Low Power Wide Area Network (LPWAN) Market Scope
The Low Power Wide Area Network (LPWAN) market is rapidly growing as a cost-effective and energy-efficient solution for connecting IoT devices across large geographical areas. LPWAN technologies, including LoRaWAN, Narrowband IoT (NB-IoT), Sigfox, and LTE-M, provide long-range connectivity with minimal power consumption, making them ideal for applications in smart cities, industrial IoT (IIoT), agriculture, logistics, and healthcare. The demand for real-time monitoring, asset tracking, and remote sensing is fueling LPWAN adoption, particularly in sectors requiring long battery life and low data transmission rates. Governments and enterprises are investing in smart infrastructure, such as smart meters, intelligent transportation systems, and remote environmental monitoring, further driving LPWAN expansion. The integration of LPWAN with 5G is emerging as a key trend, enabling hybrid IoT networks with enhanced scalability and reliability. Additionally, private LPWAN networks are gaining traction, providing businesses with secure and customized connectivity solutions. However, challenges such as limited data transmission capabilities, network standardization issues, and security concerns remain barriers to widespread adoption. Despite these challenges, LPWAN is set to revolutionize IoT connectivity, with ongoing advancements in battery efficiency, interoperability, and global spectrum allocation positioning it as a key enabler of the future connected world.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Semtech Corporation (United States), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIot (United States), Cisco Systems (United States), Actility (France),, Weightless SIG (United Kingdom), Senet Inc. (United States), AT & T Inc.(Germany) and Huawei Technologies Co. Ltd. (China) |
CAGR | % |
Low Power Wide Area Network (LPWAN) is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Low Power Wide Area Network (LPWAN) market throughout the predicted period.
Semtech Corporation (United States), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIot (United States), Cisco Systems (United States), Actility (France),, Weightless SIG (United Kingdom), Senet Inc. (United States), AT & T Inc.(Germany) and Huawei Technologies Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ingenu (United States), Link Labs Inc. (United States), Qualcomm Inc. (United States), Telefonica SA(Spain) and Vodafone Group Plc. (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Low Power Wide Area Network (LPWAN) market by Type , by Application (Smart Gas and Water Metering, Asset Tracking, Smart Agriculture, Smart Buildings, Smart Lighting and Smart Grid) and Region with country level break-up.
On the basis of geography, the market of Low Power Wide Area Network (LPWAN) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In April 2023, proprietary technologies were opened up by Unabiz, and they also released the code library for the Sigfox 0G technology devices to the general public and developers community of IoT at large. This will make it easier for UnaBiz is making it easier to integrate the 0G capabilities into many more. Developers can integrate this into their IoT devices as well as applications and provide more efficient solutions in terms of energy efficiency, multi-connectivity, and other functionalities built into the library by students, users or developers at large.
In April 2023, Semtech Corporation extends its PerSe product portfolio by launching a brand-new integrated circuit (IC) meant for 5G mobile devices. By employing Semtech’s PerSe technology, end devices like smartphones can have sophisticated Radio Frequency Control (RFC). PerSe connects SX9376 lets designers optimize RF performance, such as enhancing connectivity with greater compliance with global Specific Absorption Rate (SAR) norms for consumer products enabled with 5G.
Influencing Trend:
Expansion of Smart Infrastructure:
Market Growth Drivers:
Growing obese population and Increasing demand for IoT connectivity in smart cities
Challenges:
Security Concerns
Restraints:
Limited Data Transmission Rates
Opportunities:
Advancements in Battery Life Optimization and Growing Demand for Sustainable Solutions
Key Target Audience
Government Authorities, Research and Development, Investors, Venture Capitalist and Third Party Knowledge Providers