LoRa Gateway Module Market Trends and Segments 2017-2025
LoRa stands for long range radio, LoRa gateway module is a Low Power Wide Area Network (LPWAN) specification intended for wireless battery operated Things in a regional, national or global network. LoRa gateway modules are enabling public or multi-tenant networks to connect a number of applications running on the same network.
LoRa Gateway Module Market: Drivers and Challenges
The growth of LoRa Gateway Module market is propelled by the increasing adaptation of IoT devices and M2M devices. The emerging trend towards smart connected devices and increased demand for private local area networks are generating high demand for LoRa Gateway Module market. LoRa Gateway Modules in asset tracking application is expected to drive the LoRa Gateway Module market during the forecast period.
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The key challenge for LoRa Gateway Module market is the lack of proper standards of connected devices and other major challenges of LoRa gateway module market is worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of LoRa gateway module Market.
In July 2017, Semtech Corporation, a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced to expansion of LoRaWAN-based network using LoRa devices in china.
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Semtech corporation, Dapu Telecom Technology Co, Embit, HOPE Microelectronics, IMST GmbH, Libelium, Link Labs, LairdTech, Manthink, Muratam, Multi-Tech Systems, Microchip Technology, NiceRF, Nemeus and others.
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