ZigBee Market Share, Global Opportunities, Historical Analysis, Sales Revenue, Company Profile, Future Prospects, Competitive Landscape and Potential of the Industry from 2018-2022

Market Research Future
Market Research Future published a research report on “ZigBee Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Increasing trend towards smart homes and increasing number of connected devices are the major factor contributing to the growth of Zigbee market. Zigbee operates on low-frequency bands, such as 2.4 GHz, 868 MHz and 914 MHz. These low-frequency energy bands avoids the congestion due to network traffic and provides a secure connection. Apart from it, unlike Bluetooth and Wi-Fi, Zigbee is energy efficient. The awareness about energy conservation is also driving the Zigbee market. Zigbee can transfer data at different data rates as 250 Kbps, 40 Kbps and 20 Kbps as per bands. Moreover, Zigbee does not have a cen tral controller, the loads are distributed evenly across the network. Zigbee is also a cost saving solution therefore, the adoption of Zigbee is quite high compared to other technologies like NFC and Wi-Fi.

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Key Players

The prominent players in the market of Digi International (U.S.), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), Microchip Technology (U.S.), STMicroelectronics (Switzerland), Texas Instruments Inc. (U.S.), GreenPeak Technologies (Netherlands), Silicon Laboratories (U.S.)

Segmentation

  • On the basis of standards, the market is segmented into ZigBee, ZigBee RF4CE, ZigBee PRO, ZigBee IP, ZigBee remote control 2.0 and ZigBee 3.0.
  • On the basis of application, the market is segmented into home automation, industrial automation, telecommunication services, healthcare, retail services and smart energy which is further segmented into smart grid and smart metering and others.
  • On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

Regional Analysis

The geographical analysis of Zigbee Market is spanned across North America, Europe, Asia Pacific and the rest of the world. The market is highly dominated by North America due to increasing demand for Zigbee products for home automation. Moreover, North America has the higher concentration of companies providing Zigbee products. Companies such as Texas Instruments, Microchip technology, Silicon Laboratories are dominating the global Zigbee market.

The Zigbee market in Europe is steadily growing and is expected to achieve a significant market size by the end of forecast period. This region has a high number of connected devices which is boosting the Zigbee market. Europe has a large market for in-car smart devices which are based on Zigbee technology. The increasing adoption of Zigbee based in-car smart devices are contributing to the Europe Zigbee market. Asia Pacific is expected to be the fastest growing region owing to the increasing development in consumer electronics sector. China is the manufacturing hub for the electronics industry and is dominating the Zigbee market. Furthermore, the increasing investments by the government into smart cities is boosting the Zigbee market in Asia Pacific region. Developing countries like India have many investments for smart cities development. The government initiatives in the developing countries for smart homes is fueling the Zigbee market growth. Apart from it, the Middle East region also shows significant growth owing to the adoption of smart homes. Countries such as the United Emirates Arab, Saudi Arabia and Kuwait are major contributors of the Zigbee market. Technological developments and high adoption of smart home appliances is boosting the Zigbee market.

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Intended Audience

  • Technology investors
  • Home automation providers
  • Smart energy investors
  • Healthcare-related product manufacturers
  • Integrated device manufacturers (IDMs)
  • Tier 1, tier 2 suppliers
  • Original manufacturers (OEMs)
  • Research/Consultancy firms

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