Low-Power Wide Area Networks Market - Global Industry Research Analysis

Low-power Wide Area Networks Market Insights

According to Market Research Store, the global low-power wide area networks market size was valued at around USD 17.31 billion in 2023 and is estimated to reach USD 54.55 billion by 2032, to register a CAGR of approximately 13.6% in terms of revenue during the forecast period 2024-2032.

The low-power wide area networks report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

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Global Low-Power Wide Area Networks Market: Overview

Low-Power Wide-Area Networks (LPWANs) are a type of wireless communication network designed to provide long-range connectivity while consuming minimal power. These networks are ideal for applications requiring low data transmission rates and long-range capabilities, such as Internet of Things (IoT) devices, smart cities, agriculture, and environmental monitoring. LPWANs are optimized to support devices that need to send small amounts of data intermittently over vast distances, often in remote or difficult-to-reach areas. Common LPWAN technologies include LoRa, Sigfox, and NB-IoT, each offering different strengths based on range, bandwidth, and power consumption.

Key Highlights

• The low-power wide area networks market is anticipated to grow at a CAGR of 13.6% during the forecast period.
• The global low-power wide area networks market was estimated to be worth approximately USD 17.31 billion in 2023 and is projected to reach a value of USD 54.55 billion by 2032.
• The growth of the low-power wide area networks market is being driven by the increasing adoption of IoT solutions across various industries.
• Based on the connectivity technologies, the LoRaWAN segment is growing at a high rate and is projected to dominate the market.
• On the basis of technology services, the managed services segment is projected to swipe the largest market share.
• In terms of network deployments, the public sector segment is expected to dominate the market.
• Based on the applications, the smart waste management segment is expected to dominate the market.
• On the basis of verticals, the agriculture segment is projected to swipe the largest market share
• By region, North America is expected to dominate the global market during the forecast period.

Low-Power Wide Area Networks Market: Dynamics

Key Growth Drivers:

• IoT Growth: The surging demand for IoT applications across various sectors (smart cities, agriculture, healthcare, industry) is a primary driver. LPWANs provide the ideal connectivity for IoT devices due to their long-range, low-power, and cost-effective nature.
• Cost-Effectiveness: Compared to traditional cellular networks, LPWANs offer significantly lower deployment and operational costs, making them attractive for large-scale IoT deployments.
• Low Power Consumption: LPWANs are designed for minimal power consumption, enabling devices to operate for extended periods on small batteries, crucial for applications where battery replacement is difficult or impractical.
• Scalability and Coverage: LPWANs can cover vast geographical areas with relatively few base stations, making them suitable for both urban and rural deployments.

Restraints:

• Interference and Co-existence: Interference from other wireless technologies and co-existence issues within the same spectrum band can impact network performance and reliability.
• Standardization Challenges: While progress is being made, the lack of complete standardization across different LPWAN technologies can hinder interoperability and ecosystem development.
• Security Concerns: Ensuring the security of LPWAN networks and the data transmitted over them is crucial, and robust security measures need to be implemented to prevent attacks and data breaches.
• Limited Throughput: LPWANs are designed for low data rates, which may not be suitable for all IoT applications requiring high bandwidth.

Opportunities:

• Smart Cities: LPWANs play a vital role in enabling smart city applications, including smart parking, waste management, environmental monitoring, and smart lighting.
• Industrial IoT: In industrial settings, LPWANs can be used for asset tracking, predictive maintenance, remote monitoring of industrial equipment, and process optimization.
• Agriculture: LPWANs can enhance agricultural productivity by enabling precision agriculture practices, such as soil moisture monitoring, livestock tracking, and remote control of irrigation systems.
• Healthcare: LPWANs can facilitate remote patient monitoring, asset tracking in hospitals, and the development of connected medical devices.

Challenges:

• Spectrum Availability: Access to suitable spectrum bands for LPWAN deployments can be challenging due to regulatory constraints and competition from other wireless technologies.
• Network Deployment and Management: Deploying and managing large-scale LPWAN networks can be complex, requiring careful planning, integration with existing infrastructure, and ongoing maintenance.
• Competition: The LPWAN market is becoming increasingly competitive, with numerous players offering various technologies and solutions.
• Evolving Regulatory Landscape: The regulatory environment surrounding LPWAN technologies is constantly evolving, which can create uncertainty and potential barriers to entry for new players.

Low-power Wide Area Networks Market: Report Scope

Low-Power Wide Area Networks Market: Segmentation Insights

The global low-power wide area networks market is divided by connectivity technologies, technology services, network deployments, application, verticals, and region.

