Global Ultra-Broadband Technology Market Definition
Ultra-wideband (UWB) or ultra-wideband is a radio technology used for short-range transmission. It uses multiple frequencies to send data over short distances and utilizes low power levels, operating in the 3.1 to 10.6 GHz frequency range, and is able to send data over a wider bandwidth than more established narrowband technologies such as Bluetooth and Wi-Fi. This wide bandwidth enables high data speeds, precise range, location monitoring, and enhanced interference immunity. Precision indoor positioning and navigation, wireless sensor networks, and personal area networks (WPANs) are just a few of the uses for UWB technology. These devices communicate over radio waves. Ultra-wideband technology enables accurate location determination through a low-power, fast and secure wireless method. UWB wireless technology differs from traditional wireless communications in that it uses very small radio frequency (RF) pulses to communicate between a transmitter and a receiver.
UWB transmitters transmit billions of radio pulses over a wide frequency spectrum, and UWB receivers interpret these pulses as message bits. Low power consumption, short-range transmission, and wide bandwidth are the defining characteristics of Ultra-Wideband technology. It uses pulsed radio amplification technology to send brief pulses of radio energy at regular intervals. These pulses do not interact with other wireless systems using nearby frequencies because they are very brief and widespread. As a result, UWB can transmit data quickly while still consuming very little power.
UWB technology excels when it comes to indoor positioning and navigation. It can provide precise location data using Time of Flight (ToF) measurements, which measure the time it takes for a signal to travel from a transmitter to a receiver, due to its wide bandwidth. With this in mind, UWB can provide accurate location data even indoors.
Global Ultra-Broadband Technology Market: Key Insights
Base year |
2023 |
Forecast year |
2024-2036 |
Compound annual growth rate |
~19.7% |
Base year market size (2023) |
~US$1.2 billion |
Forecasted annual market size (2036) |
~US$12.4 billion |
Area range |
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2024-2036 Global Market Size, Forecast and Trend Highlights
The ultra-wideband technology market size is USD 1.2 billion in 2023 and is likely to exceed USD 12.4 billion by the end of 2036, growing at a CAGR of more than 19.7% during the forecast period (i.e. 2024-2036). In 2024, the ultra-wideband industry size is expected to reach USD 1.41 billion. The growth of the market is mainly attributed to the surge in the penetration of smartphones and other personal electronic devices around the world. UWB technology is particularly accurate in internal navigation and location tracking, making it a useful solution for consumer electronics such as smartphones. Smartphones and other portable electronic devices are rapidly being used to run high-bandwidth applications that require low-latency wireless connections, such as watching online videos and gaming. Therefore, UWB technology is well suited for such applications and is expected to drive significant market growth in the coming years. For example, global smartphone subscriptions are expected to reach approximately 5 billion in 2018 and are expected to reach approximately 7 billion by 2027.
Global ultra-broadband technology market trends such as significant expansion in the IT sector and increasing penetration of wireless sensor networks are expected to have a positive impact on the growth of the market during the forecast period. For instance, in 2022, the global IT industry will spend about $1 trillion on telecommunications, which is expected to increase in the coming years. Moreover, the surge in mobile data traffic along with the increase in the number of network users is expected to further drive the market growth during the forecast period. Hence, all these factors are expected to drive the growth of the market during the forecast period.
Global Ultra-Broadband Technology Market: Growth Drivers and Challenges
Growth Drivers
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Growing Demand for UWB in Healthcare – Global per capita healthcare expenditure is expected to reach around $1,100 by 2019. UWB technology has become very important in the healthcare sector as it facilitates medical monitoring effectively. Moreover, the use of UWB technology monitors the patient’s movements by emitting wireless radio frequency waves to determine the vital signs inside the human body. Moreover, this technology also helps in monitoring and analyzing pharmaceutical storage for quality measurement. Hence, such high demand is expected to boost the market growth over the forecast period.
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Global IoT penetration continues to rise - The adoption of the Internet of Things (IoT) continues to increase worldwide, which has driven the expansion of the ultra-wideband (UWB) industry. In addition, due to its low power consumption, short transmission distance, and high bandwidth, UWB technology is very suitable for IoT devices because they rely on wireless communications to send and receive data. The total global IoT spending is expected to reach approximately US$700 billion in 2020 and is expected to increase year by year.
