Zigbee Market Overview
A market study on Zigbee Market filters was released by MMR. The research combines primary and secondary data, and subject matter experts have examined it from both a local and global standpoint. An important tool for investors, the study offers a thorough analysis of the market’s size and share in every area and category.
Market Development for Zigbees:
Zigbee Market was valued at USD 4.20 Billion in 2023, and it is expected to reach USD 7.80 Billion by 2030, exhibiting a CAGR of 9.26% during the forecast period (2024-2030)
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Zigbee Market Dynamics:
Growth of IoT Technologies
In response to the rapid expansion of Internet of Things networks (IoT), a new form of wireless standard known as ZigBee emerged to address the requirement for low power consumption, low cost, and simple deployment among wireless communication devices. All transmitters in the ZigBee system as it now exists share a spreading code, which may result in multiple message collisions. A promising new method using several spreading codes has previously been presented to improve system throughput, reduce collisions, and increase energy efficiency or range. However, it has only been tested with consistent message lengths and a single hop topology.
Zigbee Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Zigbee market. It offers a thorough examination of the competitive environment in the Zigbee market, taking into account the main players’ business plans. A list of the major rivals of Zigbee is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Zigbee sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Zigbee market.
The size of the worldwide and regional Zigbee markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Zigbee production process. In order to comprehend the Zigbee market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Trending Factors: Global Zig Bee Market
One of the main factors expected to increase demand for ZigBee-enabled devices during the forecast period is the growing trend toward the adoption of smart home devices across the globe.
The rapidly expanding smart home market will drive up demand for smart consumer electronics and appliances that link to standard home networks.
Adopting the ZigBee protocol enables users to remotely operate a variety of home appliances, including lighting, heating and cooling, safety equipment operation, and many more. This improves the energy efficiency of home appliances while also lowering energy consumption and minimizing power waste.
Zigbee Market Segmentation:
by Standard
ZigBee RF4CE
Zigbee PRO
Zigbee IP
Zigbee Remote Control 2.0
Zigbee 3.0
by Device Type
Zigbee Home Automation
Zigbee Light Link
Zigbee Smart Energy
Others
Based on device type, the ZigBee Smart Energy segment dominated the market in 2023, accounting for more than 32% of total revenue. ZigBee Smart Energy capabilities include the ability to randomise start and end times to avoid energy spikes, a variety of control methods (such as emergency signals and duty cycling), and support in tracking real-time energy usage data. The capacity to track energy usage allows utilities and end users to control it, saving money and reducing its negative environmental impact.
Companies in the industry are investing in ZigBee lighting systems and integrating them into special traffic signals. By minimising the amount of time a traffic signal is out of function and providing an automatic notification by email or SMS text
by Applications
Home Automation
Industrial Automation
Telecommunication services
Healthcare
Retail Services
Others
By Application, the Home Automation sector dominated the ZigBee market, accounting for 81.3% of total revenue in 2023. ZigBee Home Automation (ZigBee HA), a global standard, has the potential to make every home smarter. ZigBee HA allows customers to control their energy usage, boost home security, and save money. There are numerous advantages of using ZigBee HA, including its low cost and ease of deployment.
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Zigbee Market Key Players:
1. Texas Instruments Incorporated (US)
2. NXP Semiconductors NV(Netherlands)
3. Microchip Technology Inc.(US)
4. Silicon Laboratories Inc(US)
5. Digi International Inc.(US)
6. Qualcomm Incorporated(US)
7. Silicon Laboratories (US)
8. Semiconductor Components Industries LLC(US)
9. Cypress Semiconductor Corporation(US)
10. Sena Technologies Inc..(US)
11. Nordic Semiconductor ASA(Norway)
12. Renesas Electronics Corporation (Japan)
13. STMicroelectronics (Switzerland)
14. GreenPeak Technologies (the Netherlands)
15. Telegesis Ltd(UK)
16. EnOcean GmbH(Germany)
Zigbee Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Zigbee market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Key Questions answered in the Zigbee Market Report are:
- What is the expected Zigbee market size by 2030?
- What will be the CAGR of the Zigbee market during the forecast period?
- Which segment held the largest share in the Zigbee market?
- How is the competitive scenario of the Zigbee market?
- Which are the key factors driving the Zigbee market growth?
- What are the factors restraining the Zigbee market growth?
- Which region holds the maximum share in the Zigbee market?
- Who are the key players in the Zigbee market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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