Ultra-Wideband Chipset Market Segments and Growth by 2028

The ultra-wideband chipset market was valued at US$ 498.55 million in 2021 and is projected to reach US$ 1,906.46 million by 2028; it is estimated to grow at a CAGR of 21.1% from 2021 to 2028.

Ultra-wideband is one of the growing technologies adopted in real-time location systems (RTLS) with a considerable growth potential due to its higher accuracy in tracking objects. UWB technology offers high accuracy and wide range and lower power consumption than other RTLS technologies such as RFID; this has led to increased penetration of UWB technology in applications requiring high accuracy. Owing to this higher accuracy of UWB technology, several end-users of RTLS have shifted from RFID and  Wi-Fi to UWB technology to improve the efficiency of the product. In addition, the UWB-integrated RTLS solutions offer various advantages to RTLS applications, thereby driving the ultra-wideband chipset market.

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Ultra-Wideband Chipset Market: Strategic Insights

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Impact of COVID-19 Pandemic on Asia-Pacific Ultra-Wideband Chipset Market Size

Due to the COVID-19 pandemic, several regions have suffered heavily, especially the Asia-Pacific region. The manufacturing sectors across the globe have been experiencing low production and a weaker supply chain. In addition, the labor shortage has also affected the manufacturing industry. UWB-based systems production facilities were also either shut down or unable to produce a total capacity, which has negatively affected companies' revenues from 2020 to mid-2021 and resulted in slower growth in the near term. However, with the growing usage of remote monitoring technology, software management tools could lead to higher adoption during the post-COVID period.  So, the overall impact of COVID-19 on the ultra-wideband chipset market across the globe is low to moderate.

Market Insights – Ultra-Wideband Chipset Market

Increasing Adoption of UWB Technology in Personal and Consumer Device Tracking Propelling Ultra-Wideband Chipset Market Growth

UWB significantly enhances the consumer experience of home entertainment products such as laptops, TV, and audio. This has led to increasing UWB technology adoption and eventually boosts the ultra-wideband chipset market growth. It is also being used to track the personal item. For example, the Apple U1 chip for spatial awareness is integrated into iPhones 11, 12, and 13. In addition, after Apple, various smartphone manufacturers have integrated UWB technology in their products, contributing to the growth of the ultra-wideband chipset market. Moreover, in April 2021, Apple released AirTag with UWB technology, post which Samsung officially launched its Galaxy SmartTag+ tracker comprising UWB. Thus, the surge in adoption rate contributes to the growth of the ultra-wideband chipset market.

Application-Based Insights

Based on offering, the ultra-wideband chipset market is segmented into RTLS, imaging, and communication. The communication segment led the market in 2021. UWB wireless communication transmits considerable data over a broad frequency spectrum ranging from 3.1 to 10.6 GHz. It includes ranging, authentication, wireless USB, and data transfer applications. Furthermore, the demand for wireless wideband communications systems has increased significantly, owing to emerging applications such as mobile ad-hoc networking and data collection through a wireless sensor network, driving the demand for ultra-wideband chipset market size.

The ultra-wideband chipset market is segmented based on application, end user, and geography. Based on type, the ultra-wideband chipset market is categorized into imaging measurement systems and non-imaging measuring systems. Based on end user, the ultra-wideband chipset market is segmented into manufacturing, retail, automotive, healthcare, and consumer electronics. Geographically, the ultra-wideband chipset market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of World. ALEREON, INC.; Apple Inc.; Bespoon SAS; Decawave Limited; TAIYO YUDEN CO., LTD.; Taoglas; Johanson Technology, Inc.; NOVELDA; NXP Semiconductors N.V.; and Pulse-Link, inc. are among the key players profiled during the ultra-wideband chipset market study.

Ultra-Wideband Chipset Market Regional Insights

The regional trends and factors influencing the Ultra-Wideband Chipset Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Ultra-Wideband Chipset Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Ultra-Wideband Chipset Market Report Scope

Ultra-Wideband Chipset Market Players Density: Understanding Its Impact on Business Dynamics

The Ultra-Wideband Chipset Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Players operating in the ultra-wideband chipset market are mainly focused on the development of advanced and efficient products.

• In 2021, Apple Inc. has launched AirTag with U1 UWB chipset designed to track objects using iPhone.

• In 2020, Samsung launched its new smartphone named as Samsung Galaxy Note20 Ultra smartphone which is powered by NXP Semiconductors’ ultra-wideband chipset.