LoRa and LoRaWAN loT Market

LoRa and LoRaWAN loT Market Size, Share, Growth Analysis, By Region:(North America, United States (US)) - Industry Forecast 2024-2031

Report ID: UCMIG45A2108 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

LoRa and LoRaWAN loT Market Insights

Market Overview:

The LoRa and LoRaWAN IoT market is anticipated to reach USD 25.5 billion by 2028, at a CAGR of 35.3% from 2023 to 2028, from an estimated USD 5.6 billion in 2023. Market Growth Drivers include increasing demand for low-power, long-distance wide area network connectivity

LoRa and LoRaWAN loT Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Software & Services by segment aggregation, the contribution of the Internet Software & Services in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The LoRa and LoRaWAN loT Market is segmented by Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

LoRa and LoRaWAN loT Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Region: the market is segmented as, North America, United States (US), Canada, Europe, United Kingdom (UK), Germany, France, Italy, Spain, Nordics, Rest of Europe, Asia Pacific, China, Japan, India, Australia and New Zealand, South Korea, Southeast Asia, Rest of Asia Pacific, Middle East and Africa, Middle East, KSA, UAE, Rest of Middle East, Africa, Latin America, Brazil, Mexico, Rest of Latin America, KEY MARKET PLAYERS, Cisco, NEC Corporation, Tata Communications, Semtech, Orange SA, Advantech, Comcast, AWS, Bosch, Murata, Laird Connectivity, Kerlink, Senet, Actility, Sensoterra, DIGI International, Nwave Technologies, RAKwireless, thethings.io, Datacake, MultiTech, Milesight, LORAIOT, Exosite

Regional Analysis:

