ZigBee Market, by Standards (Zig Bee RF4CE, ZigBee PRO, ZigBee IP, ZigBee Remote Control 2.0, and Zig Bee 3.0), by Device Type (Zig Bee Home Automation, Zig Bee Light Link, Zig Bee Smart Energy and Others), by Applications (Home Automation, Industrial Automation, Telecommunication services, Healthcare, Retail Services, and Others), and by Regions (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

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.

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).

However, short range network and low data transfer speed are major factors hindering growth of the ZigBee market. ZigBee performs well in the range of within the range of 10 metres only. Additionally, high replacement cost of ZigBee enabled appliances is another factor hampering the market’s growth.

Global Zig Bee Market: Segment Trends

ZigBee smart energy segment accounted for the largest market share in 2017 and is expected to remain largest over the forecasted period (2018-2026). The advantages offered by ZigBee Smart Energy are it helps in tracking real-time information related to energy consumption, multiple control methods e.g. emergency signals and duty cycling, and has the ability to randomize start and end times to avoid energy spikes. With the access to monitor the energy consumption, both utilities and end-users can regulate the use of energy, thus saving money and reducing the impact on the environment.

Global Zig Bee Market: Trends

Rising inclination for adoption of smart home devices across the globe is one of the primary factors expected to boost demand for ZigBee enabled devices in the near future. For instance, according to Coherent Market Insights’ analysis, 47 million smart home devices were shipped worldwide in 2015 and 80 million in 2016, globally. The rampant growth of smart home will inadvertently increase demand for smart consumer electronic devices and gadgets that connects to common home network. The adoption of ZigBee protocol helps consumers to remotely control their home appliances such as a lighting system, heating and cooling system, safety equipment operation, and many more, which further makes home appliances more efficient in terms of energy usage and also help in reducing energy consumption and minimizing energy wastage.

 Global ZigBee Market: Regional Insights

North America accounted for the largest market share in 2017, where the U.S. and Canada were the major growth engines. The factors driving growth of the market in this particular region are rising digitalization, rapid technological advancements, increasing penetration of internet users, rising popularity of smart homes and smart devices among the users, and others. For instance, according to InternetLiveStats’ analysis, in the U.S. the total number of internet users in 2015 was 283,712,407 and it has increased to 286,942,362 in 2016. Additionally, according to Coherent Market Insights’ analysis, in the U.S. in 2016, the installed base Internet of Things (IoT) devices in households was 228 million and has grown up to 240 million in 2017. Additionally, according to Coherent Market Insights’ analysis, the sales of smart homes in 2016 was US$ 1.22 billion and reached to US$1.51 billion in 2017. Hence, these factors will help in propelling growth of ZigBee market in North America.

Global ZigBee Market: Competitive Landscape

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.

 Global ZigBee Market: Taxonomy

By Standards

  • ZigBee RF4CE
  • Zigbee PRO
  • Zigbee IP
  • Zigbee Remote Control 2.0
  • Zigbee 3.0

 By Device Type

  • Zigbee Home Automation
  • Zigbee Light Link
  • Zigbee Smart Energy
  • Others

 By Applications

  • Home Automation
  • Industrial Automation
  • Telecommunication services
  • Healthcare
  • Retail Services
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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