Transparency Market Research delivers key insights on the global ultra wideband chipset market. In terms of revenue, the global ultra wideband chipset market is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ultra wideband chipset market.
Ultra wideband (UWB) refers to a technology that infuses low energy for high bandwidth communications in a short range. It can carry a huge amount of data over distances up to 230 feet. It can also carry the data across barriers such as doors or cross any other obstacle due to its higher power. It broadcasts digital pulses, which are precisely timed at number of frequency channels. It has various applications such as wireless printing, next-generation Bluetooth, peer-to-peer connections, and wireless high definition video.
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The global ultra wideband chipset market has been broadly segmented based on application and end user. Based on application, the ultra wideband chipset market has been divided into industrial automation (production lines, and logistics & operations management), automobile (in-car communication and telematics, smart car access, and others), drones, smart home devices, smartphones, and others. Based on end user, the market has been segregated into individual, government, automotive, and industrial. Among applications, the industrial automation segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period. This is primarily attributable to significant use of ultra wideband chipsets in production lines and logistics & operations management applications.
Ultra Wideband Chipset Market: Dynamics
The global ultra wideband chipset market has shown rapid growth, since the last few decades. One of the major factors driving the growth of the global ultra wideband chipset market includes rising adoption of UWB-based RTLS (real-time location system). RTLS is extensively used for indoor positioning, mainly to track or locate people or objects within a confined area such as shopping malls, hospitals, airports, etc. The added advantage of ultra wideband (UWB) chipset technology is that it helps to micro-position objects through obstructions and works in non-line-of-sight conditions. Big industries such as automotive, healthcare, retail, and many more have been using UWB for location detection of robots and transmission of sensory data in places such as automated warehouses. Initially, UWB systems were being used only in larger industries and military applications due to their high prices. In 2015, Decaware launched inexpensive UWB chips that can be embedded into commercial applications. Additionally, it eliminates the need for RTLS backend. The tags locate information and delivers it via Bluetooth to the app. UWB has registered huge adoption from different industry verticals, owing to the abovementioned factors, which is anticipated to fuel the growth of the global ultra wideband chipset market during the forecast period.
The usage of smart things in home appliances is significant across the globe. Products with wireless connectivity (from light bulbs to thermostats to smart speakers) are used more currently in people’s homes than earlier. It has been found out that approximately 79 percent of U.S. consumers have at least one connected device at home. However, the technology actually has its roots in a world that predates the growth of remote control thermostats: industrial manufacturing, which is expected to grow at a low pace in the market after the major impact on industries due to COVID-19 in the year 2023. However, Industrial Internet of Things (IIoT) takes networked sensors and intelligent devices and puts those technologies to use directly on the manufacturing floor, collecting data to drive artificial intelligence, and predictive analytics.
Ultra Wideband Chipset Market: Prominent Regions
According to regional analysis, North America is the dominant region in the global ultra wideband chipset market. The growth of the ultra wideband chipset market in the region can be attributed to the significant manufacturing capability of players operating in the North America market to produce ultra wideband chipsets for industrial automation and automobile applications. The U.S. has proved to be the most diversified and dynamic market. Ultra wideband chipsets are majorly used in the industrial automation sector for production lines, and logistics & operations management applications; this is anticipated to drive the ultra wideband chipset market in North America over the next few years.
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The U.S. held a major share of the North America ultra wideband chipset market, in terms of revenue, followed by Canada, in 2019. However, in terms of revenue, the market in Rest of North America is anticipated to expand at a substantial CAGR during the forecast period. Europe is focusing on the adoption of ultra wideband chipsets in order to strengthen its automotive, industrial, and government sector. Germany is home to several well-established players that design and offer ultra wideband chipsets. Thus, rising demand for ultra wideband chipsets in automotive, industrial, and government sectors is anticipated to boost the ultra wideband chipset market in Europe during the forecast period. The ultra wideband chipset market in Asia Pacific is estimated to witness prominent growth during the forecast period. The market in Middle East & Africa and South America is expected to witness moderate growth in the near future.
Ultra Wideband Chipset Market: Key Players
Key players operating in the global ultra wideband chipset market include Alereon, Inc., Apple Inc., BeSpoon SAS, DecaWave Limited, Fractus Antennas S.L., Furaxa Inc., Johanson Technology, Inc., Nanotron Technologies GmbH, NXP Semiconductors N.V., Pulse-LINK, Inc., Taiyo Yuden Co., Ltd., and Zebra Technologies Corp.
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