Low Power Wide Area Network Market is segmented by Type (Public Sector and Private Sector), by Application (Agriculture, Smart Logistic & Transportation, Healthcare, Industrial Manufacturing, Oil & Gas, Consumer Electronics and Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

Market Definition / Research Scope

For the purpose of this market research report, Low Power Wide Network (LPWA) is defined as class of wireless technologies that specify the specific needs of machine to machine (M2M) and IoT devices. The LPWA increases the strength of a business’ case for IoT solutions and offers an efficient and low-cost wireless option to them as it requires less hardware and infrastructure. It allows for a longer-range connectivity and has a lower power consumption. LPWAN technology is specifically helpful for smart city, track and trace, smart agriculture and smart meters. Using LPWA IoT devices can operate for up to 10 years on a single charge.

Low Power Wide Network Market shall reach a value of $2x61.4 Million in 2031, growing with a CAGR of 12.13% during the forecast period of 2022 to 2031.

Low Power Wide Area Network Market Growth and Trends

The low power wide area network market has influenced multiple industrial sectors across the world. The major factor attributed to the growth of this market is the increase in the adoption of machines to manage machine communication by customers across the world. This technology is being used in various industries for the direct communication medium and outsourcing the third-party companies. Major industries using low power wide area networks are agricultural, logistics and transport, healthcare, and many more. The ongoing technological advancements in this market are offering ample growth opportunities for mobile network operators, which in turn is going to propel the low power wide area network market revenue in the forecast period. Low operation cost, as well as low power consumption, are also the major factors driving the market growth. The engineers are using this technology along with cellular technology to collect information from the basement and underground construction sites. Thus, this network provides safe and reliable solutions to engineers while working in various construction sites. Additionally, the COVID-19 crisis fuelled up the overall market revenue to a great extent. Low power wide area network market revenue exhibited a growth of $70 million in pandemic times and is anticipated to grow exponentially by the year 2023. Further, the market is anticipated to generate a revenue of $2140 billion by the end of 2028.

Low Power Wide Network Market Segmentation
There are various low power wide networks available in the market such as Licensed Spectrum, Unlicensed Spectrum (Ultra-Narrow Band (Weightless-W,-N,-P; Sigfox), Extended Coverage GSM (LTE-M, Narrow Band-IoT, Others), IEEE 802.11ah, Random Phase Multiple Access (Ingenu), Others), and LoRa/LoRaWAN. However, the Narrow Band-IoT technology type segment is expected to grow at a rate of 18.1% during the forecast period. This technology covers the challenging specifications and increases the power efficiency of instruments. Further, the high growth of this segment is attributed to its cost-effectiveness as compared to other technologies available in the market. Based on deployment, the cloud deployment segment dominated over the on-premise segment in terms of revenue. This segment generated 54% of the overall low power wide network market revenue. Moreover, it is anticipated to witness significant market growth during the forecast period. This market finds its major application in various sectors such as Smart Gas and Water Metering, Smart Buildings, Precision Agriculture, Asset tracking, Smart Waste Management, Smart Parking, Wireless Sensor Networks, and Livestock Monitoring. Further, the active participation of end-users such as Healthcare, Logistics and Transportation, Utilities, Agriculture, Manufacturing, Consumer Electronics, and Government and Public Sector enhance the market growth.

Low Power Wide Area Network Market Regional Analysis

Introduction of smart cities and augmented development of power network that is not just efficient but are also a boon in interconnecting devices with low bandwidth is surmised to be able to steer growth in the Global low power wide network market globally. Europe is estimated to be the fast-growing market owing to the advancement of the wireless M2M communication chain in the region.
The Asia Pacific region accounts for trailing ahead with the next massive shares due to the mass adoption of LPWAN technology that is estimated to bolster standardization in smart meter manufacturers. Moreover, Europe is expected to strive forward with potential growth owing to the increasing integration of IoT and M2M across industries.

Low Power Wide Area Network Market Share and Competition

The key companies contributing significantly to the low power wide network market are Ingenu, LORIOT, Nwave, Orange, Qualcomm, Semtech, Senet, Sigfox, Vodafone, WavIoT, and Verizon among others. The low power wide network market companies are focussing on launching advanced products which in turn is propelling the market growth. For example, XTERCONNECT launched its new range of professional LoRaWANTM gateways in 2019 to meet the growing needs of the LPWAN market. Further, in February 2019, Haxiot released its new computing solution that enables easy integration with industries. This enabled efficient device management, connectivity, and wireless Low Power Wide Area ( LPWA) data transformation.

Low Power Wide Area Network Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown

Technology type Analysis (Revenue, USD Million, 2022 - 2032)
• Licensed Spectrum
• Unlicensed Spectrum (Ultra-Narrow Band (Weightless-W,-N,-P; Sigfox)
• Extended Coverage GSM (LTE-M, Narrow Band-IoT, Others)
• IEEE 802.11ah
• Random Phase Multiple Access (Ingenu), Others)
• LoRa/LoRaWAN

Deployment Model Analysis (Revenue, USD Million, 2022 - 2032)
• On-premise
• Cloud

Application Analysis (Revenue, USD Million, 2022 - 2032)
• Smart Gas and Water Metering
• Smart Buildings
• Precision Agriculture
• Asset tracking
• Smart Waste Management
• Smart Parking
• Wireless Sensor Networks
• Livestock Monitoring

End-Users Analysis (Revenue, USD Million, 2022 - 2032)
• Healthcare
• Logistics and Transportation
• Utilities
• Agriculture
• Manufacturing
• Consumer Electronics
• Government and Public Sector

Region Analysis (Revenue, USD Million, 2022 – 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Low Power Wide Network Market Companies
• Semtech Corporation
• Loriot
• Nwave Technologies
• Sigfox
• Waviot
• Actility
• Ingenu
• Link Labs
• Weightless SIG
• Senet

Available Versions:-
United States Low Power Wide Area Network Market Research Report
Europe Low Power Wide Area Network Market Research Report
Asia Pacific Low Power Wide Area Network Market Research Report
India Low Power Wide Area Network Market Research Report

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