Ultra Wideband Market is the radio technology that is used for conducting large quantity of digital data over a wide-ranging scale of frequency bands with very low power for a short distance. While in acting in the same frequency band, ultra wideband do not get distracted by carrier wave transmission as well as conventional narrowband. It carries a property to transmit the enormous amount of data up to 230 feet at the very low power which range less than 0.5 MW. Ultra wide band (UWB) is usually compared with other short distance wireless technology such as Bluetooth as well as with long distance wireless technology that is Wi-Fi.
Majorly, due to the growth in healthcare and retail sector is directly driving the market of Ultra Wideband Market market globally. The key factor that lifts the market growth of Ultra-wideband (UWB) worldwide is its capacity to track assets with accuracy. It is one the fastest-growing technology which withholds enormous market growth prospect. Indoor location tracking is encountered as a dominating application among other applications.
Ultra Wideband Market technology offers its benefits to the varied range of domain ranging from healthcare to defense. Another prime form is ultra wideband (UWB) technology based real-time location system (RTLS) or wireless sensor network solution. It is emerged as an excellent replacement of wireless fidelity (Wi-Fi) or radio frequency identification (RFID), as it has better potential to locate or track the precise location of any objects, which is difficult to track using above mentioned technologies due to difficulty concrete wall.
Although demand and necessity of Ultra Wideband Market in the healthcare, retail, and household activities can be seen significantly, factors such as low range, restricted throughput and high pricing of ultra-wideband (UWB) technology are performing as the main hindrance for the Ultra Wideband Market growth to a certain extent.
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The global Ultra-Wideband (UWB) market is segmented based on its application types, and end user types.
Based on the application type, ultra-wideband (UWB) market is segmented into:
High speed LAN / WAN ( >20 Mbps)
Tags for intelligent transport systems
Based on the end user type, Ultra Wideband Market is segmented into:
Automotive and transportation