The report suggests that the market is expected to grow at a CAGR of 17.09% between 2022-2031
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Ultra-Wideband (UWB) Technology-Based Vehicle Access Control Market – A Global and Regional Analysis.
According to this study, the global UWB technology-based vehicle access control market was valued at $92.6 million in 2022 and is projected to reach $383.1 million by 2031, growing at a staggering CAGR of 17.09%.
The following factors are responsible for the increase in demand for UWB technology-based vehicle access control:
- Increasing adoption of real-time location system (RTLS) applications in vehicle
- Growing adoption of the Internet of Things (IoT) in automotive applications
The detailed study is a compilation of 131 market data tables and 55 figures spread through 191 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Dhrubajyoti Narayan, Principal Analyst, BIS Research, “UWB technology is becoming increasingly popular for vehicle access control systems, and industry experts predict that this trend will continue to grow in the coming years. One of the main drivers of this market is the increasing demand for advanced and secure vehicle access control systems. UWB technology provides high levels of security, with sub-centimeter precision distance measurements that prevent unauthorized access. UWB technology is also less susceptible to interference and signals to jam, making it ideal for harsh radio frequency environments. Another market driver is the increasing demand for connected vehicles and smart mobility solutions. UWB technology can be integrated with Bluetooth and Wi-Fi to provide seamless and convenient access control for connected vehicles. As the demand for connected vehicles continues to grow, the UWB technology-based vehicle access control market is expected to grow.”
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Major Existing Industry Leaders in the Global Ultra-Wideband Technology-Based Vehicle Access Control Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
- Alereon Inc.
- Apple Inc.
- Microchip Technology Inc.
- NXP Semiconductors
- Pulse~LINK, Inc.
- Qorvo, Inc.
- STMicroelectronics N.V.
- BMW Group
- CEVA, Inc.
- Continental AG
- Hyundai Motor Group
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sirin Software
Recent Developments in the Global Ultra-Wideband Technology-Based Vehicle Access Control Market
- In June 2022, CEVA, Inc. announced that the RW-UWB-CCC MAC software package had been added to its RivieraWaves ultra-wideband (UWB) IP to support the Car Connectivity Consortium® (CCC) Digital Key 3.0 specification.
- In January 2022, Qorvo, Inc. introduced the first wideband Wi-Fi front-end module (FEM) for customer premises equipment, covering the 5.1 GHz to 7.1 GHz bands (CPE). Qorvo’s new wideband QPF4730 can support full-frequency Wi-Fi 6 and Wi-Fi 6E enterprise solutions.
- In June 2021, NXP Semiconductors announced the availability of beta ultra-wideband (UWB) development tools from its NXP Trimension portfolio that interoperate with the U1 chip in supported Apple products.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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