North America LoRa and LoRaWAN IoT Market Size, Share & Industry Trends Analysis Report

North America LoRa and LoRaWAN IoT Market Size, Share & Industry Trends Analysis Report By End User, By Component (Hardware, Platform and Services), By Application, By Country and Growth Forecast, 2023 - 2030


The North America LoRa and LoRaWAN IoT Market would witness market growth of 35.1% CAGR during the forecast period (2023-2030).

LoRa and LoRaWAN are low-power wide-area network (LPWAN) wireless communication network protocols and actors that operate in the unlicensed spectrum. Rising government expenditures and initiatives to establish LoRa and LoRaWAN IoT developments are the primary factor propelling the market's expansion. Governments have initiated smart city initiatives to improve urban infrastructure and services. LoRa and LoRaWAN technologies offer a cost-effective and scalable solution for various smart city applications, including waste management, smart lighting, parking, and environmental monitoring, fueling the market growth.

Long-range wireless communication is made possible by LoRa, which enables electronic devices to send data over distances of up to 10 kilometers in rural areas and several kilometers in urban areas. Applications that require vast coverage including smart cities, agricultural monitoring, and industrial monitoring are the ones that stand to benefit the most from this extended range. IoT devices can have longer battery lives since LoRa devices are built to consume less power than other similar technologies. To accomplish this low level of power consumption, business use modulation techniques that have been thoroughly optimized, as well as efficient utilization of the radio spectrum. It makes it possible to install Internet of Things systems in areas that are hard to reach or inaccessible and with power sources that are either limited or prohibitive.

The region has witnessed an increase in government incentives for using innovative agricultural technologies and infrastructure improvement. The National Institute of Food and Agriculture (NIFA), a branch of the "United States Department of Agriculture," implements geospatial, sensor, and precision technology projects to educate farmers. Additionally, NIFA collaborates with Land-Grand institutions to assist farmers in developing robust sensors, software, and tools for modeling, monitoring, and evaluating a vast array of complex biological materials and processes. Thus, the increasing use of high-tech technology and the growing popularity and support of the LoRa and LoRaWAN IoT in the agriculture sector to improve agricultural outcomes while taking fewer resources will contribute to the growth of the regional market.

The US market dominated the North America LoRa and LoRaWAN IoT Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,935 million by 2030. The Canada market is anticipated to grow at a CAGR of 38.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 37% during (2023 - 2030).

Based on End User, the market is segmented into Manufacturing, Retail, Transportation & Logistics, Energy & Utilities, Government & Public, Safety, Enterprise, Healthcare, Agriculture, Residential, Travel & Hospitality and Others. Based on Component, the market is segmented into Hardware, Platform and Services. Based on Application, the market is segmented into Industrial IoT, Smart Agriculture & Livestock Management, Smart Buildings, Smart Cities, Smart Healthcare, Asset Tracking and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advantech Co., Ltd., NEC Corporation, Tata communications limited (Tata Group), Nwave Technologies, Inc., Semtech Corporation, Orange S.A., Bosch Sensortec GmbH (Robert Bosch GmbH), Amazon Web Services, Inc. (Amazon.com, Inc.), Datacake GmbH, and RAKwireless Technology Limited.

Scope of the Study

Market Segments covered in the Report:

By End User
  • Manufacturing
  • Retail
  • Transportation & Logistics
  • Energy & Utilities
  • Government & Public Safety
  • Enterprise
  • Healthcare
  • Agriculture
  • Residential
  • Travel & Hospitality
  • Others
By Component
  • Hardware
  • Platform
  • Services
By Application
  • Industrial IoT
  • Smart Agriculture & Livestock Management
  • Smart Buildings
  • Smart Cities
  • Smart Healthcare
  • Asset Tracking
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Advantech Co., Ltd.
  • NEC Corporation
  • Tata communications limited (Tata Group)
  • Nwave Technologies, Inc.
  • Semtech Corporation
  • Orange S.A.
  • Bosch Sensortec GmbH (Robert Bosch GmbH)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Datacake GmbH
  • RAKwireless Technology Limited
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America LoRa and LoRaWAN IoT Market, by End User
1.4.2 North America LoRa and LoRaWAN IoT Market, by Component
1.4.3 North America LoRa and LoRaWAN IoT Market, by Application
1.4.4 North America LoRa and LoRaWAN IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Jun – 2023, May) Leading Players
Chapter 4. North America LoRa and LoRaWAN IoT Market by End User
4.1 North America Manufacturing Market by Country
4.2 North America Retail Market by Country
4.3 North America Transportation & Logistics Market by Country
4.4 North America Energy & Utilities Market by Country
4.5 North America Government & Public Safety Market by Country
4.6 North America Enterprise Market by Country
4.7 North America Healthcare Market by Country
4.8 North America Agriculture Market by Country
4.9 North America Residential Market by Country
4.1 North America Travel & Hospitality Market by Country
4.11 North America Others Market by Country
Chapter 5. North America LoRa and LoRaWAN IoT Market by Component
5.1 North America Hardware Market by Country
5.2 North America Platform Market by Country
5.3 North America Services Market by Country
Chapter 6. North America LoRa and LoRaWAN IoT Market by Application
6.1 North America Industrial IoT Market by Country
6.2 North America Smart Agriculture & Livestock Management Market by Country
6.3 North America Smart Buildings Market by Country
6.4 North America Smart Cities Market by Country
6.5 North America Smart Healthcare Market by Country
6.6 North America Asset Tracking Market by Country
6.7 North America Others Market by Country
Chapter 7. North America LoRa and LoRaWAN IoT Market by Country
7.1 US LoRa and LoRaWAN IoT Market
7.1.1 US LoRa and LoRaWAN IoT Market by End User
7.1.2 US LoRa and LoRaWAN IoT Market by Component
7.1.3 US LoRa and LoRaWAN IoT Market by Application
7.2 Canada LoRa and LoRaWAN IoT Market
7.2.1 Canada LoRa and LoRaWAN IoT Market by End User
7.2.2 Canada LoRa and LoRaWAN IoT Market by Component
7.2.3 Canada LoRa and LoRaWAN IoT Market by Application
7.3 Mexico LoRa and LoRaWAN IoT Market
7.3.1 Mexico LoRa and LoRaWAN IoT Market by End User
7.3.2 Mexico LoRa and LoRaWAN IoT Market by Component
7.3.3 Mexico LoRa and LoRaWAN IoT Market by Application
7.4 Rest of North America LoRa and LoRaWAN IoT Market
7.4.1 Rest of North America LoRa and LoRaWAN IoT Market by End User
7.4.2 Rest of North America LoRa and LoRaWAN IoT Market by Component
7.4.3 Rest of North America LoRa and LoRaWAN IoT Market by Application
Chapter 8. Company Profiles
8.1 Orange S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.5 SWOT Analysis
8.2 Bosch Sensortec GmbH (Robert Bosch GmbH)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Product Launches and Product Expansions:
8.3.5 SWOT Analysis
8.4 NEC Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Advantech Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 Semtech Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Product development and engineering expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Mergers & Acquisitions:
8.7 Tata Communications Limited (Tata Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 Nwave Technologies, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Datacake GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. RAKwireless Technology Limited
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:

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