This LoRa And LoRaWAN Internet Of Things market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The LoRa And LoRaWAN internet of things market size has grown exponentially in recent years. It will grow from $5.93 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 36%. The growth in the historic period is due to the initial development and standardization of technologies, a growing interest in Internet of Things applications, low power consumption, scalability, cost-effectiveness, and low-power communication technologies that can cover large areas.
The LoRa And LoRaWAN internet of things market size is expected to see exponential growth in the next few years. It will grow to $27.66 billion in 2028 at a compound annual growth rate (CAGR) of 36.1%. The growth in the forecast period is attributed to urbanization, the development of smart cities, waste management, government initiatives and supportive regulations, and an increasing demand for real-time data. Key trends during this period include technological advancements, regional expansion, partnerships and ecosystem development, the rise of smart agriculture, and integration with other technologies.
The growing number of connected devices is anticipated to drive the expansion of the LoRa and LoRaWAN Internet of Things (IoT) market in the coming years. Connected devices are tangible objects linked to a network that allows them to collect, share, and act on data. Several factors contribute to the rise of connected devices, including advancements in wireless communication, reduced costs, industrial adoption, and enhanced security and privacy measures. LoRa and LoRaWAN facilitate long-range, low-power communication for IoT-connected devices, allowing for efficient data transmission over extensive areas. For example, a report released by Ericsson, a telecommunications company based in Sweden, stated that total IoT connections reached 15.7 billion in 2023 and are projected to grow by 16% to 38.8 billion by 2029. Consequently, the increase in connected devices is fueling the growth of the LoRa and LoRaWAN IoT market.
Leading companies in the LoRa and LoRaWAN IoT market are focusing on developing innovative solutions, such as advanced LoRaWAN connectivity solutions, to deliver secure, scalable, and simplified end-to-end communication. Long-Range Wide-Area Network (LoRaWAN) connectivity solutions provide low-power, wide-area network communication for IoT devices, allowing for long-range transmission of small amounts of data with minimal energy consumption. For instance, in June 2024, Digi International Inc., a US-based IoT company, launched the Digi XBee IoT Solution for LoRaWAN, which is designed for rapid deployment and scalability in IoT applications. This solution enables seamless integration for quick and scalable IoT deployments while minimizing the complexities associated with managing multiple vendor devices, ensuring reliable, long-term support. This launch underscores Digi's commitment to addressing industry challenges and fostering IoT innovation.
In January 2023, Semtech Corporation, a US-based semiconductor manufacturing company, acquired Sierra Wireless for $1.2 billion. The acquisition aims to establish a comprehensive IoT platform by combining the ultra-low power advantages of LoRa with the higher bandwidth capabilities of cellular technology. This strategic move expands Semtech's IoT market opportunities and supports the transformation to a smarter, more sustainable planet. Sierra Wireless is a Canada-based company that specializes in wireless data communications equipment, including LoRa and LoRaWAN-based IoT devices.
Major companies operating in the lora and lorawan internet of things market are Comcast Corporation, Amazon Web Services Inc., Cisco Systems Inc., Orange SA, NEC Corporation, SK Telecom, Murata Manufacturing Co. Ltd., Advantech Co. Ltd., Tata Communications Limited, Semtech Corporation, Digi International, Multi-Tech Systems Inc., Exosite, Kerlink, Actility SA, RAKwireless, Milesight Technology, Orbiwise SA, Datacake, LORIOT AG, Radio Bridge Inc, Sensoterra, TheThings.io, Netmore Group.
North America was the largest region in the LoRa And LoRaWAN internet of things market in 2023. The regions covered in the lora and lorawan internet of things market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lora and lorawan internet of things market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Long-range (LoRa) and long-range wide-area network (LoRaWAN) Internet of Things (IoT) refer to a low-power, long-range wireless communication protocol and its associated network architecture, designed for connecting battery-operated devices in IoT applications over vast distances. These technologies are mainly used for deploying smart sensors and devices in areas such as smart cities, agriculture, industrial monitoring, and environmental sensing, enabling efficient data transmission across large areas while consuming minimal power.
The main components of LoRa and LoRaWAN IoT include hardware, platforms, and services. Hardware consists of physical devices and equipment, such as sensors, gateways, transceivers, antennas, and modems, which facilitate communication, data transmission, and network infrastructure support for various IoT applications. LoRa and LoRaWAN IoT offer network deployment options such as public networks, private networks, and hybrid networks. Applications range from asset tracking and the industrial Internet of Things to smart cities, smart buildings, smart utilities, smart healthcare, smart agriculture, and livestock management, among others. The end users span a variety of sectors, including manufacturing, transportation and logistics, energy and utilities, agriculture, government and public safety, healthcare, retail, residential, and more.
