Market Synopsis: —
ZigBee automation is a low-cost and low-power ad hoc wireless network used for different applications such as home automation, healthcare data collection, etc. It is a relatively newer technology and is anticipated to gain more popularity in the years to come. Market Research Future (MRFR)’s latest study asserts that the global Zig-Bee automation market is expected to strike a double-digit CAGR of 17% across the review period 2017 to 2023. The market is estimated to value at over USD 14.20 Bn by the end of the assessment period. Increasing applications across different industry verticals is poised to drive market growth in the upcoming years.
Increasing adoption of Internet of Things (IoT), Industrial Internet of Things (IIoT), etc. has led to an exponential rise in the number of connected devices. This number is further expected to increase over the next couple of years. Thus, the report assures a lucrative future trajectory of the Zig-Bee automation market during the forecast period.
Increasing investments by governments in digitization is another major factor projected to expedite the development of the market over the next couple of years. In addition, implementation of laws prompting automation in industries is poised to boost revenue creation in the Zing-Bee automation market in the years to come.
Technological innovations are prognosticated to drive the growth of the market over the next few years. In addition, the presence of technologically advanced infrastructure in the developed economies is likely to support the expansion of the Zig-Bee automation market across the review period.
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Intel Corporation (U.S.), Atmel Corp. (U.S.), Qualcomm Incorporated (U.S.), Texas Instruments (U.S.), STMicroelectronics N.V (Switzerland), NXP Semiconductor N.V (Netherlands), MediaTek Inc. (Taiwan) EnOcean Gmbh (Germany), Cypress Semiconductor Corporation (U.S.), and NEXCOM International Co. Ltd. (Taiwan) are some of the major participants of the zig-bee automation market. These players are anticipated to contribute substantially to the development of the market over the next couple of years. Technological innovation is the prime area of research expected to attract investments by the key players. Investments are expected to increase in the expansion of global footprint. This, in turn, is poised to spur competition in the zig-bee automation market over the next couple of years. Growth strategies opted by major players are mergers & acquisitions, collaborations, agreements, partnerships, etc.
By product, the global Zig-Bee Automation Market has been segmented into ZigBee light link, ZigBee home automation, ZigBee smart energy, and others. The ZigBee home automation segment is anticipated to flourish in North America over the next couple of years. Other country-level markets expected to contribute to the expansion of the segment are Japan, Netherlands, Taiwan, and china
On the basis of application, the zig-bee automation market has been segmented into connected light, smart homes, and utility and retail services. Among these, the smart homes segment is anticipated to exhibit significant growth over the next couple of years.
The regional study of the global zig-bee automation market is conducted on a regional as well as a country-level basis. The key regional segments profiled in this MRFR assessment are North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is likely to exhibit a significant growth rate over the next few years. The region houses a consolidation of key players which is poised to influence the growth of the Zig-Bee automation market positively. Asia Pacific is expected to witness remarkable growth owing to the rising adoption of technology. Countries such as Japan, India, China, Taiwan, etc. are anticipated to contribute to the development of the Zig-Bee automation market in the years to come.
LIST OF TABLES
TABLE 1 ZIGBEE AUTOMATION MARKET, BY PRODUCT
TABLE 2 ZIGBEE AUTOMATION MARKET, BY APPLICATION
TABLE 3ZIGBEE AUTOMATION MARKET, BY REGION
TABLE 4 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY PRODUCT
TABLE 5 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY APPLICATION
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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 ZIGBEE AUTOMATION MARKET, BY PRODUCT (%)
FIGURE 3 ZIGBEE AUTOMATION MARKET, BY APPLICATION (%)
FIGURE 4 ZIGBEE AUTOMATION MARKET, BY REGION (%)
FIGURE 5 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY PRODUCT (%)
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