The global ultra wideband market was valued at USD 1.40 billion in 2023 and is projected to reach USD 4.37 billion by 2030, expanding at a CAGR of 18.9% from 2024 to 2030. Market growth is driven by the increasing demand for high-precision location tracking and real-time data transmission across industries such as healthcare, automotive, industrial automation, and consumer electronics.
The rapid proliferation of IoT devices and large-scale smart infrastructure projects is significantly accelerating the adoption of UWB technology, as it delivers superior ranging accuracy, low latency, and reduced power consumption compared to conventional wireless technologies. Additionally, the growing adoption of contactless payments, digital keys, and secure access control systems is further propelling market growth, with UWB increasingly preferred for its robust security and resistance to signal interference.
Key Market Trends & Insights
- North America accounted for a 35.03% market share in 2023, driven by early adoption of advanced wireless technologies.
- By application, the real-time location systems (RTLS) segment dominated the market, capturing 52.36% of total revenue in 2023.
- Based on positioning system, the indoor positioning system segment held the largest market share in 2023, supported by growing demand in warehouses, hospitals, and smart buildings.
- By end use, the consumer electronics segment led the market in 2023, fueled by the integration of UWB in smartphones, wearables, and smart home devices.
Download a free sample PDF of the Ultra Wideband Market Intelligence Study by Grand View Research.
Market Size & Forecast
- 2023 Market Size: USD 1.40 Billion
- 2030 Projected Market Size: USD 4.37 Billion
- CAGR (2024–2030): 18.9%
- North America: Largest market in 2023
- Asia Pacific: Fastest-growing market
Competitive Landscape
The ultra wideband market is characterized by intense competition, with key players focusing on product innovation, strategic partnerships, collaborations, and geographic expansion to strengthen their market position and gain a competitive edge.
Key Players Include:
- Qorvo Inc.
- NXP Semiconductors
- Inpixon
- Texas Instruments Incorporated
- Apple, Inc.
- Samsung Electronics Co., Ltd.
- nanotron Technologies GmbH
- Fractus S.A.
- Humatics Corporation
- Johanson Technology Inc.
Recent Developments
- In February 2024, Ceva, Inc. launched a new low-power Ultra-Wideband IP solution compliant with FiRa 2.0 standards, designed for consumer and industrial IoT applications and enabling highly accurate wireless ranging.
- In October 2023, Infineon Technologies AG acquired 3db Access AG, a Zurich-based startup specializing in secure, low-power UWB technology. This acquisition strengthened Infineon’s capabilities in precise localization, secure smart access, and expanded its connectivity portfolio alongside Bluetooth, Wi-Fi, and NFC.
Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.
Conclusion
The global ultra wideband market is poised for rapid expansion, driven by increasing demand for precise localization, secure connectivity, and real-time communication across diverse industries. Advancements in IoT, smart infrastructure, and consumer electronics—combined with growing adoption of UWB in secure access and digital payment systems—are expected to sustain strong market momentum. With continued innovation and strategic investments by leading players, the UWB market is set to experience robust growth throughout the forecast period.
No comments:
Post a Comment