This global market research includes a detailed segmentation of the ZigBee-enabled devices market by product type (STBs, smart meters, remote controls, connected bulbs, and smart thermostats). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this market study are Atmel, Digi, Freescale Semiconductor, GreenPeak, NXP Semiconductors, Renesas, Silicon Laboratories, STMicroelectronics, and Texas.
Technavio’s market research analysts estimate the global Zigbee enabled devices market, to grow at a CAGR of around 7% between 2016 and 2020. Set-top boxes (STBs) generate the maximum revenue for this market, and account for 70% of the overall market. ZigBee-enabled STBs can act as a central routing system for other ZigBee-enabled devices. It acts as a central coordinator by creating a mesh network through which the connected devices in the smart home can interact with each other. The Americas is the largest market for ZigBee-enabled devices due to the increase in the number of connected households in this region.
The new market research report from Technavio provides a breakdown and analysis of the ZigBee-enabled devices segments by technology.
“One of the interesting trends gaining traction in this market is the rising need for low energy wireless technology devices. ZigBee operating on IEEE 802.15.4 standard is a wireless communication technology that has added advantages of efficient power management and ease of installation. It can connect to numerous devices in smart homes and to act as a substitute for high power consuming batteries will foster its adoption during the forecast period,” says Sunil Singh, Hardware & Semiconductor, Technavio Research
The connected bulbs segment is expected to post a profound CAGR of more than 220% by 2020. This market segment will exhibit the highest market growth rate during the forecast period owing to factors like global warming and the rapid depletion of non-renewable energy sources. These factors highlight the indispensable need for energy conservation, which in turn will augment the adoption of these bulbs until 2020.
The key players in the global Zigbee enabled devices market are Atmel, Digi, Freescale Semiconductor, GreenPeak, NXP Semiconductors, Renesas, Silicon Laboratories, STMicroelectronics, and Texas. This market has a high growth potential and is highly fragmented due to the presence of many large and small players. To gain prominence in this market, the vendors are integrating advanced electronic components, such as ZigBee chips, on consumer electronic devices. The high growth potential in this market is encouraging different industry participants to join the ZigBee Alliance, which is focused on developing standards that are compatible with most of the products available in the market.
A more detailed analysis is available in the Technavio report, Global Zigbee Enabled Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global ZigBee STB Market 2015-2019
- Global Remote Market 2016-2020
- Smart Thermostat Market in APAC 2015-2019
- Smart Thermostat Market in North America 2015-2019
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