Zigbee Market: Global Market Size, Dynamics, Regional Insights, and Market Segment Analysis

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 is a wireless technology established as an open worldwide market connectivity standard to address the unique desires of low-cost, low-power wireless IoT data networks. The 2.4 GHz, 900 MHz, and 868 MHz unlicensed radio bands are used by the IEEE 802.15.4 physical board radio specification for the Zigbee communication standard. In general, ZigBee is used to transmit a moderate amount of data over a short distance. The adoption of smart devices has increased the electronics sector, which is one of the many drivers driving the ZigBee market. Moreover, there is a rising desire for wireless networks with a wide-scale ZigBee deployment that are low and require little power. Additionally, ZigBee's ability to operate for many years on cheap batteries for a variety of control and monitoring applications across smart energy and building automation systems is boosting the market's growth.

A large share of businesses nowadays are going remote, and the exchange of information while using this remote organization invention can be considered ZigBee. One of the most unique elements of the ZigBee market is that it uses lower levels of energy and is more major as used in the care, just like the multi-control structures.

Moreover, lighting control, besides the other modern applications, can well use ZigBee Technology. This improvement covers the scope of 50-100 meters and is one of the most supportive frameworks for correspondence. This is reasonably better in contrast with WiFi or Bluetooth, to the size of the remote sensors establishments of the short ranges are concerned.To know about the Research Methodology :- Request Free Sample Report
Research Methodology
The ZigBee market size is examined in the research report using a variety of approaches, and an analysis is conducted to provide precise and comprehensive global market data. It is divided up into multiple segments to cover various ZigBee Market facets for easier comprehension. To gather the data for the report, the researchers used primary and secondary methodology. The goal of this research is to direct readers toward a cautious, improved, and clearer understanding of the market. The global markets are given a ZigBee market growth study, which includes development trends, competitive landscape analysis, investment plans, company strategies, opportunities, and the state of important regions' development.

During the forecast period, it is expected that the unpredictability of demand and supply would have a positive impact on the market as a whole. According to the size of the impact on the global market, it is expected that the declining impacts already seen in the market would continue for the foreseeable future. There will likely be a significant expansion in the market as a result of the need for careful study of market cues and demand estimates. Restitution and regular operations are expected to take some time, which will pave the path for focused development of the delivery backlogs produced.
Zigbee Market Dynamics:
Growth in IoT Technologies

A new type of wireless standard called ZigBee has developed in response to the rapid development of Internet of Things networks (IoT) to meet the demand for low power consumption, low cost, and simple deployment among wireless communication devices. All transmitters in the ZigBee system as it is currently constructed share a spreading code, which might lead to numerous message collisions. To boost system throughput, decrease collisions, and extend energy efficiency or range, a promising new system employing multiple spreading codes has previously been proposed. However, it has only been tested with constant message lengths and a single hop topology.
Companies are creating devices that are compatible with ZigBee technology as a result of the rapidly expanding IoT market. Alternative and rival technologies like Z-waven, Insteon, and others may endanger the market for ZigBee globally.

Opportunities for ZigBee Solution Vendors Are Driven by The Steadily growth of Zigbee Market

The Zigbee market and Zigbee Alliance have been increasing steadily over the past few years as more and more products receive certification. This trend also continues in 2023, expanding the opportunity for IoT solution providers to integrate Zigbee devices into their solutions. The members of the Zigbee Alliance are adapting and continuing to grow their businesses despite unstable economic conditions.

Emerging Demand in Automated Lighting

Lighting with ZigBee capabilities is proven to be a good option for converting a static building into an automated, dynamic space. It is a commercially viable choice because it is anticipated to be less expensive than a wired system and assures efficiency. They make an excellent lighting choice for significant home projects. The market is expanding because of the quick pace of development and infrastructure change in the world.

High Level of Flexibility and Compatibility among Buyers

With more than 3500 Zigbee-certified devices in use today, solution providers have a wide range of alternatives for assembling and customizing their IoT solutions. Regardless of where they are made, Zigbee-based devices can communicate with one another. This makes it possible for solution providers to combine several Zigbee devices from various suppliers into one solution, completely meeting their demands and continuing to enhance existing solutions.
Wireless Zigbee Security:
Improved network security is offered by Zigbee 3.0. Two security strategies result in two network architecture types:

Centralized security: In this approach, a coordinator/trust center oversees the distribution of the network and links security keys to joining nodes in addition to establishing the network.

Distributed security: A router creates this technique, which lacks a coordinator or trust center. Subsequently, joining nodes can receive the network key from any Zigbee router node.

Zigbee Market Restraints:

However, the ZigBee market is being hampered by a limited range network and slow data transfer rates. Only within a range of 10 meters does ZigBee perform well. Another factor hindering the market's growth is the high replacement cost of ZigBee-enabled appliances.

Trending Factors: Global Zig Bee Market

One of the main factors expected to increase demand for ZigBee-enabled devices during the forecast period is the growing trend toward the adoption of smart home devices across the globe.

The rapidly expanding smart home market will drive up demand for smart consumer electronics and appliances that link to standard home networks.

Adopting the ZigBee protocol enables users to remotely operate a variety of home appliances, including lighting, heating and cooling, safety equipment operation, and many more. This improves the energy efficiency of home appliances while also lowering energy consumption and minimizing power waste.
Zigbee Market Segment Analysis
Based on Device Type, the ZigBee Smart Energy segment dominated the market and held the largest revenue share of more than 32% in 2023. The features of ZigBee Smart Energy include its ability to randomize start and end timings to prevent energy spikes, numerous control mechanisms (such as emergency signals and duty cycling), and assistance in tracking real-time information about energy consumption. With the ability to track energy usage, utilities and end users can control it, saving money and lessening its negative effects on the environment.

