Global Ultra-Wideband Market Report 2024-2032 | Growth, Trends & Key Players
7 months ago
2
The global Ultra-Wideband (UWB) market, valued at USD 1.55 Billion in 2023, is poised for remarkable growth in the coming years. With applications spanning across various industries, the market is projected to reach USD 1.83 Billion in 2024 and continue its upward trajectory to USD 6.95 Billion by 2032. This expansion is fueled by a robust compound annual growth rate (CAGR) of 18.15% during the forecast period (2024–2032). The growth of UWB technology is largely attributed to its increasing adoption in applications such as real-time location systems (RTLS), imaging, and communications, among others.
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