802.15.4 Chipset Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


802.15.4 Chipset Market Analysis:

1. The forecast period (2021–2026) is expected to witness a Compound Annual Growth Rate (CAGR) of 7% in the 802.15.4 chipset market. This market is driven by the IEEE’s 802.15.4 standard, which defines the MAC and physical layer of the network used by various networking specifications like Zigbee, 6LoWPAN, Thread, WiSUN, and MiWi protocols. The primary objective of this standard is to support low-cost and low-powered personal area networks.

2. The increasing adoption of the Internet of Things (IoT) in different sectors, including home and building automation and industrial applications, has led to continuous innovation in the electronics industry. Stakeholders are actively developing and introducing essential components such as chipsets and modules to meet the growing demand. The utilization of 802.15.4 chipsets plays a crucial role in reducing power consumption by employing a low-data rate approach.

3. The combination of 802.15.4 chipsets and ZigBee communication offers improved network routing schemes, ensuring power conservation and low latency through guaranteed time slots. Additionally, the implementation of a mesh network allows for uninterrupted communication even in the presence of a single point of failure. The market for 802.15.4-based chipsets is witnessing growth due to the increasing number of use cases in smart homes and other IoT products. However, the outbreak of COVID-19 has impacted manufacturing plants in the United States, China, and European countries, potentially leading to a shortage of 802.15.4 chipsets for manufacturers and retailers worldwide.

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