Segmentation Insights by Connectivity Technologies

Based on connectivity technologies, the global low-power wide area networks market is divided into SIGFOX, LoRaWAN, weightless, and others.

LoRaWAN is the most dominant technology in the LPWAN market due to its widespread adoption and global reach. LoRaWAN, a low-power, long-range communication protocol, is favored for applications requiring low data rates and long battery life, making it ideal for Internet of Things (IoT) devices. It is highly scalable, cost-effective, and operates in the unlicensed radio frequency bands, allowing it to penetrate various sectors like agriculture, smart cities, and industrial monitoring.

Next, SIGFOX stands as a significant player, although less dominant than LoRaWAN. SIGFOX is a proprietary network technology that operates on ultra-narrowband (UNB) for low power consumption and long-range communication. It is particularly effective in providing low-cost connectivity for IoT devices, especially in remote or rural areas. However, its closed ecosystem, limited scalability, and reliance on a single operator network in certain regions limit its widespread application compared to LoRaWAN.

Weightless follows as a more niche technology in the LPWAN segment. It is an open-standard protocol designed for low-power, wide-area applications, offering both private and public network options. Weightless has a high data rate capability compared to other LPWAN technologies and is often seen in industrial and smart city applications. However, its adoption is more limited than LoRaWAN and SIGFOX, primarily due to competition from more established technologies and the need for additional infrastructure investment.

Segmentation Insights by Technology Services

On the basis of Technology Services, the global low-power wide area networks market is bifurcated into managed services and professional services.

Managed Services is the most dominant segment. It refers to the outsourcing of the day-to-day management responsibilities and functions for LPWAN infrastructure, such as network monitoring, optimization, and management of the end-to-end IoT ecosystem. This service model is preferred by organizations looking to reduce the complexities of managing their networks in-house, allowing them to focus on core business activities. Managed services are particularly popular in industries with large-scale IoT deployments, such as smart cities, agriculture, and logistics, where the demand for continuous connectivity, security, and scalability is high. Service providers offer customized packages, ensuring cost-effective and efficient network management with robust support systems.

The Professional Services segment, while growing, is less dominant compared to managed services. Professional services encompass consulting, system integration, and support services that help organizations deploy, customize, and optimize LPWAN solutions for their specific needs. This includes designing and configuring networks, ensuring compatibility with existing systems, and advising on the best technologies for particular use cases. While it is crucial for the initial deployment and optimization of LPWAN technologies, professional services are typically required on a one-time or periodic basis, unlike managed services, which involve ongoing support. This makes professional services less dominant in terms of overall market share but essential for facilitating smooth integration and scalability of IoT networks.

Segmentation Insights by Network Deployments

On the basis of network deployments, the global low-power wide area networks market is bifurcated into public sector, private sector, and low power wide area network market.

The Public Sector is the most dominant segment in terms of LPWAN deployment. This is due to the increasing adoption of LPWAN technologies in government-driven initiatives, such as smart cities, public safety, environmental monitoring, and infrastructure management. Public sector deployments often require large-scale IoT solutions to optimize urban services, energy management, transportation, and utilities, which benefit from LPWAN’s low-power, long-range communication capabilities. The demand for secure, scalable, and cost-efficient solutions for public welfare projects continues to drive the dominance of public sector deployments.

In the Private Sector, LPWAN adoption is also growing but remains secondary to public sector usage. Private enterprises, particularly in industries like manufacturing, logistics, agriculture, and retail, use LPWAN to enhance operational efficiency, asset tracking, and supply chain management. The private sector often requires highly specialized, scalable, and flexible LPWAN solutions tailored to specific business needs. Although these sectors contribute significantly to the growth of LPWAN, they are not as dominant as public sector deployments, primarily due to the focus of LPWAN providers on large-scale public initiatives and the relatively higher cost of private network deployments.

The broader LPWAN Market, which encompasses both public and private sector deployments, serves as a foundational category, representing the overall market for all LPWAN technologies and infrastructure. However, when broken down into specific sectors, the market share is heavily skewed toward the Public Sector, with the Private Sector playing a supportive, albeit rapidly growing, role in driving innovation and demand for LPWAN solutions.

Segmentation Insights by Application

On the basis of application, the global low-power wide area networks market is bifurcated into smart waste management, smart buildings, smart gas & water metering, smart streetlights, smart parking, livestock monitoring, and others.

Smart Waste Management stands as one of the most dominant applications within the LPWAN market. This involves the use of IoT sensors and networks to monitor waste levels, optimize collection routes, and improve recycling and waste disposal processes. The growing demand for sustainable solutions in urban environments, combined with the need to enhance operational efficiency, makes smart waste management a key driver for LPWAN adoption. Cities and municipalities are increasingly leveraging LPWAN to implement real-time monitoring and management of waste infrastructure, making this segment a leading application for LPWAN technologies.

Smart Buildings follow closely as another dominant application. The implementation of LPWAN in smart buildings enables advanced automation systems, energy management, and security solutions. Building management systems utilize IoT sensors connected through LPWAN to optimize heating, ventilation, and air conditioning (HVAC), lighting, and security systems. The focus on sustainability and energy efficiency, as well as the integration of smart technologies in commercial and residential buildings, has significantly driven LPWAN adoption in this sector.

Smart Gas & Water Metering also holds a strong position in the LPWAN application market. This involves the remote monitoring and management of gas and water consumption through smart meters, which are essential for reducing energy waste and improving billing accuracy. The demand for efficient utilities management, particularly in residential, industrial, and municipal environments, has led to increased deployment of LPWAN in this field. It provides low-cost, reliable connectivity for vast networks of meters that require frequent data transmission with minimal power consumption.

Smart Streetlights represent a rapidly growing application within the LPWAN market. These systems enable the remote control and automation of street lighting based on real-time data, such as pedestrian or vehicle presence. By using LPWAN technology, municipalities can optimize energy consumption, reduce costs, and improve public safety. The adoption of smart streetlighting is part of a broader movement toward smarter, more sustainable cities, contributing to the increasing demand for LPWAN solutions.

Smart Parking is another notable application that is gaining traction, especially in urban areas where space optimization and congestion management are critical. LPWAN-based smart parking solutions enable real-time tracking of parking space availability, dynamic pricing, and efficient parking management. As urban populations increase, the need for effective parking solutions has driven the demand for LPWAN-enabled smart parking systems, although this segment is still emerging in comparison to other applications like waste management and building automation.

Livestock Monitoring is a growing but relatively niche application within the LPWAN market. This involves using IoT sensors connected through LPWAN to monitor the health, location, and activity of livestock. It is increasingly adopted in the agricultural sector to improve farm management, optimize animal care, and enhance food safety. While the demand for LPWAN in livestock monitoring is expanding, it is less widespread compared to urban applications like smart waste management or smart buildings.

Segmentation Insights by Verticals

On the basis of verticals, the global low-power wide area networks market is bifurcated into agriculture, smart logistic and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics, and others.

Agriculture is one of the most dominant verticals in the LPWAN market. With the increasing demand for precision farming, LPWAN is widely used for applications such as soil moisture monitoring, crop health tracking, livestock monitoring, and irrigation management. LPWAN's ability to connect large-scale sensors over vast rural areas with low power consumption is highly valuable in agriculture. The growing emphasis on sustainability, resource efficiency, and optimized crop production is driving the rapid adoption of LPWAN in the agricultural sector.

Smart Logistics and Transportation follows as another highly significant vertical for LPWAN technologies. This includes the use of LPWAN for fleet management, asset tracking, and real-time monitoring of goods in transit. The logistics industry increasingly relies on LPWAN to enhance operational efficiency, reduce costs, and improve supply chain visibility. LPWAN’s ability to provide long-range connectivity and reliable data transmission across vast areas, including remote locations, makes it particularly suitable for logistics and transportation companies aiming to improve real-time tracking and monitoring.

Healthcare also stands as a major vertical in the LPWAN market, with an increasing number of applications in remote patient monitoring, hospital asset tracking, and health data collection. LPWAN enables healthcare providers to monitor patients’ conditions in real time, particularly in remote or rural areas where traditional network coverage may be limited. The need for cost-effective, low-power, and reliable connectivity for healthcare IoT devices is driving LPWAN adoption in this sector.

Industrial Manufacturing is a growing but slightly less dominant vertical compared to agriculture and logistics. LPWAN is used in smart factories, equipment monitoring, predictive maintenance, and industrial automation. The technology enables manufacturers to deploy low-cost, long-range connectivity solutions for a variety of industrial applications. While adoption is expanding, it is often overshadowed by the more rapid growth of sectors like logistics and healthcare, which have more immediate and widespread needs for LPWAN connectivity.

