What awaits the Global Zigbee Market?

What awaits the Global Zigbee Market?

The wireless technology that helps to establish device-to-device communication or machine-to-machine communication is known as Zigbee. As Zigbee utilizes low energy consumption, it has been adopted in different applications, including alarm systems, multi-channel control systems, lighting control, and other industrial applications. Hence, the driving force behind the expansion of the global Zigbee market lies with the aim to reduce energy consumption. ZigBee-enabled devices have a long operating life and is relatively cheaper than WiFi or Bluetooth in terms of availability and operational cost. Growing demand for smart home across the globe is a crucial factor predicted to boost the demand for Zigbee-enabled devices in the coming years.

Forecasting the Global Zigbee Market:

The global Zigbee market is anticipated to grow at 8 per cent CAGR during 2019 to 2026. Zigbee-enabled device is anticipated to experience a lot of traction and exponential growth rate during the period between 2019 and 2026 due to its increasing demand in home automation. The anticipated growth of the ‘smart home market’ across the world is predicted to boost the demand for smart consumer electronic devices and gadgets that can remain connected to a common home network. This is likely to affect the demand for Zigbee-enabled devices. In addition, one Zigbee-enabled device has the ability to connect to number of devices in a smart home which is expected foster its demand.

Moreover, the rapidly growing IoT (Internet of Thing) market globally has encouraged different industries to participate in the Zigbee alliance which provides global wireless standards. This alliance boosts the member companies to manufacture different products having compatibility of Zigbee certified products.

The global Zigbee market is highly dominated by North America. This region has the highest number of industrial automation and more demand for smart homes. Some of the major vendors of the Zigbee market in this region include the Texas Instruments, Microchip Technology and so forth. The North American market is closely followed by the European market. Europe has a large market for in-car smart devices and smart homes. Asia Pacific is expected to grow in the coming years owing to the growing electronic devices market.

Global Market Estimates Research and Consultants published a syndicated report on the global Zigbee market for a forecast period of 2019 to 2026. The report classifies the global Zigbee market on the basis of different aspects. Firstly, on the basis of device type, the global Zigbee market is segmented into Zigbee coordinator, Zigbee end device, and Zigbee router.  The report contains quantitative insights about the following:

Secondly, with respect to frequency band, the global Zigbee market is segmented into 868 - 870 MHz, 902 - 928 MHz, and 2.4 - 2.4835 GHz.

On the basis of end-users, the global Zigbee market is segmented into IT and telecommunication, residential automation, industrial automation, healthcare, retail, other end-user industries.

Lastly, on the basis of region, the global Zigbee market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The countries covered include: U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, and South Africa among others. The report provides qualitative & quantitative insights both at a regional as well as country level.

The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Zigbee. The key end-users of the markets are Silicon labs, and Sky Works, Inc. among others.

In the report, the chapter dedicated to the vendors operating in the market covers raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level.

Some of the key players operating in the Zigbee market are Atmel Corp., Digi International Inc. (the United States),, Freescale Semiconductor Inc., NXP Semiconductors N.V (the Netherlands), Renesas Electronics Corporation (Japan), Silicon Laboratories Inc. (the United States), Nordic Semiconductor ASA, Qualcomm Technologies Inc., Semiconductor Components Industries LLC (ON Semiconductor)  and so forth.

The intended audience for the report include technology investors, smart energy investors, home automation providers, healthcare related product manufacturers and so forth.