Technavio, a tech-focused market research firm, has published a new report on the global ZigBee remotes market, which is expected to grow at a CAGR of close to 47%, in terms of unit shipments, during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global ZigBee remotes market into the following key regions: The Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global ZigBee remotes market are elaborated below
ZigBee remotes market in APAC: The high demand for ZigBee remotes in APAC is attributable to the flourishing manufacturing sector for consumer electronics in the region. The rising adoption of ZigBee remotes by the major smart TV, STB, home theater equipment, and gaming console manufacturers in the region is expected to foster further growth in the ZigBee remotes market in APAC during the forecast period.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “Many homes in developed nations are being revamped to smart homes, wherein consumer electronic devices, media, entertainment gadgets, and other smart electronics are connected to the home network and can interact with each other. This trend is likely to translate to a surge in the demand for ZigBee remotes.”
ZigBee remotes market in Americas: The demand from the consumer electronics sector is the major driving force behind the growth of the ZigBee remotes market in the Americas. During the forecast period, the demand for these remotes is expected to increase further, fueled by advances in technology and intensifying competition between Sony PS4 and Microsoft Xbox One gaming consoles in the US.
ZigBee remotes market in EMEA: During 2016, EMEA accounted for more than 1 million units of the overall shipment of ZigBee remotes. The market in the region is anticipated to experience substantial growth during the forecast period owing to the region’s rapidly-growing smart home market.
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The top vendors operating in the global ZigBee remotes market are:
- Atmel
- GreenPeak Technologies
- NXP Semiconductors
- Silicon Laboratories
- SMK Electronics
- STMicroelectronics
- Texas Instruments
- Universal Electronics
- Universal Remote Control
A more detailed analysis is available in the Technavio report titled, ‘Global ZigBee Remotes Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global ZigBee Enabled Devices Market 2016-2020
- Global ZigBee Home Automation Market 2016-2020
- Global ZigBee-Enabled Smart Thermostat Market 2016-2020
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