Not only the zig-bee automation market has a substantial rise, but also the devices enabled with zig-bee will have a parallel growth in various segments. Such segments include smart lights, entertainment, smart home automation, security, and many more. The zig-bee automation market trends that allow power minimization and reduced energy usages are fulfilling the requirement of the current times.Several vendors of electrical and electronic appliances progressed to the zig-bee alliance due to the increased market potential. Zig-bee alliance that includes more than 400 members and will continue to expand in the future is also fuelling the zig-bee automation market to optimum levels.Market Restraints:The wave of the coronavirus epidemic has critically affected the zig-bee automation market. Due to the lockdown, the normal functioning of the industry was restricted, and several projects were postponed to an uncertain time period. However, the elevated demand for automation and huge dependence on zig-bee automation has boosted the zig-bee automation business sales while restoring its value.
Although the zig-bee automation market has numerous opportunities for growth, it bears certain limitations too. One such challenge is the changing present network protocols or standards which leads to the rise in the cost of re-manufacturing. This can hamper the growth of the zig-bee automation industry in the upcoming years.Cumulative Growth Challenges:According to the zig-bee automation market analysis, the rising demand for zig-bee automation in homes and industries is boosting the market growth to higher levels. The market value will be impeccably high in the next many years, with a growth rate of 17.06 percent. The efforts of players in generating solutions that can overcome the challenges will also fuel the zig-bee automation market growth in the forecast period.Segment Overview:The global zig-bee automation market is bifurcated into various segments based on application, product, and region.
The major zig-bee automation market players are:
April 2022:EnOcean has showcased self-powered wireless sensors for HVAC, lighting control, and IoT applications at Nordbygg Expo. These sensors, powered by surrounding energy sources, offer flexibility in placement and maintenance-free operation. EnOcean's solutions, based on the EnOcean wireless standard, have contributed to making buildings more energy-efficient and cost-effective while addressing sustainability concerns. With a focus on digitizing buildings and optimizing CO2-footprints, EnOcean's technology has played a vital role in creating healthier and more comfortable working environments amidst global sustainability efforts.
February 2024:Infineon Technologies AG, a global semiconductor leader, introduces the OPTIGA™ Trust M MTR, facilitating Matter and security integration into smart home devices. The Matter-certified Secure Element enhances security, simplifies device commissioning, and enables personalized DAC injection for multiple product variants.
November 2023:STMicroelectronics showcases advancements in smart grid and cellular IoT connectivity at Enlit Europe. The newly certified smart grid chipset aims to enhance connectivity, with potential applications in smart metering and smart infrastructure.
November 2023:The Kinetis K series microcontrollers (MCUs) by NXP Semiconductors offer optimized performance, scalable integration, and low-power capabilities, with various sub-families tailored for different applications. With optimized performance and low-power capabilities, these MCUs offer seamless integration of Zigbee functionality into diverse embedded systems designs. Their wide range of peripherals and memory options further enhances flexibility and efficiency in developing Zigbee-enabled devices for smart home automation, industrial monitoring, and wireless sensor networks.
March 2023:Texas Instruments (TI) has introduced a new Arm Cortex-M0+ microcontroller (MCU) portfolio, offering a wide range of computing options, integrated analog features, and memory configurations. With over 100 planned MCUs, TI aims to provide a comprehensive offering for general-purpose designs, enabling designers to save time with intuitive software and design tools.
January 2023:TDK Corporation collaborates with Texas Instruments to introduce the world's first sensor module, the i3 Micro Module, featuring built-in edge AI and wireless mesh connectivity. This ultracompact, battery-powered module integrates TI's CC2652R7 SimpleLink platform for real-time monitoring, empowering predictive maintenance systems in smart factories. The module facilitates anomaly detection, vibration monitoring, and data aggregation, supporting applications like factory automation and HVAC filter monitoring.
The zig-bee automation market report mentions the structure of the market along with estimated market value and growth rate in the forecast years.
It consists of a COVID19 analysis of the zig-bee automation industry that describes the impact of the pandemic on the market. It describes the market dynamics where the factors are mentioned that affect the market growth, including opportunities and restraints.
The report also provides an idea about zig-bee automation market segments and includes the regional analysis of the market.
It also comprises the competitive landscape of the market and mentions recent developments in the field.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 46.3 Billion |
| CAGR | 12.6% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2015 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, Application |
| Geographies Covered | North America, Europe, Aisa Pacific |
| Key Vendors | NEXCOM International Co. Ltd. (Taiwan) Intel Corporation (U.S.) EnOcean Gmbh (Germany) Qualcomm Incorporated (U.S.) Cypress Semiconductor Corporation (U.S.) Atmel Corp. (U.S.) MediaTek Inc. (Taiwan) Texas Instruments (U.S.) STMicroelectronics N.V (Switzerland) NXP Semiconductor N.V (Netherlands) |
| Key Market Opportunities | The zig-bee automation market trends that allow power minimization and reduced energy usages are fulfilling the requirement of the current times. |
| Key Market Drivers | The zig-bee automation market demand is skyrocketing at lightning speed due to the emergence of technologies like the internet of things and connected devices. |
Zig Bee Automation Market Highlights:
Frequently Asked Questions (FAQ) :
The global zig-bee automation market is poised to record a market value of USD 46.3 Billion by 2030.
The global zig-bee automation market is maturing at a whopping 12.6% CAGR over the review period of 2022 to 2030.
A few significant players of the global zig-bee automation market are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Atmel Corp. (U.S.), Texas Instruments (U.S.), NXP Semiconductor N.V (Netherlands), and others.
The zigbee home automation segment is expected to drive market growth over the review period.
The smart homes segment is likely to witness the highest demand in the zig-bee automation market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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