Low Power Wide Area Network Market Scope
Low Power Wide Area (LPWA) technology is a wireless technology suitable to the specific needs of Machine-to-Machine (M2M) and IoT devices. Majority of IoT devices, especially those used in smart cities and industry, do not require the same speed and bandwidth as consumer cellular devices, but they include the long-term stability of conventional LTE cellular networks which is enabled using LPWA. This has led to growth in LPWA market. LPWA’s are characterized as long-range, power efficient technology at lower costs.
The Low Power Wide Area Network market study is segmented by Type (Public Sector and Private Sector), by Application (Agriculture, Smart Logistic and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Low Power Wide Area Network market throughout the predicted period.
Semtech Corporation (United States), LORIOT AG (Switzerland), NWave Technologies (United Kingdom), Sigfox (France), WAV IoT (United States), Actility (France), Ingenu (United States), Link Labs (United States), Senet Inc. (United Kingdom) and Ubiik Inc. (Taiwan) are some of the key players that are part of study coverage.
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 total available market.
Segmentation Overview
AMA Research has segmented the market of Global Low Power Wide Area Network market by Type, Application and Region.
On the basis of geography, the market of Low Power Wide Area Network 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).
Market Leaders and their expansionary development strategies
On 20th November, 2019 - Iota Communications (IoT Solution Provider) Announced its Acquisition of Link Labs' Patented Technology and CTO Appointment. This Acquisition of Key Patent Technology is a Part of Iotas’ Plan to Develop Large-Scale Energy Efficient Internet of Things Network at Lower Costs., On 16th April, 2019 - GLI Group Acquired SeNet International Corporation, Motive Behind the Acquisition was to Add Enhanced Information Technology Security Capabilities GLI’s Client Base and On 18th September, 2020 – SigFox Announced its Strategic Merger with Cube Infrastructure Managers, The Allaince is Intended to Enhance SigFox’s German 0G Network IoT with Cube Infra.
Market Trend
- Growing Adoption of Wireless Technologies
- Increasing Internet Usage across Regions
Market Drivers
- Superiority of the Technology in Terms of Energy and Cost Efficiency
- Longer Range and Wide Coverage Capabilities
Opportunities
- Unexplored Markets
- Increasing Investment in Research and Development
Restraints
- Slow Bitrate Capabilities
Challenges
- Non-Applicable in Low Latency Devices
Key Target Audience
LPWAN Solution Providers, Venture Capitalists, New Entrants and Investors, Telecom Operators, Software Solution Providers, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others