Global Ultra-Wideband Chipset Market Size By Type, By Application, By End-User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Ultra-Wideband Chipset Market Size By Type, By Application, By End-User, By Geographic Scope And Forecast
Ultra-Wideband Chipset Market Size And Forecast
Ultra-Wideband Chipset Market size was valued at USD 19.96 Million in 2024 and is projected to reach USD 31.12 Million by 2031, growing at a CAGR of 5.71%Â from 2024 to 2031.
Global Ultra-Wideband Chipset Market Drivers
The market drivers for the Ultra-Wideband Chipset Market can be influenced by various factors. These may include
Growing Need for Location-Based Services great precision indoor positioning and location-based services are made possible by UWB technology and are in great demand in a number of industries, including retail, healthcare, logistics, and the automotive sector.
Growing Adoption in IoT and Smart Home Applications UWB supports applications like asset monitoring, smart locks, and contactless payments by enabling accurate and secure communication between devices in IoT ecosystems and smart home setups.
Advances in Automotive Connectivity As demand for connected and autonomous vehicles grows, UWB is being incorporated into automotive systems more and more for applications like advanced driver assistance systems (ADAS), vehicle-to-vehicle communication, and keyless entry systems.
Wearable Technology Expansion UWB technology is being used in wearable devices like fitness trackers and smartwatches because to its advantages in precise indoor positioning and gesture detection.
Demand for High-Speed Data transmission Wireless docking, multimedia streaming, file sharing, and other situations where quick data transmission is necessary benefit from UWB’s capacity to transfer data at high speeds over short distances.
Emergence of Industry Standards and Regulations By guaranteeing interoperability and compatibility, the Federal Communications Commission (FCC) in the United States and other industry bodies have established industry standards and regulations pertaining to UWB technology, which serve as a framework for its deployment and promote market expansion.\
Growing R&D Investment To improve UWB technology’s performance, dependability, and affordability, major firms and government organisations will continue to invest in research and development, which will foster innovation and market growth.
Growing Integration in Consumer Electronics The demand for seamless connectivity and improved user experiences is driving the integration of UWB technology into a broad range of consumer electronics goods, such as laptops, tablets, smartphones, and smart home appliances.
Demand for Secure and Reliable Communication Applications requiring secure and reliable wireless communication, such as military and defence, healthcare, and industrial automation, can benefit from UWB’s intrinsic properties, such as low likelihood of interception and detection (LPI/LPD).
Global Trends Favouring Wireless Connectivity UWB technology has the opportunity to serve a variety of market needs and applications because to the widespread trend towards wireless connectivity solutions. This tendency is fueled by reasons including convenience, mobility, and the proliferation of connected devices.
Global Ultra-Wideband Chipset Market Restraints
Several factors can act as restraints or challenges for the Ultra-Wideband Chipset Market. These may include
Regulatory Difficulties A number of national and international regulatory agencies have jurisdiction over the spectrum in which UWB operates. The acceptance and implementation of UWB technology may be impacted by modifications to laws or limitations on the use of spectrum.
Concerns about Interference UWB signals have the ability to cause interference with Bluetooth and Wi-Fi, two additional wireless technologies that use the same frequency band. It can be difficult for UWB chipset manufacturers to deal with interference problems and guarantee coexistence with other wireless systems.
Cost In comparison to other wireless technologies, the price of UWB chipsets and related components may be somewhat higher. Adoption may be hampered by high costs, particularly in markets or applications where prices are crucial.
Complexity of Integration Considerable engineering knowledge and work may be needed to integrate UWB technology into systems or devices. Integration complexity can impede uptake and deployment, especially for businesses with little funding or experience with wireless technologies.
Lack of Standardisation Although IEEE 802.15.4z and other standards exist for UWB technology, interoperability and ecosystem development may be hampered by a lack of broad standardisation across sectors and applications.
Security and Privacy Concerns UWB technology, particularly in applications like indoor positioning and asset tracking, may raise security and privacy concerns related to data transmission and tracking capabilities. It may be a difficulty for UWB chipset vendors to address these issues and guarantee strong security measures.
Market Education and Awareness Adoption of UWB technology may be slowed down by potential users’ and decision-makers’ lack of knowledge and comprehension of it. One of the main obstacles to the widespread adoption of UWB technology could be educating the market about its advantages and prospective uses.
Competition from Alternative Technologies Conventional RF-based positioning systems, RFID, NFC, and other wireless technologies are competitors of UWB. Potential obstacles to the expansion of the UWB chipset market could come from competition from alternative technologies that already have established ecosystems and a market.
Global Ultra-Wideband Chipset MarketSegmentation Analysis
The Global Ultra-Wideband Chipset Market is segmented on the basis of Type, Application, End-User, and Geography.
Ultra-Wideband Chipset Market, By Type
Bluetooth
Wi-Fi
Based on Type, the market is bifurcated into Bluetooth and Wi-Fi. The UWB Technology, combined with the Bluetooth Low Energy proves to be an ideal solution for social distancing wearables needed to safely navigate the pandemic. Companies such as Insight SiP offer modules that combine the capabilities of the commercial UWB chips and Nordic’s Nrf 52832 Bluetooth Low Energy SoC (System-on-Chip) to develop social distancing apps such as PHYTEC’s Distancer.
Ultra-Wideband Chipset Market, By Application
Its usage in Industrial automation (Optimization of Supply Chains)
Its usage in the Smartphone Segment
Its Usage in the Smart Home devices.
Its usage in the Automobile segment (In-Car communications and Telematics, Smart Car Access)
Its usage in the Drone Segment
So, how is UWB Chipset Technology actually used? Well, think about its applications! It's all over the placein industrial automation (optimizing supply chains), in your smartphone, powering your smart home devices, and even showing up in the automobile segment (like for in-car communications and telematics, or even smart car access). You'll even find it in the drone segment. What's cool is how it makes using everyday things better – like your TVs, laptops, and audio equipment. Apparently, around 79% of people in the U.S. have at least one UWB-connected device at home. And with speeds of 110 Mbit/s and a 10-meter range, it's ideal for things like streaming high-quality video from your set-top box to your monitor.
Ultra-Wideband Chipset Market, By End-User
Individual
Government
Automotive
Industrial
Based on End-User, the market is bifurcated into Individual, Government, Automotive, and Industrial. Amongst its end users, Industrial Automation finds a wide range of uses pertaining to the optimization of the supply chain environment of many organizations. Companies such as Bosch Thermotechnology use a location tracking network based on the UWB technology to locate and manage the logistics vehicles within its plant in Portugal.
Ultra-Wideband Chipset Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Geography, the Global Ultra-Wideband Chipset Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Ultra-Wideband Chipset Market has a significant presence in the North American region due to the region’s advanced manufacturing ability of Ultra-Wideband Chipsets for industrial automation and automotive applications. In North America, the USA held a major share of the UWB Chipset market in terms of revenue, followed by Canada in 2019.
Key Players
The major players in the Ultra-Wideband Chipset Market are
By Type, By Application, By End-User, and By Geography.
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