North America Ultra-Wideband Chipset Market
Ultra-wideband (UWB) is one of the fastest-growing technologies adopted in real-time location systems (RTLS) with a considerable growth potential due to its accuracy in tracking assets. A UWB-based RTLS system is a combination of hardware and software, which forms a system that is used in a large bandwidth spectrum, usually greater than 500 MHz, and is characterized by high accuracy. The RTLS are used to locate and track assets and people in real time with the help of radio frequency signals. The UWB technology and the next-generation beacon technology are witnessing high demand from suppliers of RTLS solutions and asset-tracking systems. Moreover, the adoption of RTLS and UWB chipsets to track or locate people and objects within limited areas, such as shopping malls, hospitals, and airports is supporting the market growth. The UWB technology offers higher accuracy and range, along with a lower power consumption than other RTLS technologies, such as radio frequency identification (RFID), which makes it a preferred technology in a greater range of applications requiring high accuracy. Owing to the higher accuracy of UWB technology, several end users of RTLS have shifted from RFID and Wi-Fi to UWB technology for attaining improved efficiency, shortening lead times, and decreasing costs.
North America is one of the most important regions for the adoption and flourishment of new technologies owing to favorable government policies to boost innovation and strengthen the market growth. Hence, any adverse effect on the growth of industries is expected to hamper the economic growth of the region. As per industry experts, ~75% of companies in the US faced supply chain issues in the coming months. The COVID-19 pandemic disrupted the socioeconomic growth of various countries across the world. However, it has been favorable for the progress of several businesses in the US. Social distancing measures have primarily encouraged the use of RTLS during the pandemic. For instance, in the US, professional basketball and football seasons were made possible in part by contract tracing—specifically with the use of Kinexon's ultra-wideband contact tracing systems. 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 the coming years.
Strategic insights for the North America Ultra-Wideband Chipset provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 104.30 Million |
| Market Size by 2028 | US$ 526.95 Million |
| Global CAGR (2021 - 2028) | 26.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Ultra-Wideband Chipset refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Ultra-Wideband Chipset Market is valued at US$ 104.30 Million in 2021, it is projected to reach US$ 526.95 Million by 2028.
As per our report North America Ultra-Wideband Chipset Market, the market size is valued at US$ 104.30 Million in 2021, projecting it to reach US$ 526.95 Million by 2028. This translates to a CAGR of approximately 26.0% during the forecast period.
The North America Ultra-Wideband Chipset Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Ultra-Wideband Chipset Market report:
The North America Ultra-Wideband Chipset Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Ultra-Wideband Chipset Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Ultra-Wideband Chipset Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Ultra-Wideband Chipset Market