LoRa and LoRaWAN loT Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

LoRa and LoRaWAN loT Market Attractiveness Analysis, By Region 2020-2028
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LoRa and LoRaWAN loT Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on LoRa and LoRaWAN loT Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect LoRa and LoRaWAN loT Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key LoRa and LoRaWAN loT Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the LoRa and LoRaWAN loT Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • d LoRaWAN IoT market is estimated at USD 5.6 billion in 2023 and is projected to reach USD 25.5 billion by 2028, at a CAGR of 35.3% from 2023 to 2028. The primary factor driving the growth of the LoRa and LoRaWAN IoT market is the increasing government spending and initiatives to establish LoRa and LoRaWAN IoT developments. Governments around the world have launched smart city programs to enhance urban infrastructure and services LoRa and LoRaWAN technologies provide a cost-effective and scalable solution for various smart city applications, such as smart lighting, waste management, parking, and environmental monitoring, driving the growth of the LoRa and LoRaWAN IoT market.
  • Driver: Rising demand for low-power, long-range wide area network connectivity
  • Owing to the growth of IoT and the need for cost-effective and scalable solutions, there has been a rising demand for low-power, low-range, wide-area network connectivity. This demand is driven by the need for efficient and reliable communication between devices and the cloud, especially in agriculture, logistics, smart cities, and industrial automation. Low-power, low-range, wide-area network connectivity enables the deployment of large-scale IoT networks while conserving battery life and reducing costs. As a result, several wireless technologies, including LoRaWAN, Sigfox, and NB-IoT, have emerged to meet this demand. Many IoT devices are battery-powered and need to conserve power to ensure long battery life. Low-power, low-range, wide-area network connectivity solutions enable devices to communicate over long distances while preserving battery life, making them ideal for battery-powered IoT applications. These solutions enable large-scale IoT deployments in various industries, enabling businesses to improve efficiency, reduce costs, and enhance the customer experience.
  • Restraint: Data security and privacy concerns
  • In today’s world, IoT has become a primary target for cybercriminals, hence security plays a central role in keeping everything in order. The repetitive security incidents on IoT devices represent a rising trend for IoT attacks. As more users become aware of data privacy, data security is becoming a serious concern for every communication protocol. Some of the LoRaWAN IoT devices use easily guessable encryption keys. This makes the network vulnerable to multiple DoS attacks, interception, and data misplacement. The new protocols can be built using a more complex encryption path. Still, companies already operating on LoRaWAN’s older legacy cannot update to the new one due to the network’s limitations. Furthermore, companies don’t have the right capabilities to detect these incidents, making them susceptible to failure and being hacked.
  • Opportunity: Increase in smart city initiatives worldwide
  • The increasing use of LoRaWAN technology is contributing to the growth of smart city initiatives by providing connectivity, scalability, cost-effectiveness, real-time data insights, and environmental sustainability. LoRaWAN is ideal for connecting a wide range of IoT devices and sensors over a large area, providing better coverage and insights for smart city applications. The data insights provided by LoRaWAN can be used to make informed decisions and improve city services. Additionally, LoRaWAN contributes to environmental sustainability by providing efficient energy consumption and reducing carbon footprint.
  • Governments worldwide are increasingly investing in smart city initiatives that leverage LoRaWAN IoT to improve the quality of life for citizens and make cities more sustainable and efficient.
  • Challenge: Lack of governance
  • The lack of governance in LoRaWAN IoT refers to issues related to regulating and standardizing LoRaWAN networks and devices. There are no universal standards for LoRaWAN devices and networks, leading to interoperability issues. Different LoRaWAN networks may use different frequencies, data rates, and protocols, making it difficult for devices to communicate with each other. This creates challenges for IoT application development, deployment, and management. LoRaWAN devices and networks are open to security vulnerabilities, such as unauthorized access and data breaches. The lack of standardization and regulation in LoRaWAN IoT can make it difficult to enforce security measures, leaving devices and networks vulnerable to attacks.
