The Asia Pacific Ultra Wideband Market would witness market growth of 18.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $402.3 million by 2031. The Japan market is showcasing a CAGR of 18% during 2024-2031. Additionally, the India market would register a CAGR of 19.6% during 2024-2031.
Ultra wideband (UWB) technology has emerged as one of the most promising and versatile wireless communication technologies in recent years. Characterized by its ability to transmit data over a wide frequency spectrum, UWB offers high precision in location tracking, low power consumption, and minimal interference with other wireless technologies.
Additionally, UWB’s ability to provide highly accurate location tracking has made it a preferred choice for Real-Time Location Systems (RTLS). These systems are used in various industries, including manufacturing, logistics, and healthcare, to track assets, equipment, and personnel with centimeter-level accuracy.
With the rise in consumer electronics production, there is a growing demand for advanced technologies, including UWB, for applications such as location tracking, gesture control, and secure communications. This increases the demand for UWB components and solutions within India. As per the Investment Promotion and Facilitation Agency, domestic production of electronics is valued at $101 Bn in FY23. India’s domestic production has increased by 13% from $49 Bn in FY17 to $101 Bn in FY23. The country’s electronics exports are expected to reach $120 Bn by FY26. During Jun 2024, electronic goods exports were recorded at $2.82 Bn compared to $2.42 Bn during Jun 2023, registering a growth of 16.91%.
The China market dominated the Asia Pacific Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $402.3 million by 2031. The Japan market is showcasing a CAGR of 18% during 2024-2031. Additionally, the India market would register a CAGR of 19.6% during 2024-2031.
Ultra wideband (UWB) technology has emerged as one of the most promising and versatile wireless communication technologies in recent years. Characterized by its ability to transmit data over a wide frequency spectrum, UWB offers high precision in location tracking, low power consumption, and minimal interference with other wireless technologies.
Additionally, UWB’s ability to provide highly accurate location tracking has made it a preferred choice for Real-Time Location Systems (RTLS). These systems are used in various industries, including manufacturing, logistics, and healthcare, to track assets, equipment, and personnel with centimeter-level accuracy.
With the rise in consumer electronics production, there is a growing demand for advanced technologies, including UWB, for applications such as location tracking, gesture control, and secure communications. This increases the demand for UWB components and solutions within India. As per the Investment Promotion and Facilitation Agency, domestic production of electronics is valued at $101 Bn in FY23. India’s domestic production has increased by 13% from $49 Bn in FY17 to $101 Bn in FY23. The country’s electronics exports are expected to reach $120 Bn by FY26. During Jun 2024, electronic goods exports were recorded at $2.82 Bn compared to $2.42 Bn during Jun 2023, registering a growth of 16.91%.
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
- China
- Japan
- India
- South Korea
- Australia & New Zealand
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Ultra Wideband Market by Positioning System
Chapter 6. Asia Pacific Ultra Wideband Market by Application
Chapter 7. Asia Pacific Ultra Wideband Market by End Use
Chapter 8. Asia Pacific 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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