Market Overview
By 2023, the worldwide market for Zig-Bee Automation Industry is expected to be worth USD 14 billion. A CAGR of 17 percent is expected to be achieved in the worldwide Zig-Bee Automation Industry from 2020 to 2027. For factory automation, connected home, embedded applications, and various other uses, Zig-bee technology is the ideal wireless network standard. Automated zig-bees save electricity and make a space more intelligent.
Demand for zig-bee automation is surging at a breakneck pace as new technologies such as the ioT and interconnected gadgets take root. Smart cities, smart neighborhoods, and smart homes benefit from the burgeoning market for linked gadgets. Environmentalism has become a growing issue in the contemporary world. As a result, there has been an increase in the demand for energy-efficient technologies. Zip-bee automation provides low-power consumption, which is essential for residential and commercial use. Because of these advantages, the worldwide Zig-Bee Automation Industry has so much potential.
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The major zig-bee automation market players are:
- 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)
In the wake of the COVID19 pandemic, the global economy collapsed, and development stalled. Due to the pandemic's devastating effects, several industries had to incur enormous financial losses. Industrial operations and production units were unable to operate regularly during the lockdown. Supply and demand have a growing disconnect due to the pandemic's negative effects. A rise in interest in wireless and automated systems, on the other hand, encouraged the worldwide market for zig-bee automation to keep growing steadily.
Market Segmentation:
The worldwide Zig-Bee Automation Industry is segmented into several categories based on the application, the product, and the geographical location.
The ZigBee smart energy category ranked first in terms of proportion of the market in 2017 and is likely to continue to be the biggest during the predicted period. Among the benefits provided by ZigBee Smart Energy include the capacity to collect real-time information about energy usage, the ability to implement numerous control mechanisms such as emergency alerts and duty cycling, and the capacity to randomize start and finish timings to minimize energy spikes. With the ability to monitor energy use, both providers and end-users may limit their power usage, cutting costs and decreasing their influence on the environment.
Regional Classification:
A significant number of ZigBee service suppliers and technological improvements in North America will lead this industry to a sizable market share throughout the projection period. According to forecasts, a considerable increase is also projected in the Asia-Pacific region, thanks to the emergence of developing markets such as India, China, and Japan and the growing adoption of wireless technology devices that require less power.
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Industry News:
Silicon Labs has released a new line of highly integrated, safe Wireless Gecko modules that minimize production complexity and costs, making it simpler to add a strong wireless mesh connection to many IoT devices. As a one-stop shop for wireless mesh network quality management for line-powered Iot networks and various smart LED lighting for household and office automation, the new Series 2 MGM210x and BGM210x modules give multi-protocol interconnection, Bluetooth, and assistance for full-mesh protocols.
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