Lora And Lorawan Market Synopsis
Lora And Lorawan Market Size Was Valued at USD 6.04 Billion in 2023 and is Projected to Reach USD 75.98 Billion by 2032, Growing at a CAGR of 32.49% From 2024-2032.
The demand for cost-effective and efficient IoT (Internet of Things) connectivity solutions has driven substantial growth in the LoRa (Long Range) technology and LoRaWAN (Long Range Wide Area Network) market in recent years. Semtech Corporation's LoRa technology facilitates long-distance communication with minimal power consumption, rendering it suitable for a diverse array of applications, including industrial automation, logistics, agriculture, and smart cities. The market dynamics suggest a robust expansion, with LoRaWAN emerging as a prominent LPWAN (Low Power Wide Area Network) technology due to its scalability, security features, and capacity to operate in a variety of environments. The global market is distinguished by a burgeoning ecosystem of technology providers, network operators, and solution integrators, which is facilitated by a proliferation of LoRa-enabled devices and network deployments.
- North America and Europe are the market's dominant regions, thanks to the early adoption of industrial IoT deployments and smart city initiatives. However, government initiatives and increasing investment in IoT across various sectors are propelling the Asia-Pacific region to rapidly catch up.
- Spectrum management and interoperability continue to be critical obstacles that impact market growth and standardization endeavors. Nevertheless, the global footprint of LoRaWAN networks is set to expand further as a result of ongoing advancements in LoRa technology, including improved security protocols and higher data rates, which are expected to accelerate adoption across verticals.
- In summary, the LoRa and LoRaWAN markets are in a state of perpetual evolution, fueled by technological advancements and the expansion of use cases across various industries. We anticipate sustained market growth as the demand for reliable, low-power connectivity and the number of IoT applications rise, offering substantial opportunities for stakeholders throughout the ecosystem.
Lora And Lorawan Market Trend Analysis
Expansion of Smart City Initiatives
- Globally, smart city initiatives are gaining momentum as urban centers address the challenges of accelerated urbanization and the necessity for sustainable development. These initiatives encompass a diverse range of technologies designed to enhance urban living, such as improved transportation systems, efficient energy management, and improved public services. Low-power, wide-area connectivity is essential for the Internet of Things (IoT) applications in smart cities, and LoRa (long range) and LoRaWAN (long range wide area network) are two important technologies that are driving this transformation.
- The capacity of LoRa and LoRaWAN to connect a vast number of devices over long distances while utilizing minimal power is the reason for their increasing adoption. This renders them optimal for applications including smart parking, environmental monitoring, asset tracking, and smart metering. The market for LoRa and LoRaWAN is expanding significantly as more cities deploy these networks to facilitate real-time data collection and analysis, resulting in enhanced efficiency and resource management.
- Governments and municipalities worldwide are investing in smart city infrastructure, which presents opportunities for companies that specialize in IoT and connectivity solutions such as LoRa and LoRaWAN. In addition to addressing present municipal challenges, these technologies also establish the foundation for future advancements in sectors such as healthcare, autonomous vehicles, and smart homes. We anticipate an increase in demand for robust, scalable IoT networks like LoRa and LoRaWAN in the smart city sector, as cities strive to enhance their sustainability and livability. We anticipate further innovation and market expansion as a result.
- In summary, the incorporation of LoRa and LoRaWAN technologies into smart city initiatives is a substantial trend in urban development. These technologies have the potential to significantly impact the future of urban areas, foster innovation, and improve the quality of life for urban residents globally, thanks to their ability to enable cost-effective, low-power connectivity across a variety of applications.
Industrial IoT (IIoT) Applications
- The intersection of trends and Industrial Internet of Things (IIoT) applications represents a burgeoning field with significant potential for innovation and efficiency across industries. By utilizing interconnected devices and sensors, IIoT optimizes resource utilization, monitors equipment health, and enhances operational processes in industrial settings. The increasing demand for real-time data analytics and advancements in sensor technology and connectivity solutions like LoRa (long range) and LoRaWAN (low power wide area network) are driving this trend.
