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

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

  • Hardware
  • Platform and Services

By Application

  • Asset Tracking, Industrial IoT
  •  Smart Cities
  • Smart Agriculture and Livestock Management
  • Smart Buildings
  •  Smart Healthcare
  •  Other Applications

By End User

  • Retail
  •  Manufacturing
  •  Transportation & Logistics
  •  Agriculture
  •  Healthcare
  •  Energy & Utilities
  •  Government & Public Safety
  •  Enterprise
  • Residential
  • Travel & Hospitality

By Region

  • 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, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Long Range Connectivity

Key Market Restraints:

  • Bandwidth Limitations

Key Opportunities:

  • Integration with AI and Analytics

Companies Covered in the report:

  • Cisco, NEC Corporation, Tata Communications, Semtech,Orange SA, Advantech, Comcast, AWS, Bosch, Murata And Other Key player

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Lora and Lorawan Market by Offering
 4.1 Lora and Lorawan Market Snapshot and Growth Engine
 4.2 Lora and Lorawan Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Geographic Segmentation Analysis
 4.4 Platform
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Platform: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Geographic Segmentation Analysis

Chapter 5: Lora and Lorawan Market by Application
 5.1 Lora and Lorawan Market Snapshot and Growth Engine
 5.2 Lora and Lorawan Market Overview
 5.3 Asset Tracking
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Asset Tracking: Geographic Segmentation Analysis
 5.4 Industrial IoT
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Industrial IoT: Geographic Segmentation Analysis
 5.5 Smart Cities
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Smart Cities: Geographic Segmentation Analysis
 5.6 Smart Agriculture & Livestock Management
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Smart Agriculture & Livestock Management: Geographic Segmentation Analysis
 5.7 Smart Buildings
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Smart Buildings: Geographic Segmentation Analysis
 5.8 Smart Healthcare
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Smart Healthcare: Geographic Segmentation Analysis

Chapter 6: Lora and Lorawan Market by End User
 6.1 Lora and Lorawan Market Snapshot and Growth Engine
 6.2 Lora and Lorawan Market Overview
 6.3 Retail
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Retail: Geographic Segmentation Analysis
 6.4 Manufacturing
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Manufacturing: Geographic Segmentation Analysis
 6.5 Transportation & Logistics
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Transportation & Logistics: Geographic Segmentation Analysis
 6.6 Agriculture
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Agriculture: Geographic Segmentation Analysis
 6.7 Healthcare
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Healthcare: Geographic Segmentation Analysis
 6.8 Energy & Utilities
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Energy & Utilities: Geographic Segmentation Analysis
 6.9 Government & Public Safety
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Government & Public Safety: Geographic Segmentation Analysis
 6.10 Enterprise
  6.10.1 Introduction and Market Overview
  6.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.10.3 Key Market Trends, Growth Factors and Opportunities
  6.10.4 Enterprise: Geographic Segmentation Analysis
 6.11 Residential
  6.11.1 Introduction and Market Overview
  6.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.11.3 Key Market Trends, Growth Factors and Opportunities
  6.11.4 Residential: Geographic Segmentation Analysis
 6.12 Travel & Hospitality
  6.12.1 Introduction and Market Overview
  6.12.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.12.3 Key Market Trends, Growth Factors and Opportunities
  6.12.4 Travel & Hospitality: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Lora and Lorawan Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 CISCO
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 NEC CORPORATION
 7.4 TATA COMMUNICATIONS
 7.5 SEMTECH
 7.6 ORANGE SA
 7.7 ADVANTECH
 7.8 COMCAST
 7.9 AWS
 7.10 BOSCH
 7.11 MURATA
 7.12 OTHER ACTIVE PLAYERS

