Skip to main content

Logistics Apps Propelled by Industrial Internet of Things

Wireless technologies are adding new fuel to the emerging Industrial Internet of Things (IoT) market. As an example, ultra-wideband (UWB) indoor location technology that's used for logistics apps is ready for substantial market growth.

According to the latest market study by ABI Research, there's a significant emerging opportunity for the high-accuracy, low-cost ultra-wideband radio technology in industrial and IoT markets -- with total revenues to reach $15 billion by 2021.

“High-precision UWB technologies are nothing new, with companies like Time Domain, Ubisense and Zebra Technologies being long-established vendors in the RTLS/asset tracking market," said Patrick Connolly, principal analyst at ABI Research.

UWB Technology Market Development

ABI analysts believe that while it's true that UWB is able to perform well in challenging RF environments, the cost/accuracy trade-off previously limited this technology to very niche applications. But now startups are inventing new ways to cost effectively implement the technology without compromising on performance.

ABI Research uncovered several companies that it predicts will be very disruptive in this space. Decawave is a market catalyst, now shipping UWB ICs for less than $15 at scale. This opened the market to a host of startups working with the technology for the first time.

Partners Decawave and Quantitec are making significant progress with Bosch. Meanwhile, Nanotron offers a well-thought-out embedded location platform.

UWINLOC is another vendor that created a semi-passive UWB solution that can ultimately compete on price with passive RFID, while also providing similar benefits to an active technology through energy harvesting.

Outlook for Wireless Technology Applications

According to the ABI assessment, UWB will disrupt the existing market, it will also open up new opportunities around compliance, traceability, fleet management, pallet tracking, staff management, fulfillment, and inventory management.

The major competitive threat stems from Bluetooth, which also comes with a range of cost/accuracy trade-offs. But its major advantage is its easy integration with smartphones and industrial wearables.

"It is still very early," concludes Connolly. "But the ability to deliver consistently on the impressive pricing, accuracy, and performance parameters that vendors are touting today will be what really differentiates Bluetooth and UWB technologies from one another."

Popular posts from this blog

Digital Transformation Investment at $3.4 Trillion

Business technology leadership matters. Across the globe, more leaders have been pursuing bold Digital Transformation (DX) initiatives with the goal of creating new sources of business value through digital products, services, and experiences. As an additional benefit, the COVID-19 pandemic revealed that digital transformation efforts improve an organization's resilience against global market disruptions. Global DX investment is forecast to reach $3.4 trillion in 2026 with a five-year compound annual growth rate (CAGR) of 16.3 percent, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development "Despite strong headwinds from global supply chain constraints, soaring inflation, political uncertainty, and an impending recession, investment in digital transformation is expected to remain robust," said Craig Simpson, senior research manager at IDC . The benefits of investing in DX technology -- including aut

Artificial Intelligence for National Border Security

National border protection agencies are under pressure to provide the highest level of security in the face of growing threats, such as increasing illegal migration and international terrorism. Now, government agencies are embracing advanced border security technologies to aid in effectively and reliably securing national borders. These solutions look to detect and identify potential threats and prevent them from escalating to a point that may jeopardize security. Security Surveillance Market Development Traditional border security patrols and Closed-circuit Television (CCTV) surveillance systems aren't adequate protection, and agencies must increasingly deploy new solutions to stay ahead of criminals and other potential threats to ensure the safety of a country’s borders. According to the latest market study by Juniper Research, the value of the border security technology market will exceed $70 billion globally in 2027 -- that's rising from $48 billion in 2022. Growing by 47 p

How to Apply Sustainability to Drive Value Creation

Global climate change policy initiatives have been an emerging topic for CEOs and their leadership teams, as they look to the future. Many organizations are preparing to play their part and help reduce carbon emissions. Eighty-seven percent of business leaders expect to increase their organization’s investment in sustainability over the next two years, according to the latest worldwide market study by Gartner. Customers are the stakeholder group creating pressure for these organizations to invest or act on sustainability issues -- selected by 80 percent of executives, followed by investors (60 percent) and regulators (55 percent). Sustainability Market Development "Sustainability enables businesses to cope with disruption," said Kristin Moyer, VP analyst at Gartner . "Economic uncertainty, geopolitical conflict and escalating materials and energy costs are forcing businesses to reexamine all forms of expenditure." According to Gartner, this focus on essentialism --