Albany, NY -- (SBWIRE) -- 07/05/2018 -- ZigBee can be defined as a wireless technology, which assists in establishing a device to device communication or a machine to machine communication network. It works on 802.15.4 physical radio specification, which approved by Institute of Electrical and Electronics Engineers in a number of unsanctioned bands, such as 868 MHz, 2.4 GHz, and 900 MHz. The standard 802.15.4 is basically a radio protocol, which helps various communicating devices deployed within a specified range of network configurations and is particularly utilized for low-cost and battery operated devices. Since ZigBee enabled devices have a long lasting operating life and they consume very little power, their demand is increasing substantially across the world, reflecting positively on the global market for ZigBee. According to Transparency Market Research (TMR), ZigBee enabled devices are expected to witness a significant rise in traction in the near future, owing to its high demand in home automation, which is expected to lead to a high growth of the global market in the years to come.

Here is a snapshot of how the global ZigBee market is performing:

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Rising Trend of IoT to Boost Market's Growth

The global market for ZigBee is benefiting significantly from the rising trend of Internet of Thing (IoT) across the world, which is encouraging various other industries to participate in the ZigBee alliance to match the global wireless standards. However, the low data transfer speed and short range network may restrict a number of smart home consumers in taking up ZigBee-enabled devices for their home in the near future. Apart from this, the high cost of replacement of ZigBee enabled appliances may also limit the global ZigBee market in the years to come.

North America to Continue Dominating Global ZigBee Market

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In terms of the geography, the global market for ZigBee reports its presence across North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Thanks to presence of advanced infrastructure favorable for the deployment of smart homes, North America has been leading the global market for ZigBee and is anticipated to remain on the top over the next few years. The ZigBee market in North America is closely followed by Europe, which is also witnessing a high rise and is projected to continue doing so in the years to come. Asia Pacific, however, is currently at a nascent stage and is anticipated to experience a promising growth in the near future, owing to the rising demand for wireless technology devices, which consumes less power.

The global market of ZigBee is highly fragmented and competitive in terms of business landscape. The presence of a large number of market players is the factor behind this. Some of the key players operating in the global market are NXP Semiconductors (Netherlands) Atmel (U.S), and STMicroelectronics (Switzerland) amongst others.

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