Market Research Future (MRFR) reveals multiple causes that can impact the zigbee market in the years to come. As per MRFR study, the rise in inclination towards smart home across the world is identified as the primary cause for the expansion of the ZigBee market. The increase in the popularity of Zigbee enabled devices is expected to support the expansion of the market in the years to come. The surge of the Zigbee Market can be attributed to the rapid expansion of the smart home market across the globe.
The rise in demand for smart consumer electronic gadgets and devices that offer effective connectivity across common home network can promote the expansion of the market in the years to come. This increased deployment of ZigBee enabled devices due to competitiveness over others, such as WiFi, Z-Wave or Oceania and other wireless network can prompt the expansion of the zigbee market in the years to come. The operating cost-effectiveness and availability of ZigBee enabled device can also support the expansion of the zigbee market in the analysis period. The ability of zigbee to keep connect to multiple devices in a smart home can contribute to the rise of the market in the coming years.
On the contrary, low data transfer speed and the short range network, limitations on number of consumers on Zigbee enabled devices can hamper the expansion of the market. At the same time, the high replacement cost is curbing the demand for ZigBee, which can impede the ZigBee market in the years to come.
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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.
The segment evaluation of zigbee market is done by application and standards. The standards based segments of the zigbee market are ZigBee RF4CE, ZigBee, ZigBee IP, ZigBee PRO, ZigBee 3.0., and ZigBee remote control 2.0 among others. The standards segment can earn high revenue for the market. The application based segments of the zigbee market are industrial automation, home automation, healthcare, retail services, telecommunication services, and smart energy. The smart energy comprises smart metering, and smart grid among others.
Trends of the global Zigbee market study spans across the Middle East & Africa, South America, EU, APAC, and North America. North America Zigbee market is likely to rise at a promising rate in the review period. The geographical evaluation of the Zigbee market reveals that the US is expected to head in the years to come. The booming e-commerce sector in the region can prompt the growth of the market in the years to come. The increase in preference for industrial automation in smart homes solution can support the rise of the zigbee market in North America. The higher concentration of developers of Zigbee platform solutions and products can impel the expansion of the market in the years ahead. The rise in number of start-ups dealing in Zigbee can also add to the expansion of the market in the years to come. The reduction in energy consumption due to Zigbee can also drive the regional market. In Europe, the expansion of the Zigbee market is attributed to increase in demand for in-car smart devices enabled via Zigbee for connectivity solutions.
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- 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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