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Ultra-Wideband (UWB) Market: Market Dynamics and Restraints
Majorly, due to the growth in healthcare and retail sector is directly driving the market of Ultra-wideband (UWB) market globally. The key factor that lifts the market growth of Ultra-wideband (UWB) worldwide is its capacity to track assets with accuracy. It is one the fastest-growing technology which withholds enormous market growth prospect. Indoor location tracking is encountered as a dominating application among other applications.
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Ultra-Wideband (UWB) technology offers its benefits to the varied range of domain ranging from healthcare to defense. Another prime form is ultra wideband (UWB) technology based real-time location system (RTLS) or wireless sensor network solution. It is emerged as an excellent replacement of wireless fidelity (Wi-Fi) or radio frequency identification (RFID), as it has better potential to locate or track the precise location of any objects, which is difficult to track using above mentioned technologies due to difficulty concrete wall.
Although demand and necessity of ultra-wideband (UWB) in the healthcare, retail, and household activities can be seen significantly, factors such as low range, restricted throughput and high pricing of ultra-wideband (UWB) technology are performing as the main hindrance for the Ultra-Wideband (UWB) market growth to a certain extent.