The Ultra Wideband Market is expected to register a CAGR of 18% during the forecast period (2020 – 2025). Some of the major factors that are driving the growth of the market include the increasing deployment of the UWB technology in various mobile devices, the rapidly rising demand of the technology in Real-time location systems, and the increased adoption of the Industrial Internet of Things.
– Ever since the ruling of the Federal Communications Commission (FCC) in the United States opened up the spectrum from 3.1 GHz – 10.6 GHz for the ultra-wideband (UWB) applications in the year 2002, the interest in the usage of the UWB technology for localization outside of the military applications has grown exponentially. The multi-purpose nature of the technology for localization and also high or low data rate communication make it a robust and attractive tech in many indoor applications.
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– In the early 2000s, the UWB technology was witnessing limited usage in the military sector in their radars and covert communications and was used briefly as a form of medical imaging, such as in the remote heart monitoring systems. The adoption primarily lagged until recently when the commercial interests have begun exploring some potential uses.
– The technology is now being increasingly used for applications such as real-time location services (RTLS). Companies such as Apple, have patented the usage of UWB with beacons (called iBeacon), that are small battery-powered sensors which can be attached to objects and broadcast a signal, which then an enabled UWB device can use to estimate the distance between two objects down to a few centimeters for the location services.
Key Market Trends
Automotive and Transportation Segment is Expected to Witness Significant Growth
– The UWB technology has been investigated by multiple research groups for its applications in various vehicle-related scenarios, such as its application is being used as a parking guide, vehicle localization module as compensation of GPS, intra-vehicular networks, and cyclists tracking.
– The technology when integrated into smartphones is capable of enabling newer functions, such as secure passive entry. The technology will complement the existing short-distance radio standards in the keyless vehicle access. It also helps to avoid unauthorized access via relay attacks thereby making the keyless vehicle access much more secure by pinpointing the user’s location up to a few centimeters.
– Moreover, the vehicle radar manufacturers are slowly moving from 24 GHz to 77 GHz primarily owing to the regulations that have been put forth by various governmental agencies such as the US Federal Communications Commission (FCC) and the European Telecommunications Standards Institute (ETSI). The new regulations state that the 24 GHz frequency range will not be available for a bandwidth of 5 GHz, called as the Ultra-Wideband (UWB) for automotive applications after 2022 as mandated by both the agencies.
North America is Expected to Hold a Significant Market Share
– The North American region is anticipated to hold a significant market share of the UWB market primarily owing to the presence of multiple UWB players in the region and the rapidly increasing adoption rate of UWB-based technologies across multiple sectors such as healthcare and retail.
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