Consumer Electronics Segment to Dominate APAC Ultra-Wideband Chipset Market during 2021–2028

According to a new market research study on “APAC Ultra-Wideband Chipset Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 1,200.12 million by 2028 from US$ 333.98 million in 2021. The market is estimated to grow at a CAGR of 20.0% from 2021 to 2028. The report provides trends prevailing in the APAC ultra-wideband chipset market along with the drivers and restraints pertaining to the market growth. Increasing demand for high accuracy and low power consumption wireless technologies is the major factor driving the growth of the APAC ultra-wideband chipset market. However, issues associated with the narrow-band system is creating interference in UWB system hinder the growth of APAC ultra-wideband chipset market.  
The APAC ultra-wideband chipset market is segmented based on application, end user, and country. Based on application, the APAC market is segmented into RTLS, imaging, and communication. The communication segment dominated the market in 2020 and RTLS segment is expected to be the fastest growing during the forecast period. Based on end user, the APAC market is segmented into manufacturing, retail, automotive, healthcare, and consumer electronics. The consumer electronics segment dominated the market in 2020 and automotive segment is expected to be the fastest growing during the forecast period. Based on country, APAC ultra-wideband chipset market is classified into China, India, Japan, South Korea, and Rest of APAC.

The APAC region is hugely affected by a COVID-19, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country in the globe; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also impacted by the pandemic, such as huge South Korea, India, Australia, and Japan, and are experiencing downward growth. Since the outbreak of COVID-19 across the Asia-Pacific, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. Additionally, the labor shortage has affected the manufacturing sector in these countries. UWB based systems production facilities are either shut down or currently unable to produce at full capacity, and this could negatively affect Q2 and Q3 revenues of companies for 2020 and result in slower growth in the near term. However, the use of remote monitoring technology, software management tools could lead to higher adoption during post COVID-19 period.  Hence, the overall impact of COVID-19 on APAC region is low to moderate.

Apple Inc.; Decawave.; Johanson Technology; Novelda AS; NXP Semiconductors; Taiyo Yuden Co., Ltd.; and Taoglas among the leading companies in the APAC ultra-wideband chipset market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, in 2020, Decawave's acquisition by Qorvo, a leading provider of innovative RF solutions was completed.

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