Companies in the market are investing in ZigBee lighting systems and incorporating them in special traffic lights. By reducing the amount of time a traffic light is out of commission and sending an automatic notification email or SMS text message to the city's traffic department right away, these lights can automatically identify bulb failure, providing a significant safety benefit.

By Applications, the Home Automation segment dominated the ZigBee market and accounted for the largest revenue share of 81.3% in 2023. Every home may become smarter thanks to the global standard known as ZigBee Home Automation (ZigBee HA). Customers may control their energy use, increase home security, and save money with ZigBee HA. Utilizing ZigBee HA has many benefits, including being inexpensive and simple to deploy.

Nowadays, the Smart Home is becoming a reality after being a long-term promise for more than 30 years. The preferred wireless communication technology has emerged as ZigBee. In reality, ZigBee is a low-power wireless technology that works in conjunction with Wi-Fi to enhance the smarts, security, comfort, and energy efficiency of our homes. Let me explain why ZigBee will be a key component of smart homes, according to Green Peak Technologies.In 2020, 55% of Americans purchased a new smart TV, making it one of the most widely used smart products on the market. Smart thermostats come in third with 30%, followed by connected, intelligent security systems in second place at 31%.
ZigBee Market Regional Insights
North America dominated the market and accounted for the largest revenue share in 2023. Both the highest rate of industry switching and the largest demand for smart homes are found in North America. Additionally, the area is home to a sizable number of businesses that focus on offering ZigBee goods and solutions to clients. Consumers are eager to add linked cameras, video doorbells, connected light bulbs, smart locks, and smart speakers to their homes, and almost 30 million U.S. households are expected to add smart home equipment. These items employ Zigbee standards as their communication medium. The use of Zigbee connectivity technology is expected to increase throughout the forecast period as voice-activated smart speakers become more and more popular. Smart devices like the Amazon Echo, Google Home, and Sonos One are among those predicted to be installed in the majority of American households.

The use of in-car electronics that rely on ZigBee services for communication is becoming more widespread in the European market. Additionally, the public has a strong demand for smart houses. By the conclusion of the future prediction year of 2030, the APAC area is also anticipated to develop at the fastest rate after Europe. The region is facing a new trend that is dominating in terms of the use of smart services and consumer electronics industries.
During the forecast period, South America is anticipated to account for a sizable portion of the global ZigBee market. This growth can be due to the rising need for lighting solutions that are energy-efficient in both commercial and residential sectors.
ZigBee Market Countrywide Insights
The large populations of nations like China and India are beneficial to the home-building sector. The need for home automation systems is anticipated to rise as smart city initiatives are implemented in China and India. Strong IT connectivity and digitization, good governance, particularly e-Governance and citizen involvement, sustainable environment, safety and security of inhabitants, and other factors are some of the key infrastructure components of the smart city. The demand for smart lighting, safety and security, smart HVAC controls, smart locks, and energy monitoring is therefore anticipated to increase as a result of housing infrastructure expansion and smart city initiatives in China and India.

Another factor that supports the adoption of smart homes is government support for energy-saving programs like the installation of smart meters. For instance, the Government of India intends to launch 14 smart grid pilot projects in the future, according to India Smart Utility Week. In terms of government smart grid subsidies, China surpassed the United States for the first time in 2010, investing more than US$ 7.3 million as opposed to US$ 7.1 million in the United States, according to the Energy Information Administration (EIA).
ZigBee Market Competitive Landscape:
A new portfolio of highly integrated, secure Wireless Gecko modules that Silicon Labs introduced in September 2019 makes it simpler to add reliable mesh networking connectivity to a variety of Internet of Things (IoT) products while also lowering the cost and complexity of development. The new MGM210x and BGM210x Series 2 modules offer a one-stop wireless solution to improve mesh network performance for line-powered IoT systems ranging from smart LED lighting to home and industrial automation. They support industry-leading mesh protocols (Zigbee, Thread, and Bluetooth mesh), Bluetooth Low Energy, and multiprotocol connectivity.

The Zigbee research report includes product categorization, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The study discusses the global market's drivers, opportunities, and limitations. It discusses the influence of various drivers, trends, and constraints on market demand during the forecast period. The research also outlines market potential on a global scale.

The research includes the production time, base distribution, technical characteristics, research and development trends, technology sources, and raw material sources of significant Zigbee firms in terms of production bases and technologies. The more precise research also contains the key application areas of market and consumption, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an analysis of the industry chain relationship. This report's study also contains product specifications, manufacturing processes, cost structure, and data information organised by area, technology, and application.
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ZigBee Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 4.20 Bn.


Forecast Period 2024 to 2030 CAGR:
9.26%
Market Size in 2030:
US $ 7.80 Bn.


 Segments Covered:
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 Applications
Home Automation
Industrial Automation
Telecommunication services
Healthcare
Retail Services
Others



Zigbee Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Norway, Switzerland,  Netherlands, Austria and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Zigbee Market, Key Players are:
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)

Frequently Asked Questions:

1] What segments are covered in the Global Zigbee Market report?
Ans. The segments covered in the Zigbee Market report are based on Standards, Device Type, and Application.

2] Which region is expected to hold the highest share in the Global Zigbee Market?
Ans. The North America region is expected to hold the highest share in the Zigbee Market.

3] What is the market size of the Global Zigbee Market by 2030?
Ans. The market size of the Zigbee Market by 2030 is expected to reach USD 7.80 Bn.

4] What is the forecast period for the Global Zigbee Market?
Ans. The forecast period for the Zigbee Market is 2024-2030.

5] What was the market size of the Global Zigbee Market in 2023?
Ans. The market size of the Zigbee Market in 2023 was valued at USD 4.20 Bn.