- LoRa and LoRaWAN have become increasingly popular in the IIoT sector as a result of their cost-effectiveness, minimal power consumption, and long-range communication capabilities. These technologies facilitate industrial applications, including asset tracking, predictive maintenance, environmental monitoring, and smart metering. A variety of industries, including agriculture, utilities, logistics, and manufacturing, are implementing LoRaWAN to optimize decision-making processes and streamline operations.
- The demand for scalable and resilient connectivity solutions that can accommodate a diverse array of IoT devices across vast geographic regions is propelling the rapid growth of the LoRa and LoRaWAN markets. Companies are investing in LoRa-based solutions to improve safety protocols, reduce disruption, and increase operational efficiency. In addition, the interoperability of LoRaWAN devices enables seamless integration with existing infrastructure, rendering them a versatile option for a variety of industrial applications.
- The convergence of LoRa and LoRaWAN technologies with IIoT trends suggests that innovation and growth will persist in the future. We anticipate an increase in demand for scalable, secure, and reliable connectivity solutions like LoRaWAN as more industries recognize the potential of IoT-driven insights and automation. We anticipate further advancements and applications in the industrial sector as a result.
Lora And Lorawan Market Segment Analysis:
Lora And Lorawan Market Segmented on the basis of By Offering, By Application and End User
By Offering, Hardware is expected to dominate the market during the forecast period.
- The demand for IoT (Internet of Things) solutions across a variety of industries has driven significant growth in the market for LoRa (long range) and LoRaWAN (long range wide area network) technologies. Suitable for a variety of applications, including industrial IoT and smart cities, LoRa and LoRaWAN provide unique benefits, including long-range communication, low power consumption, and robustness in challenging environments.
- Devices such as sensors, gateways, and modules that enable IoT connectivity comprise the hardware segment of the LoRa and LoRaWAN markets. We intend these devices to be cost-effective, energy-efficient, and capable of transmitting data over vast distances with minimal infrastructure. The demand for LoRa-enabled hardware is driven by the necessity for scalable and dependable IoT deployments in industries such as agriculture, logistics, and utilities.
- Platforms are essential for managing and analyzing data collected from LoRa devices. They offer functionalities such as data aggregation, visualization, and integration with existing IT systems. LoRaWAN platforms are provided by companies that assist enterprises in the efficient deployment and management of IoT solutions, thereby guaranteeing seamless connectivity and actionable insights from sensor data.
- System integrators and solution providers provide deployment, maintenance, and consulting services in the LoRa and LoRaWAN markets. These services are indispensable for guaranteeing the successful implementation and administration of IoT solutions. They include ongoing support, infrastructure installation, and network planning to enhance the reliability and performance of IoT deployments.
- In summary, the LoRa and LoRaWAN market is experiencing ongoing growth as a result of the increasing adoption of IoT technology and the desire to improve operational efficiency and obtain real-time insights from connected devices in various industries. Companies that specialize in hardware, platforms, and services that are specifically designed for LoRa and LoRaWAN are well-positioned to capitalize on the opportunities that are emerging in this sector as demand continues to increase.
By Application, Asset Tracking segment held the largest share in 2023
- The LoRa and LoRaWAN technologies have found extensive applications across various sectors, including asset tracking, industrial IoT, smart cities, smart agriculture and livestock management, smart buildings, smart healthcare, and more. These technologies offer robust solutions for connecting devices and sensors over long distances with low power consumption, making them ideal for diverse applications. In asset tracking, LoRa and LoRaWAN enable real-time monitoring of valuable assets such as vehicles, equipment, and shipments. These systems provide location tracking, status updates, and environmental monitoring capabilities, ensuring efficient logistics management and asset utilization.
- In industrial IoT, LoRa and LoRaWAN facilitate connectivity for sensors and devices in manufacturing plants, enabling predictive maintenance, remote monitoring of equipment health, and optimizing operational efficiency. The low power requirements of LoRaWAN devices make them suitable for large-scale deployments in industrial environments. Smart cities leverage LoRaWAN for various applications including smart parking, waste management, environmental monitoring, and infrastructure management. These technologies enable cities to enhance public services, reduce traffic congestion, and improve overall sustainability through data-driven decision-making.
