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ZigBee Market Growth By Regions, Type, Application And Vendors
ZigBee is one of the popular wireless networking standards used for monitoring and controlling devices that is based on IEEE 802.15.4 standard.

BriefingWire.com, 9/17/2019 - ZigBee is one of the popular wireless networking standards used for monitoring and controlling devices that is based on IEEE 802.15.4 standard. ZigBee is preferred for applications related to low data rate, long battery life, and secure networking. ZigBee carries small volumes of data over a mid-range distance.

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Growing concern for energy conservation is one of the major factors driving growth of the market

The factor attributed the growth of the market is growing consumption of energy across the globe. For instance, according to worldbank.org, analysis, 17.8% of energy was consumed in 2014 and it has grown to 18.1% in 2015, globally. Since, utilization of energy is increasing at a rapid rate consumers are adopting those technologies, which are low powered and minimises energy consumption. The Zig Bee protocol monitors and manages consumers’ energy consumption, which further helps in reducing wastage of energy and lowering energy costs for both utilities and end-users. Moreover, government initiatives for smart city project is another factor leading to increasing installation of ZigBee protocol in smart city for controlling consumption of energy. For instance, in 2015, Government of India launched "100 Smart Cities Mission". Hence, all these factors will expected to drive the growth of the Zig Bee protocol over the forecasted period (2018-2026).

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The major players in the global Zigbee market include Intel Corporation, Qualcomm Incorporated, Atmel Corporation., Digi International, NXP Semiconductor N.V, STMicroelectronics N.V., Microchip Technology., Cypress Semiconductor Corporation, EnOcean GmbH, and NEXCOM International Co. Ltd.

Key players are focusing on adopting various product development strategies to gain competitive edge in the market. For instance, in April 2018, Nordic Semiconductor launched Zigbee solution with nRF52840 multiprotocol SoC. The multiprotocol solution for nRF52840 SoC enable users to take advantage of several wireless technologies. This protocol provides facility for interaction with Zigbee smart lighting network with smartphones via Bluetooth 5, or a Zigbee security network using Bluetooth beacons for location identification.

 
 
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