Press release
LoRa Gateway Module Market Highly Favorable to the Growth Rate by 2025
LoRa stands for long range radio, LoRa gateway module is a Low Power Wide Area Network (LPWAN) specification intended for wireless battery operated Things in a regional, national or global network. LoRa gateway modules are enabling public or multi-tenant networks to connect a number of applications running on the same network.
LoRa Gateway Module Market: Drivers and Challenges
The growth of LoRa Gateway Module market is propelled by the increasing adaptation of IoT devices and M2M devices. The emerging trend towards smart connected devices and increased demand for private local area networks are generating high demand for LoRa Gateway Module market. LoRa Gateway Modules in asset tracking application is expected to drive the LoRa Gateway Module market during the forecast period.
The key challenge for LoRa Gateway Module market is the lack of proper standards of connected devices and other major challenges of LoRa gateway module market is worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of LoRa gateway module Market.
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LoRa Gateway Module Market: Segmentation
LoRa Gateway Module market has been classified based on the basis of type and on the basis of applications.
Segmentation on the basis of Type:
The LoRa Gateway Module market, in terms of type includes 433MHz, 470MHz, 868MHz, 915MHz, 923MHz and Others. These are the basic frequency levels of LoRa gateway modules on which LoRa modules are work.
Segmentation on the basis of Application:
LoRa Gateway Modules has are widely used in Internet of Things, asset tracking and M2M communication.
Key Contracts
In July 2017, Semtech Corporation, a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced to expansion of LoRaWAN-based network using LoRa devices in china.
Key Players
Semtech corporation, Dapu Telecom Technology Co, Embit, HOPE Microelectronics, IMST GmbH, Libelium, Link Labs, LairdTech, Manthink, Muratam, Multi-Tech Systems, Microchip Technology, NiceRF, Nemeus and others.
Regional Overview
Presently, North America is holding the largest market share for LoRa gateway Module market due increasing demand connected devices and M2M devices. Europe is fastest growing market for LoRa gateway module due increased demand from smart city projects. Sturdy economic progress and rising digitalization of various industries are driving the LoRa gateway module market in Asia Pacific region. The Demand for LoRa gateway module market has risen dramatically over the past two years globally.
The report covers exhaustive analysis on:
LoRa Gateway Module market Segments
Market Dynamics of LoRa Gateway Module market
Historical Actual Market Size, 2014 - 2016
Market Size & Forecast 2017 to 2027
Value Chain of LoRa Gateway Module market
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
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