Report : Europe 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)Â
Communication Segment to Dominate Europe Ultra-Wideband Chipset Market during 2021–2028
According to a new market research study on “Europe Ultra-Wideband Chipset Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 170.44 million by 2028 from US$ 56.44 million in 2021. The market is estimated to grow at a CAGR of 17.1% from 2021 to 2028. The report provides trends prevailing in the Europe ultra-wideband chipset market along with the drivers and restraints pertaining to the market growth. Surge in adoption of UWB technology in personal and consumer device tracking is the major factor driving the growth of the Europe ultra-wideband chipset market. However, issues associated with the narrow-band system is creating interference in UWB system hinder the growth of Europe ultra-wideband chipset market.
The Europe ultra-wideband chipset market is segmented based on application, end user, and country. Based on application, the Europe market is segmented into RTLS, imaging, and communication. The communication segment dominated the market in 2020 and RTLS segment is expected to be the fastest growing during the forecast period. Based on end user, the Europe market is segmented into manufacturing, retail, automotive, healthcare, and consumer electronics. The consumer electronics segment dominated the market in 2020 and automotive segment is expected to be the fastest growing during the forecast period. Based on country, Europe ultra-wideband chipset market is classified into Germany, France, Italy, UK, and Rest of Europe.
The impact of COVID-19 varied from country to country across the European region, as selected countries witnessed a surge in number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. However, western European countries such as Germany, France, Russia, the United Kingdom and other owing to robust healthcare infrastructure have witnessed a comparatively moderate decline in their production activities. The European economy is expected to shrink by 0.1%, with negative growth rate in first half of the year 2020, followed by mild recovery in the second half of 2020. Countries such as UK, Italy, and Germany are expected to have bigger impact on the economy. The imbalance in revenue generation of the companies and the lockdown phase in several European countries will have the significant negative impact on the ultra-wideband chipset market in the first half of year 2020. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted the Europe. The automotive & transportation, healthcare, and consumer electronic sectors is facing a disruption due to the shutdown of businesses and due to large scale manufacturing interruptions across Europe the market is expected to have marginal drop in forecast period. However, UWB is being highly publicized for its high accuracy in contact tracing amidst the COVID-19 outbreak. Thus, the overall impact of COVID-19 on the European region is low to moderate.
Apple Inc.; BeSpoon SAS; Decawave.; Johanson Technology; Novelda AS; NXP Semiconductors; Taiyo Yuden Co., Ltd.; and Taoglasare among the leading companies in the Europe ultra-wideband chipset market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, in 2021, Apple Inc. launched iphone 13 line with has UWB U1 chipset.
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