Zig-Bee Automation Market Report 2019 Key Company Profiles and Industry Size, Share, Analysis, Growth Prospects, Key Opportunities, Trends and Forecasts
Global Zig-bee Automation Market, By Product (Zigbee Home Automation, Zigbee Light Link, Zigbee Smart Energy and Others), By Application (Smart Homes, Connected Light, Utility and Retail Services) and By region (North America, Europe, APAC and Rest of the World) – Forecast 2023
Pune, India – February 27, 2019 /MarketersMedia/ —
Market Analysis
Utilized high in home automation, ZigBee automation is gaining a lot of traction with possibilities to grow high in applications segments like smart home automation, smart lighting, media, entertainment, and security. Many vendors and manufacturers of electrical appliances have joined the ZigBee Alliance, to light the market potential. In many regions, the growth of ZigBee automation market is witnessing growth opportunities owing to the need for power minimization and reducing energy usages.
Market Research Future (MRFR) has published a research report about the global ZigBee automation market that forecasts hike for this market at 17.06% of CAGR between 2017 and 2023. The market is steadily approaching a market value of USD 14.20 billion by the end of 2023 due to the market growth, future opportunities and factors behind the growth of the market.
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Drivers & Constraints
Recently, a trend of growing inclination towards smart homes designing has been seen among the population which is hoping to be the key trend for market growth. It is calculated that the smart homes market is expected to witness a massive growth by 2020, concerning the rise in the number of smart home connected devices. In many developed nations, a lot of homes are being renovated into smart homes, wherein electronic devices, media, and entertainment gadgets and others are connected to interact with each other.
According to the MRFR report, a growing number of members in the ZigBee Alliance will be a crucial driver for market growth. The rapidly emerging IoT market worldwide is encouraging various industries to join the ZigBee Alliance for global wireless standards, as it aids member companies in developing products that are compatible with ZigBee-certified products.
Key Players
Zigbee Home Automation Market comprises of many upcoming key players such as Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Atmel Corp. (U.S.), Texas Instruments (U.S.), NXP Semiconductor N.V (Netherlands), STMicroelectronics N.V (Switzerland), MediaTek Inc. (Taiwan) Cypress Semiconductor Corporation (U.S.), EnOcean Gmbh (Germany), and NEXCOM International Co. Ltd. (Taiwan).
Segmentation
The Zig-Bee Automation Market in MRFR report has been segmented by product, application, and region.
On the basis of products, the market is divided into Zigbee home automation, Zigbee light link, Zigbee smart energy, and others. Of these, the Zigbee home automation has accumulated the most significant market shares owing to early adoption of innovation and high research and development.
On the basis of application, the market is further segmented as smart homes, connected lights, utilities, and retail services. Of these, smart homes and retail services will see massive growth in the forecasted period with a high CAGR.
Regional Outlook
On the basis of the geographical segmentation in MRFR s reports, Zigbee Automation market has covered regions of North America, Europe, APAC and Rest of the World.
Countries in North America and Asia Pacific such as the US, China, Japan, and South Korea are experiencing tremendous growth in Zigbee Automation due to the emerging technology of the Internet of Things and connected devices.
In countries like India, Netherlands, and the UK, the market is highly growing due to the foremost trends in digitalization. The increase in the Zigbee Automation dates to another driver that is the need for minimum power consumption from homes and industries.
Industry News
Aug 2018: Yale Assure smart locks are increasing the integrations in the smart home. Yale stated that the Yale Assure line of locks is now compatible with Comcast s Xfinity Home, a home security and automation service when equipped with a Zigbee Network Module.
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TABLE OF CONTENTS
1MARKET INTRODUCTION
1.1 INTRODUCTION
1.2SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH ZIGBEE AUTOMATION MARKET
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
Continued .
LIST OF TABLES
TABLE 1 ZIGBEE AUTOMATION MARKET, BY PRODUCT
TABLE 2 ZIGBEE AUTOMATION MARKET, BY APPLICATION
TABLE 3ZIGBEE AUTOMATION MARKET, BY REGION
TABLE 4 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY PRODUCT
TABLE 5 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY APPLICATION
Continued
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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 ZIGBEE AUTOMATION MARKET, BY PRODUCT (%)
FIGURE 3 ZIGBEE AUTOMATION MARKET, BY APPLICATION (%)
FIGURE 4 ZIGBEE AUTOMATION MARKET, BY REGION (%)
FIGURE 5 NORTH AMERICA ZIGBEE AUTOMATION MARKET, BY PRODUCT (%)
Continued .
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
Contact Info:
Name: Market Research Future
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/zig-bee-automation-market-4424
Source: MarketersMedia
Release ID: 486466
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