Press release
Global ZigBee Home Automation Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028
The global ZigBee home automation market is anticipated to grow at a significant CAGR of 9.1% during the forecast period (2022-2028). ZigBee home automation is a control system that is used in automated homes to automate a variety of home systems such as entertainment systems, lighting systems, and security systems. The ZigBee home automation system can track and control energy usage, home HVAC systems, and even a person's health.One of the key factors driving the growth of the global ZigBee home automation market includes the increasing acceptance of smart home appliances. Entertainment, security and surveillance systems, smart energy/smart grid, AMR (Automatic Meter Reading), lighting controls, building automation systems, HVAC (Heating, Ventilation, and Air Conditioning) control, and other smart home applications employ ZigBee home automation. The ZigBee home automation is majorly used for safety and security purposes.
Furthermore, rising disposable incomes in the Asia-Pacific region is raising people's standards of living, which is projected to fuel demand for smart home appliances. According to the India Brand Equity Foundation (IBEF), per-capita net national income had reached $1.84 billion in 2019-20, up by 6.8% from $1.72 billion in 2018-19, with a 10% growth rate.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
In August 2020, the RYZ012 Module featuring Bluetooth Low Energy (LE), Bluetooth LE Mesh, and ZigBee has been released by Renesas Electronics Corp., a semiconductor manufacturing business based in Japan. To avoid or limit these losses, the RYZ012 Module was created specifically for the internet of things (IoT) applications.
In February 2020, the EFR32MG22 (MG22) family of ultra-low-power ZigBee system-on-chip (SoC) devices has been released by Silicon Laboratories. The gadget was created with smart home sensors and lighting controls for building and industrial automation.
In February 2019, Texas Instruments Inc., a semiconductor manufacturing company based in the US, introduced the SimpleLink CC2652RB wireless microcontroller (MCU) and the LMK05318, two new BAW-based embedded processing and analog chips designed for communications infrastructure and connectivity.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Intel Corp., Qualcomm, Atmel Corp., Digi International, and NXP Semiconductors N.V., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global ZigBee Home Automation Market is available at:
https://orionmarketreports.com/global-zigbee-home-automation-market/106997/
Global Zigbee Home Automation Market Report by Segment
By Product
• Full Function Devices (FFDs)
• Low-Cost Reduced Function Endpoint Devices (RFDs)
By Application
• Smart Homes
• Connected Light
• Utility & Retail Services
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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