Global Ultra-Wideband Technology Market Trends, Forecast Report 2025-2037
Ultra-Wideband Technology Market size is poised to expand from USD 1.42 billion to USD 14.82 billion, exhibiting a CAGR of more than 19.5% during the forecast timeline, from 2025 to 2037. In the year 2025, the industry size of ultra-wideband is evaluated at USD 1.64 billion.
The market growth can be ascribed to spiking penetration of smartphones and other personal electronic devices across the globe. UWB technology is particularly precise in terms of interior navigation and position tracking, making it a useful solution for use in consumer gadgets such as smartphones. Smartphones and other portable electronic devices are rapidly being used to perform high-bandwidth applications that demand low-latency wireless connections, such as watching online video and gaming. For instance, smartphone subscriptions were estimated to hit approximately 5000 million in 2018 and are projected to reach about 7000 million by the year 2027 globally.
Additionally, significant expansion in the IT sector and the growing prevalence of wireless sensor networks will influence the market size. For instance, in 2022, the IT sector spent about USD 1 trillion on telecommunication across the globe, and that is expected to rise. Moreover, up-surged mobile data traffic on the back of a rising number of internet users is expected to fuel the market growth.
Ultra-Wideband Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Ultra-Wideband in Healthcare Sector- As of 2019, the global health expenditure was estimated to reach about USD 1100 per capita.ultra-wideband becomes significant in the healthcare sector, since it contributes effectively to medical monitoring. Moreover, ultra-wideband is utilized to monitor the motion of the patients to determine the important signs within the human body by transmitting wireless RF waves. Furthermore, the technology is also helpful to monitor and analyze medicine storage for quality measurement. Hence, such a higher demand is projected to hike the ultra-wideband market growth during the forecast period.
- Rising Penetration of IoT Worldwide - The global adoption of the Internet of Things (IoT) is increasing, which is fuelling the expansion of the Ultra-Wideband (UWB) industry. Moreover, owing of its lower power consumption, short-range transmission, and large bandwidth, UWB technology is a good fit for IoT devices, since they rely on wireless communication to send and receive data. The total global spending on IoT in 2020 is estimated to reach approximately USD 700 billion and is projected to grow Y-O-Y.
- Increasing Consumer Spending on Electronics- In 2022, consumer electronic spending was estimated to be approximately USD 500 billion while the total device shipment was projected to be around 2 billion units in a similar year around the globe.
- Significant Utilization of Ultra-Wideband in the Retail Sector- One of the major sectors making use of UWB is retail. The real-time tracking of assets, such as goods and shopping carts, is possible using UWB technology, which is particularly suited for indoor positioning. This can aid merchants in better inventory control, shrinkage reduction, and customer service improvement. It is observed that the total sales in the retail sector reached around USD 22 trillion in 2020 while further expected to increase to nearly USD 30 trillion by the year 2025 around the world.
Challenges
- Complexities in Channel Estimation for UWB Communications - The estimation of the channel is an essential parameter when designing wireless communication receivers. Larger frequency bands in UWB can accelerate antenna swap-outs and complicate antenna counts, further complicating channel estimation. Hence, such complexities are projected to impede market’s growth over the forecast period.
- Low Awareness in Underdeveloped Regions
- Continuous Requirement of Expensive Maintenance
Ultra-Wideband Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
19.5% |
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Base Year Market Size (2024) |
USD 1.42 billion |
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Forecast Year Market Size (2037) |
USD 14.82 billion |
|
Regional Scope |
|
Ultra-Wideband Segmentation
Positioning System (Indoor, Outdoor)
The indoor segment is projected to dominate the market share by the end of 2037. Since typical GPS signals may be weak or hindered in confined locations such as buildings, indoor positioning systems are more frequently employed in these settings. Since of its broad bandwidth and low power requirements, UWB is a good fit for this application, as it can deliver precise position data using time-of-flight (ToF) measurements even in settings with a lot of multipath interference. Applications for these include asset tracking, interior navigation, and emergency response, among others. For instance, as per the reported data, UWB technology is much more accurate than other wireless technologies such as Wi-Fi or Bluetooth with an accuracy of 10-35 cm.
Application (Communication, Imaging, RTLS)
The real time location system (RTLS) segment is predicted to witness noteworthy growth over the forecast period, due to booming implementation of real-time location services across the globe in multiple industries. Moreover, it helps to determine the location of particular equipment, and patients in the healthcare sector, and it is expected to boost the segment growth. For instance, in 2022, the implementation of Bluetooth real-time location services in various verticals such as public venues, smart offices, hospitality, healthcare, manufacturing, and others is projected to be around 58% in the world.
Our in-depth analysis of the global market includes the following segments:
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By Positioning System |
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By Application |
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By End-User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Ultra-Wideband Industry - Regional Synopsis
The North America ultra-wideband market is predicted to hold majority revenue share by the end of 2037. The market growth can be due to ongoing development of the healthcare sector and the presence of major key players in the region. In the healthcare sector, patients travel from one room to another room, and ultra-wideband is used to track the location of patients, which in turn is further anticipated to boost the market revenue. Furthermore, there has been a rising need for data communication, followed by an increasing digital population, and it is predicted to drive the market growth in the North America region. The data stated, more than 90 percent of the population in the United States is digitally connected.
Companies Dominating the the Ultra-Wideband Landscape
- Johanson Technology Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Alereon, Inc.
- Texas Instruments Incorporated
- Starix Technology, Inc.
- NXP Semiconductors N.V.
- Ubisense Limited
- Humatics Corporation
- Zebra Technology Corporation
- Apple Inc.
- 5D Robotics, Inc.
Recent Developments
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Texas Instruments Incorporated to expand its connectivity portfolio by launching a new line of Bluetooth LE wireless MCUs. The system is developed to provide high-quality Bluetooth Low Energy at a reduced price compared to the alternative devices.
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Ubisense Limited to unveil its new UB-Tag that comes with Simultaneous Ultra-Wideband and the capabilities of BLE tracking. UB-Tag is robust, small, and usable for industrial applications. The device can transmit BLE and ultra-wideband signals at the same time simultaneously.
Author Credits:
- Report ID: 3321
- Published Date: Jan 28, 2025
- Report Format: PDF, PPT
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Ultra-Wideband Market Report Scope
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