The global market for Low Power Wide Area Network was valued at US$20.4 Billion in 2024 and is projected to reach US$273.1 Billion by 2030, growing at a CAGR of 54.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The adoption of LPWAN technology has been driven by its suitability for various IoT applications across industries such as agriculture, smart cities, logistics, and utilities. In agriculture, LPWAN enables the monitoring of soil moisture levels, weather conditions, and livestock health, helping farmers to make data-driven decisions. Smart city applications utilize LPWAN for managing street lighting, waste collection, and environmental monitoring, thereby improving urban efficiency and sustainability. In logistics, LPWAN facilitates asset tracking and fleet management, providing real-time data that enhances operational efficiency. The utilities sector benefits from LPWAN through smart metering and grid management, allowing for more accurate and efficient energy distribution. The ability of LPWAN to provide extensive coverage and reliable connectivity at a low cost makes it an attractive option for deploying large-scale IoT networks.
The growth in the LPWAN market is driven by several factors. The increasing adoption of IoT across various sectors is a primary driver, as LPWAN provides the necessary infrastructure for connecting a multitude of devices over large areas. Advances in LPWAN technologies, such as the development of more efficient communication protocols and improved hardware, have enhanced the performance and reliability of these networks, further encouraging their deployment. The growing need for low-cost, low-power solutions for long-range connectivity in rural and remote areas has also spurred market growth. Additionally, supportive government policies and initiatives aimed at promoting smart infrastructure and IoT adoption have accelerated the expansion of LPWAN networks. The rising awareness of the benefits of LPWAN in enabling scalable and sustainable IoT solutions, combined with ongoing technological innovations, is ensuring robust growth in the LPWAN market, solidifying its role as a foundational technology for the IoT ecosystem.
Global Low Power Wide Area Network Market - Key Trends & Drivers Summarized
Low Power Wide Area Network (LPWAN) is a type of wireless telecommunication network designed to allow long-range communications at a low bit rate among connected devices, such as sensors and actuators. This technology is particularly well-suited for Internet of Things (IoT) applications, where small amounts of data need to be transmitted over long distances while maintaining minimal power consumption. LPWANs operate in the sub-gigahertz frequency bands and support devices that are battery-operated and need to last for several years without maintenance. Technologies that fall under the LPWAN category include LoRa (Long Range), Sigfox, and NB-IoT (Narrowband IoT), each offering unique advantages in terms of coverage, power efficiency, and cost.The adoption of LPWAN technology has been driven by its suitability for various IoT applications across industries such as agriculture, smart cities, logistics, and utilities. In agriculture, LPWAN enables the monitoring of soil moisture levels, weather conditions, and livestock health, helping farmers to make data-driven decisions. Smart city applications utilize LPWAN for managing street lighting, waste collection, and environmental monitoring, thereby improving urban efficiency and sustainability. In logistics, LPWAN facilitates asset tracking and fleet management, providing real-time data that enhances operational efficiency. The utilities sector benefits from LPWAN through smart metering and grid management, allowing for more accurate and efficient energy distribution. The ability of LPWAN to provide extensive coverage and reliable connectivity at a low cost makes it an attractive option for deploying large-scale IoT networks.
The growth in the LPWAN market is driven by several factors. The increasing adoption of IoT across various sectors is a primary driver, as LPWAN provides the necessary infrastructure for connecting a multitude of devices over large areas. Advances in LPWAN technologies, such as the development of more efficient communication protocols and improved hardware, have enhanced the performance and reliability of these networks, further encouraging their deployment. The growing need for low-cost, low-power solutions for long-range connectivity in rural and remote areas has also spurred market growth. Additionally, supportive government policies and initiatives aimed at promoting smart infrastructure and IoT adoption have accelerated the expansion of LPWAN networks. The rising awareness of the benefits of LPWAN in enabling scalable and sustainable IoT solutions, combined with ongoing technological innovations, is ensuring robust growth in the LPWAN market, solidifying its role as a foundational technology for the IoT ecosystem.
Scope of the Study
The report analyzes the Low Power Wide Area Network market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (LoRaWAN, NB-IoT, LTE-M, Other Types); End-User (Oil & Gas End-User, Logistics & Transportation End-User, Consumer Electronics End-User, Manufacturing End-User, Agriculture End-User, Other End-Users).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.Key Insights:
- Market Growth: Understand the significant growth trajectory of the LoRaWAN segment, which is expected to reach US$127.8 Billion by 2030 with a CAGR of a 53.9%. The NB-IoT segment is also set to grow at 58.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $5.6 Billion in 2024, and China, forecasted to grow at an impressive 50.8% CAGR to reach $38.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Huawei Technologies Co., Ltd., AT&T, Inc., Avnet, Inc., Ingenu, Inc., Actility and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Low Power Wide Area Network Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Low Power Wide Area Network Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Low Power Wide Area Network Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 60 major companies featured in this Low Power Wide Area Network market report include:
- Huawei Technologies Co., Ltd.
- AT&T, Inc.
- Avnet, Inc.
- Ingenu, Inc.
- Actility
- ARISTOTLE Design
- EasyLinkin
- eleven-x
- IoT-Shops.com
- IoTize SAS
- Citility
- Eden Worth Pty Ltd
- ffly4u
- IoT Venture
- Danalto
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Huawei Technologies Co., Ltd.
- AT&T, Inc.
- Avnet, Inc.
- Ingenu, Inc.
- Actility
- ARISTOTLE Design
- EasyLinkin
- eleven-x
- IoT-Shops.com
- IoTize SAS
- Citility
- Eden Worth Pty Ltd
- ffly4u
- IoT Venture
- Danalto
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 347 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 20.4 Billion |
| Forecasted Market Value ( USD | $ 273.1 Billion |
| Compound Annual Growth Rate | 54.1% |
| Regions Covered | Global |
