Leading Players of Low Power Wide Area Network (LPWAN) Market Outlook to 2025- Nwave Technologies, Sigfox, Semtech, Loriot, Link Labs, Waviot, Ingenu, Actility, Weightless SIG, Senet
The global Low Power Wide Area Network (LPWAN) market is expected to grow from US$ 986.0 Mn in 2017 to US$ 28746.5 Mn by 2025 at a CAGR of 53.2% between 2018 and 2025.
As the conventional mobile network comprised of functional performances that could not meet the transforming IoT landscape concerning data output, cost efficiencies and coverage areas, the industry players promoted LPWAN. The explosive growth in penetration of IoT devices over the past few years has escalated the demand for LPWAN technology deployments. This is major because these modern technologies were cost-efficient, optimized data transmission, and scalable cellular coverage.
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Top Key Players:
• Nwave Technologies
• Semtech Corporation
• Link Labs, Inc.
• Ingenu Inc.
• Weightless SIG
• Senet, Inc.
The global Low Power Wide Area Network (LPWAN) market by end-user is fragmented into Smart City, Oil and Gas, Healthcare, Manufacturing, Logistics and Transportation, Agriculture, and Consumer Electronics. The Smart City is the leading the market for Low Power Wide Area Network (LPWAN). In the Asia Pacific region, China, India, and Southeast Asian countries such as Singapore, Malaysia among others are constantly upgrading their cities with advanced technologies in order to make them more intelligent. Also, the demand for smart water meter is deployment to witness an exponential growth in these smart cities as the smart city initiatives majorly focus on the energy sector.
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Between 2015 and 2016 ERDF, the French electricity distribution company installed 3 Mn smart meters across the country with a count of 35 Mn running smart meters by 2020. In 2018, FACSA partnered with Semtech and IoTens for the deployment of smart water meters to help customers in Castellon to precisely track and regulate their water management. In February 2018, SenRa and Nordic Automation Systems partnered to deliver LPWAN solutions for remote metering and smart street lighting across India. Also, in 2017, China Telecom and China Unicom collaborated with Huawei, along with other technology partners as well as customers, to run street lighting, water metering, or street parking using NB-IoT in Shanghai, Shenzhen, and Shandong. Few of them were already deployed on a commercial scale.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Low Power Wide Area Network (LPWAN) Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Low Power Wide Area Network (LPWAN) Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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