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Increased consumer electronics spending – Global consumer electronics spending is expected to be approximately US$500 billion in 2022, while total global device shipments are expected to be approximately 2 billion units during the same period.
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A large number of applications of ultra-wideband in the retail industry - Retail is one of the main industries using UWB. Using UWB technology, which is particularly suitable for indoor positioning, assets such as goods and shopping carts can be tracked in real time. This can help merchants better control inventory, reduce losses and improve customer service. It is observed that the total sales of the global retail industry reached approximately US$22 trillion in 2020, and it is expected to further increase to nearly US$30 trillion in 2025.
challenge
- Complexity of Channel Estimation in UWB Communications - Channel estimation is an important parameter when designing wireless communication receivers. Larger frequency bands in UWB can accelerate antenna replacement and complicate the number of antennas, further complicating channel estimation. Therefore, this complexity is expected to hamper the growth of the market during the forecast period.
- Low awareness in underdeveloped areas
- Continued need for expensive maintenance
Global Ultra-Broadband Technology Market Segmentation
The global ultra-wideband technology market is also segmented and analyzed by demand and supply, indoor and outdoor positioning systems. Among these segments, the indoor segment is expected to gain a higher market share by the end of 2036. Since typical GPS signals may be weak or obstructed in limited locations such as buildings, indoor positioning systems are used more frequently in these environments. Due to its wide bandwidth and low power requirements, UWB is well suited for this application as it can use time-of-flight (ToF) measurements to provide precise location data even in environments with a lot of multipath interference. These applications include asset tracking, interior navigation, and emergency response, among others. For example, UWB technology is much more accurate than other wireless technologies such as Wi-Fi or Bluetooth, with an accuracy of 10-35 cm, according to reported data.
The global ultra-wideband technology market is segmented by application and analyzes the demand and supply in the fields of communication, imaging, real-time location system (RTLS), among which the real-time location system (RTLS) segment is expected to witness significant growth during the forecast period. The growth of this segment can be attributed to the booming development of real-time location services in multiple industries across the world. Moreover, it helps in determining the location of specific devices and patients in the healthcare sector, which is expected to drive the growth of this segment during the forecast period. For example, by 2022, the implementation rate of Bluetooth real-time location services in various verticals such as public places, smart offices, hotels, healthcare, and manufacturing is expected to reach about 58% globally.
Our in-depth analysis of the global ultra-wideband technology market includes the following sub-sectors:
Through the positioning system |
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Press Apply |
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By End User |
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Regional Overview of Global Ultra-Broadband Technology Market
The North America ultra-wideband technology market is expected to account for the largest market share over all other regions’ markets by the end of 2036. The growth of the market can be attributed to the continuous development of the healthcare industry and the presence of key players in the region. In the healthcare sector, patients move from one room to another and ultra-wideband technology is used to track the location of the patients, which in turn is expected to boost the growth of the market in the region. Moreover, the growing demand for data communications and the increasing digital population are expected to drive the growth of the market in the North America region. Data shows that more than 90% of the population in the U.S. is digitally connected. Hence, all these factors are expected to drive the growth of the market during the forecast period.
Top featured companies dominating the global ultra-broadband technology market
- Johnson Technology
- Company Profile
- Business Strategy
- Main Products
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Developments
- Regional distribution
- SWOT Analysis
- Allyron
- Texas Instruments
- Star Sharp Technology Co., Ltd.
- NXP Semiconductors
- Ubisoft Ltd.
- Humadis
- Zebra Technologies
- apple inc.
- 5D Robot Company
In the News
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Texas Instruments (TI) is expanding its connectivity portfolio with the launch of a new Bluetooth LE wireless MCU family. The system was developed to provide high-quality Bluetooth low energy at a lower price than alternative devices.
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Ubisense Limited launches its new UB-Tag with simultaneous UWB and BLE tracking capabilities. The UB-Tag is rugged, small and can be used in industrial applications. This device can transmit BLE and UWB signals simultaneously.
作者致谢: Abhishek Verma
- Report ID: 3321
- Published Date: Feb 13, 2023
- Report Format: PDF, PPT