Press release
ZigBee Market Size, Share, Growth Analysis, Emerging Trends and Industry Estimated to Rise Profitably by Forecast 2023
Market synopsis
The technology of data transfer in a wireless network is referred to as Zigbee. As Zigbee has low energy consumption, it is highly adopted in different applications such as alarm systems, multi-channel control systems, lighting control, and other industrial application. Therefore, the increasing inclination towards energy saving is driving the Zigbee Market. Zigbee is more economical than other technologies like Bluetooth and Wi-Fi. The trends towards smart homes are increasing the demand for Zigbee. The smart homes market is growing rapidly in different regions which in turn is driving the demand for smart consumer electronics and connected devices using Zigbee.
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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.
Key Players
The prominent players in the market of Zigbee are, Digi International (U.S.), NXP Semiconductors N.V. (the Netherlands), Renesas Electronics Corporation (Japan), Microchip Technology (U.S.), STMicroelectronics (Switzerland), Texas Instruments Inc. (U.S.), GreenPeak Technologies (the Netherlands), Silicon Laboratories (U.S.).
Other vendors include California Eastern Laboratories, Dresden Elektronik, Nivis, LLC., Radios, Inc., Telegesis Ltd., Sena Technologies, Wisys Technologies, Develco Products among others.
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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