Low Power Wide Area Network Market: Transforming Smart Cities and IoT Networks By 2031 | Most Leading Companies - Semtech Corporation, Sigfox, Huawei Technologies Co. Ltd, Ingenu Inc., Cisco Systems Inc

Global low-power wide-area network (LPWAN) Market reached US$ 12.4 billion in 2023 and is expected to reach US$ 384.5 billion by 2031, growing with a CAGR of 53.7% during the forecast period 2024-2031.

Low-Power Wide-Area Network Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Low-Power Wide-Area Network (LPWAN) is a type of wireless communication network designed for long-range transmissions with minimal power consumption. It is ideal for Internet of Things (IoT) devices that need to operate on small batteries for extended periods, making it suitable for applications like smart cities, agriculture, and industrial monitoring. LPWAN technologies, such as LoRa, Sigfox, and NB-IoT, enable devices to communicate over large distances while maintaining low data rates, providing a reliable and cost-effective solution for various IoT applications.

List of the Key Players in the Low-Power Wide-Area Network Market:

Semtech Corporation, Sigfox, Huawei Technologies Co. Ltd, Ingenu Inc., Cisco Systems Inc., Actility, Vodafone Limited, WAVIoT, LoRa Alliance and Loriot AG.

Industry Development:

In February 2024, BT Group introduced an NB-IoT network designed for smart cities and connected farms. The Narrowband IoT network operates on the EE 4G network, focusing on low-power devices with minimal data requirements.

In January 2023, Skyworks and Semtech partnered to develop the new SKY66423-SX1261 design for devices utilizing low power and long-range communication (LPWAN) in industrial and urban environments. This design enhances device performance by reducing noise and boosting signal strength.

Growth Forecast Projected:

The Global Low-Power Wide-Area Network Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Low-Power Wide-Area Network Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Low-Power Wide-Area Network Market:

By Service: Professional Service, Managed Service) By Connectivity Technologies (SIGFOX, NB-IOT, LTE-M, LoRaWAN, Weightless, Others

By Deployment Model: On-Premise, Cloud

By Application: Smart Waste Management, Smart Buildings, Smart Gas and Water Metering, Smart Streetlights, Smart Parking, Livestock Monitoring, Other

By End-User: Healthcare, Agriculture, Logistics and Transportation, Manufacturing, Utilities, Consumer Electronics, Government and Public Sector, Others

Regional Analysis for Low-Power Wide-Area Network Market:

The regional analysis of the Low-Power Wide-Area Network Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Low-Power Wide-Area Network market?

➠ Who are the leading manufacturers in the global Low-Power Wide-Area Network industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Low-Power Wide-Area Network industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Low-Power Wide-Area Network market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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