Oil and Gas is another significant but niche vertical for LPWAN deployment. In this sector, LPWAN is used for remote monitoring of pipelines, equipment, and environmental conditions. It provides low-power, long-range connectivity for sensors in remote or harsh environments, helping to improve operational efficiency and safety. Despite its potential, the adoption of LPWAN in oil and gas is more specialized compared to sectors like agriculture or logistics.

Consumer Electronics is a smaller but emerging vertical for LPWAN technologies. It includes applications such as smart home devices, connected appliances, and wearable health trackers. LPWAN’s ability to connect a vast number of devices in a cost-effective manner is appealing for consumer electronics manufacturers looking to build IoT ecosystems. However, the segment is still in the early stages of adoption and faces competition from other wireless technologies such as Wi-Fi and Bluetooth.

Low-Power Wide Area Networks Market: Regional Insights

• North America is expected to dominates the global market

North America leads the global low-power wide-area network (LPWAN) market, driven by substantial industrial infrastructure and significant investments in Internet of Things (IoT) technologies. The United States, in particular, has seen widespread adoption of LPWAN solutions across various sectors, including agriculture, healthcare, and logistics. This trend is supported by government initiatives promoting innovation and the presence of major LPWAN solution providers.

Europe has also embraced LPWAN technology, with several countries implementing large-scale networks. The European market is characterized by a mix of proprietary and open-standard LPWAN technologies, such as NB-IoT, LTE-M, and LoRaWAN. The European Union's focus on promoting interoperability and standardization has encouraged the widespread adoption of LPWAN solutions, leading to increased deployment across various sectors, including smart cities and industrial automation.

The Asia-Pacific region is experiencing rapid growth in the LPWAN market, driven by emerging economies like China and India investing heavily in IoT infrastructure development. China, in particular, has seen substantial deployment of NB-IoT and LoRaWAN networks, supported by government initiatives and partnerships between telecom operators and technology providers. The region's large population and the rising demand for smart city solutions are expected to drive further growth in the LPWAN market.

In the Middle East and Africa, the LPWAN market is in the early stages of development. However, there is growing interest in adopting LPWAN technologies to support smart city initiatives, agriculture, and industrial applications. Countries in this region are exploring LPWAN solutions to address challenges such as water management, energy efficiency, and infrastructure development.

Latin America is also beginning to explore the potential of LPWAN technologies. While adoption rates are currently lower compared to other regions, there is increasing interest in leveraging LPWAN for applications like agriculture, logistics, and urban development. The region's focus on sustainable development and smart city projects presents opportunities for LPWAN deployment in the coming years.

Recent Developments:

• In April 2023, Semtech Corporation expanded its PerSe product portfolio with the launch of the SX9376 integrated circuit (IC) for 5G mobile devices. The new IC enhances Radio Frequency Control (RFC) in smartphones, improving RF performance and ensuring better connectivity while meeting global Specific Absorption Rate (SAR) standards for 5G-enabled consumer products.
• In April 2023, Unabiz opened its proprietary technologies and released the code library for Sigfox 0G technology to the IoT developer community. This initiative allows developers to integrate 0G capabilities into IoT devices and applications, enabling more efficient solutions with improved energy efficiency, multi-connectivity, and additional functionalities developed by users, students, and developers.

Low-Power Wide Area Networks Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the low-power wide area networks market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global low-power wide area networks market include:

• Accellus Communication Networks
• Aclara Technologies
• Actility
• Adeunis RF
• Aerea
• Altair Semiconductor
• AM Telecom
• AMBER Wireless
• Arkessa
• ArqivaSemtech Corporation
• LORIOT
• NWave Technologies
• SIGFOX
• WAVIot
• Cisco Systems
• Weightless SIG
• Senet Inc.
• AT & T Inc.
• Huawei Technologies Co. Ltd.
• Ingenu
• Link Labs Inc.
• Qualcomm Inc.
• Telefonica SA
• Vodafone Group Plc.

The global low-power wide area networks market is segmented as follows:

By Connectivity Technologies

• SIGFOX
• LoRaWAN
• Weightless
• Others

By Technology Services

• Managed Services
• Professional Services

By Network Deployments

• Public Sector
• Private Sector
• Low Power Wide Area Network Market

By Applications

• Smart Waste Management
• Smart Buildings
• Smart Gas & Water Metering
• Smart Streetlights
• Smart Parking
• Livestock Monitoring
• Others

By Verticals

• Agriculture
• Smart Logistic and Transportation
• Healthcare
• Industrial Manufacturing
• Oil and Gas
• Consumer Electronics
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

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