802.15.4 Chipset Market Outlook
According to a new report by Expert Market Research titled, “Global 802.15.4 Chipset Market Size, Share, Analysis, Report and Forecast 2023-2028″, the 802.15.4 chipset market is projected to grow at a CAGR of 7.3% between 2023 and 2028. Aided by the escalating demand for low-power, low-data-rate wireless connectivity and the burgeoning applications of the 802.15.4 chipset in smart technology spaces, the market is expected to grow significantly by 2028.
The 802.15.4 chipset refers to a standard which defines the operation of low-rate wireless personal area networks (LR-WPANs). It is the basis for the Zigbee, ISA100.11a, WirelessHART, MiWi, and Thread specifications, among others. Such chipsets are fundamental to numerous smart applications, including home automation, smart cities, industrial control, and health monitoring devices. They are specifically tailored for scenarios that require secure and reliable wireless data transfer without draining much power.
The digital revolution, marked by the explosion of IoT (Internet of Things) devices, is acting as a primary propellant for the 802.15.4 chipset market growth. As industries and consumers increasingly gravitate towards smart technologies and devices — from smart homes to industrial IoT applications — the demand for reliable low-power wireless communication standards like 802.15.4 becomes inevitable.
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Simultaneously, the proliferation of smart city initiatives worldwide offers a substantial boost to the 802.15.4 chipset market size. These initiatives frequently involve extensive sensor networks for monitoring utilities, traffic, weather, and more. The 802.15.4 standard, with its low power consumption and reliable data transmission, emerges as a preferred choice for such applications.
Furthermore, the industrial sector’s tilt towards automation and real-time monitoring for improved operational efficiency puts the 802.15.4 chipset in the limelight. In environments where cables might be impractical, wireless standards like 802.15.4 offer immense advantages, particularly in sectors like oil and gas, manufacturing, and mining. Additionally, the rise of smart agriculture, where sensor networks monitor and manage farm operations, presents a lucrative opportunity for the 802.15.4 chipset market development.
In the healthcare arena, wearable health tech and remote patient monitoring systems are gaining traction. The necessity for real-time data transfer without frequently charging the device makes the 802.15.4 chipset a preferred component in the design of such health devices, boosting the market expansion.
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Major players in the industry, such as Qualcomm, Texas Instruments, and NXP Semiconductors, continually invest in research and development to innovate and improve the chipset’s functionalities, ensuring they cater to evolving 802.15.4 chipset market demand.
802.15.4 Chipset Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Single-protocol/Standalone 802.15.4 Chipsets
- Multi-protocol Chipsets
Market Breakup by Application
- Industrial Automation
- Smart City
- Smart Home
- Smart Meeting
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 802.15.4 chipset market. Some of the major players explored in the report by Expert Market Research are as follows:
- Panasonic Corporation
- Qualcomm Technologies, Inc.
- STMicroelectronics NV
- Qorvo Inc.
- Microchip Technology Inc.
- Nordic Semiconductor ASA
- Infineon Technologies AG
- Digi International Inc.
- Texas Instruments Inc.
- Analog Devices, Inc.
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