LoRa Chipsets Market to Grow at 27.5% CAGR Through 2031, Driven by Explosive IoT Expansion, LPWAN Adoption, and Smart Infrastructure Deployment | QY Research

Market Overview

The global LoRa Chipsets market was valued at US$ 326 million in 2024 and is projected to surge to US$ 1.75 billion by 2031, expanding at a striking CAGR of 27.5% during the forecast period 2025-2031.

According to the latest study released by QY Research, titled "LoRa Chipsets Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", the market is entering a phase of hypergrowth as low-power wide-area network (LPWAN) technologies become foundational to global IoT deployments across utilities, smart cities, agriculture, and industrial monitoring.

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Technology Background: What Are LoRa Chipsets?

LoRa chipsets are semiconductor solutions that enable LoRa (Long Range) wireless communication, a modulation technology used at the physical layer of LoRaWAN networks. LoRa utilizes Chirp Spread Spectrum (CSS) modulation, allowing devices to transmit data over long distances while consuming extremely low power.

By applying different spreading factors, LoRa chipsets support multiple data rates and enable robust, interference-resistant communication. This makes them particularly well-suited for battery-powered IoT devices operating in remote or hard-to-reach environments where cellular connectivity is impractical or cost-prohibitive.

Key Market Growth Drivers -

The rapid expansion of the LoRa chipset market is supported by several powerful structural trends:

Accelerating global adoption of IoT ecosystems, spanning utilities, agriculture, logistics, and smart cities

Rising demand for LPWAN technologies that combine long-range coverage with ultra-low power consumption

Cost advantages over cellular-based IoT solutions, especially for massive device deployments

Growth of smart metering applications, including water, gas, and electricity monitoring

Increasing use in smart agriculture, enabling real-time environmental sensing and precision farming

Expansion of asset tracking and supply chain visibility solutions

In utility metering, LoRa chipsets enable automated, long-distance data transmission, reducing labor costs and improving operational efficiency. In agriculture, LoRa-powered sensor networks help optimize irrigation, soil management, and crop health monitoring while maintaining multi-year battery life in field devices.

Trade Policy and Supply Chain Considerations
The report also provides a detailed assessment of recent tariff adjustments and international strategic countermeasures affecting the LoRa chipset industry. It analyzes how evolving trade policies influence cross-border manufacturing footprints, capital allocation strategies, regional dependencies, and global supply chain resilience-critical insights for semiconductor vendors and IoT solution providers operating in a volatile geopolitical environment.

Market Scope and Research Coverage -

This report delivers a comprehensive and data-driven analysis of the global LoRa Chipsets market, focusing on:

Sales volume (Million Units)

Sales revenue (US$ millions)

Average pricing trends

Company market share and competitive ranking

Market sizing and forecasts are based on 2024 as the base year, with historical analysis from 2020-2024 and projections extending through 2031. The study combines quantitative data with qualitative insights to support strategic planning and investment decisions.

Regional Market Insights

Asia Pacific represents the fastest-growing region, driven by large-scale smart city projects, utility digitization, and rapid IoT adoption in China, India, Japan, and Southeast Asia.

North America remains a key market due to strong LPWAN infrastructure deployment and early adoption of smart metering and industrial IoT solutions.

Europe continues to expand LoRaWAN networks across utilities, logistics, and urban infrastructure.

South America and the Middle East & Africa are emerging markets with increasing adoption of cost-effective IoT connectivity solutions.

Competitive Landscape

The LoRa chipset market is moderately concentrated, with leading semiconductor vendors leveraging proprietary IP, ecosystem partnerships, and strong customer relationships.

Key companies profiled in the report include:

► Semtech
► ASR Microelectronics
► STMicroelectronics
► Guangzhou ZHIYUAN Electronics

Among these, Semtech holds a dominant position, accounting for more than 50% of global market revenue, supported by its early technology leadership and strong LoRaWAN ecosystem integration.

