-- Market Overview
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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Segmentation
• On the basis of standards, the market is segmented into ZigBee, ZigBee RF4CE, ZigBee PRO, ZigBee IP, ZigBee remote control 2.0 and ZigBee 3.0.
• On the basis of application, the market is segmented into home automation, industrial automation, telecommunication services, healthcare, retail services and smart energy which is further segmented into smart grid and smart metering and others.
• On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Key Players
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.
Regional analysis
The global Zigbee market is estimated to grow at a promising rate during the forecast period. The geographical analysis of Zigbee market is spanned across North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America). Among all the regions, the market is highly dominated by North America as this region has maximum industrial automation and higher adoption of smart homes. Moreover, North America has a higher concentration of companies providing Zigbee products and platform solutions. These vendors include large enterprises like Texas Instruments, Microchip technology, and many start-ups. Higher adoption of Zigbee in smart homes to reduce the energy consumption is driving the Zigbee market in North America.
Europe, on the other hand, is closely following North America in Zigbee market. Europe is a large market for in-car smart devices which use Zigbee for connectivity purposes. Europe also has high adoption of smart homes contributing to the growth of the Zigbee market. Asia Pacific is expected to be the fastest growing region owing to the increasing consumer electronics industry and the increasing trend towards adoption of smart devices.
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Intended Audience
• 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
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 472192
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