North America Ultra-Wideband Chipset Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (RTLS, Imaging, and Communication) and End User (Manufacturing, Retail, Automotive, Healthcare, and Consumer Electronics) 

North America Ultra-Wideband Chipset Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (RTLS, Imaging, and Communication) and End User (Manufacturing, Retail, Automotive, Healthcare, and Consumer Electronics) 

The ultra-wideband chipset market in North America is expected to grow from US$ 104.30 million in 2021 to US$ 526.95 million by 2028; it is estimated to grow at a CAGR of 26.0% from 2021 to 2028.

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.

North America Ultra-Wideband Chipset Market Revenue and Forecast to 2028 (US$ Million)

North America Ultra-Wideband Chipset Market Segmentation

North America Ultra-Wideband Chipset Market - by Application

RTLS Imaging Communication North America Ultra-Wideband Chipset Market - by End User

Manufacturing Retail Automotive Healthcare Consumer electronics North America Ultra-Wideband Chipset Market - by Country

US Canada Mexico North America Ultra-Wideband Chipset Market - Companies Mentioned

Alereon Inc. Apple Inc. Decawave. Johanson Technology Novelda AS NXP Semiconductors Pulse~LINK, Inc. Taiyo Yuden Co., Ltd. Taoglas

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