in smart environments by enabling precise indoor navigation, location-based services, and context-aware interactions. This enhances the functionality of smart homes, offices, and public spaces, making them more responsive to user needs. In conclusion, IoT and Smart Infrastructure growth drive the market’s growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
The Ultra Wideband (UWB) market is highly competitive, with prominent players like Apple, Samsung, and Decawave (Qorvo) leading innovation. Key attributes include precision in location tracking, low power consumption, and high data transfer rates, making UWB ideal for applications in indoor positioning, smart devices, and automotive systems.
UWB technology enhances the operation of automated and collaborative robots by providing accurate positioning and collision avoidance capabilities. This enables robots to work alongside human operators and other machines with greater precision, improving efficiency and flexibility in manufacturing processes. UWB can provide precise measurements and inspections in quality control and testing applications. This includes monitoring the alignment and positioning of components, detecting defects, and ensuring the accuracy of manufacturing processes. Thus, the manufacturing segment held 18% revenue share in the market in 2023.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In February, 2024, Qualcomm introduced the FastConnect 7900, the first AI-optimized Wi-Fi 7 system integrating Wi-Fi, Bluetooth, and it on a single chip. This innovation enhances connectivity and proximity features like digital keys and indoor navigation, with a commercial launch planned for late 2024. Additionally, In November, 2023, NXP Semiconductors has unveiled the Trimension NCJ29D6, an advanced automotive UWB chip that integrates secure localization with short-range radar. Designed for applications such as car access and child detection, it aims for 2025 vehicle integration, improving performance, security, and cost efficiency.
KBV Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the KBV Cardinal matrix; Apple, Inc. is the forerunner in the Ultra Wideband Market. Companies such as Qorvo, Inc., Samsung Electronics Co., Ltd., and STMicroelectronics N.V. are some of the key innovators in Ultra Wideband Market. In September, 2023, Apple Inc. has upgraded its Watch Series 9 and Watch Ultra 2 with a second-generation UWB chip, enhancing precision location services for integration with Home Pod and iPhone. This advancement underscores UWB’s expanding role in high-precision applications, including keyless entry and contactless payments.
Market Growth Factors
As smart technologies and connected devices become more prevalent, there is a greater need for precise location services to enable seamless interactions and functionality. UWB supports advanced smart home features, such as automated lighting and security systems, by providing accurate location data to trigger actions based on user presence or movement.Additionally, UWB improves the user experience in smart environments by enabling precise indoor navigation, location-based services, and context-aware interactions. This enhances the functionality of smart homes, offices, and public spaces, making them more responsive to user needs. In conclusion, IoT and Smart Infrastructure growth drive the market’s growth.
Market Restraining Factors
For large-scale deployments, such as in smart cities or extensive industrial environments, the short range of UWB necessitates the installation of numerous UWB nodes or anchors to ensure comprehensive coverage. This can lead to increased costs and complexity in setting up and maintaining the UWB infrastructure. Therefore, short-range limitations are hampering the market’s growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Driving and Restraining Factors
Drivers
- Growing demand for precision location services
- Growing focus on security and privacy
- Growth in IoT and smart infrastructure
Restraints
- High Initial Costs of the UWB
- Short range limitations
Opportunities
- Advancements in proximity-based marketing
- Expansion of the smart agriculture solutions
Challenges
- Increasing competition from alternative technologies
- Integration challenges with existing infrastructure
Positioning system Outlook
Application Outlook
On the basis of application, the market is segmented into real-time location system (RTLS), imaging, and communication. In 2023, the imaging segment attained 32% revenue share in the market. UWB technology offers the ability to achieve high-resolution imaging by providing detailed information on objects’ spatial and temporal dimensions.
End Use Outlook
By end use, the market is divided into consumer electronics, automotive & transportation, manufacturing, residential, and others. In 2023, the consumer electronics segment registered 37% revenue share in the market. Consumer electronics, including smartphones, smartwatches, and smart home devices, can benefit from the highly precise location-tracking capabilities of UWB.By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 31% revenue share in the market. APAC is seeing increased investment in research and development from both government and private sectors.Market Competition and Attributes
The Ultra Wideband (UWB) market is highly competitive, with prominent players like Apple, Samsung, and Decawave (Qorvo) leading innovation. Key attributes include precision in location tracking, low power consumption, and high data transfer rates, making UWB ideal for applications in indoor positioning, smart devices, and automotive systems.
Recent Strategies Deployed in the Market
- Feb-2024: Qualcomm introduced the FastConnect 7900, the first AI-optimized Wi-Fi 7 system integrating Wi-Fi, Bluetooth, and Ultra Wideband on a single chip. This innovation enhances connectivity and proximity features like digital keys and indoor navigation, with a commercial launch planned for late 2024.
- Nov-2023: NXP Semiconductors has unveiled the Trimension NCJ29D6, an advanced automotive UWB chip that integrates secure localization with short-range radar. Designed for applications such as car access and child detection, it aims for 2025 vehicle integration, improving performance, security, and cost efficiency.
- Sep-2023: Apple Inc. has upgraded its Watch Series 9 and Watch Ultra 2 with a second-generation UWB chip, enhancing precision location services for integration with HomePod and iPhone. This advancement underscores UWB’s expanding role in high-precision applications, including keyless entry and contactless payments. The new models will be available from September 22, 2023.
- Mar-2023: Samsung Electronics has launched the Exynos Connect U100, its first ultra-wideband (UWB) chipset, offering centimeter-level accuracy for mobile, automotive, and IoT applications. This advanced chipset integrates radio frequency and power management components, enhancing secure, precise location tracking and supporting AR/VR applications. Certified by industry standards, it is designed for hyper-connected environments.
- Feb-2023: Qorvo, Inc. and Quectel has introduced the AU30Q ultra-wideband automotive module, utilizing Qorvo’s chipset to deliver precise localization and secure vehicle access. This module supports digital keys, adheres to global standards, and enhances real-time interactions between vehicles and their owners with advanced security features.
- Dec-2022: Samsung Electronics Co. Ltd. partnered with Zigbang to introduce the SHP-R80 UWB-based smart door lock. This advanced lock allows touchless access via a digital key from the Samsung Wallet app, offering enhanced security and convenience. Initially available in South Korea, it also integrates with the Zigbang app for remote notifications
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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia & New Zealand
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. Global Ultra Wideband Market by Positioning System
Chapter 6. Global Ultra Wideband Market by Application
Chapter 7. Global Ultra Wideband Market by End Use
Chapter 8. Global Ultra Wideband Market by Region
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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