- Smart agriculture and livestock management benefit from LoRa and LoRaWAN by enabling precision farming techniques, soil monitoring, livestock tracking, and environmental sensing. Farmers can optimize resource use, improve crop yields, and ensure the health and safety of livestock with these IoT solutions. In smart buildings, LoRaWAN supports energy management, occupancy monitoring, and predictive maintenance of facilities. These applications help building managers reduce operational costs, enhance occupant comfort, and ensure efficient use of resources.
- Smart healthcare applications include remote patient monitoring, asset tracking within medical facilities, and environmental monitoring in healthcare settings. LoRaWAN technology enables reliable data transmission critical for patient care, asset management, and maintaining optimal healthcare environments. Overall, the LoRa and LoRaWAN market continues to expand across these diverse sectors, driven by the need for efficient, scalable, and cost-effective IoT solutions that can operate over long distances with minimal power consumption.
Lora And Lorawan Market Regional Insights:
Asia Pacific dominated the largest market in 2023
- In 2024, the Asia Pacific region solidified its position as the largest market for LoRa (Long Range) and LoRaWAN technologies. This dominance can be attributed to several key factors driving the adoption and expansion of these technologies across various sectors. One significant factor is the region's vast population and rapid urbanization, which have created immense opportunities for smart city initiatives, industrial automation, and agricultural modernization. Governments and businesses in countries like China, India, and Japan have been particularly proactive in deploying IoT (Internet of Things) solutions powered by LoRa and LoRaWAN to enhance efficiency and sustainability.
- Furthermore, Asia Pacific's robust manufacturing base and leadership in electronics production play a crucial role in the proliferation of IoT devices utilizing LoRa and LoRaWAN technologies. The presence of leading semiconductor manufacturers and tech giants investing heavily in IoT infrastructure has bolstered the region's capability to drive innovation and scale production. This technological ecosystem fosters collaborations between startups, established enterprises, and government bodies to develop and implement cutting-edge IoT solutions tailored to local and regional needs.
- Moreover, regulatory support and favourable policies promoting IoT adoption have contributed significantly to the growth of the LoRa and LoRaWAN market in Asia Pacific. Governments have introduced initiatives aimed at creating smart cities, improving public services, and optimizing resource management, which are often underpinned by these wireless technologies. This regulatory environment encourages investment in IoT infrastructure and facilitates partnerships between public and private sectors to accelerate digital transformation initiatives.
- Looking ahead, Asia Pacific's dominance in the LoRa and LoRaWAN market is expected to continue expanding as industries embrace the benefits of low-power, wide-area networking for diverse applications such as asset tracking, environmental monitoring, and smart metering. The region's proactive approach towards digitalization and its capacity to innovate are likely to reinforce its position as a global leader in IoT deployment, driving further advancements in connectivity and operational efficiency across various sectors.
