Global LoRa and LoRaWAN IoT Market Size Study & Forecast, by Offering, by Application, by End User and Regional Forecasts 2025-2035

Description

The Global LoRa and LoRaWAN IoT Market is valued at approximately USD 9.41 billion in 2024 and is anticipated to grow with a robust CAGR of more than 35.90% over the forecast period 2025-2035. LoRa (Long Range) and LoRaWAN (Long Range Wide Area Network) represent low-power, wide-area networking protocols designed to connect battery-operated devices wirelessly to the internet across large distances. These technologies have become a cornerstone of the Internet of Things (IoT) ecosystem, enabling connectivity for applications requiring long-range communication, low data rates, and extended battery life. Market growth is being accelerated by the rapid adoption of smart cities, expansion of industrial IoT ecosystems, and the urgent need for energy-efficient, cost-effective, and scalable IoT deployments across verticals worldwide.

The proliferation of connected devices, supported by government initiatives to digitalize infrastructure, is propelling demand for LoRa and LoRaWAN networks globally. These technologies are increasingly being deployed in use cases such as precision agriculture, real-time asset monitoring, and smart healthcare, where traditional connectivity solutions are either cost-prohibitive or technologically limited. The momentum is further amplified by collaborations between network operators, platform providers, and technology vendors, which are expanding ecosystem interoperability and broadening adoption. However, challenges such as network security vulnerabilities, regulatory variations across regions, and competition from other LPWAN technologies (like NB-IoT and Sigfox) may temper growth prospects, though continuous innovation in network scalability and cloud integration offers mitigating opportunities.

The detailed segments and sub-segments included in the report are:

By Offering:

Hardware
Platform
Services

By Application:

Asset Tracking
Industrial IoT
Smart Cities
Smart Agriculture and Livestock Management
Smart Buildings
Smart Healthcare
Other Applications

By End User:

Retail
Manufacturing
Transportation & Logistics
Agriculture
Healthcare
Energy & Utilities
Government & Public Safety
Enterprise
Residential
Travel & Hospitality

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Smart Cities are Expected to Dominate the Market
Smart cities are poised to dominate the global LoRa and LoRaWAN IoT market during the forecast period, capturing a substantial share of deployments. The exponential rise in urbanization has intensified demand for intelligent infrastructure that can seamlessly monitor and optimize resources such as water, energy, and transportation. LoRaWAN networks, with their ability to support millions of connections at low cost, are emerging as the backbone of smart city applications including smart lighting, waste management, air quality monitoring, and intelligent parking. Governments worldwide are aggressively investing in smart city initiatives, further fueling adoption. Although smart agriculture and healthcare applications are gaining traction, smart cities remain the undisputed leader due to their transformative role in reshaping urban living standards.
Hardware Leads in Revenue Contribution
When analyzing the market by offering, hardware currently contributes the highest revenue, driven by the widespread deployment of LoRa-enabled gateways, sensors, and end devices. Hardware forms the foundation of IoT ecosystems, enabling real-world connectivity across applications such as industrial automation, asset tracking, and agricultural monitoring. While platforms and services are increasingly integral to providing scalability, device management, and analytics, the large-scale procurement of physical devices continues to anchor revenue streams. At the same time, services, particularly managed network services and integration solutions, are anticipated to be the fastest-growing segment as enterprises shift towards outsourced expertise for large-scale IoT rollouts. This indicates a balanced market evolution, where hardware leads revenue today, while services will unlock future growth potential.
The key regions considered for the Global LoRa and LoRaWAN IoT Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America leads the market owing to its robust technological infrastructure, early adoption by utility providers, and strong backing from network operators and government agencies. The U.S. has seen extensive deployment in smart agriculture and industrial IoT, consolidating its leadership position. Asia Pacific is projected to witness the fastest growth, fueled by large-scale smart city initiatives in China and India, growing IoT startup ecosystems, and widespread agricultural modernization. Europe maintains steady adoption driven by strong regulatory support for sustainable energy management, while Latin America and the Middle East & Africa are steadily increasing their presence, particularly in agriculture and public safety applications.

Major market players included in this report are:

Semtech Corporation
Cisco Systems, Inc.
IBM Corporation
Actility SA
Kerlink SA
Senet, Inc.
The Things Industries
Amazon Web Services, Inc.
Microsoft Corporation
Tata Communications Limited
OrbiWise SA
LORIOT AG
Orange S.A.
Comcast Corporation
STMicroelectronics N.V.

Global LoRa and LoRaWAN IoT Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global LoRa and LoRaWAN IoT Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global LoRa and LoRaWAN IoT Market Forces Analysis

3.1. Market Forces Shaping The Global LoRa and LoRaWAN IoT Market (2024-2035)
3.2. Drivers
- 3.2.1. rapid adoption of smart cities
- 3.2.2. expansion of industrial IoT ecosystems
3.3. Restraints
- 3.3.1. network security vulnerabilities
3.4. Opportunities
- 3.4.1. urgent need for energy-efficient, cost-effective, and scalable IoT deployments

Chapter 4. Global LoRa and LoRaWAN IoT Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global LoRa and LoRaWAN IoT Market Size & Forecasts by Offering 2025-2035

5.1. Market Overview
5.2. Global LoRa and LoRaWAN IoT Market Performance - Potential Analysis (2025)
5.3. Hardware
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Platform
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Services
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global LoRa and LoRaWAN IoT Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global LoRa and LoRaWAN IoT Market Performance - Potential Analysis (2025)
6.3. Asset Tracking
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Industrial IoT
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Smart Cities
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Smart Agriculture and Livestock Management
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
6.7. Smart Buildings
- 6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.7.2. Market size analysis, by region, 2025-2035
6.8. Smart Healthcare
- 6.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.8.2. Market size analysis, by region, 2025-2035
6.9. Other Applications
- 6.9.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.9.2. Market size analysis, by region, 2025-2035

