How big is the Ultra-Wideband Market?

The Ultra-Wideband Market size is expected to reach USD 1.82 billion in 2024 and grow at a CAGR of 17.53% to reach USD 4.08 billion by 2029. Read More

What is the current Ultra-Wideband Market size?

In 2024, the Ultra-Wideband Market size is expected to reach USD 1.82 billion. Read More

Who are the key players in Ultra-Wideband Market?

Qorvo Inc., Humatics Corporation, Pulse~Link Inc., Apple Inc. and Zebra Technologies Corporation are the major companies operating in the Ultra-Wideband Market. Read More

Which is the fastest growing region in Ultra-Wideband Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Ultra-Wideband Market?

In 2024, the Asia Pacific accounts for the largest market share in Ultra-Wideband Market. Read More

What years does this Ultra-Wideband Market cover, and what was the market size in 2023?

In 2023, the Ultra-Wideband Market size was estimated at USD 1.50 billion. The report covers the Ultra-Wideband Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ultra-Wideband Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ultra-Wideband Market Report | Industry Analysis, Size & Forecast

Ultra Wideband Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Ultra-Wideband Market Report is Segmented by Application (RTLS, Imaging, and Communication), End-User Vertical (Healthcare, Automotive and Transportation, Manufacturing, Consumer Electronics, Retail, and Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Ultra Wideband (UWB) Industry Overview

The market for Ultra-Wideband is fragemented and exceptionally competitive, mainly due to the presence of various critical vendors in the market operating in both international and domestic markets. The market is moderately concentrated, with the significant players adopting strategies such as mergers, acquisitions, and product innovation to widen their product portfolio and extend their geographic reach. Some vital players in the market are Qorvo Inc., Humatics Corporation, Pulse~Link Inc., Apple Inc., and Zebra Technologies Corporation, among others.

February 2024 - Tesla introduced a significant update to its operating system, version 2024.2.3, incorporating Apple's Ultra Wideband (UWB) technology. This update substantially enhances the functionality of the phone key, allowing Tesla owners to bypass the less secure and less accurate Bluetooth connections previously used for vehicle access.
November 2023 - NXP Semiconductors introduced the Trimension NCJ29D6. This automotive single-chip Ultra-Wideband (UWB) family integrates advanced, secure, and precise real-time localization with short-range radar. It is engineered to support a variety of applications within a single system, including secure car access, child presence detection, intrusion alerts, and gesture recognition. Automotive OEMs are already incorporating these devices, with deployment expected in vehicles for the 2025 model year.