Europe 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) 

Europe 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 Europe is expected to grow from US$ 56.44 million in 2021 to US$ 170.44 million by 2028; it is estimated to grow at a CAGR of 17.1% from 2021 to 2028.

UWB is the fastest-growing technology that is significantly improving consumers’ experience associated with home entertainment products, such as TV, laptop, and audio equipment. UWB enables the working of wireless connections at higher speeds, making it perfect for connecting television to home audio equipment. UWB supports less power-consuming and low-cost operations of devices. It is also being used in personal item tracking systems. For example, Apple designed a U1 chip enabled with the UWB technology for spatial awareness. It is integrated into i Phone 11, 12, and 13 series smartphones. Following Apple, various smartphone manufacturers have integrated UWB technology into their products. Moreover, in April 2021, Apple released Air Tag supported by UWB, BLE, and NFC technologies, and post this, Samsung officially launched its Galaxy Smart Tag+ tracker, comprising UWB and BLE technologies. Smart Tag+ also enables artificial reality (AR) tracking as a part of its Smart Things service. Thus, the rising adoption of UWB technology in personal and consumer device tracking is bolstering the market growth.

The impact of COVID-19 varied from country to country across Europe, as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown periods or social isolation. However, western European countries such as Germany, France, Russia, and the UK witnessed a comparatively moderate decline in their production activities owing to their robust healthcare infrastructure. The European economy is expected to shrink by 0.1%, with a negative growth rate in the first half of the year 2020, followed by mild recovery in the second half of 2020. The imbalance in revenue generation of the companies and the lockdown phase in several European countries had a significant negative impact on the ultra-wideband chipset market in the first half of 2020. Factory shutdown, travel and trade bans, and border lockdown enacted by governments to combat and contain the outbreak hindered the growth of various markets in Europe. The automotive & transportation, healthcare, and consumer electronic sectors faced disruptions due to the shutdown of businesses. However, UWB is being projected highly for its high accuracy in contact tracing amid the COVID-19 outbreak. Thus, the overall impact of COVID-19 on the European region is low to moderate.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the ultra-wideband chipset market in Europe during the forecast period.

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

Europe Ultra-Wideband Chipset Market Segmentation

Europe Ultra-Wideband Chipset Market - by Application

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

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

Germany France Italy UK Rest of Europe Europe Ultra-Wideband Chipset Market - Companies Mentioned

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

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