Global Ultra-Wideband (UWB) Market

The Global Ultra-wideband (UWB) Market is estimated to grow at a CAGR of 5.4% during the forecast period 2020-2027. As per the detailed market study, the global marketplace is estimated to reach $128.04 Million by the end of the year 2027.

The ultra-wideband industry is driven by various growth factors such as rising demand for real-time location system (RTLS), surge in adoption of UWB in the retail and healthcare sector, increasing adoption of Internet of Things (IoT) devices and increasing demand for low power connectivity solutions. Whereas, government restrictions for limited application use and availability of substitute technology. Additionally, high cost of UWB products as compared to substitute product is a major challenge faced by market players in the global marketplace. On contrary, increasing adoption of smartphones and technological advancements for novel product development are some major opportunities for the market players.