Asia Pacific Ultra-Wideband Chipset Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (RTLS, Imaging, and Communication) and End User (Manufacturing, Retail, Automotive, Healthcare, and Consumer Electronics) 

Asia Pacific Ultra-Wideband Chipset Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (RTLS, Imaging, and Communication) and End User (Manufacturing, Retail, Automotive, Healthcare, and Consumer Electronics) 

The ultra-wideband chipset market in APAC is expected to grow from US$ 333.98 million in 2021 to US$ 1,200.12 million by 2028; it is estimated to grow at a CAGR of 20.0% from 2021 to 2028.

UWB is a preferred technology in wireless sensor network (WSN) applications due to its good time-domain resolution, allowing it to offer precise location and tracking. A WSN is designed for areas where wiring and power supply have been difficult to achieve over the years. WSN has gained significant attention in the automotive, military, and transportation industries, among others. The automotive and transportation industries have witnessed a series of new and emerging UWB technology applications in the past few years, and wireless technologies are preferred in automobiles for radio reception and navigation purposes. Additionally, the introduction of advanced features in cars, such as keyless entry and tire pressure monitoring, has propelled the adoption of wireless data transmission techniques, thereby driving the ultra-wideband chipset market growth in APAC.

The COVID-19 pandemic had a huge impact on APAC in 2020 owing to a massive outbreak in the initial phases in China. The country is the most crucial manufacturer and industrial producer, as it trades more manufacturing goods than any other country worldwide. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China, including South Korea, India, Australia, and Japan, were also impacted by the pandemic. The manufacturing sectors in these countries experienced losses due to low production capacities and labor shortages, and weakened supply chains. Facilities manufacturing UWB-based systems were either shut down or operating at partial capacities during the Q2 and Q3 of 2020. However, due the surge in the use of remote monitoring technologies and software management tools amid the global crisis, the overall impact of the pandemic on APAC is estimated to be low to moderate. Moreover, with new features and technologies, vendors can attract new customers and expand their footprints in emerging markets.

APAC Ultra-Wideband Chipset Market Revenue and Forecast to 2028 (US$ Million)

APAC Ultra-Wideband Chipset Market Segmentation

APAC Ultra-Wideband Chipset Market - by Application

RTLS Imaging Communication APAC Ultra-Wideband Chipset Market - by End User

Manufacturing Retail Automotive Healthcare Consumer electronics APAC Ultra-Wideband Chipset Market - by Country

China India Japan South Korea Rest of APACAPAC Ultra-Wideband Chipset Market - Companies Mentioned

Apple Inc. Decawave. Johanson Technology Novelda AS NXP Semiconductors Taiyo Yuden Co., Ltd. Taoglas

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC ultra-wideband chipset market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC ultra-wideband chipset market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ultra-wideband chipset market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution