Global Low power wide area network Market is valued approximately at USD 3.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 54% over the forecast period 2019-2026. LPWAN technology offers long range connectivity that enables devices to move over large geospatial areas. LPWAN technology uses modulation techniques to achieve a link budget of 150± 10 dB that enables long range connectivity such as few kilometers in urban areas and up to 10 kilometers range in rural areas.
This long-range connectivity is due to use of sub-1GHz band. Use of Sub-GHz band in most LPWAN offers reliable and robust communication at a low power requirement. Sub-GHz band as compared to 2.4 GHz mostly used in Wi-Fi, Bluetooth, ZigBee and other home appliances, offer lower frequency signals that enables less attenuation and multipath fading caused by obstacles and dense surface such as concrete walls.
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Also, Sub-GHz is less congested as compared to 2.4 GHz used in wireless technology this low congestion of Sub-1GHz results in high reliability as compared to other wireless technology and enables long range connectivity in devices. Increasing demand for long range connectivity between devices are expected to fuel the demand of LPWAN, increasing adoption of IoT and m2m application and low cost of technology are key driving factors of market growth. Apart from this, emerging smart cities and smart buildings coupled with deployment of intelligent devices is expected to create significant growth opportunity in the market over the forecast period. However, lack of a governance policies impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Low power wide area network market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the rise in the number of IoT applications and government initiatives for the development of LPWAN standards. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising IoT applications and efforts taken by government agencies for the development of communications infrastructure coupled with increasing adoption of M2M communication applications would create lucrative growth prospects for the Low power wide area network market across Asia-Pacific region.
Major market player included in this report are:
Semtech Corporation
Loriot
Nwave Technologies
Sigfox
Waviot
Actility
Ingenu
Link Labs, Inc.
Weightless SIG
Senet, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Connectivity Technology:
Sigfox
LoRaWAN
Weightless
Others
By Technology Service:
Professional Services
Managed Services
By Network Deployment:
Private Sector
Public Sector
By Application:
Smart Waste Management
Smart Buildings
Smart Gas and Water Metering
Smart Parking
Smart Streetlight
Livestock Monitoring
Others
By Vertical:
Agriculture
Logistics and Transportation
Healthcare
Industrial Manufacturing
Oil and Gas
Consumer Electronics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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