In this paper, we analyze the performance of double-dwell hybrid initial acquisition in a direct sequence ultra-wideband (DS-UWB) system via detection, miss, false alarm probabilities, and mean acquisition time. In the analysis, we consider the effect of the acquisition sequence as well as the deployment scenario of the abundant multipath components over small coverage of the piconet in the DS-UWB system. Based on the simulation, we obtain various performance measures for the mean acquisition time by varying parameters such as the total number of hypotheses to be searched, subgroup size, and dwell time. We thereupon suggest the optimum parameter set for the initial acquisition in the DS-UWB system.