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Low Power Wide Area Network (LPWAN) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

  • ID: 5411797
  • Report
  • August 2021
  • Region: Global
  • 110 Pages
  • Acute Market Reports

FEATURED COMPANIES

  • Actility
  • Ingenu
  • Link Labs
  • LORIOT
  • NWave Technologies
  • Semtech Corporation

GlobalLow power wide area network marketis estimated to grow at an exponential CAGR of 84.3% during the forecast period (2021-2029). Growing adoption of IoT and Mobile to Mobile applications are considered as the major drivers for LPWAN market. With the rise in development of IoT technology, the demand for LPWAN technology in sectors such as transportation, healthcare, automation, electronics and others are bound to increase. High adoption of M2M interfaces such as connected devices etc. are also incorporating LPWAN technology in it. By 2020, Internet-connected devices have grown approximately to 30 billion - 45 billion globally.

Smart Building Applications for LPWAN Market to Dominate 

The global Low power wide area network market has been segmented on the basis of technology, services, deployment, application and vertical. The Application segment is further sub segmented into Smart Waste Management, Smart Buildings, Smart Parking, Smart Streetlight, Livestock Monitoring and Others. Smart Buildings leads the application segment in terms of revenue in the global Low power wide area network market with over 28% market share in 2020. IoT devices are deployed in both commercial and residential buildings to make energy and resource allocation efficient with enhanced security. LPWAN helps in efficient deployment of the IOT devices by providing an affordable data transmission network hence LPWAN is being largely adopted in smart buildings. Moreover, high investment in the smart city development is expected to play an important role in IoT adoption. Global Smart Cities Primer Picks, Bank of America Merrill Lynch (BAML) anticipates smart city technology and management investment to reach more than $3.48 trillion by 2026 globally. Moreover, other applications of LPWAN includes, smart gas and water metering and office security market are anticipated to be the fastest growing market with a CAGR of 23.3% during the forecast period.

Large Scale Deployments in Europe Leading to Lion’s Share of Market Revenues

Geographically, the global low power wide area network market has been segmented into North America, Europe, Asia Pacific and Rest of the world (ROW). Europe leads the global low power wide area network market by capturing largest market share in terms of revenue of 34.66% in 2020. Europe LPWAN market is primarily driven large scale deployment of low power wide area network in the courtiers of European region. Moreover, Asia pacific is anticipated to be the fastest growing region with a CAGR of 86.9% during the forecast period. Increasing deployment of LPWAN coupled with high investment in the smart city infrastructure possess a huge potential for the growth of LPWAN in the Asia Pacific region.

SigFox’s Due Advantage over Geographical Coverage Area Makes it The Most Deployed Technology

SigFox in the connectivity technology segment leads the global LPWAN market by capturing largest market share of approximately 42.5% in terms of revenue in 2020. SigFox market is expected to grow at CAGR of 84.1% during the forecast period. SigFox is one of the most widely adopted technology in the LPWAN market as with the use of sigFox technique objects in large geographical area can be connected with lower power loss as compare to LoRaWAN and 3GPP technology, which is the primary reason for significant adoption of sigFox technology in connected device. Further, SigFox is regarded as the first modern technology for the LPWAN and operates in the ISM band used for the connect low-energy objects such as electricity meters, washing machines and smart watches. Further, large funding to the company that uses SigFox technique also contributes to growth of SigFox market.

Level of Competition to Moderate with Increasing Market Consolidation

Product launch is the primary strategy adopted by companies in LPWAN market. New and advanced products help to improve company’s market visibility while competing effectively with the key competitors already present in the market. There are notable investments in the low power wide area network (LPWAN) that aids the growth of global low power wide area network (LPWAN) market. Private organizations along with the governments of many countries are inclined towards the development in LPWAN and pertaining to this, all these bodies are highly involved in the investments considering the LPWAN and IoT sector. The major companies include Actility, Sigfox, Ingenu and others, whilst the UK Government, Australian Government etc. are also proactively involved in the investments for LPWAN. The intensity of bargaining power of Global Low Power Wide Area Network (LPWAN) Market is expected to move from high to moderate level over the forecast period 2021 to 2029 as major players are focusing on merger and acquisitions, collaborations, research and development and strategic partnerships for enhancing market presence and market share. The key companies in this market include Semtech Corporation (California), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIoT (Texas), Actility (France), Ingenu (San Diego), Link Labs (Maryland), Weightless SIG, and Senet, Inc. (Portsmouth). The dominant players in the market include Semtech, NWave, SIGFOX and WAVIoT. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

