Communication Segment to Dominate North America Ultra-Wideband Chipset Market during 2021–2028

According to a new market research study on “North America Ultra-Wideband Chipset Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 526.95 million by 2028 from US$ 104.30 million in 2021. The market is estimated to grow at a CAGR of 26.0% from 2021 to 2028. The report provides trends prevailing in the North America ultra-wideband chipset market along with the drivers and restraints pertaining to the market growth. Increasing demand for UWB technology in RTLS applications is the major factor driving the growth of the North America ultra-wideband chipset market. However, issues associated with the narrow-band system is creating interference in UWB system hinder the growth of North America ultra-wideband chipset market.  

The North America ultra-wideband chipset market is segmented based on application, end user, and country. Based on application, the North America 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 North America 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, North America ultra-wideband chipset market is classified into US, Canada, and Mexico.

North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the market growth. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. Companies with supply chains are expected to be the most affected by this pandemic. As per industry experts, about 75% companies in the US could face supply chain issues in the coming months.  The COVID-19 pandemic outbreak has highly disrupted the socio-economy of various countries across the world. Similarly, it has positively affected the various businesses in the US. However, the RTLS 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 U.S. during the coronavirus pandemic, professional basketball and football seasons were made possible in part by contract tracing—specifically by Kinexon's ultra-wideband contact tracing system.

Alereon Inc. ; Apple Inc.; Decawave.; Johanson Technology; Novelda AS; NXP Semiconductors; Pulse~LINK, Inc.;and Taiyo Yuden Co., Ltd.; Taoglas are among the leading companies in the North America 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 2021, Apple Inc. launched iphone 13 line with has UWB U1 chipset.

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