LoRaWAN is a single to multipoint networking protocol that operates in LoRa modulation via encryption and identification along with a cloud component. Demand for low cost and power efficient technology in communication application always has a massive demand from past times and LoRaWAN in recent times provide an effective solution to it. LoRaWAN also allow to connect thousand of devices with the help of unorganised band and also provide various gateways and devices to create a public or private network.  The Manufacturing, electronics, agriculture, and utilities are the major end-use industries, where LoRaWAN technology is widely accepted in recent times.

The global LoRaWAN market was valued at $ 850.7 Million in 2019 and is anticipated to reach $ 10,396.4 Million in 2028 with a CAGR of 30.0% during the forecast period. The global LoRaWAN market is anticipating to experience a healthy growth owing to the demand for low power consumption wide area networks from various end-use industries in coming years. Besides to this, global LoRaWAN technology market has grown with the adaptation of Internet of Things (IoT) in various smart projects such as smart cities, smart homes, smart agricultural activities and among others across the developed and developing economies across the globe. The smart metering application of LoRaWAN technology captured the highest market share which is more than one third of the total market in 2019. Deployment of smart meters to read various automatic operations to provide efficiencies in various end use applications attributed the largest market for smart metering.

By end-use industry, utility segment of LoRaWAN market captured the largest market in 2019 and is anticipated to remain the largest till 2028 owning to digital transformation across various utility modules across the regions. In terms of region, Europe captured he highest market share in global LoRaWAN market in 2019 and anticipated to remain the largest till 2028. In Europe, France and U.K. accounted the largest market in Europe which is attributed to adaptation of smart agricultural practice to enhance productivity by better monitoring, manging and analysing the business activities.  Asia-Pacific LoRaWAN technology market is anticipated to grow with the highest CAGR during the forecast period, which is due to the growing numbers of smart cities along with the adaptation of smart agricultural practices. In terms of hardware, networking gateways segment of LoRaWAN technology market captured largest market share in 2019 and is anticipated to capture the largest market till 2028. The end-point sensors market segment of LoRaWAN technology is anticipated to grow with the highest CAGR during the forecast period. The major market drivers for global LoRaWAN technology market include increasing demand for low power consumption smart IoT device along with rising adoption of M2M communication devices across various applications.

Some of the Impact Factors:

• Demand for low cost power efficient technology in communication sector
• Ease to deploy and capable of networking large number of devices in a small area
• Increasing adaptation of smart devices in smart houses and smart cities projects across the globe
• Growing number of M2M communications along with the need of long-range device connectivity
• Increasing adaptation of smart metering solutions
• Threat of confidentiality interference and preference

What does this Report Provide?

This report provides a detailed understanding of the global LoRaWAN market in a qualitative and quantitative perspective with a forecast next 8 years. The report also provides dynamic indicators with potential impact in the market during the forecast period and in-depth analysis of the leading companies operating in the global LoRaWAN market. The major market drivers, challenges and opportunities for the LoRaWAN market are also covered in this study. This report also includes the market share of the leading LoRaWAN service providers and along with their growth strategies adopted across the regions.

Market Segmentation Analyzed:

By Application

• Asset Tracking
• Smart Metering
• Smart Parking
• Others

By End-Use Industry:

• Electronics
• Manufacturing
• Agriculture
• Utilities
• Others

By Hardware:

• Connectivity Modules
• End-Point Sensors
• Networking Gateways
• Others

By Region:

North America LoRaWAN Market

• By Country (U.S., Canada, and Mexico)
• By Application
• By End-Use Industry
• By Hardware

Europe LoRaWAN Market

• By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
• By Application
• By End-Use Industry
• By Hardware

Asia-Pacific LoRaWAN Market

• By Country (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific)
• By Application
• By End-Use Industry
• By Hardware

Middle East & Africa LoRaWAN Market

• By Country (Saudi Arabia, UAE, Qatar, South Africa and Rest of Middle East & Africa)
• By Application
• By End-Use Industry
• By Hardware

South America LoRaWAN Market

• By Country (Brazil, Argentina, Colombia, Rest of South America)
• By Application
• By End-Use Industry
• By Hardware

Companies Covered: The major companies that are operating in global LoRaWAN market are Comcast, Murata Manufacturing, Tata Communication Limited, Senet Inc., Orange S.A., SK Telecom Co., Ltd., Semtach Corporation, Laird Connectivity, and others.

Reasons to buy this Report:

• Global and regional LoRaWAN market size estimation and forecasting till 2028
• Details demand and consumption of LoRaWAN across the regions along with market breakdown by countries
• In depth primary interviews with the leading LoRaWAN protocol service providers along with the other players in LoRaWan value chain to validate the research findings
• Details micro and macros economic trend and forecast that may impact on LoRaWAN market
• Profiling of the major companies operating in global LoRaWAN market and their growth strategies
• Market share analysis of the leading LoRaWAN protocol service providers market analysis along with the global market share
• Extensive study on LoRaWAN technology market trend and forecast across the regions

Customization:

We provide customization of the study to meet the specific requirements:

• Country specific LoRaWAN market analysis in terms of hardware, applications and end-use industry
• In depth customer analysis for LoRaWAN technology across the regions

For more information, contact: [email protected]