Market Size of 802.15.4 Chipset Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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802.15.4 Chipset Market Analysis
The 802.15.4 chipset market is expected to register a CAGR of 7%, over the forecast period (2021-2026). The IEEE's 802.15.4 standard defines the MAC and physical layer of the network used by networking specifications, such as Zigbee, 6LoWPAN, Thread, WiSUN, and MiWi protocols. It is created to support low cost and low powered personal area networks.
With the increasing acceptance of IoT across different end-user levels, such as home and building and industrial, the stakeholders in the electronics space have been continuously innovating in rolling out the necessary components (chipsets, modules, etc.), to cater to these needs. 802.15.4 chipsets serve the purpose by utilizing a low-data rate, which, in turn, reduces the power consumption considerably.
Using 802.15.4 chipsets, along with ZigBee communication offering better network routing schemes, are designed to ensure power conservation and low latency through guaranteed time slots. Moreover, the reason that they are being deployed for various applications is that even if there is a single point of failure, the communication may not get affected due to the implementation of the mesh network.
An increasing number of used cases, depicting the use of 802.15.4-based chipsets for their smart home and other IoT products, lead to the growth of the market studied. However, due to the outbreak of COVID-19 in the United States, China, and European countries, manufacturing plants may sit idle, which may result in a scarcity of 802.15.4 chipsets for the manufacturers and retailers all over the world.
