1. Science / Technology

LPWAN Market – Greater Growth Rate during forecast 2018 – 2027 | COVID-19 Effects

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Low-Power Wide-Area Network (LPWAN) is a prevailing networking technology that helps to build IoT networks and long-range communication at a low-bitrate. In other words, LPWAN offers a compelling mix of long-range, low power consumption, secure data transmission. The global low power wide area (LPWA) network market is growing pervasively. 

The market growth majorly attributes to increasing numbers of IoT/M2M applications and the rising need for long-range connectivity between devices. Market Research Future (MRFR) asserts that the global low power wide area network market is projected to create a valuation of USD 75 BN, growing at a magnificent 72% CAGR throughout the review period (2017 – 2023). 

LPWAN integrations are found in application areas ranging from cars, manufacturing equipment, and street lights to home appliances and wearable devices. Additionally, the increasing demand for low-cost and low power consumption networking technologies and LPWAN services from various end-users influences market share. The proliferation of smart & connected devices and smart wearable devices such as smartwatches, smart bands, and smart glasses boost the LPWAN market size. 

Furthermore, the penetration of IoT and IIoT across industries led by rapid industrialization worldwide positively impacts the market growth. Increasing adoption of web-based applications and government funding towards secured and centrally connected networks provide impetus to the LPWAN market growth.

    Besides, the increasing uptake of cloud-based services among growing numbers of enterprises supports the market growth. Also, the growing connecting workforce solutions, augmenting uptake of BYOD policy in rising numbers of organizations, and increasing high-speed data service demand substantiate the market growth. 

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Low Power Wide Area Network Market – Segments

The report is segmented into six dynamics;

By Connectivity TechnologySIGFOX, LoRaWAN, Weightless, and others.

By ServiceManaged and Professional Services. 

By Network DeploymentPrivate sectors and Public sectors.

By ApplicationSmart Buildings, Smart Gas & Water Metering, Smart Waste Management, Smart Parking, Smart Streetlights, Livestock Monitoring, and others.

By VerticalSmart Logistics & Transportation, Agriculture, Healthcare, Industrial Manufacturing, Oil & Gas, Consumer Electronics, and others.

By Regions: Europe, North America, APAC, and Rest-of-the-World. 


Global Low Power Wide Area Network Market – Regional Analysis

Europe dominates the global low power wide area network market. The region has a large number of enterprises and early adopters of innovative technologies, offering a favorable platform for LPWAN to evolve significantly. Besides, the largest market share attributes to technological advancements and the proliferation of intelligent connected devices. 

Moreover, the presence of several key industry players and well-established infrastructures fosters market growth, allowing faster implementation of advanced technologies. The region perceives vast developments in manufacturing processes and industrial infrastructure. Also, factors such as rising mobile workforces and a spurting demand for high-speed data services act as key driving forces for the market. 

Asia Pacific is another lucrative market for low-power wide-area networks globally. Factors such as increasing opportunities in developing countries and inclination towards automation and cloud services drive the market growth. 

Additionally, the proliferation of mobile devices, wide adoption of cloud-based solutions among SME & large enterprises, and developments in the IT sector foster the regional market growth. Increasing numbers of key technology providers who constantly innovate to present cost-effective secured low-power WAN solutions drive the market growth. 

Global LPWAN Market   – Competitive Analysis

Fiercely competitive, the LPWAN market appears to be fragmented with the presence of various large and small-scale players. Leading industry players make substantial investments to transform the consumer and business landscape. They incorporate strategic initiatives such as collaboration, partnership, acquisition, product & technology launch, and expansion to gain a competitive edge staying ahead in this market. 

Major Players

Players leading the global low power wide area network market include LORIOT (Switzerland), Semtech Corporation (US), NWave Technologies (London), WAVIoT (US), SIGFOX (France), Cisco Systems (US), Weightless SIG (UK), Actility (France), Senet, Inc. (US), Huawei Technologies Co. Ltd. (China), AT&T Inc. (Germany), Ingenu (US), Qualcomm Inc. (US), Link Labs Inc. (US), Vodafone Group Plc. (UK), and Telefonica SA (Spain), among others. 

Industry/Innovation/ Related News

January 26, 2021 – STMicroelectronics (Switzerland), a global semiconductor leader, announced its partnership with the ZETA Alliance to promote emerging long-range IoT connectivity standards. STMicroelectronics caters to customers across the spectrum of electronics applications. ZETA Alliance is the industry body promoting ZETA Low-Power Wide Area Network (LPWAN) technology for low-cost, long-range IoT connectivity.

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LPWAN Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030


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