Global Zigbee and Thread Wireless Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Zigbee and Thread Wireless Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Zigbee and Thread Wireless Sensor market finds that the global Zigbee and Thread Wireless Sensor market reached a value of USD 1664.55 million in 2022. It’s expected that the market will achieve USD 6489.17 million by 2028, exhibiting a CAGR of 25.45% during the forecast period.

Monitoring function of Zigbee and Thread wireless sensor

The acute respiratory infectious disease caused by COVID-19 has the phenomenon of person-to-person transmission. Abnormal body temperature is one of the important indicators for judging suspected and confirmed COVID-19. Manual temperature measurement is not only time-consuming and laborious, but the most important thing is to increase the probability of infection. The COVID-19 early warning system is designed based on the Zigbee and Thread wireless sensor network. Its function can save manpower, obtain data the first time, and can reduce the risk of COVID-19 during manual measurement.

Automated production lines will be added in the future

When COVID-19 is under control, the Zigbee and Thread wireless sensor industry will usher in greater development. Affected by the COVID-19 epidemic, companies may have greater demand for automated production and various high-end heavy equipment. Due to rising labor costs, companies tend to use machines for production, and more companies in the automation field are also willing to invest in automation transformation. In the field of Zigbee and Thread wireless sensor, automated production lines need to use related processing and manufacturing machines. Therefore, in the long run, the Zigbee and Thread wireless sensor industry will develop in a good direction in the future.

Strengths

With the empowerment of intelligent technologies such as artificial intelligence, the Internet of Things, cloud computing, and big data, the smart home industry has developed rapidly, and the number of related products has grown rapidly. In addition, the continuous improvement of consumers' spending power on smart home products, it has promoted the gradual expansion of the smart home market. It is predicted that in the next five years, consumers' awareness of smart homes will increase, the popularity of smart home products will gradually increase, and the scale of the smart home market will further expand.

Weaknesses

Compared with Zigbee and Thread wireless sensor, the development of WIFI and Bluetooth technology started earlier, the pace of development is faster, and the industrial foundation is more solid. WIFI and Bluetooth technologies are the first to achieve rapid penetration in the field of consumer electronic devices such as mobile phones, notebook computers, and tablet computers by virtue of their advantages in data transmission rate and application cost. Zigbee and Thread wireless sensor are mainly for low-rate application scenarios, and the development of the industrial foundation is relatively lagging.

Region Overview:

North America dominated the Zigbee and Thread Wireless Sensor market in 2021, with a market share of 37.96%.

Company Overview:

NXP Semiconductors is one of the major players operating in the Zigbee and Thread Wireless Sensor market, holding a share of 21.27% in 2021.

NXP Semiconductors

NXP Semiconductors is a holding company. The Company operates as a semiconductor company. The Company provides high-performance mixed signal and standard product solutions. The Company's SP segment supplies a range of standard semiconductor components, such as small signal discrete and power discrete.

Texas Instruments

Texas Instruments Incorporated engages in the design, manufacture, test, and sell of analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

Segmentation Overview:

By type, Zigbee segment accounted for the largest share of market in 2021.

Zigbee

Zigbee is standardized by the Zigbee Alliance, runs on the IEEE 802.15.4 physical radio specification, and has lower power consumption than Bluetooth and Wi-Fi. Because of its mesh topology and proven scalability, it can easily support networks with more than 250 nodes, so it is widely used in home automation and industrial mesh networks.

Thread

Thread is the latest wireless technology in the Internet of Things, providing an IP-based mesh network and advanced security. Thread is based on existing standards (including IEEE 802.15.4) and adds special design specifications for the network layer and transport layer. Like Zigbee, Thread operates in the 2.4 GHz frequency band and can form a powerful, self-healing mesh network consisting of up to 250 nodes.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Industrial Management

There are a large number of sensors and controllers in the factory environment. Zigbee and Thread wireless sensors can be used to connect them to a network for monitoring, strengthening operation management and reducing costs.

Energy Management

Because Zigbee and Thread wireless sensor have the characteristics of low equipment cost, small equipment size, power saving, and strong network self-healing ability, they are very suitable for wide application in the field

Residential

The integration of electronic technology in the residential sector has rapidly expanded. Ease of access, simplicity, and low cost of installation has become the main motivations driving the development and application of wireless technology in automated homes and buildings. Zigbee and Thread wireless sensors can be installed in light switches, smoke detectors, meter reading systems, wireless alarms, security systems, HVAC, and kitchen appliances, to achieve remote control services.

Key Companies in the global Zigbee and Thread Wireless Sensor market covered in Chapter 3:

STMicroelectronics Industrial Management
Silicon Labs
Uniband Electronic Corp.
Microchip Residential
Nordic Semiconductor Energy Management
Texas Instruments Incorporated Thread
Renesas Electronics Application
Telink-Semi Others
Qorvo
NXP Semiconductors Zigbee

In Chapter 4 and Chapter 14.2, on the basis of types, the Zigbee and Thread Wireless Sensor market from 2018 to 2029 is primarily split into:

Zigbee
Thread

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Zigbee and Thread Wireless Sensor market from 2018 to 2029 covers:

Industrial Management
Energy Management
Residential
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)