  • LoRa and LoRaWAN IoT Market Ecosystem
  • The LoRA and LoRaWAN IoT market comprises several hardware manufacturers, network server providers, service providers, system integrators, platform providers, and end users working together to deliver LoRA and LoRaWAN IoT solutions for large-scale IoT deployments.
  • By end users, the manufacturing segment to hold the largest market size during the forecast period
  • Manufacturing industries increasingly adopt LoRa and LoRaWAN IoT technologies to transform operations and optimize production processes. These technologies enable real-time machine monitoring, asset tracking, and the creation of smart environments. Manufacturers can minimize downtime, improve inventory management, and achieve energy efficiency by leveraging LoRa and LoRaWAN capabilities. These technologies drive productivity, streamline operations, and foster innovation in the manufacturing sector.
  • By hardware, the connectivity modules segment is expected to register the fastest growth rate during the forecast period.
  • Connectivity Modules act as the building blocks of LoRaWAN devices. Connectivity modules help developers to add LoRaWAN connectivity to their devices easily. This reduces the time and effort required to integrate wireless communication capabilities. They also ensure interoperability between different devices and network providers, as modules from different vendors are designed to be compatible with each other. Several companies offering LoRaWAN connectivity modules include Semtech, STMicroelectronics, Murata, and Laird Connectivity.
  • North America is expected to hold the largest market size during the forecast period.
  • North America, one of the most technologically advanced regions, has frequently set the pace for global IoT growth. In North America, LoRa and LoRaWAN IoT technology has gained significant traction, with numerous deployments across various industries. As of September 2021, the LoRa Alliance reported over 160 LoRaWAN network operators in the region, indicating a robust and growing ecosystem. One notable application area is in smart cities, where LoRaWAN has been employed in cities such as San Diego, Seattle, and Philadelphia to enable smart lighting, parking management, waste management, and environmental monitoring systems. The frequency range designated to LoRa Technology in the US, Canada and Latin America is 902 to 928 MHz, known as the 915 MHz frequency band.
  • Recent Developments
  • In January 2023, Sierra Wireless and Orange entered a partnership to provide enhanced connectivity to its users and bolster Smart Connectivity services.
  • In January 2023, Comcast and Toto deployed its Machine Q platform to install IOT products in smart restroom across high-traffic public restroom.
  • In November 2022, Semtech entered a strategic agreement with Amazon Web Services (AWS) to license its LoRa Cloud global navigation satellite system (GNSS) geolocation services.
  • KEY MARKET SEGMENTS
  • Based on Offering:
  • Hardware
  • System on Chip
  • Connectivity Modules
  • Networking Gateways
  • Platforms
  • Services
  • Professional Services
  • Consulting
  • Deployment and Integration
  • Support and Maintenance
  • Managed Services
  • Based on Application:
  • Asset Tracking
  • Industrial IoT
  • Smart Cities
  • Smart Agriculture and Livestock Management
  • Smart Buildings
  • Smart Healthcare
  • Other Applications
  • Based on End User:
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Agriculture
  • Healthcare
  • Energy & Utilities
  • Government & Public Safety
  • Enterprise
  • Residential
  • Travel & Hospitality
  • Other End Users
  • By Region:
  • North America
  • United States (US)
  • Canada
  • Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Italy
  • Spain
  • Nordics
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia and New Zealand
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Middle East and Africa
  • Middle East
  • KSA
  • UAE
  • Rest of Middle East
  • Africa
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • KEY MARKET PLAYERS
  • Cisco
  • NEC Corporation
  • Tata Communications
  • Semtech
  • Orange SA
  • Advantech
  • Comcast
  • AWS
  • Bosch
  • Murata
  • Laird Connectivity
  • Kerlink
  • Senet
  • Actility
  • Sensoterra
  • DIGI International
  • Nwave Technologies
  • RAKwireless
  • thethings.io
  • Datacake
  • MultiTech
  • Milesight
  • LORAIOT
  • Exosite
  • OrbiWise

