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

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

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.

Ongoing advancements in new application areas of ultra-wideband (UWB) technology in the wireless sensor network and growing deployment of the technology in mobile devices are propelling the ultra-wideband chipset market growth. Furthermore, UWB is one of the fastest-growing technologies adopted in real-time location system (RTLS), with a considerable growth potential due to its accuracy in tracking assets. UWB technology and the next-generation Bluetooth low energy beacon technology are likely to be in demand by the providers of RTLS solutions and asset tracking systems during the forecast period, which will boost the ultra-wideband chipset market size. Thus, the adoption of RTLS of ultra-wideband chipsets to track or locate people or objects within confined areas such as shopping malls, hospitals, and airports is expected to drive the global ultra-wideband chipset market during the forecast period.

Moreover, UWB technology is widely used in RTLS solutions to track and monitor hospital assets, patients, healthcare professionals, and hygiene inside the hospitals. Healthcare is one of the major verticals in which UWB technology based RTLS solutions have seen a high penetration. Healthcare institutions across North America and Europe spend a considerable amount on for adoption RTLS for asset and personnel tracking which is fueling the adoption of the ultra-wideband chipset market.

Impact of COVID-19 Pandemic on Ultra-Wideband Chipset Market

The COVID-19 pandemic has highly disrupted the socio-economy of various countries worldwide. Similarly, it has positively affected the various businesses in the US. However, the RTLS segment for the healthcare market has experienced significant growth opportunities during the pandemic. The initiative of social distancing has primarily contributed to the increasing use of RTLS during the pandemic. For instance, in the US, during the pandemic, professional basketball and football seasons were made possible in part by contract tracing—specifically by Kinexon's ultra-wideband contact tracing system. Thus, the increase in adoption of UWB technology to adhere to the norm of social distancing is has boosted the demand for ultra-wideband chipsets in North America.

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 operating in the global ultra-wideband chipset market.

The overall global ultra-wideband chipset market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the ultra-wideband chipset market. The process also serves the purpose of obtaining an overview and forecast of the ultra-wideband chipset market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the ultra-wideband chipset market.

Reason to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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

The List of Companies - Ultra Wideband Chipset Market

1. ALEREON, INC.
2. Apple Inc.
3. Bespoon SAS
4. Decawave Limited
5. TAIYO YUDEN CO., LTD.
6. Johanson Technology, Inc.
7. NOVELDA AS
8. NXP Semiconductors N.V.
9. Pulse-Link, inc.
10. Taoglas