Market Trends of 802.15.4 Chipset Industry
This section covers the major market trends shaping the 802.15.4 Chipset Market according to our research experts:
Increasing Adoption of ZigBee Communication Protocol is Expected to Drive the Market Positively
- ZigBee is one of the most widely-used IEEE 802.15.4 technologies accounting for the majority of the market share among other communication protocols. Wireless sensor network, which is based on IoT and can be used for Machine to Machine communications, comprises the less power consuming, lightweight, and active sensor nodes for higher network performance, and ZigBee is the real-time application for the wireless sensor networks used for low-cost data and energy consumption characteristics.
- Moreover, the Zigbee Alliance reported increasing sales of ZigBee chipsets, especially in connected lighting, smart meters, and climate control and comfort automation. It is due to this increasing acceptance by end users, many technology giants are joining the alliance to create new products. The latest companies to join the coalition include Amazon, Apple, and Google, and continue to develop the adoption of a royalty-free, connectivity standard with a high emphasis on security.
- Zigbee uses low data rates, low power consumption on small packet devices, whereas Bluetooth uses higher data rates, higher power consumption on large packet devices. Zigbee networks support devices with longer range and more in number, as compared to Bluetooth networks whose range is small. Zigbee's instant network joining time (30 milliseconds) is more suitable for critical applications, while Bluetooth's longer joining time is 3 seconds. The advantages that ZigBee offer over Bluetooth, especially in automation, are expected to increase the market revenue of 802.15.4 chipset.
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Asia Pacific is Expected to Witness the Highest Market Growth
- The ongoing technological advancements in various IEEE's 802.15.4 based communication protocols create a lot of demand for better connectivity solutions for industrial automation applications, owing to the expanding trend of smart-cities and home automation in the region. These points are expected to increase the demand for 802.15.4 based chipsets in Asia-Pacific countries, such as China, India, Japan, and Korea.
- The demand for the IEEE 802.15.4 standard that is termed as a universally accepted standard for developers of smart city and IoT applications is expected to provide significant opportunities for chip manufacturers in the developing countries in Asia-Pacific.
- Moreover, India's vision to transform 100 cities into smart cities is expected to create a massive demand for 802.15.4 chipsets in the smart homes sector. The Indian government even announced to expand the Smart Cities Mission to over 4,000 cities across the country, which is expected to account for the massive growth of the market in this region.
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