ZigBee Market 2019 Global Leaders: STMicroelectronics, Microchip Technology, Digi International, Renesas Electronics, Texas Instruments, GreenPeak Technologies

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 Overview

Market Research Future (MRFR) has announced a new release on the global Zigbee market. The report looks into various aspects of the global Zigbee market’s growth in recent years and segmentation, and presents a comprehensive look at the market’s growth prospects over the 2017-2023 forecast period. According to the report, the global Zigbee market is expected to exhibit a strong 8% CAGR over the forecast period.

Zigbee is a low-cost, low-power wireless network technology on the lines of Wi-Fi and Bluetooth, but comparatively cheaper than either. The global Zigbee Market has been driven primarily by the growth in the demand for smart homes over the last few years. Smart homes have become all the rage in the developed countries in North America and Europe and are likely to remain popular in the coming years due to the convenience they present to the user and the benefits they present in terms of environmental protection and resource conservation. Smart homes are homes that have underlying connectivity in some form, which allows the users to remotely control various aspects of the house. Zigbee has become a popular technology in this development, as it presents a cheaper and more efficient alternative to Wi-Fi and Bluetooth. Thus, steady development of the smart home industry is likely to be a major driver for the global Zigbee market over the forecast period.

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Key Players

The prominent players in the ZigBee Market are Atmel Corporation (U.S.), 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) among others.

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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This release was published on openPR.