Global ZigBee-Enabled Lighting Market – Drivers and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#Research—Technavio
analysts forecast the global
ZigBee-enabled lighting market to grow at a CAGR of
almost 21% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of
the global
ZigBee-enabled lighting market for 2017-2021. The market
is segmented on type (luminaires and lamps), and geography (APAC,
EMEA, and the Americas).

The market is expected to witness a high growth rate from 2016-2018,
primarily because of the rise in M2M communication. This is due to the
increasing penetration of smart homes worldwide, which accelerates the
demand for smart lighting. As ZigBee is dominating the smart lighting
market, developments in ZigBee wireless standards play a crucial role in
its adoption. In November 2014, ZigBee alliance announced the release of
its ZigBee 3.0 wireless standard that enables interoperability among
various products related to home automation, healthcare, energy
management, lighting, and retail.

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Technavio hardware
and semiconductor research analysts highlight the
following three factors that are contributing to the growth of the
global ZigBee-enabled lighting market:

• Declining ASP of smart light bulb
• Growing membership of ZigBee alliance
• Need for low-energy wireless technology

Declining ASP of smart light bulb

With robust competition in the marketplace, vendors are developing
low-cost ZigBee-enabled lighting bulbs, leading to a significant decline
in ASP. In 2016, Cree launched ZigBee lighting solutions but did not
make the software that has to be built by the third party. These bulbs
were priced as low as USD 15, which was much cheaper than the others. By
2021, Technavio expects to witness a decline in the ASP of
ZigBee-enabled lighting bulbs by 7.63%.

Growing membership of ZigBee alliance

The rapidly growing IoT market across the globe is encouraging
organizations from different industries to join the ZigBee alliance that
offers various global wireless standards. The ZigBee alliance aids
member companies to develop products that are compatible with ZigBee
certified products such as ZigBee lighting.

Sunil Kumar Singh, a lead semiconductor
equipment research analyst at Technavio, says, “Currently,
the alliance has more than 400 participating members working
collaboratively to develop simple and easy-to-use ZigBee products for
use in consumer, commercial, and industrial applications. This number is
expected to rise further with the growing popularity of ZigBee wireless
technology over other technologies among the OEMs.”

Need for low-energy wireless technology

ZigBee is a wireless communication technology that offers advantages
such as efficient power management and ease of installation to
consumers. ZigBee is the major substitute for high-power-consuming
batteries and can connect several devices. ZigBee wireless network
counters disadvantages regarding the manufacturing, distribution, and
disposal of batteries.

“Consumers and service providers are opting for alternative wireless
technologies, such as ZigBee, to improve energy efficiency. Compared
with Bluetooth and Wi-Fi, ZigBee has a lower energy consumption rate and
longer communication range. Major lighting manufacturers are integrating
ZigBee technology into their smart bulbs as ZigBee and ZigBee Pro
consume 1/10,000th of the energy required for a Wi-Fi network,” says
Sunil.

Top vendors:

• Belkin International
• Cree
• OSRAM

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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