Low Power Wide Area Network (LPWAN) Market Size By Component, Deployment Model, Application, End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

LPWAN Market size exceeded USD 2.5 billion in 2020 and is expected to grow at a CAGR of over 60% between 2021 and 2027. Growing demand for low-cost and long-range connectivity options among enterprises is likely to fuel industry growth. Standardized by 3GPP, LPWAN technologies provide long-range connectivity to IoT devices and reduce their power consumption. As most of these devices need low-speed and transfer small amounts of data at a time, LPWAN technologies including Sigfox, NB-IoT, and LoRa are widely used to support wireless network requirements.

The recent COVID-19 outbreak resulted in the temporary shutdown of many smart city projects due to strict restrictions enforced by government authorities. There has been a reduction in the deployment of IoT devices during the COVID-19 outbreak. The COVID-19 outbreak has negatively impacted LPWAN market growth. 

Low Power Wide Area Network (LPWAN) Market Report Coverage 

In the UK, the NB-IoT platform is expected to dominate the market statistics

The UK LPWAN market from the NB-IoT platform is expected to witness a 70% CAGR from 2021 to 2027 driven by the rising number of IoT connections in various industry verticals. The NB-IoT platform helps in improving network efficiency by increasing the capacity to support new connected endpoints and offer security features such as entity authentication, mobile device identification, & data integrity. As NB-IoT technology operates in a licensed spectrum, it becomes easy for the users to establish a secure and reliable connection, ensuring a high-quality service.

In China, cost-effectiveness offered by the on-premise deployment model is driving the market revenue

The on-premise deployment model in China held above 50% market share in 2020 owing to cost-effectiveness offered by on-premise LPWAN deployment. The market demand for on-premise LPWAN is expected to increase as it enables organizations to build and manage their LPWAN for IoT-based applications. They can manage the whole network elements including LORA gateways and network servers. By deploying LoRaWAN private network, organizations gain complete control of the transmitted data, ensuring data security.

Growing market demand for smart city projects in Brazil to support the smart gas and water metering segment

In Brazil, the smart gas and water metering application captured more than 20% of the LPWAN market share in 2020. LPWAN technology addresses the current challenges related to the deployment of advanced metering infrastructure. Gas meters transmit readings to the gateway using LPWAN and display the output in a cloud web-based interface. Companies operating in this market offer various wireless network options to enable IoT connectivity for smart gas & water meters. For instance, WAVIoT enables customers to unleash IoT connectivity for utilities by providing them two options, which include WAVIoT plug and play smart gas meters with integrated radio modules or WAVIoT LPWAN modem that transmits readings via a long-range network.

Significant demand for LPWAN platforms across the healthcare industry in South Africa

In South Africa, the healthcare industry is projected to expand at around 60% CAGR through 2027. The growing adoption of IoT in healthcare institutions increases the demand for a reliable communications infrastructure that will support IoT device connectivity. Organizations face challenges related to network connectivity issues and a device’s battery drainage problems. These factors facilitate the adoption of LPWA devices, which help them to efficiently connect and track devices. The IoT solutions are integrated with LoRa-based sensors and gateways to monitor high-risk patients or systems to ensure the patient’s safety.

 North America will dominate the LPWAN market share

North America accounted for a major market share of about 40% in 2020 and is poised to dominate the market through 2027. The evolution of smart manufacturing, increasing demand for smart cities, and the increasing number of wearable & connected devices are fueling the market growth. The rising market demand for smart buildings, smart parking management systems, and precision farming is also significantly contributing to the LPWAN industry. As precision farming operations require a communication between sensor-based devices over a long-range in a cost-effective manner, the low-power WAN technology is increasingly leveraged to facilitate efficient precision farming applications.

Developing advanced LPWAN solutions and services is the key market strategy adopted by leading market players

Major companies in the industry are emphasizing on the development of advanced LPWAN solutions and services to gain a competitive advantage in the market. For instance, in January 2019, Semtech Corporation launched an open-source software for LoRa-based gateways, which allows secure & resource data communication across the LoRa-based ecosystem. The open-source software helped enterprises to develop innovative IoT applications.

 Some of the players operating in the LPWAN market are Actility, AT&T Inc., Avnet, Inc., Cisco Systems, Inc., CONNIT, Huawei Technologies Co., Ltd., Ingenu Inc., Kerlink, Link Labs, LORIOT.IO, Nwave, Orange Business Services, Qualcomm Technologies, Inc., Semtech Corporation, Senet, Inc., Sierra Wireless, Sigfox, Verizon Communications Inc., Vodafone Group Plc, and WavIo.

The market research report on LPWAN includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Component

• Platform
• NB-IoT
• LTE-M
• LoRaWAN
• Sigfox
• Weightless
• Others
• Service
• Professional Service
• Managed Service

Market, By Deployment Model

• On-premise
• Cloud

Market, By Application

• Smart Gas and Water Metering
• Asset Tracking
• Smart Buildings
• Smart Parking
• Precision Agriculture
• Smart Waste Management
• Livestock Monitoring
• Others
• Market, By End-use
• Healthcare
• Agriculture
• Logistics and Transportation
• Manufacturing
• Utilities
• Consumer Electronics
• Government and Public Sector
• Others

The above information has been provided for the following regions and countries:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Sweden
• Netherlands
• Asia Pacific
• China
• Japan
• India
• Australia & New Zealand
• South Korea
• Southeast Asia
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• MEA
• South Africa
• UAE
• Israel
• Saudi Arabia