SkyQuest's Expertise:

The LoRa and LoRaWAN loT Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region: - North America, United States (US), Canada, Europe, United Kingdom (UK), Germany, France, Italy, Spain, Nordics, Rest of Europe, Asia Pacific, China, Japan, India, Australia and New Zealand, South Korea, Southeast Asia, Rest of Asia Pacific, Middle East and Africa, Middle East, KSA, UAE, Rest of Middle East, Africa, Latin America, Brazil, Mexico, Rest of Latin America, KEY MARKET PLAYERS, Cisco, NEC Corporation, Tata Communications, Semtech, Orange SA, Advantech, Comcast, AWS, Bosch, Murata, Laird Connectivity, Kerlink, Senet, Actility, Sensoterra, DIGI International, Nwave Technologies, RAKwireless, thethings.io, Datacake, MultiTech, Milesight, LORAIOT, Exosite
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • d LoRaWAN IoT market is estimated at USD 5.6 billion in 2023 and is projected to reach USD 25.5 billion by 2028, at a CAGR of 35.3% from 2023 to 2028. The primary factor driving the growth of the LoRa and LoRaWAN IoT market is the increasing government spending and initiatives to establish LoRa and LoRaWAN IoT developments. Governments around the world have launched smart city programs to enhance urban infrastructure and services LoRa and LoRaWAN technologies provide a cost-effective and scalable solution for various smart city applications, such as smart lighting, waste management, parking, and environmental monitoring, driving the growth of the LoRa and LoRaWAN IoT market.
  • Driver: Rising demand for low-power, long-range wide area network connectivity
  • Owing to the growth of IoT and the need for cost-effective and scalable solutions, there has been a rising demand for low-power, low-range, wide-area network connectivity. This demand is driven by the need for efficient and reliable communication between devices and the cloud, especially in agriculture, logistics, smart cities, and industrial automation. Low-power, low-range, wide-area network connectivity enables the deployment of large-scale IoT networks while conserving battery life and reducing costs. As a result, several wireless technologies, including LoRaWAN, Sigfox, and NB-IoT, have emerged to meet this demand. Many IoT devices are battery-powered and need to conserve power to ensure long battery life. Low-power, low-range, wide-area network connectivity solutions enable devices to communicate over long distances while preserving battery life, making them ideal for battery-powered IoT applications. These solutions enable large-scale IoT deployments in various industries, enabling businesses to improve efficiency, reduce costs, and enhance the customer experience.
  • Restraint: Data security and privacy concerns
  • In today’s world, IoT has become a primary target for cybercriminals, hence security plays a central role in keeping everything in order. The repetitive security incidents on IoT devices represent a rising trend for IoT attacks. As more users become aware of data privacy, data security is becoming a serious concern for every communication protocol. Some of the LoRaWAN IoT devices use easily guessable encryption keys. This makes the network vulnerable to multiple DoS attacks, interception, and data misplacement. The new protocols can be built using a more complex encryption path. Still, companies already operating on LoRaWAN’s older legacy cannot update to the new one due to the network’s limitations. Furthermore, companies don’t have the right capabilities to detect these incidents, making them susceptible to failure and being hacked.
  • Opportunity: Increase in smart city initiatives worldwide
  • The increasing use of LoRaWAN technology is contributing to the growth of smart city initiatives by providing connectivity, scalability, cost-effectiveness, real-time data insights, and environmental sustainability. LoRaWAN is ideal for connecting a wide range of IoT devices and sensors over a large area, providing better coverage and insights for smart city applications. The data insights provided by LoRaWAN can be used to make informed decisions and improve city services. Additionally, LoRaWAN contributes to environmental sustainability by providing efficient energy consumption and reducing carbon footprint.
  • Governments worldwide are increasingly investing in smart city initiatives that leverage LoRaWAN IoT to improve the quality of life for citizens and make cities more sustainable and efficient.
  • Challenge: Lack of governance
  • The lack of governance in LoRaWAN IoT refers to issues related to regulating and standardizing LoRaWAN networks and devices. There are no universal standards for LoRaWAN devices and networks, leading to interoperability issues. Different LoRaWAN networks may use different frequencies, data rates, and protocols, making it difficult for devices to communicate with each other. This creates challenges for IoT application development, deployment, and management. LoRaWAN devices and networks are open to security vulnerabilities, such as unauthorized access and data breaches. The lack of standardization and regulation in LoRaWAN IoT can make it difficult to enforce security measures, leaving devices and networks vulnerable to attacks.
  • LoRa and LoRaWAN IoT Market Ecosystem
  • The LoRA and LoRaWAN IoT market comprises several hardware manufacturers, network server providers, service providers, system integrators, platform providers, and end users working together to deliver LoRA and LoRaWAN IoT solutions for large-scale IoT deployments.
  • By end users, the manufacturing segment to hold the largest market size during the forecast period
  • Manufacturing industries increasingly adopt LoRa and LoRaWAN IoT technologies to transform operations and optimize production processes. These technologies enable real-time machine monitoring, asset tracking, and the creation of smart environments. Manufacturers can minimize downtime, improve inventory management, and achieve energy efficiency by leveraging LoRa and LoRaWAN capabilities. These technologies drive productivity, streamline operations, and foster innovation in the manufacturing sector.
  • By hardware, the connectivity modules segment is expected to register the fastest growth rate during the forecast period.
  • Connectivity Modules act as the building blocks of LoRaWAN devices. Connectivity modules help developers to add LoRaWAN connectivity to their devices easily. This reduces the time and effort required to integrate wireless communication capabilities. They also ensure interoperability between different devices and network providers, as modules from different vendors are designed to be compatible with each other. Several companies offering LoRaWAN connectivity modules include Semtech, STMicroelectronics, Murata, and Laird Connectivity.
  • North America is expected to hold the largest market size during the forecast period.
  • North America, one of the most technologically advanced regions, has frequently set the pace for global IoT growth. In North America, LoRa and LoRaWAN IoT technology has gained significant traction, with numerous deployments across various industries. As of September 2021, the LoRa Alliance reported over 160 LoRaWAN network operators in the region, indicating a robust and growing ecosystem. One notable application area is in smart cities, where LoRaWAN has been employed in cities such as San Diego, Seattle, and Philadelphia to enable smart lighting, parking management, waste management, and environmental monitoring systems. The frequency range designated to LoRa Technology in the US, Canada and Latin America is 902 to 928 MHz, known as the 915 MHz frequency band.
