Low Power Wide Area Network Market Growth By Key Players: Semtech Corporation, Waviot, Loriot, Sigfox, Nwave Technologies, Actility, Linklabs, Ingenu, Weightless SIG, Senet

Market Overview: -

According to Global Market Insights Inc. Low Power Wide Area Network (LPWAN) Market was valued at over USD 1 billion in 2015 and is expected to exceed USD 30 billion by 2023, growing at 90% CAGR over the forecast period.

Increasing adoption of Internet of things (IoT) and machine to machine (M2M) devices owing to less power and low cost associated with these systems, is expected to propel industry demand. Furthermore, rising need for long range connectivity among devices such as city-wide or campus-wide Wi-Fi are anticipated to drive low power wide area network market size. Multiple connectivity offers precise balance of bandwidth, power consumption, battery life and long-distance range at affordable cost. Substantial cost and high-power consumption associated with conventional systems such as WAN is also anticipated to fuel the low power wide area network market demand from 2016 to 2023.

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Top Key Players: -

Some of the key players in the Low Power Wide Area Network (LPWAN) Market are Semtech Corporation, Waviot, Loriot, Sigfox, Nwave Technologies, Actility, Linklabs Inc., Ingenu, Weightless SIG, and Senet Inc.
Market share calculation in this report is not done based on companies covered in it. The calculation of Low Power Wide Area Network (LPWAN) Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific LPWAN market share will rise at a rapid rate as compared to other regions owing to the presence of countries such as China and India. IoTOz, a network provider company is planning to spread LPWAN network for IoT in New Zealand, Australia and around 20 countries in Asia Pacific, based on random phase multiple access (RPMA) technology developed by U.S. based company Ingenu. Rising need for connectivity in large, small and other medium enterprises offer potential growth opportunities to the LPWAN market. High data traffic, lack of governance and privacy & security concerns may restrain the low power wide area network market growth through 2023. Major challenge is non-standardization of technology and its usage.

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The technology is anticipated to witness slow growth prospects across the consumer sector owing to low data transfer rates. Furthermore, advent of various technologies such as ZigBee, Bluetooth and Wi-Fi may pose a vital threat due to tremendous data transfer capabilities. However, high cost optimization due to less power consumption is likely to provide massive growth potential across the commercial and industrial sector. Surging adoption in various sectors such as smart cities, buildings and transportation may fuel the LPWAN market size.

By connectivity technology, the low power wide area network market can be segmented into sigfox, LoRaWAN, weightless and RPMA. Sigfox technology is predicted to witness substantial growth prospects owing to increasing application in numerous applications such as transportation management, healthcare and energy. LoRaWAN technology is mainly deployed in bi-directional communication, localization and mobility services. Weightless communication protocol is forecast to witness considerable growth prospects owing to its rising significance in internet and traffic sensors, vehicle tracking, asset tracking, rural broadband and vehicle diagnostics application.

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