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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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.
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.
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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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Zigbee Market, By Zigbee Standards
Table 2 Zigbee Market, By Application
Table 3 Zigbee Market, By Regions
Table 4 North America Zigbee Market, By Zigbee Standards
Table 5 North America Zigbee Market, By Application
Table 6 U.S. Zigbee Market, By Zigbee Standards
Table 7 U.S. Zigbee Market, By Application
Table 8 Canada Zigbee Market, By Zigbee Standards
Table 9 Canada Zigbee Market, By Application
Table 10 Europe Zigbee Market, By Zigbee Standards
Table 11 Europe Zigbee Market, By Application
Table 12 Germany Zigbee Market, By Zigbee Standards
Table 13 Germany Zigbee Market, By Application
Table 14 France Zigbee Market, By Zigbee Standards
Table 15 France Zigbee Market, By Application
Table 16 U.K. Zigbee Market, By Zigbee Standards
Know More about this Report @ https://www.marketwatch.com/press-release/zigbee-market-share-growth-factors-sales-revenue-opportunities-development-status-competitive-landscape-future-prospects-and-comprehensive-research-study-2023-2019-07-19
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