The infographic below contains key findings from our analysis of the ZigBee-enabled devices market
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Overview of the global ZigBee enabled devices market
The global ZigBee enabled devices market research predicts the market to grow steadily at a CAGR of more than 6% by 2020. Much of this market’s growth will be driven by the set-top boxes (STBs) segment, which currently accounts for more than 70% of the ZigBee-enabled devices market share. ZigBee-enabled STBs can act as a central routing system for other ZigBee-enabled devices. Its ability to act as a central coordinator by creating a mesh network through which the connected devices in the smart home can interact with each other is a significant factor that will spur growth in this market until 2020.
The rising need for low energy wireless technology devices is a key global ZigBee enabled devices market driver. 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. The ability of this technology to 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.
Product-based segmentation of the ZigBee-enabled devices market
- STBs
- Smart meters
- Remote controls
- Connected bulbs
- Smart thermostats
In this global ZigBee enabled devices market analysis analysts have estimated the connected bulbs segment 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.
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Geographical segmentation of the ZigBee-enabled devices market
The Americas will be the largest market for ZigBee-enabled devices during the forecast period. The recent increase in the number of connected households in the Americas is a critical factor that impels the adoption of ZigBee-enabled devices in this region during the forecast period.
Competitive landscape and key vendors
The global ZigBee enabled devices 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.
According to the global ZigBee enabled devices market forecast, the leading vendors in the market are -
- Atmel
- Digi
- Freescale Semiconductor
- GreenPeak
- NXP Semiconductors
- Renesas
- Silicon Laboratories
- STMicroelectronics
- Texas
Other prominent vendors in the market include AAC Technologies, Aclara Technologies, Autani, Computime, Energate, HPL Electric and Power, Itron, Legrand, Melange Systems, Microchip Technology, MMB Networks, OKI Semiconductor, Profile Systems, SENA Technologies, Tendril Networks, Trilliant, and Telegesis.
Key questions answered in the report include
- What will the market size, market forecast and the growth rate be in 2020?
- What are the key factors driving the global ZigBee enabled devices market?
- What are the key market trends impacting the growth of the ZigBee-enabled devices market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global ZigBee enabled devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the ZigBee-enabled devices market?
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