UWB Indoor Location Tracking Market - Developing At A CAGR Of 5.7% Amid The Forecast Time Frame 2017-2025

The UWB Indoor Location Tracking Market, which was esteemed at US$ 62.02 million in 2016, is relied upon to achieve an estimation of US$ 101.98 million by 2025, developing at a CAGR of 5.7% amid the forecast time frame 2017-2025. Growing usage of smartphones with advanced mobile applications, mobile commerce, and trend of digitalization along with technological advancements is leading to the rising growth of the UWB Indoor Location Tracking Market.

Shopping End-User segment is expected to lead the market during the forecast period

The shopping segment is expected to witness significant growth between 2017 and 2025. UWB technology, in the retail sector, has numerous uses ranging from getting the product in front of the right customers at the right time to e-commerce. Also, proximity-based advertising uses a geolocation to trigger content when a customer goes within the set proximity radius.

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On the other hand, VLC (Visible Light Communication) can be used as a positioning technology, mainly for inside areas. Special LED and fluorescent lamps send out imperceptibly flickering light which can be detected by a smartphone camera or a separate photodetector, which is for example attached to a shopping basket. This enables, for example, indoor navigation (via the app) and tracking (analysis of motion profiles via the app).

Healthcare/ Hospitality segment to capture the largest market share in the coming years

In the healthcare industry, applications of indoor location tracking system have been significant in numerous regions. One is basically the ability to track patients, either for their security or to track their care. The second is resource tracking, monitoring the areas of movable equipment with the goal that it can be discovered immediately when it's required. The third is tracking staff with the goal that the nearest suitable staff member can be summoned for any need that emerges. Fourth is enabling patients and visitors to discover where they have to go without interfering hospital staff.

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North America is projected to grow at the highest rate in the coming years

North America held the largest share of the UWB Indoor Location Tracking Market in 2015 owing to the extensive presence of major players in this region. Moreover, the presence and early adoption of UWB indoor positioning technology in various industries such as shopping, healthcare, entertainment, and transportation in North America have contributed to the market dominance of this region. Asia-Pacific (APAC) is expected to grow at the highest rate in the UWB indoor location tracking market because of high industrial growth in the shopping and transportation sector in the region.

The report provides both, qualitative and quantitative research of the Global UWB Indoor Location Tracking Market, as well as encompasses worthy insights into the rational scenario and favored improvement methods adopted by key contenders. The report provides both, qualitative and quantitative research of the Global UWB Indoor Location Tracking Market, as well as encompasses worthy insights into the rational scenario and favored improvement methods adopted by key contenders. Some of the primary players of Global UWB Indoor Location Tracking Market are 5D Robotics Inc., Alereon, Inc., Bespoon Sas., Decawave Ltd., Fractus Antennas S.L, Johansson Technology, Inc., Nanotron Technologies Gmbh, Pulse-Link, Inc., Samsung Electronics Co., Ltd., Taiyo Yuden Co., Ltd., and Zebra Technologies Corporation among others.