802.15.4 Chipset Market - Forecast(2024 - 2030)

802.15.4 Chipset Market Overview

The 802.15.4 Chipset market is estimated to witness a growth of 7.5% CAGR during the forecast period 2021-2026. The 802.15.4 standard represents the physical layer and media access control layer of the Open Systems Interconnection network operation paradigm and it is the largest standard for low-data-rate WPANs. The rising adoption of these wireless sensor networks in monitoring applications such as petrochemical plants and oil refineries to improve plant operation efficiencies, safety prevention, and compliance, as well as asset management, is driving market demand. low rate wireless personal area networks-based modules are majorly preferred for sensors and other internet of things (IoT) small devices used in industry and building automation, environmental sensing, health monitoring and keyless entry systems.

Report Coverage

Key Takeaways

• Multi-protocol chips segment is estimated to witness substantial growth over the period 2021-2026 owing to its seamless interface with IoT technologies.
• Increase in investments for smart cities around the world is estimated to drive the 802.15.4 chipset market
• Rising market demand for wireless smart lighting platforms has stemmed from the increased use of the 802.15.4 chipset in smart lighting.
• APAC region is estimated witness the largest share in the market owing to the expanding trend of smart-cities, industrial &home automation in the region

802.15.4 Chipset market Value Share, By Application, 2021 (%)

802.15.4 Chipset market Segment Analysis- By Type

Multi-protocol chips segment is estimated to witness CAGR 8.01% over the period 2021-2026 owing to its seamless interface with IoT technologies. Multi-protocol chips integrate 802.15.4 with other IoT technologies such as Bluetooth Low Energy (BLE) and WiFi, enable strong wireless mesh networking with seamless mobile/IT integration at minimal added cost which is driving the market demand. In 2019, the Fairhair Alliance released their standard for a unified, highly secure IP infrastructure for smart buildings, which includes 802.15.4/Thread for wireless IP mesh communications. Moreover, Developers are seeing significant demand for combination 802.15.4/BLE chipsets, as well as lower product development costs, faster time to market, and the ability to create new product categories. For instance, Signify, debuted 802.15.4/BLE smart light bulbs in 2019, which offer a hub-free smart lighting alternative that can subsequently be expanded to a whole-home wireless mesh network.

802.15.4 Chipset market Segment Analysis - By Application

The increased usage of the 802.15.4 chipset in smart lighting has resulted in increased market demand for wireless smart lighting platforms. In 2019, Apple, Google, Amazon, and the Zigbee Alliance formed a new working group called "Project Connected Home over IP" to develop a new smart home standard were they to simplify development for producers while increasing customer compatibility. Being a developing 802.15.4 mesh network protocol based on 802.15.4g/e Wi-SUN is driving market demand as it provides end-to-end IP addressability, extended network range, robust security, and scalability. Moreover, device manufacturers and service providers benefit greatly from multi-mode 802.15.4 chips because they can focus on applications rather than networking. The Smart lighting is a rapidly growing application that brings efficient LEDs with customizable features together with low rate wireless personal area networks

802.15.4 Chipset market Segment Analysis – By Geography

APAC region is estimated to account for the largest share 30.85% of the 802.15.4 Chipset market in 2020 due to the expanding trend of smart-cities and home automation in the region. Thus, due to such expanding trends, it is estimated to propel the demand for 802.15.4 based chipsets in the countries such as China, India, Japan, and Korea. In 2020, Wi-SUN technology was aimed to be embedded in up to 66 million electricity metres in Japan that are linked to home energy management systems. In India as per latest update of 2021, ? 182,696 Cr. has been tendered for making smart cities and this Smart Cities Mission is to drive the 802.15.4 Chipset market share. The electronics industry in the region has been consistently innovating in rolling out the necessary components such as chipsets, modules, and others to meet the growing acceptability of IoT across various end-user levels, such as household, building, and industrial. As a result, to meet these requirements. 802.15.4 Chipsets accomplish this by utilising a low-data rate, which cuts power consumption significantly and thus propelling the 802.15.4 Chipset market.

802.15.4 Chipset market Segment Analysis Drivers

Rising usage of 802.15.4 Chipset with Zig Bee communication technology

802.15.4 Chipsets, in conjunction with Zig Bee communication, are meant to assure power conservation and minimal latency via guaranteed time slots. Among various communication protocols, ZigBee is one of the most utilised IEEE 802.15.4 technologies, accounting for the majority of the market share. In comparison to Bluetooth networks, which have a limited range, Zigbee networks support devices with a greater range and a greater number of devices and it has instantaneous network joining time of 30 milliseconds which makes it more appropriate for sensitive applications and this factor is estimated to drive the market. Furthermore, rising sales of 802.15.4 chipsets, particularly in connected lighting, smart meters, climate control, and comfort automation, are expected to fuel market demand. In 2020, NXP Semiconductors NV has unveiled the JN5189 and JN5188 IEEE 802.15.4 wireless microcontrollers, which are designed to provide ultra-low power connected intelligence for Zigbee 3.0 and Thread applications.

Growing Establishments for smart cities

The 802.15.4 chipset market is driven mainly by an increase in smart city establishments around the world. Smart cities benefit from smart lighting, environmental sensors, and other cost-cutting features owing to the deployment of these chipsets. 802.15.4 provides the basic tools that ensure standards based, reliable, robust communications under most conditions Moreover the development of media access control for compatible smart city networking systems by major players such as CIMCON, CyanConnode, DimOnOff, Honeywell, Huawei, Landis+Gyr, Trilliant, and others is boosting market demand.

802.15.4 Chipset market Segment Analysis - Challenges

Chip Error in IEEE 802.15.4

Sensor measurement error, computational model error, and software faults are all examples of issues that could potentially cause uncertainty with various properties in 802.15.4 for Cyber-Physical Systems. Moreover, due to complicated channel conditions such as attenuation and interference, the broadcast PN-Code is frequently received with some PN-Code chips distorted in these chipsets. Furthermore, there are several challenges placed by the disposition of sensor networks, which are segment of those that are initiated in wireless sensor networks systems.

802.15.4 Chipset market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the 802.15.4 Chipset market. The market of 802.15.4 Chipset industry has the major players as – NXP Semiconductors NV, ON Semiconductor Corporation, Silicon Laboratories Inc, Panasonic Corporation, STMicroelectronics NV, Qualcomm Inc., Marvell International Ltd, Qorvo Inc., Microchip Technology Inc., Texas Instruments. Inc.

Acquisitions/Technology Launches

• In February 2020 NXP Semiconductors NV designed the JN5189 and JN5188 IEEE 802.15.4 wireless microcontrollers to provide ultra-low-power networked intelligence for Zigbee 3.0 and Thread applications.
• In December 2020 Laird Connectivity, a global pioneer in wireless technology has introduced the new BL5340 series of Bluetooth 5.2 and 802.15.4 modules. It aims to targets high performance application areas such as industrial automation, asset tracking, smart building, and secure medical peripherals. 

Relevant Report Titles: 802.15.4 Chipset market:

V2X Chipset Market – Forecast (2021 - 2026).
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5g Chipset Market – Forecast (2021 - 2026)
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