802.15.4 Chipset Demand by Country
The global 802.15.4 chipset market is projected to grow at a 6.6% CAGR, expanding from US$34.27 billion in 2024 to US$53.61 billion by 2031. The market, which began with the release of the IEEE 802.15.4 standard in 2003, caters to Low-Rate Wireless Personal Area Networks (LR-WPANs), offering low power consumption and short-range wireless communication. Initially driven by technologies like Zigbee and Wireless Sensor Networks (WSNs), the market has matured with increased competition and a wider range of chipsets from key players like Texas Instruments, Freescale Semiconductor (now NXP), and STMicroelectronics.