Fairfield Market Research ZigBee Market Size, Share | Key Analysis and Forecast 2030

ZigBee Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Information & Communications Technology


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ZigBee Market: Overview

ZigBee's market was valued at USD 3.3 billion in 2021, and it is anticipated to expand at a CAGR of 8.9 percent over the next five years. 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 unlicensed radio bands of 900 MHz,2.4 GHz,  and 868 MHz. ZigBee is typically used to send a moderate amount of data across a close range. One of the major factors driving the ZigBee market is the electronics industry's growth due to the adoption of smart gadgets.

There is a growing need for low-cost, low-power wireless networks with widespread ZigBee implementation. The industry is expanding because ZigBee can run for many years on inexpensive batteries for various control and monitoring applications in smart energy and building automation systems. According to a new Stanford University and Avast study, north American households have the largest number of IoT devices globally. Notably, at least one IoT gadget is present in 66% of local houses. Additionally, 25% of homes in North America have two or more gadgets. The market for ZigBee is anticipated to expand because of the region's advanced artificial intelligence and machine learning technologies, strong cloud infrastructure, and rising connected device numbers.

As a result of the expansion of the housing infrastructure and smart city projects in China and India, it is projected that demand for smart lighting, safety and security, smart HVAC controls, smart locks, and energy monitoring will rise. Government support for energy-saving initiatives like installing smart meters is another aspect that encourages using smart homes. For instance, India Smart Utility Week reports that the Indian government plans to start 14 pilot programs for smart grids in the future. According to the Energy Information Administration, China overtook the United States for the first time in 2010 regarding government smart grid subsidies, investing more than US$ 7.3 million instead of US$ 7.1 million in the United States (EIA).

ZigBee Market: COVID-19 Impact

The expansion of the global coronavirus pandemic has significantly impacted the market, production, and manufacturing levels. Since March 2020, the majority of production units have either shut down due to the lockdown, some have given up in the market due to competition, and others have been forced to cease operations due to a lack of investment and raw materials, which could help to achieve market equilibrium where demand and supply are balanced. Because of the coronavirus, more and more people are turning to the internet to do everything from ordering basic groceries to working from home for multinational corporations. Beyond dependence, the internet is becoming a fundamental requirement for productivity and business operations. The activities of numerous sectors and enterprises are becoming increasingly dependent on digital technologies as health concerns extend over the globe.

ZigBee Market: Drivers

Development of IoT Technologies to Drive Market Growth

To address the demand for low power consumption, low cost, and simple deployment among wireless communication devices, a new kind of wireless standard known as ZigBee has emerged in response to the swift development of Internet of Things networks (IoT). There may be many message collisions in the ZigBee system as it is now set up because all transmitters share a spreading code. A promising new method using several spreading codes has previously been presented to increase system throughput, eliminate collisions, and increase energy efficiency or range. But only fixed message lengths and a single hop topology have been tested with it. Due to the fast-growing IoT market, businesses produce gadgets compatible with ZigBee technology.

Demand for Automated Lighting is Growing Market Growth

A static building can be transformed into an automated, dynamic space using ZigBee lighting. Because it is projected to be less expensive than a wired system and guarantees efficiency, it is an economically feasible option. They are a great option for lighting large-scale home projects. The market is growing due to the world's rapid infrastructure transformation and development.

ZigBee Market: Restraints

People's Lack of Understanding of ZigBee Technology to Hamper Market Growth

ZigBee projects benefit businesses and government infrastructure initiatives in all areas, including transportation, utilities, construction, and citizen services. These smart solutions can give them more control and oversight over their services and equipment. To fully utilize the advantages of ZigBee, industries must direct their resources. It has been noted that just a tiny portion of the workforce in various businesses is aware of how ZigBee works and its advantages. One major obstacle impeding the growth of a smart ecosystem is the general lack of awareness among the populace. Additionally, inhabitants in many locations lack knowledge about smart city initiatives, which weakens the government's motivation to deploy smart city solutions.

ZigBee Market: Segment Overview

Home Automation to Dominate market due to Growing Smart Homes

ZigBee House Automation is a global standard that might make every home smarter (ZigBee HA). With ZigBee HA, customers can manage their energy use, improve home security, and save money. There are many advantages of using ZigBee HA, including cost and ease of deployment. After being a distant promise for more than 30 years, the Smart Home is becoming a reality. ZigBee has become the most used wireless communication technology. ZigBee is a low-power wireless technology that collaborates with Wi-Fi to improve our homes' intelligence, security, comfort, and energy efficiency. I'll explain why ZigBee, according to Green Peak Technologies, will be a crucial element of smart homes. Low-duty cycle sensors, or those acting for less than 1% of the time, are the main target audience for the ZigBee network. Due to its proximity, low data rate, and low power system properties, it is an IEEE 802.15.4-based suite for high-level communication across the smart home ecosystem.

