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)

Zigbee Market  Overview

Zigbee is a globally recognized wireless technology designed as an open standard for connecting low-cost, low-power IoT data networks. The IEEE 802.15.4 physical board radio specification for the Zigbee communication standard utilizes the unlicensed radio bands at 2.4 GHz, 900 MHz, and 868 MHz.

Typically, ZigBee is utilized for sending a moderate volume of data across a limited range. The rise in smart device usage is driving growth in the electronics industry, one of the main factors fuelling the ZigBee market.

The market is mainly controlled by North America, where both the highest industry switching rate and the largest demand for smart homes are present. Also, there are many businesses in the area that specialize in providing ZigBee products and services to customers.

Consumers are excited to include linked cameras, video doorbells, connected light bulbs, smart locks, and smart speakers in their homes, with nearly 30 million U.S. households projected to incorporate smart home devices.

These items utilize Zigbee standards for their communication means. The adoption of Zigbee connectivity technology is projected to rise in the upcoming period due to the growing popularity of voice-activated smart speakers.

It is expected that a large number of American households will have smart devices like Amazon Echo, Google Home, and Sonos One. The Asia-Pacific region is also projected to experience rapid growth, following Europe.

The area is experiencing a dominant new trend with the prevalent use of smart services and consumer electronics industries. Throughout the predicted timeframe, South America is expected to make up a significant share of the worldwide ZigBee market.

This increase may be attributed to the increasing demand for energy-efficient lighting solutions in commercial and residential industries.

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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

By Application

• Home Automation
• Industrial Automation
• Telecommunication services
• Healthcare
• Retail Services
• Others

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Zigbee Market  leaders

• Texas Instruments Incorporated (US)
• NXP Semiconductors NV(Netherlands)
• Microchip Technology Inc.(US)
• Silicon Laboratories Inc(US)
• Digi International Inc.(US)
• Qualcomm Incorporated(US)
• Silicon Laboratories (US)
• Semiconductor Components Industries LLC(US)
• Cypress Semiconductor Corporation(US)
• Sena Technologies Inc..(US)
• Nordic Semiconductor ASA(Norway)
• Renesas Electronics Corporation (Japan)
• STMicroelectronics (Switzerland)
• GreenPeak Technologies (the Netherlands)
• Telegesis Ltd(UK)
• EnOcean GmbH(Germany)

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Key questions answered in the   Market are:

•         What was the Market size in 2023?
•         What is the projected demand for the Zigbee Market?
•         Which are the factors expected to drive the Market growth?
•         What is the future projection for the Zigbee Market? 

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Key Offerings:

•         Past Zigbee Market Size and Competitive Landscape (2018 to 2022)
•         Past Pricing and price curve by region (2018 to 2022)
•          Zigbee Market  Size, Share, Size & Forecast by Different Segment | 2024-2030
•         Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
•         Market Segmentation – A detailed analysis by segment with their sub-segments and Region
•         Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
•         PESTLE Analysis
•         PORTER’s analysis
•         Value chain and supply chain analysis
•         Legal Aspects of Business by Region
•         Lucrative business opportunities with SWOT analysis
•         Recommendations

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