ZigBee Market Share, Growth Factors, Sales Revenue, Opportunities, Development Status, Competitive Landscape, Future Prospects and Comprehensive Research Study 2023

ZigBee Market Share, Growth Factors, Sales Revenue, Opportunities, Development Status, Competitive Landscape, Future Prospects and Comprehensive Research Study 2023

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.

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.)

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Segmental Analysis:

The global Zigbee market is segmented on the basis of standard and application.

  • On the basis of standard, the global Zigbee market is segmented into Zigbee, Zigbee PRO, Zigbee RF4CE, Zigbee IP, Zigbee remote control 2.0, and Zigbee 3.0.
  • On the basis of application, the global Zigbee market is segmented into industrial automation, home automation, healthcare, telecommunications, retail services, and smart energy applications such as smart grids and smart metering.

Regional Analysis:

The global Zigbee market is divided into North America, Europe, Asia Pacific (APAC), and Rest of the World.

North America is likely to remain the dominant market for Zigbee technology over the forecast period due to the growing demand for smart homes, smart grids, and smart metering from developed countries such as the U.S. and Canada. North America also witnesses a high degree of industrial automation, which is likely to be a major driver for the Zigbee market in the region over the forecast period. Industrial as well as residential applications of Zigbee technology are likely to rise steadily in North America over the forecast period, lending a steady impetus to the Zigbee market.

Europe is also likely to be a leading contributor to the global Zigbee market over the forecast period, due to the strong adoption of smart homes and smart grids. European countries have been at the forefront of the adoption of smart grid and smart metering technology and are likely to play pioneering roles in the development of the same over the coming years, driving the Zigbee market in the region. Automotive connectivity is also a highly viable channel for the Zigbee market in Europe, as Europe is the major global hub for automotive technological innovation and is likely to witness a progressive development of in-car connectivity options over the forecast period, driving the demand for wireless connectivity technologies such as Zigbee.

Asia Pacific is likely to exhibit the highest growth rate over the forecast period due to the increasing technological awareness of consumers in the region as well as the growing volume of the residential real estate market, which is likely to provide Zigbee vendors with a steadily growing sales channel due to the growing demand for smart homes.

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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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