Chapter 7. Global LoRa and LoRaWAN IoT Market Size & Forecasts by End User 2025-2035

7.1. Market Overview
7.2. Global LoRa and LoRaWAN IoT Market Performance - Potential Analysis (2025)
7.3. Retail
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Manufacturing
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Transportation & Logistics
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Agriculture
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035
7.7. Healthcare
- 7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.7.2. Market size analysis, by region, 2025-2035
7.8. Energy & Utilities
- 7.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.8.2. Market size analysis, by region, 2025-2035
7.9. Government & Public Safety
- 7.9.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.9.2. Market size analysis, by region, 2025-2035
7.10. Enterprise
- 7.10.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.10.2. Market size analysis, by region, 2025-2035
7.11. Residential
- 7.11.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.11.2. Market size analysis, by region, 2025-2035
7.12. Travel & Hospitality
- 7.12.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.12.2. Market size analysis, by region, 2025-2035

Chapter 8. Global LoRa and LoRaWAN IoT Market Size & Forecasts by Region 2025-2035

8.1. Growth LoRa and LoRaWAN IoT Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America LoRa and LoRaWAN IoT Market
- 8.3.1. U.S. LoRa and LoRaWAN IoT Market
  - 8.3.1.1. Offering breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Application breakdown size & forecasts, 2025-2035
  - 8.3.1.3. End User breakdown size & forecasts, 2025-2035
- 8.3.2. Canada LoRa and LoRaWAN IoT Market
  - 8.3.2.1. Offering breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Application breakdown size & forecasts, 2025-2035
  - 8.3.2.3. End User breakdown size & forecasts, 2025-2035
8.4. Europe LoRa and LoRaWAN IoT Market
- 8.4.1. UK LoRa and LoRaWAN IoT Market
  - 8.4.1.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.1.3. End User breakdown size & forecasts, 2025-2035
- 8.4.2. Germany LoRa and LoRaWAN IoT Market
  - 8.4.2.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.2.3. End User breakdown size & forecasts, 2025-2035
- 8.4.3. France LoRa and LoRaWAN IoT Market
  - 8.4.3.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.3.3. End User breakdown size & forecasts, 2025-2035
- 8.4.4. Spain LoRa and LoRaWAN IoT Market
  - 8.4.4.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.4.3. End User breakdown size & forecasts, 2025-2035
- 8.4.5. Italy LoRa and LoRaWAN IoT Market
  - 8.4.5.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.5.3. End User breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe LoRa and LoRaWAN IoT Market
  - 8.4.6.1. Offering breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Application breakdown size & forecasts, 2025-2035
  - 8.4.6.3. End User breakdown size & forecasts, 2025-2035
8.5. Asia Pacific LoRa and LoRaWAN IoT Market
- 8.5.1. China LoRa and LoRaWAN IoT Market
  - 8.5.1.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.1.3. End User breakdown size & forecasts, 2025-2035
- 8.5.2. India LoRa and LoRaWAN IoT Market
  - 8.5.2.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.2.3. End User breakdown size & forecasts, 2025-2035
- 8.5.3. Japan LoRa and LoRaWAN IoT Market
  - 8.5.3.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.3.3. End User breakdown size & forecasts, 2025-2035
- 8.5.4. Australia LoRa and LoRaWAN IoT Market
  - 8.5.4.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.4.3. End User breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea LoRa and LoRaWAN IoT Market
  - 8.5.5.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.5.3. End User breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC LoRa and LoRaWAN IoT Market
  - 8.5.6.1. Offering breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Application breakdown size & forecasts, 2025-2035
  - 8.5.6.3. End User breakdown size & forecasts, 2025-2035
8.6. Latin America LoRa and LoRaWAN IoT Market
- 8.6.1. Brazil LoRa and LoRaWAN IoT Market
  - 8.6.1.1. Offering breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Application breakdown size & forecasts, 2025-2035
  - 8.6.1.3. End User breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico LoRa and LoRaWAN IoT Market
  - 8.6.2.1. Offering breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Application breakdown size & forecasts, 2025-2035
  - 8.6.2.3. End User breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa LoRa and LoRaWAN IoT Market
- 8.7.1. UAE LoRa and LoRaWAN IoT Market
  - 8.7.1.1. Offering breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Application breakdown size & forecasts, 2025-2035
  - 8.7.1.3. End User breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) LoRa and LoRaWAN IoT Market
  - 8.7.2.1. Offering breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Application breakdown size & forecasts, 2025-2035
  - 8.7.2.3. End User breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa LoRa and LoRaWAN IoT Market
  - 8.7.3.1. Offering breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Application breakdown size & forecasts, 2025-2035
  - 8.7.3.3. End User breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Semtech Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Cisco Systems, Inc.
9.4. IBM Corporation
9.5. Actility SA
9.6. Kerlink SA
9.7. Senet, Inc.
9.8. The Things Industries
9.9. Amazon Web Services, Inc.
9.10. Microsoft Corporation
9.11. Tata Communications Limited
9.12. OrbiWise SA
9.13. LORIOT AG
9.14. Orange S.A.
9.15. Comcast Corporation
9.16. STMicroelectronics N.V.