Low Power Wide Area Network

Low Power Wide Area Network

Global Low Power Wide Area Network Market to Reach US$242.1 Billion by 2030

The global market for Low Power Wide Area Network estimated at US$11.6 Billion in the year 2023, is expected to reach US$242.1 Billion by 2030, growing at a CAGR of 54.3% over the analysis period 2023-2030. LoRaWAN, one of the segments analyzed in the report, is expected to record a 54.1% CAGR and reach US$114.4 Billion by the end of the analysis period. Growth in the NB-IoT segment is estimated at 58.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 51.4% CAGR

The Low Power Wide Area Network market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.3 Billion by the year 2030 trailing a CAGR of 51.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 49.3% and 46.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 37.1% CAGR.

Global Low Power Wide Area Network Market - Key Trends & Drivers Summarized

Low Power Wide Area Network (LPWAN) is a type of wireless telecommunication network designed to allow long-range communications at a low bit rate among connected devices, such as sensors and actuators. This technology is particularly well-suited for Internet of Things (IoT) applications, where small amounts of data need to be transmitted over long distances while maintaining minimal power consumption. LPWANs operate in the sub-gigahertz frequency bands and support devices that are battery-operated and need to last for several years without maintenance. Technologies that fall under the LPWAN category include LoRa (Long Range), Sigfox, and NB-IoT (Narrowband IoT), each offering unique advantages in terms of coverage, power efficiency, and cost.

The adoption of LPWAN technology has been driven by its suitability for various IoT applications across industries such as agriculture, smart cities, logistics, and utilities. In agriculture, LPWAN enables the monitoring of soil moisture levels, weather conditions, and livestock health, helping farmers to make data-driven decisions. Smart city applications utilize LPWAN for managing street lighting, waste collection, and environmental monitoring, thereby improving urban efficiency and sustainability. In logistics, LPWAN facilitates asset tracking and fleet management, providing real-time data that enhances operational efficiency. The utilities sector benefits from LPWAN through smart metering and grid management, allowing for more accurate and efficient energy distribution. The ability of LPWAN to provide extensive coverage and reliable connectivity at a low cost makes it an attractive option for deploying large-scale IoT networks.

The growth in the LPWAN market is driven by several factors. The increasing adoption of IoT across various sectors is a primary driver, as LPWAN provides the necessary infrastructure for connecting a multitude of devices over large areas. Advances in LPWAN technologies, such as the development of more efficient communication protocols and improved hardware, have enhanced the performance and reliability of these networks, further encouraging their deployment. The growing need for low-cost, low-power solutions for long-range connectivity in rural and remote areas has also spurred market growth. Additionally, supportive government policies and initiatives aimed at promoting smart infrastructure and IoT adoption have accelerated the expansion of LPWAN networks. The rising awareness of the benefits of LPWAN in enabling scalable and sustainable IoT solutions, combined with ongoing technological innovations, is ensuring robust growth in the LPWAN market, solidifying its role as a foundational technology for the IoT ecosystem.

Select Competitors (Total 60 Featured) -

• Huawei Technologies Co., Ltd.
• AT&T, Inc.
• Avnet, Inc.
• Ingenu, Inc.
• Actility
• ARISTOTLE Design
• EasyLinkin
• eleven-x
• IoT-Shops.com
• IoTize SAS
• Citility
• Eden Worth Pty Ltd
• ffly4u
• IoT Venture
• Danalto

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.