Zigbee Market to Grow With Increased Demand for Smart Devices

Market Research Future (MRFR) has published on the “Global Zigbee Market”.


Zigbee Market is estimated to register a CAGR of 9.1% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the Global Zigbee market— Texas Instruments Incorporated, NXP Semiconductors, Microchip Technology Incorporated, Silicon Labs, Sena Network, Digi International Inc, Nordic Semiconductor ASA, Qualcomm Technologies, Semiconductor Components Industries, LLC, Microchip Technology Inc, Renesas Electronics Corporation, Qorvo, Inc., STMicroelectronics, Dresden Elektronik Ingenieurtechnik GmbH, NIVISS.


Market Highlights


The Global Zigbee Market is accounted for to register a CAGR of 9.1 % during the forecast period and is estimated to reach USD 5967.35 million by 2032.


Automation uses control systems to operate equipment such as machinery, networks, and navigation with little or no human involvement. As a result, there is a proliferation of connected devices which require a network through which we can connect a large number of battery-powered devices. Thus, the growing adoption of connected devices within industrial automation and smart homes is creating a favourable opportunity for robust networking solutions such as Zigbee. In the industrial automation sector, the big market players are continually trying to improve the efficiency and productivity of business operations, which has propelled the integration of IoT devices, sensors, and autonomous systems, necessitating a reliable and low-power communication network. ZigBee's advantage lies in its ability to seamlessly connect various devices while conserving energy, making it the ideal choice for industrial automation applications. Simultaneously, the growing smart homes market is witnessing an exponential growth in the number of interconnected devices. Common smart home devices include smart lights, smart thermostats, smart locks, and more. Smart homes are becoming popular due to the convenience and money-saving benefits they offer. ZigBee, with its mesh networking capabilities and interoperability, presents a viable solution for a stable and efficient network to link these devices. As the adoption of connected devices continues to soar in these sectors, ZigBee is poised to grow significantly for the forecast period.


Access full report @ https://www.marketresearchfuture.com/reports/zigbee-market-2617


Segment Analysis


The Global ZigBee Market has been segmented based on Standard, Application and Region.


Based on Standard , the Global Zigbee Market has been segmented into ZigBee ,ZigBee RF4CE ,ZigBee PRO ,ZigBee IP ,ZigBee remote control 2.0  and ZigBee 3.0. ZigBee 3.0 held the largest market share in 2022. ZigBee 3.0 is the latest version of the ZigBee standard, providing an improved and unified platform for wireless communication in various applications. It offers enhanced interoperability, flexibility, and scalability, allowing devices from different manufacturers to seamlessly connect and communicate with each other. The Zigbee segment consists of multiple devices like sensors, switches, actuators, and gateways, which interact with one another through utilizing the Zigbee protocol. Zigbee RF4CE surpasses the capabilities of traditional infrared (IR) remote controls by offering an extended range. Zigbee Pro 2023 focuses on enhancing security features while simplifying the user experience. The enhanced features and compatibility of ZigBee remote control 2.0 contribute to its strong position in the ZigBee market, leading to increased adoption and popularity among consumers and manufacturers alike.


Based on Application, the Global Zigbee Market has segmented into Home Automation, Industrial Automation, Telecommunication Services, Healthcare and Others. Industrial Automation held the largest market share in 2022. . A typical ZigBee home automation network comprises a ZigBee coordinator, usually a smart home hub, that acts as the central administrator. . ZigBee is additionally finding increasing implementation in building automation for HVAC, lighting, and security control functions. The primary ZigBee standard employed in industrial and building automation is ZigBee PRO. Zigbee technology has various applications in the retail industry, enhancing customer experience and operational efficiency ZigBee, a wireless communication technology, has gained prominence in telecommunication services due to its low-power, short-range, and cost-effective nature, making it suitable for IoT applications.


Regional Analysis


By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Zigbee Market accounted for 33.8 % in 2022.


With over 400 million connected IoT devices currently deployed across North America, the potential remains high for further expansion of the ZigBee market. The standard's ability to interface with various frequencies allows it to address regional needs while connecting devices globally. The ZigBee market in North America has seen an uptick in growth in recent times, propelled by increased acceptance of smart home and Internet of Things (IoT) devices across the region. . In North America, ZigBee utilizes 13 channels within the 915 MHz spectrum for wireless communication.


 The European ZigBee market has witnessed significant growth in recent years due to smart homes, energy efficiency policies and smart city development.


The Middle East and Africa (MEA) region has seen growing adoption of smart home devices in recent years. Increased demand for low-power wireless connectivity standards like ZigBee. Countries with robust real estate markets, like the UAE and Gulf nations, have seen more consumers installing smart lights, security systems and other basic smart home devices. The availability of these devices across various sales channels in the region has also helped raise awareness. Telecommunications providers are now bundling smart home packages with internet and TV subscriptions, further fueling the market.


Key Findings of the Study



  • The Global ZigBee Market is expected to reach USD 5967.35 million by 2032, at a CAGR of 9.1 % during the forecast period.

  • The North America region accounted for the fastest-growing global market.

  • Based on Standard , the ZigBee 3.0 segment was attributed to holding the largest market in 2022, with an approximate market share of 22.5%.

  • Texas Instruments Incorporated, NXP Semiconductors, Microchip Technology Incorporated, Silicon Labs, Sena Network, Digi International Inc, Nordic Semiconductor ASA, Qualcomm Technologies, Semiconductor Components Industries, LLC, Microchip Technology Inc, Renesas Electronics Corporation, Qorvo, Inc., STMicroelectronics, Dresden Elektronik Ingenieurtechnik GmbH, NIVISS among others are some of the players in the market.

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