Global Low Power Wide Area Network (LPWAN) Market Size study, by Connectivity Technology (Sigfox, LoRaWAN, Weightless, Others) By Technology Service (Professional Services, Managed Services) By Network Deployment (Private Sector, Public Sector) By Ap

Global Low Power Wide Area Network (LPWAN) Market Size study, by Connectivity Technology (Sigfox, LoRaWAN, Weightless, Others) By Technology Service (Professional Services, Managed Services) By Network Deployment (Private Sector, Public Sector) By Application ( Smart Waste Management, Smart Buildings, Smart Gas and Water Metering, Smart Parking, Smart Streetlight, Livestock Monitoring, Others) By Vertical (Agriculture, Smart Logistics and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics, Others) and Regional Analysis, 2022-2029

Global Low Power Wide Area Network (LPWAN) Market is valued at approximately USD 24.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 89.16% over the forecast period 2022-2029. LPWAN technology provides long-range connectivity that allows device mobility across significant geographical regions. In order to attain a link budget of 150 10 dB, LPWAN technology uses modulation techniques, allowing for long-distance connectivity of up to 10 kilometres in rural areas and a few kilometres in urban areas. Because of the sub-1GHz band's utilisation, there is long-distance communication. The majority of LPWANs deliver powerful and dependable communication at low power requirements by using the Sub-GHz band. The market growth is primarily driven by the factors such as surge in adoption of IoT and m2m application, low cost of technology, coupled with the rising demand for long range connectivity between devices are the prominent factors that are stipulating the market demand across the globe.

In addition, the rising penetration of IoT and M2M applications is further stipulating the market demand across the globe. For instance, in February 2018, the department of telecommunications (DoT) announced that they plan to release a policy document establishing criteria to allow the introduction of machine-to-machine (M2M) communication services in India, which will in turn help the roll-out of the Internet of Things. Moreover, in April 2018, Microsoft declared that the company intends to invest USD 5 billion in IoT in the next four years for supporting research and innovation in the IoT. Accordingly, such investments aid in increasing the adoption of M2M connections, which, in turn, augments market growth. Furthermore, the rising need for connectivity in large enterprises and SMEs, as well as emerging smart cities and smart buildings are presenting various lucrative prospects for market growth over the forecasting period of 2022-2029. However, the lack of government policies impedes the growth of the market over the forecast period.

The key regions considered for the Global Low Power Wide Area Network (LPWAN) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region across the world in terms of market share owing to the rise in the number of IoT applications and government initiatives for the development of LPWAN standards. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period. Factors such as rising IoT applications and efforts taken by government agencies for the development of communications infrastructure coupled with increasing adoption of M2M communication applications would create lucrative growth prospects for the Low power wide area network market across the Asia-Pacific region.

Major market player included in this report are:
Semtech Corporation
Loriot
Nwave Technologies
Sigfox
Waviot
Actility
Ingenu Inc.
Link Labs, Inc.
Weightless SIG
Senet, Inc.

Recent Developments in the Market:
 In January 2023, Skyworks and Semtech announced the introduction of SKY66423-SX1261 reference design for low-power wide-area networks (LPWAN) across industrial and smart city applications. The product combines Semtech’s LoRa Connect SX1261 transceiver with Skyworks’ SKY66423 front-end module (FEM).

Global Low Power Wide Area Network (LPWAN) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Connectivity Technology, Technology Service, Network Deployment, Application, Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Connectivity Technology:
Sigfox
LoRaWAN
Weightless
Others
By Technology Service:
Professional Services
Managed Services
By Network Deployment:
Private Sector
Public Sector
By Application:
Smart Waste Management
Smart Buildings
Smart Gas and Water Metering
Smart Parking
Smart Streetlight
Livestock Monitoring
Others
By Vertical:
Agriculture
Smart Logistics and Transportation
Healthcare
Industrial Manufacturing
Oil and Gas
Consumer Electronics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World


Companies Mentioned

Semtech Corporation
Loriot
Nwave Technologies
Sigfox
Waviot
Actility
Ingenu Inc.
Link Labs, Inc.
Weightless SIG
Senet, Inc.


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