Low Power Wide Area Network

Global Low Power Wide Area Network Market to Reach US$273.1 Billion by 2030

The global market for Low Power Wide Area Network estimated at US$20.4 Billion in the year 2024, is expected to reach US$273.1 Billion by 2030, growing at a CAGR of 54.1% over the analysis period 2024-2030. LoRaWAN, one of the segments analyzed in the report, is expected to record a 53.9% CAGR and reach US$127.8 Billion by the end of the analysis period. Growth in the NB-IoT segment is estimated at 58.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.6 Billion While China is Forecast to Grow at 50.8% CAGR

The Low Power Wide Area Network market in the U.S. is estimated at US$5.6 Billion in the year 2024. 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 50.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 48.7% and 46.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 36.5% 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.

SCOPE OF STUDY:

The report analyzes the Low Power Wide Area Network market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (LoRaWAN, NB-IoT, LTE-M, Other Types); End-User (Oil & Gas End-User, Logistics & Transportation End-User, Consumer Electronics End-User, Manufacturing End-User, Agriculture End-User, Other End-Users)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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