Active Key Players in the Lora and Lorawan Market
- Cisco
- NEC Corporation
- Tata Communications
- Semtech
- Orange SA
- Advantech
- Comcast
- AWS
- Bosch
- Murata, Other Active players
Global Lora and Lorawan Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.04 Bn. |
Forecast Period 2024-32 CAGR: |
32.49% |
Market Size in 2032: |
USD 75.98 Bn. |
Segments Covered: |
By Offering |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
ā3.1 Market Dynamics
āā3.1.1 Drivers
āā3.1.2 Restraints
āā3.1.3 Opportunities
āā3.1.4 Challenges
ā3.2 Market Trend Analysis
ā3.3 PESTLE Analysis
ā3.4 Porter's Five Forces Analysis
ā3.5 Industry Value Chain Analysis
ā3.6 Ecosystem
ā3.7 Regulatory Landscape
ā3.8 Price Trend Analysis
ā3.9 Patent Analysis
ā3.10 Technology Evolution
ā3.11 Investment Pockets
ā3.12 Import-Export Analysis
Chapter 4: Lora and Lorawan Market by Offering
ā4.1 Lora and Lorawan Market Snapshot and Growth Engine
ā4.2 Lora and Lorawan Market Overview
ā4.3 Hardware
āā4.3.1 Introduction and Market Overview
āā4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.3.3 Key Market Trends, Growth Factors and Opportunities
āā4.3.4 Hardware: Geographic Segmentation Analysis
ā4.4 Platform
āā4.4.1 Introduction and Market Overview
āā4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.4.3 Key Market Trends, Growth Factors and Opportunities
āā4.4.4 Platform: Geographic Segmentation Analysis
ā4.5 Services
āā4.5.1 Introduction and Market Overview
āā4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.5.3 Key Market Trends, Growth Factors and Opportunities
āā4.5.4 Services: Geographic Segmentation Analysis
Chapter 5: Lora and Lorawan Market by Application
ā5.1 Lora and Lorawan Market Snapshot and Growth Engine
ā5.2 Lora and Lorawan Market Overview
ā5.3 Asset Tracking
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Asset Tracking: Geographic Segmentation Analysis
ā5.4 Industrial IoT
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Industrial IoT: Geographic Segmentation Analysis
ā5.5 Smart Cities
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Smart Cities: Geographic Segmentation Analysis
ā5.6 Smart Agriculture & Livestock Management
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Smart Agriculture & Livestock Management: Geographic Segmentation Analysis
ā5.7 Smart Buildings
āā5.7.1 Introduction and Market Overview
āā5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.7.3 Key Market Trends, Growth Factors and Opportunities
āā5.7.4 Smart Buildings: Geographic Segmentation Analysis
ā5.8 Smart Healthcare
āā5.8.1 Introduction and Market Overview
āā5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.8.3 Key Market Trends, Growth Factors and Opportunities
āā5.8.4 Smart Healthcare: Geographic Segmentation Analysis
Chapter 6: Lora and Lorawan Market by End User
ā6.1 Lora and Lorawan Market Snapshot and Growth Engine
ā6.2 Lora and Lorawan Market Overview
ā6.3 Retail
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Retail: Geographic Segmentation Analysis
ā6.4 Manufacturing
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Manufacturing: Geographic Segmentation Analysis
ā6.5 Transportation & Logistics
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Transportation & Logistics: Geographic Segmentation Analysis
ā6.6 Agriculture
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Agriculture: Geographic Segmentation Analysis
ā6.7 Healthcare
āā6.7.1 Introduction and Market Overview