Segmentation

 By Technology (2019-2029; US$ Bn)

  • SIGFOX
  • LoRaWAN
  • Weightless
  • Others

By Services (2019-2029; US$ Bn)

  • Managed Services
  • Professional Services

By Network Deployment (2019-2029; US$ Bn)

  • Public Sector
  • Private Sector

By Applications (2019-2029; US$ Bn)

  • Smart Waste Management
  • Smart Buildings
  • Smart Gas and Water Metering
  • Smart Streetlights
  • Smart Parking
  • Livestock Monitoring
  • Others

 Vertical(2019-2029; US$ Mn)

  • Agriculture
  • Smart Logistic and Transportation
  • Healthcare
  • Oil and Gas
  • Consumer Electronics
  • Others

 Region Type Segment (2019-2029; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Letin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global low power wide area network market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Actility
  • Ingenu
  • Link Labs
  • LORIOT
  • NWave Technologies
  • Semtech Corporation
Chapter 1. Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 Key offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2. Executive Summary
2.1 Market Snapshot: Global LPWAN Market
2.2 Global LPWAN Market by Technology ($ Million) 2020 (US$ Mn)
2.3 Global LPWAN Market by Service ($ Million) 2020 (US$ Mn)
2.4 Global LPWAN Market by Network Deployment ($ Million) 2020 (US$ Mn)
2.5 Global LPWAN Market by Application ($ Million) 2020 (US$ Mn)
2.6 Global LPWAN Market by Vertical ($ Million) 2020 (US$ Mn)
2.7 Global LPWAN Market, by Geography, 2020 (US$ Mn)
2.8 Porter’s Five force Model
2.9 See Saw Analysis
2.10 Key Buying Criteria
2.11 Vendors/Competitive Landscape and Key Winning Strategies
2.12 PESTEL Analysis
2.13 GAP Analysis
2.14 Impact of Covid 19

Chapter 3 Market Determinants
3.1. Market Drivers & Market Impact
3.1.1. increased Demand for Long Range Connectivity between Devices
3.1.2. increasing Adoption of IOT and M2m Applications
3.1.3. Low Power Consumption
3.1.4. Low Cost of LPWAN Technology
3.2. Market Restraints
3.2.1. Heavy Data Traffic
3.2.2. Lack of Governance & Standardization
3.3. Market Opportunities
3.3.1. Emerging Smart Cities and Smart Buildings
3.3.2. Deployment of intelligent Devices
3.3.3. Rising Need for Connectivity in Large industries
3.4. Market Challenges
3.4.1. Lack of Standardization
3.4.2. Privacy and Security Issues

