Global ZigBee Module Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “ZigBee Module Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the ZigBee Module Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
North America is considered to the leading market. The factors responsible for the growth in this region is the huge number of businesses using mapping application and location-based services (LBS) to enhance their productivity along with the rising customer awareness about mobile mapping services.
The communication protocol which is used to create personal area networks with small, low-power digital radios is known as ZigBee. ZigBee alliance with major applications in the industrial, scientific and medical industries manages IEEE 802.15.4 specification. As a result of low data rate, it is preferred in simpler and less expensive wireless networks. However, ZigBee is mostly suitable for embedded applications with low power consumption and low data rates.
The global zigbee module market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
The market is increasing at a high rate due to several advantages such as low power consumption, interoperable, and highly secure. It consists of reliable and robust construction and can be used everywhere as unlicensed bands are available to use throughout the globe. ZigBee is used in various market such as smart phone, connected lighting, and others. Moreover, increasing membership base of ZigBee alliance coupled with the shift towards advanced metering infrastructure by government agencies and utilities will further boost the growth of the market.
On the basis of segmentation, the market is classified into various segments such as by type, by application, and by region. According to the type of the market, it is bifurcated into ZigBee coordinator, ZigBee router, and ZigBee end device. On the basis of application segment, the market is divided into industrial automation, home automation, smart metering, and smart grid monitoring.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global zigbee module market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Atmel Corp., Digi International Inc., Freescale Semiconductor Inc., NXP Semiconductors N.V, Renesas Electronics Corp., Silicon Laboratories Inc., STMicroelectronics N.V., Texas Instruments Inc., and Telink Semiconductor Co. Ltd.
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