Zigbee Market Projected to Hit USD 8.48 Billion by 2032 | Driven By Expanding IoT and Smart Home Adoption | Research by S&S Insider
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
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Source: Globenewswire
ZigBee Market Growth: The ZigBee market, valued at USD 4.39 billion in 2023, is projected to grow to USD 8.48 billion by 2032, driven by the increasing adoption of IoT and smart home technologies, with a CAGR of 7.60% from 2024 to 2032.
Regional Insights and Key Players: North America leads the ZigBee market with 43% revenue share due to high smart home technology adoption, while Asia Pacific shows rapid growth; major players include NXP Semiconductors, Texas Instruments, and Amazon, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