The LoRa and LoRaWAN internet of things market research report is one of a series of new reports that provides LoRa and LoRaWAN internet of things market statistics, including LoRa and LoRaWAN internet of things industry global market size, regional shares, competitors with a LoRa and LoRaWAN internet of things market share, detailed LoRa and LoRaWAN internet of things market segments, market trends and opportunities, and any further data you may need to thrive in the LoRa and LoRaWAN internet of things industry. This LoRa and LoRaWAN internet of things market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The LoRa and LoRaWAN internet of things market consists of revenues earned by entities by providing services such as network infrastructure, network connectivity services, consulting services, and deploying applications. The market value includes the value of related goods sold by the service provider or included within the service offering. The LoRa and LoRaWAN internet of things market also includes sales of sensors, meters, gateways, base stations, and network servers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The LoRa And LoRaWAN internet of things market size has grown exponentially in recent years. It will grow from $5.93 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 36%. The growth in the historic period is due to the initial development and standardization of technologies, a growing interest in Internet of Things applications, low power consumption, scalability, cost-effectiveness, and low-power communication technologies that can cover large areas.
The LoRa And LoRaWAN internet of things market size is expected to see exponential growth in the next few years. It will grow to $27.66 billion in 2028 at a compound annual growth rate (CAGR) of 36.1%. The growth in the forecast period is attributed to urbanization, the development of smart cities, waste management, government initiatives and supportive regulations, and an increasing demand for real-time data. Key trends during this period include technological advancements, regional expansion, partnerships and ecosystem development, the rise of smart agriculture, and integration with other technologies.
The growing number of connected devices is anticipated to drive the expansion of the LoRa and LoRaWAN Internet of Things (IoT) market in the coming years. Connected devices are tangible objects linked to a network that allows them to collect, share, and act on data. Several factors contribute to the rise of connected devices, including advancements in wireless communication, reduced costs, industrial adoption, and enhanced security and privacy measures. LoRa and LoRaWAN facilitate long-range, low-power communication for IoT-connected devices, allowing for efficient data transmission over extensive areas. For example, a report released by Ericsson, a telecommunications company based in Sweden, stated that total IoT connections reached 15.7 billion in 2023 and are projected to grow by 16% to 38.8 billion by 2029. Consequently, the increase in connected devices is fueling the growth of the LoRa and LoRaWAN IoT market.
Leading companies in the LoRa and LoRaWAN IoT market are focusing on developing innovative solutions, such as advanced LoRaWAN connectivity solutions, to deliver secure, scalable, and simplified end-to-end communication. Long-Range Wide-Area Network (LoRaWAN) connectivity solutions provide low-power, wide-area network communication for IoT devices, allowing for long-range transmission of small amounts of data with minimal energy consumption. For instance, in June 2024, Digi International Inc., a US-based IoT company, launched the Digi XBee IoT Solution for LoRaWAN, which is designed for rapid deployment and scalability in IoT applications. This solution enables seamless integration for quick and scalable IoT deployments while minimizing the complexities associated with managing multiple vendor devices, ensuring reliable, long-term support. This launch underscores Digi's commitment to addressing industry challenges and fostering IoT innovation.
In January 2023, Semtech Corporation, a US-based semiconductor manufacturing company, acquired Sierra Wireless for $1.2 billion. The acquisition aims to establish a comprehensive IoT platform by combining the ultra-low power advantages of LoRa with the higher bandwidth capabilities of cellular technology. This strategic move expands Semtech's IoT market opportunities and supports the transformation to a smarter, more sustainable planet. Sierra Wireless is a Canada-based company that specializes in wireless data communications equipment, including LoRa and LoRaWAN-based IoT devices.
Major companies operating in the lora and lorawan internet of things market are Comcast Corporation, Amazon Web Services Inc., Cisco Systems Inc., Orange SA, NEC Corporation, SK Telecom, Murata Manufacturing Co. Ltd., Advantech Co. Ltd., Tata Communications Limited, Semtech Corporation, Digi International, Multi-Tech Systems Inc., Exosite, Kerlink, Actility SA, RAKwireless, Milesight Technology, Orbiwise SA, Datacake, LORIOT AG, Radio Bridge Inc, Sensoterra, TheThings.io, Netmore Group.
North America was the largest region in the LoRa And LoRaWAN internet of things market in 2023. The regions covered in the lora and lorawan internet of things market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the lora and lorawan internet of things market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Long-range (LoRa) and long-range wide-area network (LoRaWAN) Internet of Things (IoT) refer to a low-power, long-range wireless communication protocol and its associated network architecture, designed for connecting battery-operated devices in IoT applications over vast distances. These technologies are mainly used for deploying smart sensors and devices in areas such as smart cities, agriculture, industrial monitoring, and environmental sensing, enabling efficient data transmission across large areas while consuming minimal power.
The main components of LoRa and LoRaWAN IoT include hardware, platforms, and services. Hardware consists of physical devices and equipment, such as sensors, gateways, transceivers, antennas, and modems, which facilitate communication, data transmission, and network infrastructure support for various IoT applications. LoRa and LoRaWAN IoT offer network deployment options such as public networks, private networks, and hybrid networks. Applications range from asset tracking and the industrial Internet of Things to smart cities, smart buildings, smart utilities, smart healthcare, smart agriculture, and livestock management, among others. The end users span a variety of sectors, including manufacturing, transportation and logistics, energy and utilities, agriculture, government and public safety, healthcare, retail, residential, and more.