āā6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.7.3 Key Market Trends, Growth Factors and Opportunities
āā6.7.4 Healthcare: Geographic Segmentation Analysis
ā6.8 Energy & Utilities
āā6.8.1 Introduction and Market Overview
āā6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.8.3 Key Market Trends, Growth Factors and Opportunities
āā6.8.4 Energy & Utilities: Geographic Segmentation Analysis
ā6.9 Government & Public Safety
āā6.9.1 Introduction and Market Overview
āā6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.9.3 Key Market Trends, Growth Factors and Opportunities
āā6.9.4 Government & Public Safety: Geographic Segmentation Analysis
ā6.10 Enterprise
āā6.10.1 Introduction and Market Overview
āā6.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.10.3 Key Market Trends, Growth Factors and Opportunities
āā6.10.4 Enterprise: Geographic Segmentation Analysis
ā6.11 Residential
āā6.11.1 Introduction and Market Overview
āā6.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.11.3 Key Market Trends, Growth Factors and Opportunities
āā6.11.4 Residential: Geographic Segmentation Analysis
ā6.12 Travel & Hospitality
āā6.12.1 Introduction and Market Overview
āā6.12.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.12.3 Key Market Trends, Growth Factors and Opportunities
āā6.12.4 Travel & Hospitality: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Benchmarking
āā7.1.2 Lora and Lorawan Market Share by Manufacturer (2023)
āā7.1.3 Industry BCG Matrix
āā7.1.4 Heat Map Analysis
āā7.1.5 Mergers and Acquisitions
āā
ā7.2 CISCO
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Role of the Company in the Market
āā7.2.5 Sustainability and Social Responsibility
āā7.2.6 Operating Business Segments
āā7.2.7 Product Portfolio
āā7.2.8 Business Performance
āā7.2.9 Key Strategic Moves and Recent Developments
āā7.2.10 SWOT Analysis
ā7.3 NEC CORPORATION
ā7.4 TATA COMMUNICATIONS
ā7.5 SEMTECH
ā7.6 ORANGE SA
ā7.7 ADVANTECH
ā7.8 COMCAST
ā7.9 AWS
ā7.10 BOSCH
ā7.11 MURATA
ā7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Lora and Lorawan Market By Region
ā8.1 Overview
ā8.2. North America Lora and Lorawan Market
āā8.2.1 Key Market Trends, Growth Factors and Opportunities
āā8.2.2 Top Key Companies
āā8.2.3 Historic and Forecasted Market Size by Segments
āā8.2.4 Historic and Forecasted Market Size By Offering
āāā8.2.4.1 Hardware
āāā8.2.4.2 Platform
āāā8.2.4.3 Services
āā8.2.5 Historic and Forecasted Market Size By Application
āāā8.2.5.1 Asset Tracking
āāā8.2.5.2 Industrial IoT
āāā8.2.5.3 Smart Cities
āāā8.2.5.4 Smart Agriculture & Livestock Management
āāā8.2.5.5 Smart Buildings
āāā8.2.5.6 Smart Healthcare
āā8.2.6 Historic and Forecasted Market Size By End User
āāā8.2.6.1 Retail
āāā8.2.6.2 Manufacturing
āāā8.2.6.3 Transportation & Logistics
āāā8.2.6.4 Agriculture
āāā8.2.6.5 Healthcare
āāā8.2.6.6 Energy & Utilities
āāā8.2.6.7 Government & Public Safety
āāā8.2.6.8 Enterprise
āāā8.2.6.9 Residential
āāā8.2.6.10 Travel & Hospitality
āā8.2.7 Historic and Forecast Market Size by Country
āāā8.2.7.1 US
āāā8.2.7.2 Canada
āāā8.2.7.3 Mexico
ā8.3. Eastern Europe Lora and Lorawan Market
āā8.3.1 Key Market Trends, Growth Factors and Opportunities
āā8.3.2 Top Key Companies
āā8.3.3 Historic and Forecasted Market Size by Segments
āā8.3.4 Historic and Forecasted Market Size By Offering
āāā8.3.4.1 Hardware
āāā8.3.4.2 Platform
āāā8.3.4.3 Services
āā8.3.5 Historic and Forecasted Market Size By Application
