LoRa and LoRaWAN IoT Trends and Forecast
The future of the global LoRa and LoRaWAN IoT market looks promising with opportunities in the retail, manufacturing, healthcare, energy & utility, and residential sectors. The global LoRa and LoRaWAN IoT market is expected to reach an estimated $49.9 billion by 2030 with a CAGR of 36.0% from 2024 to 2030. The major drivers for this market are rapid expansion of smart cities and rising demand for long-distance and low-power wide area network connectivity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
LoRa and LoRaWAN IoT by Segment
The study includes a forecast for the global LoRa and LoRaWAN IoT by product, application, end use, and region.
LoRa and LoRaWAN IoT Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
LoRa and LoRaWAN IoT Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Asset Tracking
• Industrial IoT
• Smart Cities
• Smart Agriculture and Livestock Management
• Smart Buildings
• Smart Healthcare
• Others
LoRa and LoRaWAN IoT Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail
• Manufacturing
• Healthcare
• Energy & Utilities
• Residential
• Others
LoRa and LoRaWAN IoT Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of LoRa and LoRaWAN IoT Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies LoRa and LoRaWAN IoT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LoRa and LoRaWAN IoT companies profiled in this report include-
• Cisco
• NEC
• Tata Communication
• Semtech
• Orange
LoRa and LoRaWAN IoT Market Insights
Lucintel forecasts that hardware is expected to witness the highest growth over the forecast period.
Within this market, manufacturing is expected to witness the highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global LoRa and LoRaWAN IoT Market
Market Size Estimates: LoRa and LoRaWAN IoT market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: LoRa and LoRaWAN IoT market size by product, application, end use, and region in terms of value ($B).
Regional Analysis: LoRa and LoRaWAN IoT market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, end uses, and regions for the LoRa and LoRaWAN IoT market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the LoRa and LoRaWAN IoT market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the LoRa and LoRaWAN IoT market size?
Answer: The global LoRa and LoRaWAN IoT market is expected to reach an estimated $49.9 billion by 2030.
Q2. What is the growth forecast for LoRa and LoRaWAN IoT market?
Answer: The global LoRa and LoRaWAN IoT market is expected to grow with a CAGR of 36.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the LoRa and LoRaWAN IoT market?
Answer: The major drivers for this market are rapid expansion of smart cities and rising demand for long-distance and low-power wide area network connectivity.
Q4. What are the major segments for LoRa and LoRaWAN IoT market?
Answer: The future of the LoRa and LoRaWAN IoT market looks promising with opportunities in the retail, manufacturing, healthcare, energy & utility, and residential sectors.
Q5. Who are the key LoRa and LoRaWAN IoT market companies?
Answer: Some of the key LoRa and LoRaWAN IoT companies are as follows:
• Cisco
• NEC
• Tata Communication
• Semtech
• Orange
Q6. Which LoRa and LoRaWAN IoT market segment will be the largest in future?
Answer: Lucintel forecasts that hardware is expected to witness the highest growth over the forecast period.
Q7. In LoRa and LoRaWAN IoT market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the LoRa and LoRaWAN IoT market by product (hardware, software, and services), application (asset tracking, industrial iot, smart cities, smart agriculture and livestock management, smart buildings, smart healthcare, and others), end use (retail, manufacturing, healthcare, energy & utilities, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to LoRa and LoRaWAN IoT Market, LoRa and LoRaWAN IoT Market Size, LoRa and LoRaWAN IoT Market Growth, LoRa and LoRaWAN IoT Market Analysis, LoRa and LoRaWAN IoT Market Report, LoRa and LoRaWAN IoT Market Share, LoRa and LoRaWAN IoT Market Trends, LoRa and LoRaWAN IoT Market Forecast, LoRa and LoRaWAN IoT Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.