Market Segmentation Highlights -

By Type:

Gateway Chipsets
Terminal Chipsets

By Application:

Home and Buildings
Smart Metering
Supply Chain & Logistics
Others

Each segment is analyzed in terms of demand drivers, deployment scale, revenue contribution, and long-term growth potential.

Reasons to Procure this Report: -

►The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

►The report provides LoRa Chipsets market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.

►The research includes the LoRa Chipsets market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

►LoRa Chipsets market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

►This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

►The study helps evaluate LoRa Chipsets business predictions by region, key countries, and top companies' information to channel their investments.

Key questions answered in the report include:

►This LoRa Chipsets report gives all the information about the industry analysis, revenue, and overview, of this market.

►What will be the rate of increase in LoRa Chipsets market size and growth rate by the end of the forecast period?

►What are the major global LoRa Chipsets market trends influencing the development of the market?

►What are the vital results of SWOT analysis of the major players operating in the LoRa Chipsets market?

►What are the potential growth opportunities and threats faced by Major competitors in the LoRa Chipsets market?

►What are the market opportunities and threats faced by vendors in the Global LoRa Chipsets market?

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Table of Contents - Major Key Points:

1 Market Overview
1.1 LoRa Chipsets Product Introduction
1.2 Global LoRa Chipsets Market Size Forecast
1.2.1 Global LoRa Chipsets Sales Value (2020-2031)
1.2.2 Global LoRa Chipsets Sales Volume (2020-2031)
1.2.3 Global LoRa Chipsets Sales Price (2020-2031)
1.3 LoRa Chipsets Market Trends & Drivers
1.3.1 LoRa Chipsets Industry Trends
1.3.2 LoRa Chipsets Market Drivers & Opportunity
1.3.3 LoRa Chipsets Market Challenges
1.3.4 LoRa Chipsets Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global LoRa Chipsets Players Revenue Ranking (2024)
2.2 Global LoRa Chipsets Revenue by Company (2020-2025)
2.3 Global LoRa Chipsets Players Sales Volume Ranking (2024)
2.4 Global LoRa Chipsets Sales Volume by Company Players (2020-2025)
2.5 Global LoRa Chipsets Average Price by Company (2020-2025)
2.6 Key Manufacturers LoRa Chipsets Manufacturing Base and Headquarters
2.7 Key Manufacturers LoRa Chipsets Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of LoRa Chipsets
2.9 LoRa Chipsets Market Competitive Analysis
2.9.1 LoRa Chipsets Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by LoRa Chipsets Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in LoRa Chipsets as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Gateway Chipset
3.1.2 Terminal Chipset
3.2 Global LoRa Chipsets Sales Value by Type
3.2.1 Global LoRa Chipsets Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global LoRa Chipsets Sales Value, by Type (2020-2031)
3.2.3 Global LoRa Chipsets Sales Value, by Type (%) (2020-2031)
3.3 Global LoRa Chipsets Sales Volume by Type
3.3.1 Global LoRa Chipsets Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global LoRa Chipsets Sales Volume, by Type (2020-2031)
3.3.3 Global LoRa Chipsets Sales Volume, by Type (%) (2020-2031)
3.4 Global LoRa Chipsets Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Home and Buildings
4.1.2 Smart Metering
4.1.3 Supply Chain & Logistics
4.1.4 Others
4.2 Global LoRa Chipsets Sales Value by Application
4.2.1 Global LoRa Chipsets Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global LoRa Chipsets Sales Value, by Application (2020-2031)
4.2.3 Global LoRa Chipsets Sales Value, by Application (%) (2020-2031)
4.3 Global LoRa Chipsets Sales Volume by Application
4.3.1 Global LoRa Chipsets Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global LoRa Chipsets Sales Volume, by Application (2020-2031)
4.3.3 Global LoRa Chipsets Sales Volume, by Application (%) (2020-2031)
4.4 Global LoRa Chipsets Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global LoRa Chipsets Sales Value by Region
