Global LoRaWAN Market Ecosystem; By Network Deployment, By Hardware, By Application, By End-User (Agriculture, Utilities, Consumer Electronics, Healthcare, Manufacturing, Others (Transportation, Logistics, Government)); By Region - Forecast to 2026

The Global LoRaWaN market is also known as Low-Power Wide-Area Network (LPWAN). This is a significant technology to fulfil a broader set of verticals, starting from Assisted Living, Livestock Tracking, Smart Healthcare Devices, Asset Tracking, Waste Management, industrial safety monitoring, and the growing Smart City demands. However, key advantages of the Global LoRaWAN market such as better power efficiency, and range and easy deployment will drive LoRaWAN technology penetration on the back of IoT ecosystem.

The Global LoRaWAN Market was valued at US$ 253 Mn in 2018 and is projected to reach US$ 5557.2 Mn by 2026, growing at a CAGR of 48.2% from 2019 to 2026. The factors that are driving the growth of the global LoRaWAN market is growing demand for low power wide area network in IoT devices and smart cities, and a rise in the adoption of LoRaWAN® across various industry verticals like Utilities, Manufacturing, Healthcare, Logistics, etc.

The key players in the market offering solutions by using LoRaWAN standards are public/private network providers, device manufacturers, and solution providers.

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Figure 1: Ecosystem Snapshot: Global LoRaWaN Market

The global LoRaWAN Market has developed as the fastest growing Internet of Things (IoT) communication technology with the robust growth in the adoption of the IoT technology. LoRaWAN® is a Low Power Wide Area Network and is primarily based on a highly secured wireless technology dedicated to IoT networks. It operates seamlessly in extreme environments, with low power and throughput requirements. The global LoRaWAN market has some essential features, due to which they are highly being adopted across various industries. The open standard makes LoRaWAN® desirable for various industrial, commercial, and domestic applications where IoT solutions are the future. The growing ecosystem of LoRaWAN® technology providers, mainly from network operators and system integrators, to manufacturers of IoT devices, gateways, end nodes, and sensors, will continue to drive the adoption of both LoRa and LoRaWAN®.

Figure 2: Global LoRaWaN Market: Segmentation

By Network Deployment	By Hardware	By Application	By End-Users
Public Network	End-Point Sensors	Asset Tracking	Agriculture
Private Network	Connectivity Modules	Smart Metering	Utilities
Hybrid Network	Networking Gateways	Smart Parking	Consumer Electronics
		Smart Waste Management	Healthcare
		Smart Building	Manufacturing
		Others	Others (Transportation, Logistics, Government)

The North America LoRaWAN® market has been experiencing significant growth over the years owing to the rapid installation of smart meters in the region. The increasing scarcity of water has resulted in a rise in demand for water to be utilized in a more controlled manner and thereby, avoid wastage. The maintenance standards for the U.S water mains and the sewer systems are quite low. Leaking pipes result in larger volumes of water being wasted.

According to the United States Geologic Survey (USGS), it has been estimated that as much as 23 million cubic meters of water per day is wasted. In order to minimize these issues, several steps have been adopted by the government and private agencies. For instance, in the U.S., Northeast Nebraska Public Power District partnered with Vision Metering in 2017 to deploy smart meters. Northeast Nebraska Public Power District is the first utility to deploy the company’s electric meters equipped with the LoRaWAN® IoT communications technology.

Future Prospect

The U.S. cellular announced in 2018 that it would team up with IoT America in order to sell IoT services, primarily to agricultural companies across 23-states. IoT America’s business relies on LoRaWAN® network technology. This initiative will generate considerable opportunities for the U.S to adopt LoRaWAN® network for the agricultural sector in the coming years.

 Figure 3 – Market Statistics Glimpse

Many trends are having an impact on the market forecast. These, when evaluated from a company’s perspective, can drive growth. Our numerous consulting projects have generated sizeable synergies across all regions and all sizes of companies.

The major players operating in the Global LoRaWaN Market are as follows:

Table 2 Global LoRaWaN Market Ecosystem: Key Players

Company	Ecosystem Positioning	Total Revenue	Region
Microchip Technology	Product Manufacturing	$ 5.4 Bn	Global
Laird Connectivity	Product Manufacturing	$ 10.5  Bn	Global
Semtech Corporation	Product Manufacturing	$ 627  Mn	Global
Orange S.A.	Product Manufacturing	$ 46.8  Bn	Global
SK Telecom Co. Ltd.	Product Manufacturing	$ 13.8 Bn	Global

Very few markets have the interconnectivity with other markets like LoRaWaN. Our Interconnectivity module focuses on the key nodes of heterogeneous markets in detail. Public Network and Private Network, Connectivity Modules, and Networking Gateways are some of our key researched markets.

Figure 4 – Global LoRaWaN Market Major Interconnectivity

A Glance on Global LoRaWaN Market Ecosystem Trends:

Trends	By Network Deployment		By Hardware		By Application		By End-Users
Aguascalientes Will Become the First City in Mexico to Use LoRa Network for the Industry. The Aim is to become a state that generates innovation projects in the field of the Internet of Things (IoT) and Industry 4.0			Networking Gateways				Utilities
The growing number of city infrastructure or other IoT systems that are spread over a much wider area; sensors can be located at distances of kilometers rather than meters from the nearest gateway. These long distances call for a different type of wireless communications solution. Two approaches are available; one based on cellular technology, the other on low-power wide area networks (LPWANs), especially LoRaWAN and SigFox.	Public Network		Connectivity Modules
With more than 127 million residents, Mexico is one of the most important countries in the North America region, and this rollout is the start of new milestones for the IoT in North America	Private Network				Smart Building

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