LoRa Gateway Module Market Size Worth US$ 2.88 Billion by 2034 at CAGR of 6.1%: Fact.MR Report

Expanding at a CAGR of 6.1%, the global LoRa gateway module market is anticipated to grow from a valuation of US$ 1.59 billion in 2024 to approximately US$ 2.88 billion by 2034.

LoRa gateway modules function as central nodes in long-range wireless communication networks. These devices receive data from various end nodes using LoRa (Long Range) wireless technology and transmit the collected information to a cloud platform via Internet Protocol (IP) networks. This setup plays a vital role in enabling Internet of Things (IoT) applications by supporting low-power consumption, extended connectivity ranges, and efficient data transmission-making them ideal for large-scale IoT deployments in sectors such as smart cities, agriculture, logistics, and industrial automation.

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Growth Drivers

LPWAN Adoption & IoT Growth

As IoT ecosystems expand, LoRaWAN remains a cost-effective, low-power, long-range networking solution-well-suited for smart homes, industrial systems, and city infrastructure.

Asset Tracking & Logistics

LoRa gateways provide reliable, long-distance tracking-enhancing operations like warehouse management and even parking availability monitoring.

Smart City & Agriculture

Government-led smart city initiatives and agricultural automation programs drive demand for networked sensors that the LoRa gateways support.

Technology Advantages

LoRa's long range, low power use, and strong interference resilience (thanks to spread spectrum tech and FEC) boost its appeal for scalable deployment.

Technology & Applications

Core Components

LoRa gateway modules include radio transceivers, edge processing capabilities, backhaul support (Wi-Fi, Ethernet, cellular), and secure connectivity-all integrated to enable robust IoT operations.

Key Applications

1. Industrial Automation: Automating factory floor processes via sensors.
2. Smart Agriculture: Monitoring soil and climate across wide farmlands.
3. Smart Cities: Managing assets like parking and environmental sensors.
4. Asset Tracking & Healthcare: From logistics to medical equipment management.

Country-wise Insights

Power consumption has become a pressing global concern in recent years, particularly as the effects of climate change grow more apparent. This has led to increased demand for energy-efficient technologies such as LoRa gateway modules in countries like the United States, China, Japan, and South Korea. Among these, the United States is projected to hold a dominant share of the LoRa gateway module market in North America.

The widespread success of LoRa (Long Range) technology in the United States is largely driven by its well-developed and technologically advanced manufacturing sector. This industry plays a crucial role in accelerating the adoption of LoRa-based infrastructure across various domains, including agriculture, smart city projects, and logistics. With a strong foundation of technical expertise, a skilled workforce, and growing demand for efficient, low-power communication in IoT applications, the U.S. market is well-positioned to remain a leader in the adoption and development of LoRa gateway modules.

Competitive Landscape

The LoRa gateway module market is characterized by continuous innovation, with key players heavily investing in research and development to launch advanced products and stay ahead in a rapidly evolving landscape.

In July 2022, Multi-Tech Systems, Inc., a leading provider of Industrial IoT connectivity solutions, introduced enhanced versions of its popular LoRaWAN gateway accessory cards. These upgrades reflect the company's commitment to improving network performance and expanding application capabilities for industrial and enterprise IoT deployments.

Earlier, in March 2021, Everynet BV partnered with Murata Manufacturing Co., Ltd. to co-develop globally deployable LoRaWAN modules. This collaboration focuses on scaling IoT connectivity by leveraging Everynet's network infrastructure and Murata's compact, high-performance module design, aiming to accelerate the adoption of LoRaWAN technology across a variety of international markets.

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Segmentation of LoRa Gateway Module Market Research

By Industry :
Manufacturing
Energy & Utilities
Automotive
Healthcare
Transportation & Logistics
Agriculture
Others

By Application :
Industrial Automation
Home Automation
Smart Agriculture
Smart City
Asset Tracking
Others

By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa

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