āāā8.3.5.1 Asset Tracking
āāā8.3.5.2 Industrial IoT
āāā8.3.5.3 Smart Cities
āāā8.3.5.4 Smart Agriculture & Livestock Management
āāā8.3.5.5 Smart Buildings
āāā8.3.5.6 Smart Healthcare
āā8.3.6 Historic and Forecasted Market Size By End User
āāā8.3.6.1 Retail
āāā8.3.6.2 Manufacturing
āāā8.3.6.3 Transportation & Logistics
āāā8.3.6.4 Agriculture
āāā8.3.6.5 Healthcare
āāā8.3.6.6 Energy & Utilities
āāā8.3.6.7 Government & Public Safety
āāā8.3.6.8 Enterprise
āāā8.3.6.9 Residential
āāā8.3.6.10 Travel & Hospitality
āā8.3.7 Historic and Forecast Market Size by Country
āāā8.3.7.1 Bulgaria
āāā8.3.7.2 The Czech Republic
āāā8.3.7.3 Hungary
āāā8.3.7.4 Poland
āāā8.3.7.5 Romania
āāā8.3.7.6 Rest of Eastern Europe
ā8.4. Western Europe Lora and Lorawan Market
āā8.4.1 Key Market Trends, Growth Factors and Opportunities
āā8.4.2 Top Key Companies
āā8.4.3 Historic and Forecasted Market Size by Segments
āā8.4.4 Historic and Forecasted Market Size By Offering
āāā8.4.4.1 Hardware
āāā8.4.4.2 Platform
āāā8.4.4.3 Services
āā8.4.5 Historic and Forecasted Market Size By Application
āāā8.4.5.1 Asset Tracking
āāā8.4.5.2 Industrial IoT
āāā8.4.5.3 Smart Cities
āāā8.4.5.4 Smart Agriculture & Livestock Management
āāā8.4.5.5 Smart Buildings
āāā8.4.5.6 Smart Healthcare
āā8.4.6 Historic and Forecasted Market Size By End User
āāā8.4.6.1 Retail
āāā8.4.6.2 Manufacturing
āāā8.4.6.3 Transportation & Logistics
āāā8.4.6.4 Agriculture
āāā8.4.6.5 Healthcare
āāā8.4.6.6 Energy & Utilities
āāā8.4.6.7 Government & Public Safety
āāā8.4.6.8 Enterprise
āāā8.4.6.9 Residential
āāā8.4.6.10 Travel & Hospitality
āā8.4.7 Historic and Forecast Market Size by Country
āāā8.4.7.1 Germany
āāā8.4.7.2 UK
āāā8.4.7.3 France
āāā8.4.7.4 Netherlands
āāā8.4.7.5 Italy
āāā8.4.7.6 Russia
āāā8.4.7.7 Spain
āāā8.4.7.8 Rest of Western Europe
ā8.5. Asia Pacific Lora and Lorawan Market
āā8.5.1 Key Market Trends, Growth Factors and Opportunities
āā8.5.2 Top Key Companies
āā8.5.3 Historic and Forecasted Market Size by Segments
āā8.5.4 Historic and Forecasted Market Size By Offering
āāā8.5.4.1 Hardware
āāā8.5.4.2 Platform
āāā8.5.4.3 Services
āā8.5.5 Historic and Forecasted Market Size By Application
āāā8.5.5.1 Asset Tracking
āāā8.5.5.2 Industrial IoT
āāā8.5.5.3 Smart Cities
āāā8.5.5.4 Smart Agriculture & Livestock Management
āāā8.5.5.5 Smart Buildings
āāā8.5.5.6 Smart Healthcare
āā8.5.6 Historic and Forecasted Market Size By End User
āāā8.5.6.1 Retail
āāā8.5.6.2 Manufacturing
āāā8.5.6.3 Transportation & Logistics
āāā8.5.6.4 Agriculture
āāā8.5.6.5 Healthcare
āāā8.5.6.6 Energy & Utilities
āāā8.5.6.7 Government & Public Safety
āāā8.5.6.8 Enterprise
āāā8.5.6.9 Residential
āāā8.5.6.10 Travel & Hospitality
āā8.5.7 Historic and Forecast Market Size by Country
āāā8.5.7.1 China
āāā8.5.7.2 India
āāā8.5.7.3 Japan
āāā8.5.7.4 South Korea
āāā8.5.7.5 Malaysia
āāā8.5.7.6 Thailand
āāā8.5.7.7 Vietnam
āāā8.5.7.8 The Philippines
āāā8.5.7.9 Australia
āāā8.5.7.10 New Zealand
āāā8.5.7.11 Rest of APAC
ā8.6. Middle East & Africa Lora and Lorawan Market
āā8.6.1 Key Market Trends, Growth Factors and Opportunities
āā8.6.2 Top Key Companies
āā8.6.3 Historic and Forecasted Market Size by Segments
āā8.6.4 Historic and Forecasted Market Size By Offering
āāā8.6.4.1 Hardware
āāā8.6.4.2 Platform
āāā8.6.4.3 Services
āā8.6.5 Historic and Forecasted Market Size By Application
āāā8.6.5.1 Asset Tracking
āāā8.6.5.2 Industrial IoT
āāā8.6.5.3 Smart Cities
