The global market for LoRa and LoRaWAN IoT was estimated at US$8.6 Billion in 2024 and is projected to reach US$40.3 Billion by 2030, growing at a CAGR of 29.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the LoRa and LoRaWAN IoT market.
These technologies have become foundational in various sectors such as smart agriculture, utilities, logistics, smart cities, and industrial automation. LoRaWAN enables real-time data collection and remote monitoring without the need for expensive cellular or satellite networks. Its low data rate but high coverage range (up to 15-20 km in rural areas) makes it particularly well-suited for non-time-critical IoT applications such as soil moisture tracking, energy metering, parking management, and environmental monitoring. The open standard nature of LoRaWAN, governed by the LoRa Alliance, has spurred a global ecosystem of device manufacturers, network operators, and service providers, accelerating its adoption across public and private networks.
In terms of application, smart agriculture is one of the fastest-growing segments, where LoRa-enabled sensors are used to monitor soil moisture, crop conditions, and livestock movements with minimal power consumption. In utilities, LoRaWAN is revolutionizing smart metering by allowing utility companies to remotely track water, gas, and electricity consumption in near real-time, reducing operational costs and improving resource efficiency. Smart cities are leveraging LoRaWAN for traffic management, air quality monitoring, and waste collection optimization. Additionally, industrial environments are adopting LoRa for predictive maintenance, equipment tracking, and energy usage optimization - facilitating digital transformation and operational resilience.
Government-backed smart city initiatives and utility modernization programs are among the biggest catalysts, particularly in regions like Europe, North America, and Asia-Pacific. In developing economies, LoRaWAN is gaining traction as a viable connectivity alternative where cellular networks are limited or prohibitively expensive. Moreover, the growing ecosystem of LoRaWAN-certified devices, platforms, and integrations is lowering the barrier to entry for IoT solution developers and enterprises. Partnerships between telecom operators, cloud service providers, and municipal agencies are accelerating the rollout of LoRaWAN-based infrastructure, further boosting market penetration. With its unique blend of long-range, low-power, and cost-effective connectivity, LoRa and LoRaWAN are well-positioned to dominate the future of scalable and sustainable IoT networks worldwide.
Global LoRa and LoRaWAN IoT Market - Key Trends & Drivers Summarized
What Are LoRa and LoRaWAN, and Why Are They Crucial to IoT Connectivity?
LoRa (Long Range) and LoRaWAN (Long Range Wide Area Network) are low-power, wide-area networking (LPWAN) technologies designed specifically for wireless communication in Internet of Things (IoT) applications. LoRa is the physical layer that enables long-range, low-power signal transmission using chirp spread spectrum modulation, while LoRaWAN is the communication protocol and system architecture that manages communication between end devices and network gateways. Together, they provide cost-effective, energy-efficient, and secure connectivity over large distances, making them ideal for battery-operated sensors and devices in remote or hard-to-reach environments.These technologies have become foundational in various sectors such as smart agriculture, utilities, logistics, smart cities, and industrial automation. LoRaWAN enables real-time data collection and remote monitoring without the need for expensive cellular or satellite networks. Its low data rate but high coverage range (up to 15-20 km in rural areas) makes it particularly well-suited for non-time-critical IoT applications such as soil moisture tracking, energy metering, parking management, and environmental monitoring. The open standard nature of LoRaWAN, governed by the LoRa Alliance, has spurred a global ecosystem of device manufacturers, network operators, and service providers, accelerating its adoption across public and private networks.
Which Technological Advancements and Use Cases Are Fueling LoRa and LoRaWAN Deployment?
