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The global low power wide area network market is expected to foresee significant growth. Asia Pacific to lead the growth!

The low power wide area network market is expected to register a CAGR of around 78% over the period of 2021-2027, owing to the growing adoption of IoT devices, and low power consumption are the major driving factors of the low power wide area network market. A low-power wide-area network is a type of wireless telecommunication wide area network designed to allow long-range communications at a low bit rate among things, such as sensors operated on a battery. Furthermore, lower power wide area network offers a longer range from 5km to 30km, and it consumes very low power and has a longer lifetime.

Based on technology, type the market is segmented into SIGFOX, LoRaWAN, weightless, and Others. LoRaWAN is expected to grow significantly during the forecast period. LoRaWAN is a type of network that uses LoRa radio modulation technology. It is designed for applications where a small amount of data needs to be transmitted at very low rates, such as tracking the location of objects or monitoring environmental conditions. Furthermore, it provides various different functionalities such as bi-directionality, security, mobility, and accurate localization that are not addressed by other LPWAN technologies.

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Based on services, the market is segmented into professional and managed. The managed segment is expected to achieve significant CAGR during the forecast period. As these managed service providers leverage partnerships with prime satellite and mobile networks to offer high-end managed services to application providers, system integrators, and end-user clients. Additionally managed services are cheaper in cost and the recurring repair cost is mostly covered in the annual subscription payment made by the user.

Based on deployment, the market is segmented into the public and private sectors. The public is expected to grow with a considerable CAGR during the forecast period. Owing to its diverse application in various government enterprises, for instance, municipal authorities are focusing on developing their public infrastructures such as smart cities to improve citywide services like trash, parking, streetlights, water meters, leak detectors, and more.

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Based on application, the market is segmented into smart waste management, smart buildings, smart gas, and water metering, smart streetlights, smart parking, livestock monitoring, and others. smart buildings application is expected to grow with a robust CAGR during the forecast period. IoT devices are deployed in both commercial and residential buildings to make energy and resource allocation efficient with enhanced security. LPWAN helps in the efficient deployment of the IoT devices by providing an affordable data transmission network hence LPWAN is being largely adopted in smart buildings. Moreover, high investment in smart city development is expected to play an important role in IoT adoption.

Based on industry vertical, the market is segmented into agriculture smart logistics and transportation, healthcare, industrial manufacturing, oil and gas consumer electronics, and others. The oil and gas segment is expected to grow at a significant CAGR, owing to its variety of applications in the market such as plant automation, process optimization, supply chain optimization, increased safety, integrated business processes, and corporate social responsibility.

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For a better understanding of the market adoption of the low power wide area network, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World. The Asia Pacific region is expected to hold a significant share of the low power wide area network market. China, Japan, India, and Australia are the most potential countries adopting low power-wide area networks. The rising demand for smart cities, and also the growing demand for low-cost technologies and long-range wireless coverage with a small number of gateways are contributing to the growth of the low power wide area network market in the region. The Major companies in the market are Semtech Corporation, LORIOT, NWave Technologies, SIGFOX, WAVIoT, Cisco Systems, Actility, Weightless SIG, Senet, Inc., AT&T Inc.

Low Power Wide Area Network Market Segmentation

Market Insight, By Technology Type

  • LoRaWAN
  • Weightless
  • Others

Market Insight, By Service

  • Professional
  • Managed

Market Insight, By Deployment

  • Private
  • Public

Market Insight, By Application

  • Smart waste management           
  • Smart buildings 
  • Smart gas and water metering   
  • Smart streetlights           
  • Smart parking   
  • Livestock monitoring      
  • Others  

Market Insight, By Industry Vertical

  • Agriculture 
  • Smart Logistic and Transportation
  • Healthcare
  • Industrial Manufacturing
  • Oil and Gas
  • Consumer Electronics
  • Others

Market Insight, by region

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • The United Kingdom
    • France
    •  Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • Semtech Corporation
  • NWave Technologies
  • WAVIoT
  • Cisco Systems
  • Actility
  • Weightless SIG
  • Senet, Inc.
  • AT&T Inc.

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