  • Recent Developments
  • In January 2023, Sierra Wireless and Orange entered a partnership to provide enhanced connectivity to its users and bolster Smart Connectivity services.
  • In January 2023, Comcast and Toto deployed its Machine Q platform to install IOT products in smart restroom across high-traffic public restroom.
  • In November 2022, Semtech entered a strategic agreement with Amazon Web Services (AWS) to license its LoRa Cloud global navigation satellite system (GNSS) geolocation services.
  • KEY MARKET SEGMENTS
  • Based on Offering:
  • Hardware
  • System on Chip
  • Connectivity Modules
  • Networking Gateways
  • Platforms
  • Services
  • Professional Services
  • Consulting
  • Deployment and Integration
  • Support and Maintenance
  • Managed Services
  • Based on Application:
  • Asset Tracking
  • Industrial IoT
  • Smart Cities
  • Smart Agriculture and Livestock Management
  • Smart Buildings
  • Smart Healthcare
  • Other Applications
  • Based on End User:
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Agriculture
  • Healthcare
  • Energy & Utilities
  • Government & Public Safety
  • Enterprise
  • Residential
  • Travel & Hospitality
  • Other End Users
  • By Region:
  • North America
  • United States (US)
  • Canada
  • Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Italy
  • Spain
  • Nordics
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia and New Zealand
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Middle East and Africa
  • Middle East
  • KSA
  • UAE
  • Rest of Middle East
  • Africa
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • KEY MARKET PLAYERS
  • Cisco
  • NEC Corporation
  • Tata Communications
  • Semtech
  • Orange SA
  • Advantech
  • Comcast
  • AWS
  • Bosch
  • Murata
  • Laird Connectivity
  • Kerlink
  • Senet
  • Actility
  • Sensoterra
  • DIGI International
  • Nwave Technologies
  • RAKwireless
  • thethings.io
  • Datacake
  • MultiTech
  • Milesight
  • LORAIOT
  • Exosite
  • OrbiWise
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on LoRa and LoRaWAN loT Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on LoRa and LoRaWAN loT Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • d LoRaWAN IoT market is estimated at USD 5.6 billion in 2023 and is projected to reach USD 25.5 billion by 2028, at a CAGR of 35.3% from 2023 to 2028. The primary factor driving the growth of the LoRa and LoRaWAN IoT market is the increasing government spending and initiatives to establish LoRa and LoRaWAN IoT developments. Governments around the world have launched smart city programs to enhance urban infrastructure and services LoRa and LoRaWAN technologies provide a cost-effective and scalable solution for various smart city applications, such as smart lighting, waste management, parking, and environmental monitoring, driving the growth of the LoRa and LoRaWAN IoT market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Rising demand for low-power, long-range wide area network connectivity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Owing to the growth of IoT and the need for cost-effective and scalable solutions, there has been a rising demand for low-power, low-range, wide-area network connectivity. This demand is driven by the need for efficient and reliable communication between devices and the cloud, especially in agriculture, logistics, smart cities, and industrial automation. Low-power, low-range, wide-area network connectivity enables the deployment of large-scale IoT networks while conserving battery life and reducing costs. As a result, several wireless technologies, including LoRaWAN, Sigfox, and NB-IoT, have emerged to meet this demand. Many IoT devices are battery-powered and need to conserve power to ensure long battery life. Low-power, low-range, wide-area network connectivity solutions enable devices to communicate over long distances while preserving battery life, making them ideal for battery-powered IoT applications. These solutions enable large-scale IoT deployments in various industries, enabling businesses to improve efficiency, reduce costs, and enhance the customer experience.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Data security and privacy concerns
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In today’s world, IoT has become a primary target for cybercriminals, hence security plays a central role in keeping everything in order. The repetitive security incidents on IoT devices represent a rising trend for IoT attacks. As more users become aware of data privacy, data security is becoming a serious concern for every communication protocol. Some of the LoRaWAN IoT devices use easily guessable encryption keys. This makes the network vulnerable to multiple DoS attacks, interception, and data misplacement. The new protocols can be built using a more complex encryption path. Still, companies already operating on LoRaWAN’s older legacy cannot update to the new one due to the network’s limitations. Furthermore, companies don’t have the right capabilities to detect these incidents, making them susceptible to failure and being hacked.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Increase in smart city initiatives worldwide
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The increasing use of LoRaWAN technology is contributing to the growth of smart city initiatives by providing connectivity, scalability, cost-effectiveness, real-time data insights, and environmental sustainability. LoRaWAN is ideal for connecting a wide range of IoT devices and sensors over a large area, providing better coverage and insights for smart city applications. The data insights provided by LoRaWAN can be used to make informed decisions and improve city services. Additionally, LoRaWAN contributes to environmental sustainability by providing efficient energy consumption and reducing carbon footprint.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Governments worldwide are increasingly investing in smart city initiatives that leverage LoRaWAN IoT to improve the quality of life for citizens and make cities more sustainable and efficient.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Lack of governance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The lack of governance in LoRaWAN IoT refers to issues related to regulating and standardizing LoRaWAN networks and devices. There are no universal standards for LoRaWAN devices and networks, leading to interoperability issues. Different LoRaWAN networks may use different frequencies, data rates, and protocols, making it difficult for devices to communicate with each other. This creates challenges for IoT application development, deployment, and management. LoRaWAN devices and networks are open to security vulnerabilities, such as unauthorized access and data breaches. The lack of standardization and regulation in LoRaWAN IoT can make it difficult to enforce security measures, leaving devices and networks vulnerable to attacks.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • LoRa and LoRaWAN IoT Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The LoRA and LoRaWAN IoT market comprises several hardware manufacturers, network server providers, service providers, system integrators, platform providers, and end users working together to deliver LoRA and LoRaWAN IoT solutions for large-scale IoT deployments.