The market for LoRa and LoRaWAN is being propelled by a growing range of use cases and continuous technological improvements that enhance network performance, scalability, and interoperability. Key advancements include the integration of LoRaWAN with edge computing and AI to enable smarter, local decision-making, as well as hybrid networks that combine LoRa with 5G, Wi-Fi, or satellite to broaden coverage and reliability. Recent developments like firmware-over-the-air (FOTA) updates and improved end-to-end encryption are further bolstering the manageability and security of LoRa-based systems.In terms of application, smart agriculture is one of the fastest-growing segments, where LoRa-enabled sensors are used to monitor soil moisture, crop conditions, and livestock movements with minimal power consumption. In utilities, LoRaWAN is revolutionizing smart metering by allowing utility companies to remotely track water, gas, and electricity consumption in near real-time, reducing operational costs and improving resource efficiency. Smart cities are leveraging LoRaWAN for traffic management, air quality monitoring, and waste collection optimization. Additionally, industrial environments are adopting LoRa for predictive maintenance, equipment tracking, and energy usage optimization - facilitating digital transformation and operational resilience.
What Is Powering the Growth of the Global LoRa and LoRaWAN IoT Market?
The growth in the global LoRa and LoRaWAN IoT market is driven by several factors, including the rising demand for low-power wide-area connectivity, increased adoption of smart infrastructure, and the scalability of LPWAN technologies for diverse IoT deployments. As organizations across industries seek cost-efficient ways to digitize operations and collect real-time data, LoRaWAN stands out for its low operational costs, unlicensed spectrum use, and long battery life - enabling the deployment of large-scale sensor networks without frequent maintenance or high connectivity fees.Government-backed smart city initiatives and utility modernization programs are among the biggest catalysts, particularly in regions like Europe, North America, and Asia-Pacific. In developing economies, LoRaWAN is gaining traction as a viable connectivity alternative where cellular networks are limited or prohibitively expensive. Moreover, the growing ecosystem of LoRaWAN-certified devices, platforms, and integrations is lowering the barrier to entry for IoT solution developers and enterprises. Partnerships between telecom operators, cloud service providers, and municipal agencies are accelerating the rollout of LoRaWAN-based infrastructure, further boosting market penetration. With its unique blend of long-range, low-power, and cost-effective connectivity, LoRa and LoRaWAN are well-positioned to dominate the future of scalable and sustainable IoT networks worldwide.
Scope of Study:
The report analyzes the LoRa and LoRaWAN IoT market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Offering (Hardware, Platforms, Services); Network Deployment (Public, Private, Hybrid); Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Healthcare, Smart Agriculture & Livestock Management, Smart Utilities, Others)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hardware segment, which is expected to reach US$24.3 Billion by 2030 with a CAGR of a 27.5%. The Platforms segment is also set to grow at 31.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.3 Billion in 2024, and China, forecasted to grow at an impressive 27.8% CAGR to reach $6.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global LoRa and LoRaWAN IoT Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global LoRa and LoRaWAN IoT Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global LoRa and LoRaWAN IoT Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Actility, Advantech, Bosch Group, Cisco Systems, Inc., Digi International and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 34 companies featured in this LoRa and LoRaWAN IoT market report include:
- Actility
- Advantech
- Bosch Group
- Cisco Systems, Inc.
- Digi International
- Everynet
- Kerlink
- LORIOT
- MachineQ (Comcast)
- MultiTech Systems
- Murata Manufacturing
- NEC Corporation
- Orange SA
- OrbiWise
- RAKwireless
- Semtech Corporation
- Senet
- SK Telecom
- Tata Communications
- The Things Industries
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Actility
- Advantech
- Bosch Group
- Cisco Systems, Inc.
- Digi International
- Everynet
- Kerlink
- LORIOT
- MachineQ (Comcast)
- MultiTech Systems
- Murata Manufacturing
- NEC Corporation
- Orange SA
- OrbiWise
- RAKwireless
- Semtech Corporation
- Senet
- SK Telecom
- Tata Communications
- The Things Industries
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 174 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 8.6 Billion |
| Forecasted Market Value ( USD | $ 40.3 Billion |
| Compound Annual Growth Rate | 29.2% |
| Regions Covered | Global |
