Research and Markets has announced the addition of the “Global ZigBee STB Market 2015-2019” report to their offering: the global ZigBee STB market to grow at a CAGR of 20.89% over the period 2014-2019.
ZigBee STBs are equipped with ZigBee RF4CE standard chip, which is used as a replacement for IR technology in remote controls. With the development of multi-protocol ICs, ZigBee technology is also set to allow STBs to become the centerpiece of smart homes. This technology enables advanced remote control functionalities, such as gesture, motion, and touch control, and removes line-of-sight limitations.
The global ZigBee STB market is expected to witness significant growth because of some trends that are expected to exert a positive influence on the market during the forecast period. One such trend is the bundled services offered by service providers such as Comcast and Verizon, wherein, along with entertainment content, they provide home surveillance and security support.
According to the report, one of the major drivers in this market is the low power consumption capability of ZigBee devices. These devices are known for their extended battery life and power saving. ZigBee-enabled devices can automatically enter into power saving mode.
The report covers the present scenario and the growth prospects of the global ZigBee STB market for the period 2015-2019. To calculate the market size, the report considers the unit of shipment of ZigBee STBs. Further, lack of awareness about the technology among consumers will hinder the growth of the market.
Source: Research and Markets