5.1.1 Global LoRa Chipsets Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global LoRa Chipsets Sales Value by Region (2020-2025)
5.1.3 Global LoRa Chipsets Sales Value by Region (2026-2031)
5.1.4 Global LoRa Chipsets Sales Value by Region (%), (2020-2031)
5.2 Global LoRa Chipsets Sales Volume by Region
5.2.1 Global LoRa Chipsets Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global LoRa Chipsets Sales Volume by Region (2020-2025)
5.2.3 Global LoRa Chipsets Sales Volume by Region (2026-2031)
5.2.4 Global LoRa Chipsets Sales Volume by Region (%), (2020-2031)
5.3 Global LoRa Chipsets Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America LoRa Chipsets Sales Value, 2020-2031
5.4.2 North America LoRa Chipsets Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe LoRa Chipsets Sales Value, 2020-2031
5.5.2 Europe LoRa Chipsets Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific LoRa Chipsets Sales Value, 2020-2031
5.6.2 Asia Pacific LoRa Chipsets Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America LoRa Chipsets Sales Value, 2020-2031
5.7.2 South America LoRa Chipsets Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa LoRa Chipsets Sales Value, 2020-2031
5.8.2 Middle East & Africa LoRa Chipsets Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions LoRa Chipsets Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions LoRa Chipsets Sales Value and Sales Volume
6.2.1 Key Countries/Regions LoRa Chipsets Sales Value, 2020-2031
6.2.2 Key Countries/Regions LoRa Chipsets Sales Volume, 2020-2031
6.3 United States
6.3.1 United States LoRa Chipsets Sales Value, 2020-2031
6.3.2 United States LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.3.3 United States LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe LoRa Chipsets Sales Value, 2020-2031
6.4.2 Europe LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China LoRa Chipsets Sales Value, 2020-2031
6.5.2 China LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.5.3 China LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan LoRa Chipsets Sales Value, 2020-2031
6.6.2 Japan LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea LoRa Chipsets Sales Value, 2020-2031
6.7.2 South Korea LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia LoRa Chipsets Sales Value, 2020-2031
6.8.2 Southeast Asia LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia LoRa Chipsets Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India LoRa Chipsets Sales Value, 2020-2031
6.9.2 India LoRa Chipsets Sales Value by Type (%), 2024 VS 2031
6.9.3 India LoRa Chipsets Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Semtech
7.1.1 Semtech Company Information
7.1.2 Semtech Introduction and Business Overview
7.1.3 Semtech LoRa Chipsets Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Semtech LoRa Chipsets Product Offerings
7.1.5 Semtech Recent Development
7.2 ASR Microelectronics
7.2.1 ASR Microelectronics Company Information
7.2.2 ASR Microelectronics Introduction and Business Overview
7.2.3 ASR Microelectronics LoRa Chipsets Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 ASR Microelectronics LoRa Chipsets Product Offerings
7.2.5 ASR Microelectronics Recent Development
7.3 STMicroelectronics
7.3.1 STMicroelectronics Company Information
7.3.2 STMicroelectronics Introduction and Business Overview
7.3.3 STMicroelectronics LoRa Chipsets Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 STMicroelectronics LoRa Chipsets Product Offerings
7.3.5 STMicroelectronics Recent Development
7.4 Guangzhou ZHIYUAN Electronics
7.4.1 Guangzhou ZHIYUAN Electronics Company Information
7.4.2 Guangzhou ZHIYUAN Electronics Introduction and Business Overview
7.4.3 Guangzhou ZHIYUAN Electronics LoRa Chipsets Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Guangzhou ZHIYUAN Electronics LoRa Chipsets Product Offerings
7.4.5 Guangzhou ZHIYUAN Electronics Recent Development
8 Industry Chain Analysis
8.1 LoRa Chipsets Industrial Chain
8.2 LoRa Chipsets Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 LoRa Chipsets Sales Model
8.5.2 Sales Channel
8.5.3 LoRa Chipsets Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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