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Zigbee Market Driven by IoT Adoption, Forecasted to Hit USD 7.80 Billion

Zigbee Market was valued at USD 4.20 Billion in 2023, and it is expected to reach USD 7.80 Billion by 2030, exhibiting a CAGR of 9.26% during the forecast period (2024-2030)<br><br>https://www.maximizemarketresearch.com/market-report/global-zigbee-market/62684/

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Zigbee Market Driven by IoT Adoption, Forecasted to Hit USD 7.80 Billion

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  1. Zigbee Marketglobal Analysis Report 2024-2030 Published by: Shweta, Automotive and Transportation Specialist

  2. Market Size & Overview: The Zigbee market was valued at approximately USD 4.20 billion in 3 and is projected to reach around USD 7.80 billion by 2030, exhibiting a CAGR of 9.26% during the forecast period (2024-2030). Zigbee is a wireless communication standard designed for low-cost, low-power IoT networks, operating on unlicensed radio bands such as 2.4 GHz, 900 MHz, and 868 MHz. It facilitates moderate data transmission over short distances, making it suitable for applications like smart homes, industrial automation, and healthcare.

  3. Market Growth & Opportunities The market's growth is driven by the increasing adoption of smart devices and the demand for low-power wireless networks. Zigbee's ability to operate efficiently on low-power batteries for extended periods makes it ideal for control and monitoring applications in smart energy and building automation systems. The expansion of the electronics sector and the rising trend of remote operations further contribute to the market's development. Sample Request

  4. Market Segmentation • by Applications Home Automation Industrial Automation Telecommunication services Healthcare Retail Services Others • by Standard ZigBee RF4CE Zigbee PRO Zigbee IP • by Device Type Zigbee Home Automation Zigbee Light Link Zigbee Smart Energy Others

  5. Regional Analysis: • North America: This region holds a significant market share due to technological advancements and the presence of numerous Zigbee product and service providers. The widespread adoption of smart home devices and industrial automation solutions drives the demand for Zigbee technology. • Europe: Europe is experiencing growth in the Zigbee market, supported by initiatives promoting smart city projects and energy-efficient solutions. The region's focus on sustainability and advanced infrastructure contributes to the increasing adoption of Zigbee-enabled devices. • Asia-Pacific (APAC): Emerging economies like India, China, and Japan are witnessing significant growth in the Zigbee market. The rising demand for wireless technology devices, coupled with expanding industrial sectors, fuels the adoption of Zigbee solutions in this region.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Silicon Labs Acquires Ember Corporation (2012): Silicon Labs expanded its IoT portfolio by acquiring Ember Corporation, a leader in Zigbee technology, enhancing its wireless solutions for smart energy and home automation applications. • Qorvo Acquires GreenPeak Technologies (2016): Qorvo strengthened its position in the IoT market by acquiring GreenPeak Technologies, a company specializing in Zigbee communication solutions, to enhance its smart home and IoT offerings. • Silicon Labs Acquires Telegesis (2015): Silicon Labs expanded its Zigbee capabilities by acquiring Telegesis, a leading supplier of Zigbee modules, to enhance its wireless connectivity solutions for IoT applications. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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