Global Zigbee Market Size By Standards, By Application, Geographic Scope And Forecast
Zigbee Market Size And Forecast
Zigbee Market was valued at USD 2.81 Billion in 2018 and is projected to reach USD 5.38 Billion by 2026, growing at a CAGR of 8.4% from 2019 to 2026.
Global ZigBee Market Overview
ZigBee is popular wireless networking standards. Devices which are based on the IEEE 802.15.4 standards are monitored and controlled by ZigBee. Also, ZigBee specifies media access control and physical layer for low-rate WPANs .most commonly it preferred for applications related to secure networking, long battery life and low data rate. Basically ZigBee is used to carry small amount of data over a mid-range of distance. ZigBee market is driven by various factors such as increasing electronics industry due to adoption of smart devices. Furthermore, increasing demand for ZigBee broad-based deployment of wireless network coupled with low power solutions and low cost. Also, ZigBee provides ability to run for years on inexpensive batteries for a host of control and monitoring applications across smart energy and building automation systems with advancement is fueling the growth of ZigBee Market.
Global Zigbee Market: Segmentation Analysis
The Global Zigbee Market is segmented based on Standards, Application, and Geography.
Key Players In Zigbee Market
The Global Zigbee Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Digi International
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Microchip Technology
- Texas Instruments Inc.
- GreenPeak Technologies
- Silicon Laboratories
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