āāā8.6.5.4 Smart Agriculture & Livestock Management
āāā8.6.5.5 Smart Buildings
āāā8.6.5.6 Smart Healthcare
āā8.6.6 Historic and Forecasted Market Size By End User
āāā8.6.6.1 Retail
āāā8.6.6.2 Manufacturing
āāā8.6.6.3 Transportation & Logistics
āāā8.6.6.4 Agriculture
āāā8.6.6.5 Healthcare
āāā8.6.6.6 Energy & Utilities
āāā8.6.6.7 Government & Public Safety
āāā8.6.6.8 Enterprise
āāā8.6.6.9 Residential
āāā8.6.6.10 Travel & Hospitality
āā8.6.7 Historic and Forecast Market Size by Country
āāā8.6.7.1 Turkey
āāā8.6.7.2 Bahrain
āāā8.6.7.3 Kuwait
āāā8.6.7.4 Saudi Arabia
āāā8.6.7.5 Qatar
āāā8.6.7.6 UAE
āāā8.6.7.7 Israel
āāā8.6.7.8 South Africa
ā8.7. South America Lora and Lorawan Market
āā8.7.1 Key Market Trends, Growth Factors and Opportunities
āā8.7.2 Top Key Companies
āā8.7.3 Historic and Forecasted Market Size by Segments
āā8.7.4 Historic and Forecasted Market Size By Offering
āāā8.7.4.1 Hardware
āāā8.7.4.2 Platform
āāā8.7.4.3 Services
āā8.7.5 Historic and Forecasted Market Size By Application
āāā8.7.5.1 Asset Tracking
āāā8.7.5.2 Industrial IoT
āāā8.7.5.3 Smart Cities
āāā8.7.5.4 Smart Agriculture & Livestock Management
āāā8.7.5.5 Smart Buildings
āāā8.7.5.6 Smart Healthcare
āā8.7.6 Historic and Forecasted Market Size By End User
āāā8.7.6.1 Retail
āāā8.7.6.2 Manufacturing
āāā8.7.6.3 Transportation & Logistics
āāā8.7.6.4 Agriculture
āāā8.7.6.5 Healthcare
āāā8.7.6.6 Energy & Utilities
āāā8.7.6.7 Government & Public Safety
āāā8.7.6.8 Enterprise
āāā8.7.6.9 Residential
āāā8.7.6.10 Travel & Hospitality
āā8.7.7 Historic and Forecast Market Size by Country
āāā8.7.7.1 Brazil
āāā8.7.7.2 Argentina
āāā8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
Global Lora and Lorawan Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.04 Bn. |
Forecast Period 2024-32 CAGR: |
32.49% |
Market Size in 2032: |
USD 75.98 Bn. |
Segments Covered: |
By Offering |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Lora and Lorawan Market research report is 2024-2032.
Cisco, NEC Corporation, Tata Communications, Semtech, Orange SA, Advantech, Comcast, AWS, Bosch, Murata, and Other Key players
The By Offering (Hardware, Platform and Services), Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture and Livestock Management, Smart Buildings, Smart Healthcare and Other Applications), End User (Retail, Manufacturing, Transportation & Logistics, Agriculture, Healthcare, Energy & Utilities, Government & Public Safety, Enterprise, Residential, Travel & Hospitality) and By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
LoRa (Long Range) refers to a wireless communication technology developed to enable low-power, wide-area networks (LPWANs). It utilizes spread spectrum modulation techniques to achieve long-range communication with low power consumption, making it suitable for Internet of Things (IoT) and machine-to-machine (M2M) applications. LoRaWAN, on the other hand, is a protocol built on top of LoRa technology that defines the communication protocol and system architecture for managing communication between LoRa-enabled devices and a central network infrastructure. LoRaWAN enables secure, bidirectional communication, supporting large-scale deployments over public or private networks, thereby facilitating the growth of IoT solutions with its robustness and scalability.
Lora And Lorawan Market Size Was Valued at USD 6.04 Billion in 2023 and is Projected to Reach USD 75.98 Billion by 2032, Growing at a CAGR of 32.49% From 2024-2032.