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Low Power Wide Area Network Market- Size, Trends, Growth, Industry Analysis, Share and Forecast to 2027

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Dhanashree Daware
Low Power Wide Area Network Market- Size, Trends, Growth, Industry Analysis, Share and Forecast to 2027

Market Highlights

According to Market Research Future (MRFR)’s latest report, the global low power wide area network market has been projected to gain quick mileage and strike a CAGR of 72% during the forecast period 2017 to 2023. The assessment report also indicates that the global market is poised to scale valuation of USD 75 Bn towards the end of 2023. Lower power wide area network (LPWAN) facilitates the deployment and operations of IoT and M2M systems at a lower cost while assuring high power efficiency. It supports the functioning of quite a large number of connected devices over a huge area.

The growth of IoT and wireless technology is expected to drive the expansion of the low power wide area network market in the forthcoming years. The rising adoption of smart buildings, industrial automation, etc. has unleashed tremendous opportunities for growth into the market. It is anticipated to have a positive influence on the future trajectory of the low power wide area network market in the upcoming years.

LPWAN can be integrated into cars, wearable devices, manufacturing equipment, etc. Thus, it has developed applications across a wide range of industries and is projected to penetrate more verticals in the foreseeable future. The growth of end-user industries is prognosticated to augment the low power wide area network market over the next couple of years.

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Segmentation:

By connectivity technology, the global market has been segmented into SIGFOX, LoRaWAN, and Weightless.

By service, the low power wide area network market has been segmented into managed and professional.

By network deployment, the global low power wide area network market has been segmented into private and public.

By application, the low power wide area network market has been segmented into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring, and others.

By vertical, the global low power wide area network market has been segmented into agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics and others.

Regional Analysis:

The global low power wide area network market, by region, has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). Europe is expected to retain the lion’s share of the market over the assessment period. The increasing rate of technological implementations is expected to drive the growth of the regional market. In addition, the rising adoption of connected devices is further expected to boost the growth trajectory of the low power wide area network market in the region.  Meanwhile, Asia Pacific signifies exceptional growth opportunities. It is poised to strike a comparatively higher CAGR over the assessment period. 

Competitive Dashboard:

The major players operating in the global low power wide area network market are Telefonica SA (Spain), Semtech Corporation (U.S.), NWave Technologies (London), LORIOT (Switzerland), SIGFOX (France), Cisco Systems (U.S.), WAVIoT (U.S.), Actility (France), Senet, Inc. (U.S.), Weightless SIG (U.K), AT&T Inc. (GermanyIngenu (U.S.), Link Labs Inc. (U.S.), ), Huawei Technologies Co. Ltd. (China), Qualcomm Inc. (U.S.), and Vodafone Group Plc. (U.K).

Industry News:

In March 2019, BT Group plc, a British multinational telecommunications company, has leveraged its IoT technology for connecting smart water network as a part of the new pilot program with Northumbrian Water.

In March 2019, a worldwide licensee of the MIOTYä LPWAN solutions, Behr Technologies Inc. (BTI), has partnered with PixelMechanics, a leading digital agency that specializes in IIoT lifecycle management, with the aim of improving quality control and production efficiency at manufacturing facilities. The companies are set to utilize a combination of PixelMechanicsIoT platform and MIOTY LPWAN technology.

In March 2019, China Shanghai Yangpu government has signed an agreement with Berlin-based non-profit MXC Foundation for the deployment of MXC’s Smart City IoT Standard in Shanghai with its LPWAN.

Browse Complete Report @https://www.marketresearchfuture.com/reports/low-power-wan-market-1201

Global Low Power Wide Area Network Market Research Report: by Connectivity Technology (SIGFOX, LoRaWAN, Weightless), Service (Managed, Professional), Network Deployment (Private, Public), Application and Vertical | Forecast till 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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