Low Power Wide Area Network (LPWAN) Market Size 2021 Report Includes Raw Materials Sources, Major Manufacturers, Export and Import by Regions

Global Low power wide area network Market is valued approximately at USD 3.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 54% over the forecast period 2019-2026. LPWAN technology offers long range connectivity that enables devices to move over large geospatial areas. LPWAN technology uses modulation techniques to achieve a link budget of 150± 10 dB that enables long range connectivity such as few kilometers in urban areas and up to 10 kilometers range in rural areas.

This long-range connectivity is due to use of sub-1GHz band. Use of Sub-GHz band in most LPWAN offers reliable and robust communication at a low power requirement. Sub-GHz band as compared to 2.4 GHz mostly used in Wi-Fi, Bluetooth, ZigBee and other home appliances, offer lower frequency signals that enables less attenuation and multipath fading caused by obstacles and dense surface such as concrete walls. Also, Sub-GHz is less congested as compared to 2.4 GHz used in wireless technology this low congestion of Sub-1GHz results in high reliability as compared to other wireless technology and enables long range connectivity in devices.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

Increasing demand for long range connectivity between devices are expected to fuel the demand of LPWAN, increasing adoption of IoT and m2m application and low cost of technology are key driving factors of market growth. Apart from this, emerging smart cities and smart buildings coupled with deployment of intelligent devices is expected to create significant growth opportunity in the market over the forecast period. However, lack of a governance policies impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global Low power wide area network market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the rise in the number of IoT applications and government initiatives for the development of LPWAN standards. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising IoT applications and efforts taken by government agencies for the development of communications infrastructure coupled with increasing adoption of M2M communication applications would create lucrative growth prospects for the Low power wide area network market across Asia-Pacific region.

Major market player included in this report are:
Semtech Corporation
Loriot
Nwave Technologies
Sigfox
Waviot
Actility
Ingenu
Link Labs, Inc.
Weightless SIG
Senet, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Connectivity Technology:
Sigfox
LoRaWAN
Weightless
Others

By Technology Service:
Professional Services
Managed Services
By Network Deployment:
Private Sector
Public Sector

By Application:
Smart Waste Management
Smart Buildings
Smart Gas and Water Metering
Smart Parking
Smart Streetlight
Livestock Monitoring
Others

By Vertical:
Agriculture
Logistics and Transportation
Healthcare
Industrial Manufacturing
Oil and Gas
Consumer Electronics
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Low power wide area network market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Low power wide area network Market, by Region, 2017-2026 (USD Billion)
1.2.2. Low power wide area network Market, by Connectivity Technology, 2017-2026 (USD Billion)
1.2.3. Low power wide area network Market, by Technology Service, 2017-2026 (USD Billion)
1.2.4. Low power wide area network Market, by Network Deployment, 2017-2026 (USD Billion)
1.2.5. Low power wide area network Market, by Application, 2017-2026 (USD Billion)
1.2.6. Low power wide area network Market, by Vertical, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Low power wide area network Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Low power wide area network Market Dynamics
3.1. Low power wide area network Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Low power wide area network Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Low power wide area network Market, by Connectivity Technology
5.1. Market Snapshot
5.2. Global Low power wide area network Market by Connectivity Technology, Performance – Potential Analysis
5.3. Global Low power wide area network Market Estimates & Forecasts by Connectivity Technology 2016-2026 (USD Billion)
5.4. Low power wide area network Market, Sub Segment Analysis
5.4.1. Sigfox
5.4.2. LoRaWAN
5.4.3. Weightless
5.4.4. Others
Chapter 6. Global Low power wide area network Market, by Technology Service
6.1. Market Snapshot
6.2. Global Low power wide area network Market by Technology Service, Performance – Potential Analysis
6.3. Global Low power wide area network Market Estimates & Forecasts by Technology Service 2016-2026 (USD Billion)

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