The global market for Low Power Wide Area Network is estimated at US$11.6 Billion in 2023 and is projected to reach US$242.1 Billion by 2030, growing at a CAGR of 54.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the LoRaWAN segment, which is expected to reach US$114.4 Billion by 2030 with a CAGR of a 54.1%. The NB-IoT segment is also set to grow at 58.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 51.4% CAGR to reach $38.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Low Power Wide Area Network Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Low Power Wide Area Network Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Low Power Wide Area Network Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 60 Featured):
- 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. METHODOLOGYII. 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 | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.6 Billion |
| Forecasted Market Value ( USD | $ 242.1 Billion |
| Compound Annual Growth Rate | 54.3% |
| Regions Covered | Global |
