ZigBee World Market Study, 2019 to 2024 - Huge Opportunities in the Smart Homes & Building Sector due to the Emergence of Automation - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2019--
The “ZigBee Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The ZigBee Market is expected to register a CAGR of over 9.2% during the forecast period (2019-2024).
It is the low-cost and low-powered mesh network that is widely deployed for controlling and monitoring applications, covering the range of 10-100 meters. This communication system is less expensive as well as simpler than the other proprietary short-range wireless sensor networks such as Bluetooth and Wi-Fi connectivity.
Owing to the increasing consumer electronics industry due to the rising trend towards the adoption of smart devices is expected to drive the application of ZigBee based communication services used for monitoring and controlling devices based on IEEE 802.15.4 across the emerging economies.
Growing demand for the ZigBee broad-based deployment of wireless networks with low-cost, low-power solutions, that provides the ability to run for years on inexpensive batteries for a host of monitoring and control applications across smart energy/smart grid & building automation systems with significant advancements is expected to drive the market.
The rapid growth in the IoT applications across both commercial as well as residential sector is propelling the demand for the high replacement cost of Zigbee enabled appliance.
Key Market Trends
Smart Homes & Building Sector is Gaining Traction Due to Emergence of Automation
North America to Register as the Largest Market During the Forecast Period
The ZigBee market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in communication technology across the connectivity medium, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Connected Devices Across Industrial Automation & Smart Homes
4.2.2 Rising Trend of Low Cost with High Performance Equipment Across IoT Ecosystem
4.3 Market Restraints
4.3.1 Complexity in the Manufacturing of Networking Equipment with ZigBee Standards
4.4 Industry Attractiveness - Porter’s Five Force Analysis
4.5 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By End-user Industry
5.1.1 IT & Telecommunication
5.1.2 Residential Automation
5.1.3 Industrial Automation
5.1.5 Retail (Digital Ecommerce)
5.1.6 Other End-user Industries
5.2.1 North America
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Texas Instruments Incorporated
6.1.2 NXP Semiconductors N.V.
6.1.3 Microchip Technology Inc.
6.1.4 Silicon Laboratories Inc
6.1.5 Digi International Inc.
6.1.6 Sena Technologies Inc.
6.1.7 Nordic Semiconductor ASA
6.1.8 Qualcomm Technologies Inc.
6.1.9 Semiconductor Components Industries LLC (ON Semiconductor)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/7qlbmi
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INDUSTRY KEYWORD: TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY NETWORKS BUILDING SYSTEMS INTERNET
SOURCE: Research and Markets
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PUB: 11/13/2019 11:24 AM/DISC: 11/13/2019 11:24 AM