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By end users, the manufacturing segment to hold the largest market size during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing industries increasingly adopt LoRa and LoRaWAN IoT technologies to transform operations and optimize production processes. These technologies enable real-time machine monitoring, asset tracking, and the creation of smart environments. Manufacturers can minimize downtime, improve inventory management, and achieve energy efficiency by leveraging LoRa and LoRaWAN capabilities. These technologies drive productivity, streamline operations, and foster innovation in the manufacturing sector.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By hardware, the connectivity modules segment is expected to register the fastest growth rate during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Connectivity Modules act as the building blocks of LoRaWAN devices. Connectivity modules help developers to add LoRaWAN connectivity to their devices easily. This reduces the time and effort required to integrate wireless communication capabilities. They also ensure interoperability between different devices and network providers, as modules from different vendors are designed to be compatible with each other. Several companies offering LoRaWAN connectivity modules include Semtech, STMicroelectronics, Murata, and Laird Connectivity.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America is expected to hold the largest market size during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America, one of the most technologically advanced regions, has frequently set the pace for global IoT growth. In North America, LoRa and LoRaWAN IoT technology has gained significant traction, with numerous deployments across various industries. As of September 2021, the LoRa Alliance reported over 160 LoRaWAN network operators in the region, indicating a robust and growing ecosystem. One notable application area is in smart cities, where LoRaWAN has been employed in cities such as San Diego, Seattle, and Philadelphia to enable smart lighting, parking management, waste management, and environmental monitoring systems. The frequency range designated to LoRa Technology in the US, Canada and Latin America is 902 to 928 MHz, known as the 915 MHz frequency band.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, Sierra Wireless and Orange entered a partnership to provide enhanced connectivity to its users and bolster Smart Connectivity services.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, Comcast and Toto deployed its Machine Q platform to install IOT products in smart restroom across high-traffic public restroom.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In November 2022, Semtech entered a strategic agreement with Amazon Web Services (AWS) to license its LoRa Cloud global navigation satellite system (GNSS) geolocation services.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Offering:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hardware
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • System on Chip
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Connectivity Modules
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Networking Gateways
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Platforms
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Professional Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Consulting
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Deployment and Integration
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Support and Maintenance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Managed Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Application:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asset Tracking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial IoT
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Cities
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Agriculture and Livestock Management
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Buildings
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Other Applications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on End User:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Retail
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Transportation & Logistics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agriculture
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Energy & Utilities
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Government & Public Safety
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Enterprise
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Residential
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Travel & Hospitality
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Other End Users
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United States (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United Kingdom (UK)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Italy
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Spain
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nordics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Australia and New Zealand
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Southeast Asia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East and Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KSA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UAE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Middle East
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cisco
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NEC Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Tata Communications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Semtech
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Orange SA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Advantech
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Comcast
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AWS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bosch
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Murata
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Laird Connectivity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Kerlink
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Senet
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Actility
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sensoterra
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • DIGI International
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nwave Technologies
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • RAKwireless
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • thethings.io
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Datacake
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • MultiTech
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Milesight
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • LORAIOT
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Exosite
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OrbiWise
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the LoRa and LoRaWAN loT Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the LoRa and LoRaWAN loT Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the LoRa and LoRaWAN loT Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the LoRa and LoRaWAN loT Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for LoRa and LoRaWAN loT was estimated to be valued at US$ XX Mn in 2021.

The global LoRa and LoRaWAN loT Market is estimated to grow at a CAGR of XX% by 2028.

The global LoRa and LoRaWAN loT Market is segmented on the basis of Region:.

Based on region, the global LoRa and LoRaWAN loT Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global LoRa and LoRaWAN loT Market are d LoRaWAN IoT market is estimated at USD 5.6 billion in 2023 and is projected to reach USD 25.5 billion by 2028, at a CAGR of 35.3% from 2023 to 2028. The primary factor driving the growth of the LoRa and LoRaWAN IoT market is the increasing government spending and initiatives to establish LoRa and LoRaWAN IoT developments. Governments around the world have launched smart city programs to enhance urban infrastructure and services LoRa and LoRaWAN technologies provide a cost-effective and scalable solution for various smart city applications, such as smart lighting, waste management, parking, and environmental monitoring, driving the growth of the LoRa and LoRaWAN IoT market. , Driver: Rising demand for low-power, long-range wide area network connectivity , Owing to the growth of IoT and the need for cost-effective and scalable solutions, there has been a rising demand for low-power, low-range, wide-area network connectivity. This demand is driven by the need for efficient and reliable communication between devices and the cloud, especially in agriculture, logistics, smart cities, and industrial automation. Low-power, low-range, wide-area network connectivity enables the deployment of large-scale IoT networks while conserving battery life and reducing costs. As a result, several wireless technologies, including LoRaWAN, Sigfox, and NB-IoT, have emerged to meet this demand. Many IoT devices are battery-powered and need to conserve power to ensure long battery life. Low-power, low-range, wide-area network connectivity solutions enable devices to communicate over long distances while preserving battery life, making them ideal for battery-powered IoT applications. These solutions enable large-scale IoT deployments in various industries, enabling businesses to improve efficiency, reduce costs, and enhance the customer experience. , Restraint: Data security and privacy concerns , In today’s world, IoT has become a primary target for cybercriminals, hence security plays a central role in keeping everything in order. The repetitive security incidents on IoT devices represent a rising trend for IoT attacks. As more users become aware of data privacy, data security is becoming a serious concern for every communication protocol. Some of the LoRaWAN IoT devices use easily guessable encryption keys. This makes the network vulnerable to multiple DoS attacks, interception, and data misplacement. The new protocols can be built using a more complex encryption path. Still, companies already operating on LoRaWAN’s older legacy cannot update to the new one due to the network’s limitations. Furthermore, companies don’t have the right capabilities to detect these incidents, making them susceptible to failure and being hacked. , Opportunity: Increase in smart city initiatives worldwide , The increasing use of LoRaWAN technology is contributing to the growth of smart city initiatives by providing connectivity, scalability, cost-effectiveness, real-time data insights, and environmental sustainability. LoRaWAN is ideal for connecting a wide range of IoT devices and sensors over a large area, providing better coverage and insights for smart city applications. The data insights provided by LoRaWAN can be used to make informed decisions and improve city services. Additionally, LoRaWAN contributes to environmental sustainability by providing efficient energy consumption and reducing carbon footprint. , Governments worldwide are increasingly investing in smart city initiatives that leverage LoRaWAN IoT to improve the quality of life for citizens and make cities more sustainable and efficient. , Challenge: Lack of governance , The lack of governance in LoRaWAN IoT refers to issues related to regulating and standardizing LoRaWAN networks and devices. There are no universal standards for LoRaWAN devices and networks, leading to interoperability issues. Different LoRaWAN networks may use different frequencies, data rates, and protocols, making it difficult for devices to communicate with each other. This creates challenges for IoT application development, deployment, and management. LoRaWAN devices and networks are open to security vulnerabilities, such as unauthorized access and data breaches. The lack