The Europe Ultra Wideband Market would witness market growth of 17.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $304.8 million by 2031. The UK market is exhibiting a CAGR of 16.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 18.8% during (2024 - 2031).
UWB is increasingly integrated into smartphones, smartwatches, and other connected devices in consumer electronics. Apple’s inclusion of UWB in its iPhones for features like AirTag tracking has set a precedent for other manufacturers to follow. UWB enables seamless and secure device-to-device communication, facilitating functions like device localization, secure file transfer, and enhanced augmented reality (AR) experiences.
Moreover, the automotive sector is another area where UWB is making significant inroads. UWB is used in keyless entry systems, enabling precise detection of the proximity of the car key, which enhances security.
As Italy’s automobile production increases, there is a growing demand for advanced technologies like UWB for automotive applications. UWB can be used for precise positioning, keyless entry systems, and in-car communication, enhancing vehicle safety and convenience. According to the International Trade Administration (ITA), the automotive sector is one of Italy’s main industries. In 2022, the automotive sector’s turnover was €92.7 billion, 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles were produced in Italy. 1,335,487 new cars were registered in 2022.
Free Valuable Insights: The Global Ultra Wideband Market will Hit USD 4.9 Billion by 2031, at a CAGR of 18.2%
Based on Positioning System, the market is segmented into Indoor, and Outdoor. Based on Application, the market is segmented into Real-time Location System (RTLS), Imaging, and Communication. Based on End Use, the market is segmented into Consumer Electronics, Automotive & Transportation, Manufacturing, Residential, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Positioning System
By Application
By End Use
By Country
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