Global Zigbee Enabled Devices Market 2016-2020
About Zigbee enabled Devices
ZigBee is a wireless and open global standard with added benefits such as low-cost, low-power wireless machine-to-machine (M2M) networks. The ZigBee standard is the only wireless technology that enables device-to-device communication and functions on Institute of Electrical and Electronics Engineers (IEEE) 802.15.4 physical radio specification in unsanctioned bands including 2.4 GHz, 900 MHz, and 868 MHz.
ZigBee operates on 802.15.4 specification, which was approved by the IEEE in 2003. The 802.15.4 standard is a packet-based radio protocol that enables device communication in a range of network configurations and is intended for low-cost, battery-operated devices. The battery life of ZigBee-enabled devices is extended for several years.
Technavio’s analysts forecast the global ZigBee-enabled devices market to grow at a CAGR of 29.73%% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ZigBee-enabled devices market for 2016-2020. It covers the five major product segments that implement ZigBee wireless technology:
Technavio Announces the Publication of its Research Report – Global Zigbee-enabled Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Zigbee-enabled Devices Market: Atmel, Digi, Freescale Semiconductor, GreenPeak, NXP Semiconductors, Renesas, Silicon Laboratories, STMicroelectronics and Texas
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “The increasing global focus on energy conservation is compelling government agencies and utilities to improve or build power grid infrastructure by adopting smart technology. In 2015, power and utility companies invested more than $190 billion in smart energy systems. The UK's Smart Metering Implementation Programme is also set to replace 53 million meters in homes and small businesses by 2020. These organizations are also shifting toward advanced metering infrastructure (AMI), which connects home and neighborhood area networks.”
According to the report, the rapidly growing IoT market across the globe is encouraging organizations from different industries to join the ZigBee Alliance, which offers global wireless standards. ZigBee Alliance aids member companies in developing products that are compatible with ZigBee-certified products. Growing membership in ZigBee Alliance will help leverage the expertise of member companies to develop standards, increase awareness, understand ZigBee technology, and ensure interoperability across the IoT.
Further, the report states that Z-Wave is a major competitor of ZigBee in the global smart home market, with added support from key cloud-based home control providers such as Verizon and ADT. Z-Wave, which is driven by a mesh network, provides effective power solutions in smart homes.
Atmel, Digi, Freescale Semiconductor, GreenPeak, NXP Semiconductors, Renesas, Silicon Laboratories, STMicroelectronics, Texas, 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, Telegesis.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook