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ZigBee Industry: 2020 Revenue, Growth Rate, Services and Solutions- Forecast to 2023

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Market Highlights

Increasing trend towards smart homes and increasing number of connected devices are the major factor contributing to the growth of ZigBee Industry. Zigbee operates on low-frequency bands, such as 2.4 GHz, 868 MHz and 914 MHz. These low-frequency energy bands avoids the congestion due to network traffic and provides a secure connection. Apart from it, unlike Bluetooth and Wi-Fi, Zigbee is energy efficient. The awareness about energy conservation is also driving the ZigBee Industry. Zigbee can transfer data at different data rates as 250 Kbps, 40 Kbps and 20 Kbps as per bands. Moreover, Zigbee does not have a cen tral controller, the loads are distributed evenly across the network. Zigbee is also a cost saving solution therefore, the adoption of Zigbee is quite high compared to other technologies like NFC and Wi-Fi.

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Segmental Analysis:

The global ZigBee Industry is segmented on the basis of standard and application.

On the basis of standard, the global Zigbee market is segmented into Zigbee, Zigbee PRO, Zigbee RF4CE, Zigbee IP, Zigbee remote control 2.0, and Zigbee 3.0.
On the basis of application, the global Zigbee market is segmented into industrial automation, home automation, healthcare, telecommunications, retail services, and smart energy applications such as smart grids and smart metering.
Key Players

The prominent players in the ZigBee Industry are, Digi International (U.S.), NXP Semiconductors N.V. (the Netherlands), Renesas Electronics Corporation (Japan), Microchip Technology (U.S.), STMicroelectronics (Switzerland), Texas Instruments Inc. (U.S.), GreenPeak Technologies (the Netherlands), Silicon Laboratories (U.S.).

Other vendors include California Eastern Laboratories, Dresden Elektronik, Nivis, LLC., Radios, Inc., Telegesis Ltd., Sena Technologies, Wisys Technologies, Develco Products among others.

Regional Analysis

The global Zigbee market is divided into North America, Europe, Asia Pacific (APAC), and Rest of the World.

North America is likely to remain the dominant market for Zigbee technology over the forecast period due to the growing demand for smart homes, smart grids, and smart metering from developed countries such as the U.S. and Canada. North America also witnesses a high degree of industrial automation, which is likely to be a major driver for the Zigbee market in the region over the forecast period. Industrial as well as residential applications of Zigbee technology are likely to rise steadily in North America over the forecast period, lending a steady impetus to the Zigbee market.

Europe is also likely to be a leading contributor to the global Zigbee market over the forecast period, due to the strong adoption of smart homes and smart grids. European countries have been at the forefront of the adoption of smart grid and smart metering technology and are likely to play pioneering roles in the development of the same over the coming years, driving the Zigbee market in the region. Automotive connectivity is also a highly viable channel for the Zigbee market in Europe, as Europe is the major global hub for automotive technological innovation and is likely to witness a progressive development of in-car connectivity options over the forecast period, driving the demand for wireless connectivity technologies such as Zigbee.

Asia Pacific is likely to exhibit the highest growth rate over the forecast period due to the increasing technological awareness of consumers in the region as well as the growing volume of the residential real estate market, which is likely to provide Zigbee vendors with a steadily growing sales channel due to the growing demand for smart homes.

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TABLE OF CONTENTS

LIST OF FIGURES

Figure 1 Research Network Solution

Figure 2 Zigbee Market: By Zigbee Standards (%)

Figure 3 Zigbee Market: By Application (%)

Figure 4 Zigbee Market: By Region

Figure 5 North America Zigbee Market, By Zigbee Standards (%)

Figure 6 North America Zigbee Market, By Application (%)

Figure 7 Europe Zigbee Market, By Zigbee Standards (%)

Figure 8 Europe Zigbee Market, By Application (%)

Figure 9 Asia-Pacific Zigbee Market, By Zigbee Standards (%)

Figure 10 Asia-Pacific Zigbee Market, By Application (%)

Figure 11 Row Zigbee Market, By Zigbee Standards (%)

Figure 12 Row Zigbee Market, By Application (%)

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