Chapter 8: Global Lora and Lorawan Market By Region
 8.1 Overview
 8.2. North America Lora and Lorawan Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Offering
   8.2.4.1 Hardware
   8.2.4.2 Platform
   8.2.4.3 Services
  8.2.5 Historic and Forecasted Market Size By Application
   8.2.5.1 Asset Tracking
   8.2.5.2 Industrial IoT
   8.2.5.3 Smart Cities
   8.2.5.4 Smart Agriculture & Livestock Management
   8.2.5.5 Smart Buildings
   8.2.5.6 Smart Healthcare
  8.2.6 Historic and Forecasted Market Size By End User
   8.2.6.1 Retail
   8.2.6.2 Manufacturing
   8.2.6.3 Transportation & Logistics
   8.2.6.4 Agriculture
   8.2.6.5 Healthcare
   8.2.6.6 Energy & Utilities
   8.2.6.7 Government & Public Safety
   8.2.6.8 Enterprise
   8.2.6.9 Residential
   8.2.6.10 Travel & Hospitality
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Lora and Lorawan Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Offering
   8.3.4.1 Hardware
   8.3.4.2 Platform
   8.3.4.3 Services
  8.3.5 Historic and Forecasted Market Size By Application
   8.3.5.1 Asset Tracking
   8.3.5.2 Industrial IoT
   8.3.5.3 Smart Cities
   8.3.5.4 Smart Agriculture & Livestock Management
   8.3.5.5 Smart Buildings
   8.3.5.6 Smart Healthcare
  8.3.6 Historic and Forecasted Market Size By End User
   8.3.6.1 Retail
   8.3.6.2 Manufacturing
   8.3.6.3 Transportation & Logistics
   8.3.6.4 Agriculture
   8.3.6.5 Healthcare
   8.3.6.6 Energy & Utilities
   8.3.6.7 Government & Public Safety
   8.3.6.8 Enterprise
   8.3.6.9 Residential
   8.3.6.10 Travel & Hospitality
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Lora and Lorawan Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Offering
   8.4.4.1 Hardware
   8.4.4.2 Platform
   8.4.4.3 Services
  8.4.5 Historic and Forecasted Market Size By Application
   8.4.5.1 Asset Tracking
   8.4.5.2 Industrial IoT
   8.4.5.3 Smart Cities
   8.4.5.4 Smart Agriculture & Livestock Management
   8.4.5.5 Smart Buildings
   8.4.5.6 Smart Healthcare
  8.4.6 Historic and Forecasted Market Size By End User
   8.4.6.1 Retail
   8.4.6.2 Manufacturing
   8.4.6.3 Transportation & Logistics
   8.4.6.4 Agriculture
   8.4.6.5 Healthcare
   8.4.6.6 Energy & Utilities
   8.4.6.7 Government & Public Safety
   8.4.6.8 Enterprise
   8.4.6.9 Residential
   8.4.6.10 Travel & Hospitality
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Lora and Lorawan Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Offering
   8.5.4.1 Hardware
   8.5.4.2 Platform
   8.5.4.3 Services
  8.5.5 Historic and Forecasted Market Size By Application
   8.5.5.1 Asset Tracking
   8.5.5.2 Industrial IoT
   8.5.5.3 Smart Cities
   8.5.5.4 Smart Agriculture & Livestock Management
   8.5.5.5 Smart Buildings
   8.5.5.6 Smart Healthcare
  8.5.6 Historic and Forecasted Market Size By End User
   8.5.6.1 Retail
   8.5.6.2 Manufacturing
   8.5.6.3 Transportation & Logistics
   8.5.6.4 Agriculture
   8.5.6.5 Healthcare
   8.5.6.6 Energy & Utilities
   8.5.6.7 Government & Public Safety
   8.5.6.8 Enterprise
   8.5.6.9 Residential
   8.5.6.10 Travel & Hospitality
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Lora and Lorawan Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Offering
   8.6.4.1 Hardware
   8.6.4.2 Platform
   8.6.4.3 Services
  8.6.5 Historic and Forecasted Market Size By Application
   8.6.5.1 Asset Tracking
   8.6.5.2 Industrial IoT
   8.6.5.3 Smart Cities
   8.6.5.4 Smart Agriculture & Livestock Management
   8.6.5.5 Smart Buildings
   8.6.5.6 Smart Healthcare
  8.6.6 Historic and Forecasted Market Size By End User
   8.6.6.1 Retail
   8.6.6.2 Manufacturing
   8.6.6.3 Transportation & Logistics
   8.6.6.4 Agriculture
   8.6.6.5 Healthcare
   8.6.6.6 Energy & Utilities
   8.6.6.7 Government & Public Safety
   8.6.6.8 Enterprise
   8.6.6.9 Residential
   8.6.6.10 Travel & Hospitality
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Lora and Lorawan Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Offering
   8.7.4.1 Hardware
   8.7.4.2 Platform
   8.7.4.3 Services
  8.7.5 Historic and Forecasted Market Size By Application
   8.7.5.1 Asset Tracking
   8.7.5.2 Industrial IoT
   8.7.5.3 Smart Cities
   8.7.5.4 Smart Agriculture & Livestock Management
   8.7.5.5 Smart Buildings
   8.7.5.6 Smart Healthcare
  8.7.6 Historic and Forecasted Market Size By End User
   8.7.6.1 Retail
   8.7.6.2 Manufacturing
   8.7.6.3 Transportation & Logistics
   8.7.6.4 Agriculture
   8.7.6.5 Healthcare
   8.7.6.6 Energy & Utilities
   8.7.6.7 Government & Public Safety
   8.7.6.8 Enterprise
   8.7.6.9 Residential
   8.7.6.10 Travel & Hospitality
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 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

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

  • Hardware
  • Platform and Services

By Application

  • Asset Tracking, Industrial IoT
  •  Smart Cities
  • Smart Agriculture and Livestock Management
  • Smart Buildings
  •  Smart Healthcare
  •  Other Applications

By End User

  • Retail
  •  Manufacturing
  •  Transportation & Logistics
  •  Agriculture
  •  Healthcare
  •  Energy & Utilities
  •  Government & Public Safety
  •  Enterprise
  • Residential
  • Travel & Hospitality

By Region

  • 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, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Long Range Connectivity

Key Market Restraints:

  • Bandwidth Limitations

Key Opportunities:

  • Integration with AI and Analytics

Companies Covered in the report:

  • Cisco, NEC Corporation, Tata Communications, Semtech,Orange SA, Advantech, Comcast, AWS, Bosch, Murata And Other Key player
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Frequently Asked Questions :

What would be the forecast period in the Lora and Lorawan Market research report?

The forecast period in the Lora and Lorawan Market research report is 2024-2032.

Who are the key players in the Lora and Lorawan Leather Market?

Cisco, NEC Corporation, Tata Communications, Semtech, Orange SA, Advantech, Comcast, AWS, Bosch, Murata, and Other Key players

What are the segments of the Lora and Lorawan Market?

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.).

What is the Lora and Lorawan Market?

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.

How big is the Lora And Lorawan Market?

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.