Ultra-wideband market projected to reach $9 billion by 2032, driven by indoor positioning systems.

From PR Newswire: 2024-10-17 04:30:00

The Ultra-wideband Market, valued at USD 1.7 billion in 2023, is projected to reach USD 9 billion by 2032. UWB technology offers precise location tracking, faster data transfer rates, and signal processing across various sectors like logistics, retail, and healthcare. The market is categorized into indoor and outdoor positioning systems, with indoor positioning systems expected to grow at over 20% CAGR. The imaging segment leads the market, with revenues surpassing USD 2 billion by 2032. North America holds over 35% of the market share, driven by technological innovation and government initiatives. Key players in the market include Apple, Samsung, and NXP Semiconductors.



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