LoRa & LoRaWAN IoT Market by Component, End-User

List of Tables

[186 Pages Report] The LoRa & LoRaWAN IoT Market size was estimated at USD 4.22 billion in 2023 and expected to reach USD 5.42 billion in 2024, at a CAGR 31.18% to reach USD 28.28 billion by 2030.

Global LoRa & LoRaWAN IoT Market

KEY MARKET STATISTICS
Base Year [2023]	USD 4.22 billion
Estimated Year [2024]	USD 5.42 billion
Forecast Year [2030]	USD 28.28 billion
CAGR (%)	31.18%

LoRa is a wireless radio frequency technology developed for long-range communication with low power consumption. It employs a unique modulation scheme called Chirp Spread Spectrum (CSS), which allows devices to transmit data over large distances while minimizing energy consumption efficiently. LoRaWAN is an open protocol that builds upon the LoRa technology to provide a standardized architecture for IoT devices, enabling seamless integration of multiple networks under one ecosystem. The extensive use of IoT devices in agriculture, utilities, smart cities, logistics, and consumer electronics has greatly broadened the application spectrum of LoRa and LoRaWAN technologies. The driving factors behind the growth of LoRa and LoRaWAN IoT are the rising demand for low-power and long-range wide-area network connectivities coupled with emerging potential with the increasing concept of smart cities. Furthermore, government initiatives to expand the development of LoRa and LoRaWAN IoT significantly contributed to the expansion of the market. On the other hand, the high cost of LoRa and LoRaWAN IoT solutions and privacy and security concerns with LoRa and LoRaWAN IoT platforms pose a challenge to the global market expansion. However, the ongoing introduction of technologically advanced LoRa and LoRaWAN IoT platforms and rising amalgamation activities between market players to introduce LoRa and LoRaWAN IoT platforms create significant growth opportunities for the market in the coming years.

Regional Insights

LoRa (Long Range) and LoRaWAN (Low-Power Wide-Area Network) technologies have been significantly adopted as critical enablers of the Internet of Things (IoT) across various regions worldwide. The United States and Canada are rapidly adopting IoT solutions using LoRa and LoRaWAN technologies due to their increasing smart city initiatives, advanced industrial infrastructure, and supportive government policies. There is a growing consumer need for cost-effective IoT-based agriculture, logistics, healthcare, and energy management applications. With rising urbanization, increasing government initiatives, and expanding industrial sectors, the demand for IoT connectivity solutions is on the rise in the APAC region. Moreover, the growing interest in edge computing and 5G networks has further accelerated the demand for advanced IoT solutions in the APAC region. The EMEA region has witnessed significant growth in adopting LoRa and LoRaWAN with the rise of Industry 4.0 and increasing penetration of IoT technologies across various verticals such as agriculture, utilities, logistics, transportation, and healthcare within EMEA countries. Developing economies, including the Middle East and Africa, are exploring opportunities offered by IoT technologies to strengthen their infrastructure capabilities while addressing vital challenges, such as water scarcity, transportation efficiency, and waste management. Middle Eastern countries are adopting these technologies rapidly in their oil & gas industries, while African nations focus on implementing remote monitoring systems for wildlife conservation and water management projects.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the LoRa & LoRaWAN IoT Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the LoRa & LoRaWAN IoT Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the LoRa & LoRaWAN IoT Market, highlighting leading vendors and their innovative profiles. These include Actility SA, Advantech Co., Ltd., Amazon Web Services, Inc., Bosch.IO GmbH, Cavagna Group S.p.A, Cisco Systems, Inc., Comcast Corporation, DATACAKE GmbH, Digi International Inc., Dipro Technologies S.L. by Shikumi Wakata S.L., Everynet BV, Exosite, kerlink SA, Laird Connectivity, LORIOT AG, Microchip Technology Inc., Milesight, Multi-Tech Systems, Inc., Murata Manufacturing Co., Ltd., NEC Corporation, Orange SA, OrbiWise SA, RAKwireless Technology Limited, Semtech Corporation, Senet, Inc., Sensoterra International B.V., and Swisscom AG.