The LoRa and LoRaWAN internet of things market research report is one of a series of new reports that provides LoRa and LoRaWAN internet of things market statistics, including LoRa and LoRaWAN internet of things industry global market size, regional shares, competitors with a LoRa and LoRaWAN internet of things market share, detailed LoRa and LoRaWAN internet of things market segments, market trends and opportunities, and any further data you may need to thrive in the LoRa and LoRaWAN internet of things industry. This LoRa and LoRaWAN internet of things market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The LoRa and LoRaWAN internet of things market consists of revenues earned by entities by providing services such as network infrastructure, network connectivity services, consulting services, and deploying applications. The market value includes the value of related goods sold by the service provider or included within the service offering. The LoRa and LoRaWAN internet of things market also includes sales of sensors, meters, gateways, base stations, and network servers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. LoRa and LoRaWAN Internet of Things Market Characteristics3. LoRa and LoRaWAN Internet of Things Market Trends and Strategies32. Global LoRa and LoRaWAN Internet of Things Market Competitive Benchmarking33. Global LoRa and LoRaWAN Internet of Things Market Competitive Dashboard34. Key Mergers and Acquisitions in the LoRa and LoRaWAN Internet of Things Market
4. LoRa and LoRaWAN Internet of Things Market - Macro Economic Scenario
5. Global LoRa and LoRaWAN Internet of Things Market Size and Growth
6. LoRa and LoRaWAN Internet of Things Market Segmentation
7. LoRa and LoRaWAN Internet of Things Market Regional and Country Analysis
8. Asia-Pacific LoRa and LoRaWAN Internet of Things Market
9. China LoRa and LoRaWAN Internet of Things Market
10. India LoRa and LoRaWAN Internet of Things Market
11. Japan LoRa and LoRaWAN Internet of Things Market
12. Australia LoRa and LoRaWAN Internet of Things Market
13. Indonesia LoRa and LoRaWAN Internet of Things Market
14. South Korea LoRa and LoRaWAN Internet of Things Market
15. Western Europe LoRa and LoRaWAN Internet of Things Market
16. UK LoRa and LoRaWAN Internet of Things Market
17. Germany LoRa and LoRaWAN Internet of Things Market
18. France LoRa and LoRaWAN Internet of Things Market
19. Italy LoRa and LoRaWAN Internet of Things Market
20. Spain LoRa and LoRaWAN Internet of Things Market
21. Eastern Europe LoRa and LoRaWAN Internet of Things Market
22. Russia LoRa and LoRaWAN Internet of Things Market
23. North America LoRa and LoRaWAN Internet of Things Market
24. USA LoRa and LoRaWAN Internet of Things Market
25. Canada LoRa and LoRaWAN Internet of Things Market
26. South America LoRa and LoRaWAN Internet of Things Market
27. Brazil LoRa and LoRaWAN Internet of Things Market
28. Middle East LoRa and LoRaWAN Internet of Things Market
29. Africa LoRa and LoRaWAN Internet of Things Market
30. LoRa and LoRaWAN Internet of Things Market Competitive Landscape and Company Profiles
31. LoRa and LoRaWAN Internet of Things Market Other Major and Innovative Companies
35. LoRa and LoRaWAN Internet of Things Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
LoRa And LoRaWAN Internet Of Things Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on LoRa and LoRaWAN internet of things market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for LoRa and LoRaWAN internet of things? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The LoRa and LoRaWAN internet of things market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Offering: Hardware; Platforms; Services2) By Network Deployment: Public Network; Private Network; Hybrid Network
3) By Application: Asset Tracking; Industrial Internet Of Things; Smart Cities; Smart Buildings; Smart Utilities; Smart Healthcare; Smart Agriculture And Livestock Management; Other Applications
4) By End User: Manufacturing; Transportation And Logistics; Energy And Utilities; Agriculture; Government And Public Safety; Healthcare; Retail; Residential; Other End Users
Key Companies Mentioned: Comcast Corporation; Amazon Web Services Inc.; Cisco Systems Inc.; Orange SA; NEC Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this LoRa and LoRaWAN Internet of Things market report include:- Comcast Corporation
- Amazon Web Services Inc.
- Cisco Systems Inc.
- Orange SA
- NEC Corporation
- SK Telecom
- Murata Manufacturing Co. Ltd.
- Advantech Co. Ltd.
- Tata Communications Limited
- Semtech Corporation
- Digi International
- Multi-Tech Systems Inc.
- Exosite
- Kerlink
- Actility SA
- RAKwireless
- Milesight Technology
- Orbiwise SA
- Datacake
- LORIOT AG
- Radio Bridge Inc
- Sensoterra
- TheThings.io
- Netmore Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 8.06 Billion |
| Forecasted Market Value ( USD | $ 27.66 Billion |
| Compound Annual Growth Rate | 36.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
