REPORT HIGHLIGHT
Ultra Wideband Chipset market size was valued at USD 2,360.5 Million in 2022, expanding at a CAGR of 20.3% from 2023 to 2030.
Ultra-wideband is defined as a technology that uses low energy for high-bandwidth communication nearby because it has the capability to hold large data across a 230-foot distance. Additionally, it allows the broadcast of digital pulses that are accurately scheduled at a separate frequency of the channel. Moreover, it is utilized in numerous areas such as paper-to-peer connections, wireless printing, wireless high-definition video, and next-generation Bluetooth.
Ultra Wideband Chipset Market - Market Dynamics:
- Increasing adoption and rising demand are fueling the market growth
- The major factors fueling the ultra-wideband chipset market growth are the rising demand for ultra-wideband technology in several areas such as RTLS as well as the increasing adoption of the industrial Internet of Things (IoT). In line with this, with the use of next-generation BLE beacon technology and UWB technology, RTLS is employed to locate and track prole assets in real time. Moreover, technological advancements in the wireless sensor network and increasing deployment of ultra-wideband chipset technology in smartphones have driven the scope of the technology. Wireless network sensor is a type of ad hoc network and it has extreme importance in the military, transportation, and other sectors. Thus the expanding use of wireless network sensors has boosted the demand for the ultra-wideband chipset owing to the increasing application of ultra-wideband technology. However, the cost of ultra-wideband chipset and security concerns related to assessing control & payment may restrain the market growth over the forecast period.
Ultra Wideband Chipset Market - Key Insights:
- As per the analysis shared by our research analyst, the global ultra wideband chipset market is estimated to grow annually at a CAGR of around 20.3% over the forecast period (2023-2030)
- The ultra wideband chipset industry is projected to grow at a significant rate due to the growing use of wireless network sensors
- Based on type segmentation, bluetooth services was predicted to show maximum market share in the year 2022
- Based on end user segmentation, automotive was the leading type in 2022
- The ultra-wideband chipset is readily available in different sizes and fulfills the requirements of power consumption for microsensor nodes that are employed in wireless network sensors.
Ultra Wideband Chipset Market- Segmentation Analysis:
- The global ultra wideband chipset market is segmented on the basis of type, application, end user, and region.
- The market is divided into two categories based on type: Wi-Fi and Bluetooth. The Bluetooth segment is likely to maintain its dominance over the forecast period. The UWB Technology and Bluetooth Low Energy appear to be the best combination for social distancing wearables required to navigate the pandemic safely. To develop social distancing apps like PHYTEC's Distancer, companies like Insight SiP provide modules that combine the capabilities of the commercial UWB chips and Nordic's Nrf 52832 Bluetooth Low Energy SoC.
- The market is divided into three categories based on end-users: industrial, individual, automotive, and government. The automotive segment is likely to possess the largest revenue share shortly. The automotive segment is enhanced as ultra-wideband chipsets can use secure communication between several devices within the vehicle. It is also used for remote control of certain vehicle functions and remote starting of vehicles.
Ultra Wideband Chipset Market - Geographical Insights:
The ultra-wideband chipset market is geographically extensive and includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is projected to witness the largest share of the global ultra-wideband chipset market owing to the high manufacturing capability of players. The proliferation of industrial automation sectors has diversified the scope of UWB chipsets for production lines and logistics & operational management applications.
Ultra Wideband Chipset Market- Competitive Landscape:
The growth of the ultra-wideband chipset market is increased by regulatory support and standardization efforts. To ensure compatibility and interoperability of ultra-wideband chipsets numerous standardization bodies and organizations have defined regulations and specifications. The key players are focusing on increasing awareness regarding several broad applications such as keyless & secure entry to cars, better operational efficiency in workplaces & factories, and locating essentials in hospitals. Moreover, market players are adopting various technologies such as partnerships, new product launches, collaboration, and mergers & acquisitions to gain a competitive edge in the market.
Recent Developments:
For instance, in March 2023, Samsung Electronics announced its first ultra-wideband (UWB) chipset, the Exynos Connect U100. With single-digit centimeter accuracy, the new UWB solution is optimized for use in automotive, mobile, and Internet of Things (IoT) devices, providing precise distance and location information.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ULTRA WIDEBAND CHIPSET MARKET KEY PLAYERS
- Pulse~LINK
- Samsung Electronics
- Apple
- Nanotron Technologies
- Furaxa Inc.
- Fractus Antennas
- 5D
- Sony
- BeSpoon
- LitePoint
- Alereon
- Johanson Technology
- Texas Instruments
- NXP Semiconductors
- Decawave
- Zebra Technologies
- Sigma Designs
- Robotics
GLOBAL ULTRA WIDEBAND CHIPSET MARKET, BY TYPE
GLOBAL ULTRA WIDEBAND CHIPSET MARKET, BY APPLICATION
- Drone Segment
- Industrial automation
- Smart Home devices.
- Smartphone Segment
- Automobile segment
GLOBAL ULTRA WIDEBAND CHIPSET MARKET, BY END USER
- Industrial
- Individual
- Automotive
- Government
GLOBAL ULTRA WIDEBAND CHIPSET MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA