Zig-Bee Automation Market Research Report- Global Forecast 2027

Global Zig-bee Automation Market, By Product (Zigbee Home Automation, Zigbee Light Link, Zigbee Smart Energy and Others), By Application (Smart Homes, Connected Light, Utility and Retail Services) and By region (North America, Europe, APAC and Rest of the World) - Forecast 2027

ID: MRFR/ICT/3015-HCR | February 2021 | Region: Global | 100 pages         

Zig-bee Automation Market

Zig-bee Automation Market value is expected to attain USD 14.20 billion by 2023, along with the CAGR of 17.06 percent between 2017 and 2023

Segmentation

By Product Zigbee Home Automation Zigbee Light Link Zigbee Smart Energy and Others
By Application Smart Homes Connected Light Utility and Retail Services

Key Players

  • NEXCOM International Co. Ltd. (Taiwan)
  • Intel Corporation (U.S.)
  • EnOcean Gmbh (Germany)
  • Qualcomm Incorporated (U.S.)
  • Cypress Semiconductor Corporation (U.S.)
  • Atmel Corp. (U.S.)
  • MediaTek Inc. (Taiwan)
  • Texas Instruments (U.S.)
  • STMicroelectronics N.V (Switzerland)
  • NXP Semiconductor N.V (Netherlands)

Drivers

  • The zig-bee automation market demand is skyrocketing at lightning speed due to the emergence of technologies like the internet of things and connected devices
Speak to Analyst Request a Free Sample

Market Overview:
Zig-bee technology is low power consumption, low-cost, wireless network standard that suits the best for industrial control, different embedded applications, home automation, and many more. The zig-bee automation market advantage in saving energy and makes a place smarter. The ease of installation and low operational cost is shifting people more towards zig-bee automation. In these systems, there is no hassle of running wires and provides the user greater access and control. Moreover, the zig-bee home automation is encrypted, which keeps information safe and secure. Any device trying for the network connection has to go through an authentication process, and it also notifies the users if any unusual event happens. Such features boost the zig-bee automation industry growth.


In recent times, the zig-bee smart energy is utilized at a faster rate for monitoring and actively controlling the power consumption at the end-user level. For consumers as well as utilities, the zig-bee automation market helps in reducing waste and enables managing energy usage. As resolving environmental concerns is a need in today’s day and age, zig-bee automation features allow to reduce the impact on the environment through smart energy. The devices enabled with zig-bee will have a parallel growth with the development of zig-bee automation business in different segments like entertainment, security, smart lights, and smart home automation. 


With the emergence of technology of connected devices and the internet of things or IoT, the zig-bee automation market growth is escalating to a greater extent. This includes mainly smart cities, smart homes, and the industrial internet of things. The zig-bee alliance also contributes to propelling the global zig-bee automation market potential. Recent developments in the zig-bee automation market trends are also leading to the expansion of market size.


The zig-bee automation market report highlights the overall growth aspects and includes insights into the market structure. It includes the effect of the COVID19 pandemic on the market and describes the factors affecting the market growth. An explanation is provided about the zig-bee automation market segments and represents the analysis on several regions. The report also includes the zig-bee automation market players that have a major contribution in progressing the market size. As the demand for the zig-bee automation market is soaring up day by day, the market value is expected to attain USD 14.20 billion by 2023, along with the CAGR of 17.06 percent between 2017 and 2023.


COVID19 Analysis:
The eruption of the COVID19 pandemic caused the complete destruction of the global economy and slowed down the growth rate. Various sectors faced the drastic consequences of the pandemic and have to bear immense financial losses. In the lockdown, industrial functions and manufacturing units were restricted from operating normally. The demand to supply gap widened more and more. The zig-bee automation market also got impacted by the adverse results of the pandemic. However, the increased inclination of people towards automation and wireless systems helped the global zig-bee automation market to maintain stable growth.


The constant efforts of zig-bee automation market players to restore the market by providing excellent solutions also contributed to raising the market value. Moreover, the need of present times for energy-efficient technology is also a factor that propelled the market growth further.


Market Dynamics:
Major Drivers of The Market
The zig-bee automation market demand is skyrocketing at lightning speed due to the emergence of technologies like the internet of things and connected devices. The connected devices market is soaring up at greater heights which uplifts the incorporation of the industrial internet of things, smart cities, and smart homes. In the modern world, concerns for the environment are rising. Therefore, the need for energy-efficient systems has escalated. The zig-bee automation industry enables low consumption of power which is a need for home as well as industries. Such beneficial features are a major driving force of the global zig-bee automation market potential.

As the market players are working on innovations and investing more in research and development, the demand for such advanced solutions is increasing more and more. This, in turn, results in prompting the rise of the zig-bee automation market.


