Global Ultra Wideband Market was valued at USD 1.09 billion in 2019 which is expected to reach USD 2.85 billion by 2027 at a CAGR 19.5%.
Ultra wideband is a type of radio technology which can use a very short range and high bandwidth communications over large share of radio spectrum. It is traditionally used in radar imaging. This technology has low power, low cost, and high data rates.
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Increase in demand of ultra wideband technology in RTLS is the key driving factor which is expected to boost the global ultra wideband market growth. Furthermore, increase in adoption of Internet of Things (IoT) will have the positive impact on global ultra wideband market growth. Moreover, rise in usage of ultra wideband in wireless sensor network which is expected to propel the growth of global ultra wideband industry growth. Also, growing deployment of ultra wideband technology in mobile devices will fuel the global ultra wideband market growth in near future.
However, availability of substitute products is expected to hamper the global ultra wideband market growth. Also, interference from other narrowband wireless systems will affect the growth of global ultra wideband industry.
Global Ultra Wideband Market is segmented into positioning system such as Indoor, and Outdoor, by application such as Communication, Imaging, RTLS, and Others. Further, Global Ultra Wideband Market is segmented into vertical such as Residential, Retail, Consumer Electronics, Automotive & Transportation, Manufacturing, and Healthcare.
Also, Global Ultra Wideband Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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By Positioning System
- Consumer Electronics
- Automotive & Transportation
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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