ZIGBEE HOME AUTOMATION MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa

North America held dominant position in the global zigbee home automation market during the forecast period

Statistics:

North America held dominant position in the global zigbee home automation market in 2019, accounting for 37.3% share in terms of value, followed by Asia Pacific and Europe.

Figure 1: Global ZigBee Home Automation Market Share (%), By Region, 2020

North America is expected to account for the largest market share during the forecast period. The rapid technological advancements, increasing penetration of internet users, and a large number of ZigBee product and service providers in the region are expected to drive the North America market growth during the forecast period. For instance, according to the Worldwide Market Reports’ analysis, there were 288.1 million internet users in the U.S. in 2020. For instance, In February 2019, Texas Instruments Incorporated, a U.S.-based semiconductor manufacturing company, launched SimpleLink CC2652RB wireless microcontroller (MCU) and the LMK05318, new bulk acoustic wave (BAW)-based embedded processing and analog chips specially developed for communications infrastructure and connectivity.

Asia Pacific region is expected to exhibit highest growth during the forecast period. The rising adoption of IoT, rapid urbanization, and increasing demand for wireless technology devices that consume less power are expected to drive the Asia Pacific market growth during the forecast period. In August 2020, Renesas Electronics Corporation, a Japan-based semiconductor manufacturing company, launched RYZ012 Module with Bluetooth Low Energy (LE), Bluetooth LE Mesh, and ZigBee. RYZ012 Module is specially developed for the internet of things (IoT) applications to reduce or mitigate these losses.