Market Research Future published a research report on “ZigBee Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India - June 24, 2019 /MarketersMedia/ —
Market Overview
The global Zigbee market is expected to exhibit a strong 8% CAGR over the forecast period from 2017 to 2023, according to the latest research report released by Market Research Future (MRFR). The global Zigbee market is mainly driven by the growing demand for automation and smart systems in home as well as industrial applications.
Zigbee is a personal area network technology built to be used in small-scale applications that require long-term battery stability more than heavy activity. As a result, the demand for Zigbee technology has grown in home appliances, healthcare devices, and industrial automation applications, which require long-term operation rather than the ability to handle heavy performance in a short time span.
The growing demand for smart homes is likely to be the major driver for the global Zigbee Market over the forecast period. Smart homes need a stable, reliable connectivity technology that can perform simple tasks such as turning the lights on and off with metronomic predictability. Zigbee fits that niche perfectly, rendering it likely to grow in demand from smart home product developers over the forecast period. Using Zigbee technology in smart homes also takes care of the major problem with Zigbee, namely its relatively lower range of operation. Zigbee devices can work up to a range of 10-100 m line of sight, though larger networks can be formed through a “relay” system carrying signals over larger distances.
The growing demand for smart metering and energy grid management is also likely to be a major driver for the global Zigbee market over the forecast period.
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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.
Segmentation:
The global Zigbee market is segmented on the basis of standard, application, and region.
On the basis of standard, the global Zigbee 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 Zigbee market is segmented into home automation, industrial automation, telecommunication services, healthcare, retail services, and smart energy, the last of which is further segmented into smart grids, smart metering, and others.
Regional Analysis:
North America and Europe are likely to dominate the global Zigbee market, with the former dominating the global market due to the widespread demand for smart home technology and the strong presence of leading Zigbee technology and product developers in the region. Growing government support for smart home and smart metering initiatives in North America is likely to be a key driver for the global Zigbee market over the forecast period. The growing demand for in-car automation and electronics is also likely to be a major driver for the Zigbee market in North America and Europe over the forecast period.
Asia Pacific is also likely to play a major role in the global Zigbee market over the forecast period due to the growing demand for consumer electronics in the region and the growing demand for 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
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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
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 528281
