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 surge in smart home device adoption globally is set to propel the demand for ZigBee-enabled devices in the coming years. With the smart home market expanding at a rapid pace, the need for smart consumer electronics and appliances that seamlessly integrate with home networks is on the rise. Utilizing the ZigBee protocol allows users to remotely control a range of home appliances, from lighting and HVAC systems to safety equipment, bolstering energy efficiency and curbing power wastage.
• Due to the expanding trend toward smart device adoption, the growing consumer electronics sector is predicted to boost the implementation of ZigBee-based communication services used for monitoring and controlling devices based on IEEE 802.15.4 throughout emerging countries.
• With significant advancements, the market is expected to be driven by growing demand for the ZigBee wireless network deployment on a large scale using low-cost, low-power solutions that can run for years on inexpensive batteries for a variety of monitoring and control applications across smart energy/smart grid and building automation systems.
• The acceptance of smart sensor technologies increases in connection, and breakthroughs in cloud computing have all aided in the acceptance and expansion of Industrial IoT. This trend is also predicted to increase ZigBee adoption in tiny industrial settings where manufacturing gadgets must interact over short distances. ZigBee is based on the 802.15.4 protocol, although security is not effectively handled by ZigBee developers. This vulnerability has piqued the interest of many information security professionals, who are investigating the security capabilities of the 802.15.4 protocol and the implementation of ZigBee radios in IoT devices.
• According to Ericsson Mobility report 2023, the Massive IoT technologies NB-IoT and Cat-M supporting wide-area use cases involving large numbers of low-complexity, low-cost devices with long battery lives and low-to-medium throughput continue to be rolled out across the world. Globally, 128 service providers have deployed or commercially launched NB-IoT networks, 60 have launched Cat-M, and 45 have deployed both technologies. The total number of cellular IoT connections is forecasted to reach around 3 billion at the end of 2023. The growth of massive IoT technologies is enhanced by added capabilities in the networks, enabling massive IoT to co-exist with 4G and 5G in frequency division duplex (FDD) bands via spectrum sharing.

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.

The ZigBee market is segmented by end-user industry (IT and telecommunication, residential automation, industrial automation, healthcare, retail, and other end-user industries) and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.