Significant Opportunities for The Market:
Not only the zig-bee automation market has a substantial rise, but also the devices enabled with zig-bee will have a parallel growth in various segments. Such segments include smart lights, entertainment, smart home automation, security, and many more. The zig-bee automation market trends that allow power minimization and reduced energy usages are fulfilling the requirement of the current times.

Several vendors of electrical and electronic appliances progressed to the zig-bee alliance due to the increased market potential. Zig-bee alliance that includes more than 400 members and will continue to expand in the future is also fuelling the zig-bee automation market to optimum levels.

Market Restraints:
The wave of the coronavirus epidemic has critically affected the zig-bee automation market. Due to the lockdown, the normal functioning of the industry was restricted, and several projects were postponed to an uncertain time period. However, the elevated demand for automation and huge dependence on zig-bee automation has boosted the zig-bee automation business sales while restoring its value.

Market Growth Challenges:
Although the zig-bee automation market has numerous opportunities for growth, it bears certain limitations too. One such challenge is the changing present network protocols or standards which leads to the rise in the cost of re-manufacturing. This can hamper the growth of the zig-bee automation industry in the upcoming years.

Cumulative Growth Challenges:
According to the zig-bee automation market analysis, the rising demand for zig-bee automation in homes and industries is boosting the market growth to higher levels. The market value will be impeccably high in the next many years, with a growth rate of 17.06 percent. The efforts of players in generating solutions that can overcome the challenges will also fuel the zig-bee automation market growth in the forecast period.

Segment Overview:
The global zig-bee automation market is bifurcated into various segments based on application, product, and region.

By Application:
The zig-bee automation market segment by automation includes several fields where zig-bee can be utilized. The application segment consists of wearable devices, smart homes, healthcare, connected light, consumer electronics, and other areas.

By Product:
In this segment, the zig-bee automation market is categorized into zig-bee smart energy, zig-bee light link, zig-bee home automation, utilities, retail services, and many more. The product section also comprises routers, gateway, and ethernet switches.

By Region:
The zig-bee automation market segmentation based on region involves different regions like North America, Asia-Pacific, Europe, and other parts of the world. The North American region is further bifurcated into Canada and the US. The Asia-Pacific region is divided into South Korea, Japan, China, and India. Europe is bifurcated into Netherlands, Germany, France, and the UK. 


Regional Analysis:
The zig-bee automation market analysis is executed in different regions such as North America, Asia-Pacific, Europe, and other parts of the world. North America holds the major zig-bee automation market share in the home automation product. As the region adopts innovations early and does a lot of R&D, the market growth escalates in the region. Countries such as India, UK, and the Netherlands contribute to the immense market growth due to the rising trends in digitalization. In the Asia-Pacific region, Japan, China, Taiwan, and South Korea will have tremendous growth in the forecast years.


Competitive Landscape:
The major zig-bee automation market players are:


  • NEXCOM International Co. Ltd. (Taiwan)

  • Intel Corporation (U.S.)

  • EnOcean Gmbh (Germany)

  • Qualcomm Incorporated (U.S.)

  • Cypress Semiconductor Corporation (U.S.)

  • Atmel Corp. (U.S.)

  • MediaTek Inc. (Taiwan)

  • Texas Instruments (U.S.)

  • STMicroelectronics N.V (Switzerland)

  • NXP Semiconductor N.V (Netherlands)


Recent Developments:


  • Zig-bee technology utilizes various information transfer mechanisms like group, direct, and broadcasting addresses. It can enable long-distance information communication across the building automation sector.

  • Voice-assisted systems, as well as home security systems integrated with Zig-bee, are current trends of today’s times.


Report Overview:


  • The zig-bee automation market report mentions the structure of the market along with estimated market value and growth rate in the forecast years.

  • It consists of a COVID19 analysis of the zig-bee automation industry that describes the impact of the pandemic on the market. It describes the market dynamics where the factors are mentioned that affect the market growth, including opportunities and restraints.

  • The report also provides an idea about zig-bee automation market segments and includes the regional analysis of the market.

  • It also comprises the competitive landscape of the market and mentions recent developments in the field.



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The global zig-bee automation market is poised to record a market value of USD 14 Billion by 2023.

The global zig-bee automation market is maturing at a whopping 17% CAGR over the review period of 2020 to 2027.

A few significant players of the global zig-bee automation market are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Atmel Corp. (U.S.), Texas Instruments (U.S.), NXP Semiconductor N.V (Netherlands), and others.

The zigbee home automation segment is expected to drive market growth over the review period.

The smart homes segment is likely to witness the highest demand in the zig-bee automation market.