of standardization and regulation in LoRaWAN IoT can make it difficult to enforce security measures, leaving devices and networks vulnerable to attacks. , LoRa and LoRaWAN IoT Market Ecosystem , The LoRA and LoRaWAN IoT market comprises several hardware manufacturers, network server providers, service providers, system integrators, platform providers, and end users working together to deliver LoRA and LoRaWAN IoT solutions for large-scale IoT deployments. , By end users, the manufacturing segment to hold the largest market size during the forecast period , Manufacturing industries increasingly adopt LoRa and LoRaWAN IoT technologies to transform operations and optimize production processes. These technologies enable real-time machine monitoring, asset tracking, and the creation of smart environments. Manufacturers can minimize downtime, improve inventory management, and achieve energy efficiency by leveraging LoRa and LoRaWAN capabilities. These technologies drive productivity, streamline operations, and foster innovation in the manufacturing sector. , By hardware, the connectivity modules segment is expected to register the fastest growth rate during the forecast period. , Connectivity Modules act as the building blocks of LoRaWAN devices. Connectivity modules help developers to add LoRaWAN connectivity to their devices easily. This reduces the time and effort required to integrate wireless communication capabilities. They also ensure interoperability between different devices and network providers, as modules from different vendors are designed to be compatible with each other. Several companies offering LoRaWAN connectivity modules include Semtech, STMicroelectronics, Murata, and Laird Connectivity. , North America is expected to hold the largest market size during the forecast period. , North America, one of the most technologically advanced regions, has frequently set the pace for global IoT growth. In North America, LoRa and LoRaWAN IoT technology has gained significant traction, with numerous deployments across various industries. As of September 2021, the LoRa Alliance reported over 160 LoRaWAN network operators in the region, indicating a robust and growing ecosystem. One notable application area is in smart cities, where LoRaWAN has been employed in cities such as San Diego, Seattle, and Philadelphia to enable smart lighting, parking management, waste management, and environmental monitoring systems. The frequency range designated to LoRa Technology in the US, Canada and Latin America is 902 to 928 MHz, known as the 915 MHz frequency band. , Recent Developments , In January 2023, Sierra Wireless and Orange entered a partnership to provide enhanced connectivity to its users and bolster Smart Connectivity services. , In January 2023, Comcast and Toto deployed its Machine Q platform to install IOT products in smart restroom across high-traffic public restroom. , In November 2022, Semtech entered a strategic agreement with Amazon Web Services (AWS) to license its LoRa Cloud global navigation satellite system (GNSS) geolocation services. , KEY MARKET SEGMENTS, Based on Offering: , Hardware , System on Chip , Connectivity Modules , Networking Gateways , Platforms , Services , Professional Services , Consulting , Deployment and Integration , Support and Maintenance , Managed Services , Based on Application: , Asset Tracking , Industrial IoT , Smart Cities , Smart Agriculture and Livestock Management , Smart Buildings , Smart Healthcare , Other Applications , Based on End User: , Retail , Manufacturing , Transportation & Logistics , Agriculture , Healthcare , Energy & Utilities , Government & Public Safety , Enterprise , Residential , Travel & Hospitality , Other End Users , By Region: , North America , United States (US) , Canada , Europe , United Kingdom (UK) , Germany , France , Italy , Spain , Nordics , Rest of Europe , Asia Pacific , China , Japan , India , Australia and New Zealand , South Korea , Southeast Asia , Rest of Asia Pacific , Middle East and Africa , Middle East , KSA , UAE , Rest of Middle East , Africa , Latin America , Brazil , Mexico , Rest of Latin America , KEY MARKET PLAYERS , Cisco , NEC Corporation , Tata Communications , Semtech , Orange SA , Advantech , Comcast , AWS , Bosch , Murata , Laird Connectivity , Kerlink , Senet , Actility , Sensoterra , DIGI International , Nwave Technologies , RAKwireless , thethings.io , Datacake , MultiTech , Milesight , LORAIOT , Exosite , OrbiWise .

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