The information transfer methods used by Zigbee include direct, group, and broadcasting addresses. This internet protocol allows for mesh networks, facilitating long-distance information exchange within the building automation industry. Growing investments in startups like Hypervolt, HIXAA, SmartRent, and other SMEs aid in developing new IoT-based projects in sectors where demand for high-performance, low-power IoT MCUs is anticipated during the forecast period. Renesas Electric Corporation, for instance, unveiled the 32-bit RA Family of microcontrollers in 2022. (MCUs). Based on the Arm Cortex-M23 core, the new product offers shallow power consumer MCUs specifically created for the Internet of Things endpoint applications such as industrial automation, medical devices, intelligent home appliances, and wearables. Additionally, as customers start to see goods like voice-activated assistants and smart security systems as regular household necessities rather than unnecessary luxuries, the use of the Zigbee communication product integrated across the end-user industry is being driven.

ZigBee Smart Energy Category Dominated Market due to its Properties

In the forecast period, the ZigBee Smart Energy segment held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period. ZigBee Smart Energy has several capabilities, including the capacity to randomize start and end timings to prevent energy spikes, a wide range of control mechanisms (such as duty cycling and emergency alerts), and support in tracking real-time data regarding energy use. With the ability to monitor energy use, utilities and end users can take action to limit it, saving money and reducing any adverse environmental effects. These lights can automatically identify bulb failure, minimizing the time a traffic light is out of service and immediately sending an immediate notification email or SMS text message to the city's traffic department, offering a substantial safety benefit. Businesses are purchasing ZigBee lighting systems and integrating them into unique traffic lights.

ZigBee Market: Regional Landscape

North America to Dominate market due to Increasing Automation in Homes

North America has the largest share of North America. Smart homes are becoming more popular in North America, where residents are increasingly eager to automate their houses. Due to the attractive and user-friendly window smartphones provide for operating smart home equipment, dependence on smartphones and mobile apps is expected to rise. For instance, the US Department of Energy (DOE) announced in October 2021 that $61 million would be allocated to ten pilot projects using new technology to convert thousands of homes and offices into cutting-edge, energy-efficient buildings. These "Connected Communities" can use the electrical grid to optimize their energy use, dramatically reducing carbon emissions and energy expenses, and accelerating market expansion even more. Consumers want to add linked cameras, video doorbells, connected light bulbs, smart locks, and smart speakers to their homes, and over 30 million U.S. households are expected to do so. These items employ Zigbee standards as their communication medium. The use of Zigbee networking technology is expected to increase over the forecast period due to the growing popularity of voice-activated smart speakers, like the Amazon Echo, Google Home, and Sonos One. According to a new Stanford University and Avast study, north American households have the largest number of IoT devices globally. Notably, at least one IoT gadget is present in 66% of local houses.

Additionally, 25% of homes in North America have two or more gadgets. The market for ZigBee is anticipated to expand because of the region's advanced artificial intelligence and machine learning technologies, strong cloud infrastructure, and rising connected device numbers. By 2022, there will be an average of nine devices per family in the area, and 48% of all connections and devices will be able to stream video. As a result, during the forecast period, the demand for ZigBee chips for these smart home devices is anticipated to rise along with the increasing use of IoT devices.

Global ZigBee Market: Competitive Landscape

In December 2021, A first-of-its-kind 3D virtual smart home platform was unveiled by Silicon Labs, a pioneer in safe, intelligent wireless technology for a more connected society. This interactive tour leads consumers through practical protocols, ecosystem linkages, and cutting-edge smart home solutions. On a self-guided tour, users can examine three use cases—home security, home automation, and health—and the protocols and ecosystems they connect to. Moreover, in November 2021, The second development tool in Microchip Technology's Smart Embedded Vision program was made available to designers using its PolarFire RISC-V System on Chip (SoC) Field Programmable Gate Array (FPGA).

Few of the players in the ZigBee Market include Intel Corporation, Microchip Technology., Qualcomm Incorporated, Atmel Corporation., NXP Semiconductor N.V, Digi International,  STMicroelectronics N.V., EnOcean GmbH, Cypress Semiconductor Corporation, and NEXCOM International Co. Ltd.

Regional Classification of the Global ZigBee Market is Described Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global ZigBee Market

  • ZigBee Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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