Global Zigbee market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.



Global Zigbee Market

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Market Definition

Zigbee is the wireless network communication technology, is created for small scale projects which need wireless connection. It used to produce personal area networks with small and low-power digital radios for smart home, medical device data collection and other low-bandwidth requirements.

Market Dynamics

Rapidly growing Internet of Thing (IoT) technology, increasing acceptance of simple and easy accessible Zigbee enabled products and standards in a variety of applications are major driving factor behind the growth of market. Zigbee communication provides several benefits such as easy and simple network setup, doesn’t require central controller, allows remote monitoring and controlling of home appliances, save cost of battery replacement as Zigbee uses lithium battery which lasts long and it is low power consuming wireless system which are ultimately improving the demand of Zigbee technology. Surge in the adoption of Zigbee module in the smart home automation and commercial building automation systems are expected to witness fast growth during forecast period.

However, short range, low complexity and low data speed are major restraining factors that could hamper the growth of market. Its high maintenance cost, lack of total solution, and slow materialization and alternative technology such as Wi-Fi based secured systems could hinder the growth of market.