Global LoRa Gateway Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global LoRa Gateway Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

LoRa concentrator/gateways are intermediaries that allow sensing devices to transmit data to the cloud. Providing coverage in difficult-to-reach indoor locations, the long-range wireless picocell gateway is an IoT platform that accompanies the LoRaWAN® infrastructure for use in homes, businesses and buildings.
LoRa (Long Range) is a low-power wide-area network (LPWAN) protocol developed by Semtech. It is based on spread spectrum modulation techniques derived from chirp spread spectrum (CSS) technology.

Market Overview:

The latest research study on the global LoRa Gateway Module market finds that the global LoRa Gateway Module market reached a value of USD 430.68 million in 2022. It’s expected that the market will achieve USD 940.86 million by 2028, exhibiting a CAGR of 13.91% during the forecast period.

Influence of COVID-19 Outbreak on LoRa Gateway Module Industry Development

The influence of pneumonia epidemic in COVID-19 on LoRa Gateway Module industry involves all the main links and entities in the industrial chain. Under the epidemic situation, the company's management efficiency declined, commuting was seriously hindered, production plans were seriously hindered, network expansion and marketing were delayed, brands were forced to adjust, market sales declined, and the company and employees' income was damaged.
Pneumonia epidemic in COVID-19 has a great impact on the after-sales operation of LoRa Gateway Module industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

SWOT Analysis

Strength
Increasing penetration of IoT is boosting awareness about the advantages associated with the implementation of the same among end-users, which, as a result, is expected to positively impact the LoRa gateway module market.
The Internet of Things (IoT) is the network of physical objects ('Things') that use sensors to capture data and embedded connectivity to exchange information over the internet to drive new value creation. 'Things' can be computing devices, mechanical and digital machines, objects, animals or people. The anticipated benefits of IoT are widely touted. Therefore, the development of the IoT has promoted the sales growth of LoRa gateway as an intermediary of the IoT.

Smart City describes the use of information and communication technologies in urban infrastructures to improve the quality and performance of urban services in the supply, energy and transport sectors. The optimization thus benefits the citizens as well as the municipalities themselves. In order to enable the best possible networking of a city, the various applications must be networked together by IoT in order to ensure smooth processes.

According to United Nations estimates, nearly 70 percent of the world's population is expected to live in cities by 2050. Many municipalities are integrating low power wide area networks (LPWANs) to digitally transform its citywide infrastructures to make smarter decisions about services needed to effectively meet this urban influx. By deploying an Internet of Things (IoT) sensor network, cities can derive data-driven operational efficiencies that improve public services provided and enhance quality of life for citizens and visitors.

East Asia holds significant growth potential for the LoRa gateway module market. In 2017, the total number of IoT connections in the Asia Pacific was approximately 2.8Bn, and it is expected to reach 10.9Bn in 2025. The presence of various manufacturers of LoRa gateway modules, rapid digitalization, and the growth of smart devices are among the major factors contributing to the growth of the LoRa gateway module market in East Asia. Moreover, the region is also projected to surpass North America and is expected to become the largest market for LoRa gateway modules during the forecast period.

Weakness

High infrastructure cost and lack of infrastructure development is the major challenge for the growth of the LoRa gateway module market
The gateway is a go-between from the sensor to the server. The network server communicates with the gateway via the internet and tells it how to interact with the sensor. Therefore, the operation of the LoRa gateway depends on the mature operation of sensors and servers. The construction of sensors requires relatively high costs, such as telecommunication base stations. Whether the server can run smoothly depends on the communication speed, which has relatively high requirements for the construction of communication infrastructure.

Moreover, the requirement of high capital and skilled labor for the implementation of LoRa technology is restraining the growth of the LoRa gateway module market. The LoRa gateway is a type of chip. Chip manufacturing requires relatively high R&D costs and high-quality labor costs.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Murata Manufacturing Co., Microchip Technology Inc., Semtech Corporation, Multi-Tech Systems, Inc. and Laird Connectivity are the five key players in the global LoRa Gateway Module market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global LoRa Gateway Module market in the past 5 years.

Murata is a global leader in the design, manufacture and supply of advanced electronic materials, leading edge electronic components, and multi-functional, high-density modules. Murata innovations can be found in a wide range of applications from mobile phones to home appliances, and automotive applications to energy management systems and healthcare devices.

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.

Segmentation Overview:

By type, 915MHz segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Internet of Things segment occupied the biggest share from 2017 to 2022.

Key Companies in the global LoRa Gateway Module market covered in Chapter 3:

Guangdong Dapu Communication Technology Co., Ltd.
Shenzhen Rakwireless Technology Co., Ltd.
HOPE Microelectronics CO., Ltd.
Libelium Comunicaciones Distribuidas S.L
IMST GmbH
Embit s.r.l.
GlobalSat WorldCom Corporation
Semtech Corporation
Microchip Technology Inc.
Laird Connectivity
Nemeus
Multi-Tech Systems, Inc.
Murata Manufacturing Co.

In Chapter 4 and Chapter 14.2, on the basis of types, the LoRa Gateway Module market from 2018 to 2029 is primarily split into:

433MHz
470MHz
868MHz
915MHz
923MHz

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LoRa Gateway Module market from 2018 to 2029 covers:

Іntеrnеt оf Тhіngѕ
Аѕѕеt Тrасkіng
М2М Соmmunісаtіоn
Оthеrs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)