ZigBee Market Size (2024 - 2029)

Zigbee Market Analysis

The ZigBee Market size is estimated at USD 4.87 billion in 2024, and is expected to reach USD 6.51 billion by 2029, growing at a CAGR of 6.01% during the forecast period (2024-2029).

The low-cost and low-powered mesh network is widely deployed for controlling and monitoring applications, covering the range of 10-100 meters. This communication system is less expensive and more straightforward than the other proprietary short-range wireless sensor networks, such as Bluetooth and Wi-Fi connectivity.

• Due to the rising trend toward adopting smart devices, the increasing consumer electronics industry is expected to drive the application of ZigBee-based communication services used for monitoring and controlling devices based on IEEE 802.15.4 across emerging economies.
• Growing demand for the Zigbee broad-based deployment of wireless networks with low-cost, low-power solutions that can run for years on inexpensive batteries for a host of monitoring and control applications across smart energy/smart grid & building automation systems with significant advancements is expected to drive the market.
• The adoption of smart sensor technology, connectivity improvements, and advancements in cloud computing have helped drive the adoption and evolution of Industrial IoT. This trend is also expected to drive the growth of ZigBee in small industrial environments where factory devices have to communicate over a short distance.
• The Internet of Things has been growing across smart home applications. It is expected to become more customizable to give more control to users and enhance the appliance operating functions. For instance, Loup Ventures, a venture capital firm that invests in virtual reality, augmented reality, artificial intelligence, and robotics, the global smart speaker market's revenue is expected to reach USD 35.5 billion by 2025.
• ZigBee networks use a mesh topology where all devices ('nodes') can communicate with each other to form a wireless mesh network. The mesh network helps the devices share over numerous paths and regularly optimize their connections to other devices, enabling the mesh to recover from wireless interference or broken links automatically.

Zigbee Industry Segmentation

Zigbee is used in low data rate applications that require long battery life and secure networking. Zigbee communication is specially built to control the sensor networks on the IEEE 802.15.4 standard for wireless personal area networks (WPANs), which is the product of the Zigbee alliance. This communication standard defines the physical and Media Access Control (MAC) layers to handle many devices at low-data rates. These Zigbee's WPANs operate at 868 MHz, 902-928MHz, and 2.4 GHz frequencies, where the data rate of 250 kbps is considered best suited for periodic and intermediate two-way transmission of data between sensors and controllers.