Zigbee Market Past Research, Deep Analysis and Present Data 2030

Posted 2024-06-28 13:19:23

Zigbee Market Growth or Demand Increase or Decrease for what contains:

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 CAGR Estimation:

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 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.

Zigbee Market Overview:

Zigbee is a wireless technology developed as an open global market connectivity standard to meet the specific needs of low-cost, low-power wireless IoT data networks. The IEEE 802.15.4 physical board radio specification for the Zigbee communication standard uses the unlicensed radio frequencies of 2.4 GHz, 900 MHz, and 868 MHz. In general, ZigBee is used to send moderate amounts of data across short distances. The adoption of smart gadgets has boosted the electronics sector, which is one of several factors driving the ZigBee market. Furthermore, there is an increasing demand for low-power wireless networks with widespread ZigBee deployment.

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Zigbee Market: Which Regions are Experiencing Growth or Increased Demand?

North America dominated the market and had the highest revenue share in 2023. North America has the fastest rate of industry switching as well as the strongest demand for smart homes. Furthermore, the area is home to a substantial number of enterprises that focus on providing ZigBee products and solutions to customers. Consumers are keen to add smart home devices to their homes, with about 30 million families in the United States likely to do so. These devices use Zigbee standards as a communication method. As voice-activated smart speakers gain popularity, the use of Zigbee connectivity technology is likely to expand over the projection period. Smart devices, such as the Amazon Echo

Zigbee Market Scope and Methodology:

The report aims to provide a comprehensive analysis of the global Zigbee market, covering past and current industry status, forecasted market size, trends, and key players. Analysis includes PORTER, PESTEL, and micro-economic factors impacting the market. The report helps stakeholders understand market dynamics, structure, and competitive landscape.

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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)

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Key questions answered in the Zigbee Market are:

• What is Zigbee?
• What is the growth rate of the Zigbee Market?
• Which are the factors expected to drive the Zigbee market growth?
• What are the different segments of the Zigbee Market?
• What growth strategies are the players considering to increase their presence in Zigbee?
• What are the upcoming industry applications and trends for the Zigbee Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Zigbee Market?
• What major challenges could the Zigbee Market face in the future?
• What segments are covered in the Zigbee Market?
• Who are the leading companies and what are their portfolios in Zigbee Market?
• What segments are covered in the Zigbee Market?
• Who are the key players in the Zigbee market?

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