Chapter 4 Market Segmentation Technology ($ Million) 2020 (US$ Mn)
4.1. Global SIGFOX Low Power WAN Market ($ Million) 2020 (US$ Mn)
4.2. Global LORAWAN Low Power WAN Market ($ Million) 2020 (US$ Mn)
4.3. Global Weightless Low Power WAN Market ($ Million) 2020 (US$ Mn)
4.4. Global Other Technology Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 5 Global Low Power WAN Market by Service ($ Million) 2020 (US$ Mn)
5.1. Global Professional Service Low Power WAN Market ($ Million) 2020 (US$ Mn)
5.2. Global Managed Service Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 6 Global Low Power Wide Area Network (LPWAN) Market by Network Deployment ($ Million) 2020 (US$ Mn)
6.1. Global Private Sector Low Power WAN Market ($ Million) 2020 (US$ Mn)
6.2. Global Public Sector Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 7 Global LPWAN Market by Applications ($ Million) 2020 (US$ Mn)
7.1. Global Smart Waste Management Low Power WAN Market ($ Million) 2020 (US$ Mn)
7.2. Global Smart Buildings Low Power WAN Market ($ Million) 2020 (US$ Mn)
7.3. Global Smart Parking Low Power WAN Market ($ Million) 2020 (US$ Mn)
7.4. Global Livestock Monitoring Low Power WAN Market ($ Million) 2020 (US$ Mn)
7.5. Global Smart Streetlight Low Power WAN Market ($ Million) 2020 (US$ Mn)
7.6. Global Others Applications Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 8 Global LPWAN Market by Verticals ($ Million) 2020 (US$ Mn)
8.1. Global Agriculture Low Power WAN Market ($ Million) 2020 (US$ Mn)
8.2. Global Logistics and Transportation Low Power WAN Market ($ Million) 2020 (US$ Mn)
8.3. Global Healthcare Low Power WAN Market ($ Million) 2020 (US$ Mn)
8.4. Global Oil and Gas Low Power WAN Market ($ Million) 2020 (US$ Mn)
8.5. Global Consumer Electronics Low Power WAN Market ($ Million) 2020 (US$ Mn)
8.6. Global Others Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 9 North America Low Power Wide Area Network (LPWAN) Market ($ Million) 2020 (US$ Mn)
9.1. United States Low Power WAN Market ($ Million) 2020 (US$ Mn)
9.2. Canada Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 10 Europe Low Power Wide Area Network (LPWAN) Market ($ Million) 2020 (US$ Mn)
10.1. United Kingdom (U.K) Low Power WAN Market ($ Million) 2020 (US$ Mn)
10.2. France Low Power WAN Market ($ Million) 2020 (US$ Mn)
10.3. Germany Low Power WAN Market ($ Million) 2020 (US$ Mn)
10.4. Spain Low Power WAN Market ($ Million) 2020 (US$ Mn)
10.5. Rest of Europe Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 11 Asia-Pacific Low Power Wide Area Network (LPWAN) Market ($ Million) 2020 (US$ Mn)
11.1. China Low Power WAN Market ($ Million) 2020 (US$ Mn)
11.2. india Low Power WAN Market ($ Million) 2020 (US$ Mn)
11.3. Japan Low Power WAN Market ($ Million) 2020 (US$ Mn)
11.4. Australia Low Power WAN Market ($ Million) 2020 (US$ Mn)
11.5. Rest of Asia-Pacific Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 12 Rest of World Low Power Wide Area Network (LPWAN) Market ($ Million) 2020 (US$ Mn)
12.1. Latin America Low Power WAN Market ($ Million) 2020 (US$ Mn)
12.2. Middle East & Africa Low Power WAN Market ($ Million) 2020 (US$ Mn)

Chapter 13. Company Profile
13.1. Semtech Corporation
13.1.1. Company Overview
13.1.2. Product Portfolio
13.1.3. Strategic initiatives
13.1.4. Scot Analysis
13.1.5. Strategic Analysis
13.2. Loriot Ag
13.2.1. Company Overview
13.2.2. Product Portfolio
13.2.3. Strategic initiatives
13.2.4. Scot Analysis
13.2.5. Strategic Analysis
13.3. NWave Technologies
13.3.1. Company Overview
13.3.2. Product Portfolio
13.3.3. Strategic initiatives
13.3.4. Scot Analysis
13.3.5. Strategic Analysis
13.4. SIGFOX
13.4.1. Company Overview
13.4.2. Product Portfolio
13.4.3. Strategic initiatives
13.4.4. Scot Analysis
13.4.5. Strategic Analysis
13.5. WAVIoT
13.5.1. Company Overview
13.5.2. Product Portfolio
13.5.3. Strategic initiatives
13.5.4. Scot Analysis
13.5.5. Strategic Analysis
13.6. Actility
13.6.1. Company Overview
13.6.2. Product Portfolio
13.6.3. Strategic initiatives
13.6.4. Scot Analysis
13.6.5. Strategic Analysis
13.7. Ingenu
13.7.1. Overview
13.7.2. Product Portfolio
13.7.3. Strategic initiative
13.7.4. Scot Analysis
13.7.5. Strategic Analysis
13.8. Link Labs
13.8.1. Overview
13.8.2. Product Portfolio
13.8.3. Strategic initiative
13.8.4. Scot Analysis
13.8.5. Strategic Analysis
13.9. Weightless SIG
13.9.1. Overview
13.9.2. Product Portfolio
13.9.3. Strategic initiative
13.9.4. Scot Analysis
13.9.5. Strategic Analysis
13.10. ingenu inc.
13.10.1. Overview
13.10.2. Product Portfolio
13.10.3. Strategic initiative
13.10.4. Scot Analysis
13.10.5. Strategic Analysis
13.11. Senet
13.11.1. Overview
13.11.2. Product Portfolio
13.11.3. Strategic initiatives
13.11.4. Scot Analysis
13.11.5. Strategic Analysis
Note: Product cover images may vary from those shown
  • Semtech Corporation
  • LORIOT
  • NWave Technologies
  • SIGFOX
  • WAVIoT
  • Actility
  • Ingenu
  • Link Labs
  • Weightless SIG
  • Senet Inc
Note: Product cover images may vary from those shown
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