The North America Ultra Wideband Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Ultra Wideband Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,163.6 million by 2031. The Canada market is experiencing a CAGR of 20% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 19% during (2024 - 2031).
the adoption of UWB technology has been driven by several factors, including the increasing demand for precise location-based services, the growth of IoT devices, and the need for more secure and reliable communication protocols in various applications.
Additionally, UWB technology is increasingly adopted in smart building infrastructure for precise indoor positioning and navigation. It optimizes space utilization, enhances energy management, and provides location-based services such as automated lighting and HVAC control, improving overall building efficiency and user experience.
As internet access becomes more widespread in Mexico, there is a growing demand for IoT devices that rely on UWB technology for precise location tracking and secure communication. This trend supports the growth of UWB applications in smart homes, industrial automation, and connected devices across the country. According to the International Trade Administration (ITA), the Mexican telecommunications sector has consistently outpaced the overall economy’s growth, largely driven by mobile telephones, broadband services, and broadcasting. In 2022, Mexico had over 130 million active wireless lines, and over 113 million had Internet access.
Free Valuable Insights: The Ultra Wideband Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Positioning System
By Application
By End Use
By Country
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