Market Segmentation & Coverage

This research report categorizes the LoRa & LoRaWAN IoT Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
  - Connectivity Modules
  - Networking Gateways
  - System on Chip
- Services
- Software
End-User
- Automotive
- Chemical
- Food & Beverages
- Healthcare
- IT & Telecommunication
- Mining
- Oil & Gas
- Power & Utilities
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the LoRa & LoRaWAN IoT Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the LoRa & LoRaWAN IoT Market?

3. What are the technology trends and regulatory frameworks in the LoRa & LoRaWAN IoT Market?

4. What is the market share of the leading vendors in the LoRa & LoRaWAN IoT Market?

5. Which modes and strategic moves are suitable for entering the LoRa & LoRaWAN IoT Market?

Product Code: MRR-CF6C60CF95CE

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. LoRa & LoRaWAN IoT Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for low-power and long-range wide-area network connectivities
  - 5.1.1.2. Emerging potential with the increasing concept of smart cities
  - 5.1.1.3. Government initiatives to expand the development of LoRa and LoRaWAN IoT
- 5.1.2. Restraints
  - 5.1.2.1. High cost of LoRa and LoRaWAN IoT solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing introduction of technologically advanced LoRa and LoRaWAN IoT platforms
  - 5.1.3.2. Rising amalgamation activities between market players to introduce LoRa and LoRaWAN IoT platforms
- 5.1.4. Challenges
  - 5.1.4.1. Privacy and security concerns with LoRa and LoRaWAN IoT platforms
5.2. Market Segmentation Analysis
- 5.2.1. Component: Rising preference for hardware components in LoRa & LoRaWAN IoT for seamless communication over long-distance
- 5.2.2. End-User: Emerging potential of LoRa and LoRaWAN IoT in IT & elecommunication sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. LoRa & LoRaWAN IoT Market, by Component

6.1. Introduction
6.2. Hardware
- 6.3.1. Connectivity Modules
- 6.3.2. Networking Gateways
- 6.3.3. System on Chip
6.3. Services
6.4. Software

7. LoRa & LoRaWAN IoT Market, by End-User

7.1. Introduction
7.2. Automotive
7.3. Chemical
7.4. Food & Beverages
7.5. Healthcare
7.6. IT & Telecommunication
7.7. Mining
7.8. Oil & Gas
7.9. Power & Utilities

8. Americas LoRa & LoRaWAN IoT Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific LoRa & LoRaWAN IoT Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa LoRa & LoRaWAN IoT Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
  - 11.3.1.1. Semtech Closes USD 1.2bn Sierra Wireless deal to Pair LoRa and Cellular in 10x IoT Market
- 11.3.2. Agreement, Collaboration, & Partnership
  - 11.3.2.1. Netmore LoRaWAN Expands to Norway through Collaboration with Eidsiva
  - 11.3.2.2. Semtech Collaborates with The Things Industries to Bring LoRaWAN® and Cellular Solutions to Market

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. Actility SA
- 12.1.2. Advantech Co., Ltd.
- 12.1.3. Amazon Web Services, Inc.
- 12.1.4. Bosch.IO GmbH
- 12.1.5. Cavagna Group S.p.A
- 12.1.6. Cisco Systems, Inc.
- 12.1.7. Comcast Corporation
- 12.1.8. DATACAKE GmbH
- 12.1.9. Digi International Inc.
- 12.1.10. Dipro Technologies S.L. by Shikumi Wakata S.L.
- 12.1.11. Everynet BV
- 12.1.12. Exosite
- 12.1.13. kerlink SA
- 12.1.14. Laird Connectivity
- 12.1.15. LORIOT AG
- 12.1.16. Microchip Technology Inc.
- 12.1.17. Milesight
- 12.1.18. Multi-Tech Systems, Inc.
- 12.1.19. Murata Manufacturing Co., Ltd.
- 12.1.20. NEC Corporation
- 12.1.21. Orange SA
- 12.1.22. OrbiWise SA
- 12.1.23. RAKwireless Technology Limited
- 12.1.24. Semtech Corporation
- 12.1.25. Senet, Inc.
- 12.1.26. Sensoterra International B.V.
- 12.1.27. Swisscom AG
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing