The Low Power Wide Area Network (LPWAN) market was valued at US$ 986.0 Mn in 2017 and is projected to reach US$ 28746.5 Mn by 2025; it is expected to grow at a CAGR of 53.2% from 2018 to 2025.
The business throughout the various industries including agriculture, manufacturing, oil & gas among others has lately realized the need to transform their agile back-end infrastructure to efficiently manage and comply with the evolving IoT initiatives and solutions. At present, the majority of the IoT devices are using the already existing network connections such as Zigbee, cellular, Wi-Fi and other proprietary technologies. As the conventional mobile network comprised of functional performances that could not meet the transforming IoT landscape concerning data output, cost efficiencies and coverage areas, the industry players promoted LPWAN. The explosive growth in penetration of IoT devices over the past few years has escalated the demand for LPWAN technology deployments. This is major because these modern technologies were cost-efficient, optimized data transmission, and scalable cellular coverage. Furthermore, Significantly falling prices of system costs, which includes both network levels as well as devices is a predominant trend that is generating growth opportunities for enterprises in IoT sector. The increased growth opportunity for the enterprises in IoT is anticipated to expand its adoption globally, which in turn would fuel the deployment of LPWAN. The growth in IoT market is mainly influenced by ongoing advancements in smartphone market whose large volumes and increasing competition are dramatically reducing prices throughout the value chain. This includes key component parts such as sensors, embedded processors, memory and cellular modems whose steady price declines will continue to drive cost reductions for developing new IoT endpoint applications and thus ease capital requirements for enterprise deployment. At the same time, the persisting price reductions in cellular communications that support IoT device connectivity are catering to the demand for IoT devices. Additionally, expanded use of cloud services in IoT and the benefits of their elastic pricing models will enable cost-effective computational resources that will further reduce cost of ownership and improve the value proposition for enterprise clients, further paving the path for accelerating deployment of LPWAN technologies.
North America dominated the Low Power Wide Area Network (LPWAN) market in 2017, Asia Pacific is the fastest growing region in the global Low Power Wide Area Network (LPWAN) market. Most of the LPWAN technologies offers low cost of ownership in comparison to the traditional cellular networks. Further, they borrow themselves to be used as public as well as private network deployments. The low-cost of ownership allows more interruption by enabling emerging players to undertake the role of network operators and by adopting the development of new business model groups along the value chain. For instance, players such as Senet started to install private networks in the U.S. for precise LPWAN service use cases (tank level monitoring) however, provided their networks to other IoT service providers for generating additional revenue. Senet is now deploying a nationwide public LoRaWAN network. Presently, SIGFOX has the largest coverage globally, announcing ongoing network deployments to 45 countries in February, 2018. Besides several European countries, the company’s coverage in the other countries is still sporadic. Though SIGFOX has its presence across Spain and France, Arqiva, Sigfox U.K. operator currently provides connectivity in around 12 UK cities only.
Lucrative Regions for Low Power Wide Area Network (LPWAN) Market
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Market Insights
Long life cycle and reduced maintenance cost offered by LPWAN
The LPWAN received significant traction during the initial years of IoT industry, this traction was primarily due to the long battery life that was offered by LPWAN. Another factors that are also driving the LPWAN market during the forthcoming years is the relatively low cost of deployment, long range broadcasting capabilities and usage of unlicensed spectrum (spectrum that are available of free). The low cost of deployment of the LPWAN is because of its increased usage of unlicensed spectrum of 1GHz frequency or less, this in-turn eliminates the sizeable amount of fees. Further, due to low data consumption, the LPWAN technology consumes low power, resulting in long lasting battery life to IoT devices, which leads to plummeted operational expenses.
Connectivity Technology-Based Market Insights
On the basis of connectivity technology is broadly classified into LORA WAN alliances, Sigfox, WI-Sum, Weightless LPWAN technology, NB-IoT and others. The LoRa alliance functions on a dissimilar strategy than SigFox. LoRa is more open for manufacturing, as each gateway and hardware manufacturer has the liberty to develop a gateway or module that complies with the LoRa specifications. As the LoRa alliance is open to anyone willing to build the hardware support, the fact has become a significant market traction. But, the pitfall in this policy is that the radio required for LoRa gateway and hardware is provided by Semtech only.
Services -Based Market Insights
On the basis of service segment of LPWAN is bifurcated into managed services and professional services. Rapid technology advancements have harassed the necessity to comprehend the complexities of the IoT environment and assure that the technology is synchronized with the business objectives of IoT companies. Integrating multiple connected and intelligent systems that serve different departments, functions, and stages in development lifecycles of these technologies have been a key challenge faced by organizations today on their growth path. Thus, organizations are seeking for implementing technology-driven business models to attain a competitive advantage.
Application -Based Market Insights
On the basis of application, the global Low Power Wide Area Network (LPWAN) market is categorized into smart street lighting, smart parking, smart metering, smart waste management, asset tracking and others (pet tracking, kids monitoring and, smart class and education. The LPWAN application is majorly based on capacity, consumption, coverage, and cost. An industry application with more than two positive parameters is considered as highly applicable for LPWAN while only one match places it at a low applicability level. In total, eight industries and 24 sub-industries were identified.
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Low Power Wide Area Network (LPWAN) Market: Strategic Insights
Market Size Value in US$ 986.0 Million in 2017 Market Size Value by US$ 28746.5 Million by 2025 Growth rate CAGR of 53.2% from 2018-2025 Forecast Period 2018-2025 Base Year 2017
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Low Power Wide Area Network (LPWAN) Market: Strategic Insights
| Market Size Value in | US$ 986.0 Million in 2017 |
| Market Size Value by | US$ 28746.5 Million by 2025 |
| Growth rate | CAGR of 53.2% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2017 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Nwave Technologies, Sigfox, Semtech Corporation, Loriot, Link Labs, Inc. among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global Low Power Wide Area Network (LPWAN) market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2018, Ingenu stated that it is improving its company strategy to concentrate completely on its technology and to provide RPMA (Random Phase Multiple Access) technology solution through Platform as a Service (PaaS).
- In 2018, Actility declared the release of ThingPark Wireless 5.0. It is an advanced IoT connectivity platform designed for service providers and public IoT networks. The platform exhibits advanced security features for better data security, LTE-M & NB-IoT network integration, capable of multicast, new tools for deployment and updating the device firmware in the field, supporting LoRaWAN roaming.
Low Power Wide Area Network (LPWAN) Market Segmentation:
By Connectivity- Technology
- LoRaWAN
- Weightless
- Sigfox
- NB-IoT
- Wi-SUN
- Others
By Services
- Professional Services
- Managed Services
By Application
- Smart Streetlight
- Smart Metering
- Smart Building
- Smart Waste Management
- Smart Parking
- Asset Management & Tracking
- Others
Company Profiles
- Nwave Technologies
- Sigfox
- Semtech Corporation
- Loriot
- Link Labs, Inc.
- Waviot
- Ingenu
- Actility
- Weightless SIG
- Senet, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Connectivity Technology ; Services ; Application ; End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION 18
1.1 SCOPE OF THE STUDY 18
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 18
2. KEY TAKEAWAYS 20
3. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET LANDSCAPE 23
3.1 MARKET OVERVIEW 23
3.2 MARKET SEGMENTATION 24
3.2.1 Global Low Power Wide Area Network (LPWAN) Market – By Connectivity Technology 25
3.2.2 Global Low Power Wide Area Network (LPWAN) Market – By Services 25
3.2.3 Global Low Power Wide Area Network (LPWAN) Market – By Application 25
3.2.4 Global Low Power Wide Area Network (LPWAN) Market – By End-user 25
3.2.5 Global Low Power Wide Area Network (LPWAN) Market – By Geography 26
3.3 PEST ANALYSIS 27
3.3.1 North America PEST Analysis 27
3.3.2 Europe PEST Analysis 29
3.3.3 Asia Pacific PEST Analysis 31
3.3.4 Middle East and Africa PEST Analysis 33
3.3.5 South America PEST Analysis 35
4. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET – KEY INDUSTRY DYNAMICS 37
4.1 KEY MARKET DYNAMICS 37
4.1.1 Long life cycle and reduced maintenance cost offered by LPWAN 37
4.1.2 Declining prices of communication modules and sensors is expected to increase the IoT use cases 37
4.1.3 Exceptional benefits and support offered by LPWAN Standards 38
4.1.4 Rising incidences 2G/3G switch-off are encouraging the end-users to shift to other alternatives 38
4.2 KEY MARKET RESTRAINTS 39
4.2.1 Highly Fragmented and Uncertain Market Landscape 39
4.2.2 Limitations regarding unlicensed spectrum 39
4.2.3 Lack of Clarity for LPWAN business model 39
4.3 KEY MARKET OPPORTUNITY 40
4.3.1 Real-Time Communication demands by the IoT ecosystem to generate significant growth opportunity for the market 40
4.3.2 Significant growth through smart waste management application in smart cities 40
4.4 KEY MAREKT FUTURE TRENDS 40
4.4.1 Inter-Technology Communication 40
4.4.2 Support for High Data Rate 40
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 41
5. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET – GLOBAL MARKET ANALYSIS 42
5.1 GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET OVERVIEW 42
5.2 GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET FORECAST AND ANALYSIS 43
6. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – CONNECTIVITY TECHNONOLOGY 44
6.1 OVERVIEW 44
6.2 CONNECTIVITY TECHNOLOGY MARKET FORECAST AND ANALYSIS 44
6.3 LORAWAN 45
6.3.1 Overview 45
6.3.2 Global LoRaWAN Market Revenue and Forecast to 2025 45
6.4 SIGFOX 46
6.4.1 Overview 46
6.4.2 Global SigFox Market Revenue and Forecast to 2025 47
6.5 WIEGHTLESS 48
6.5.1 Overview 48
6.5.2 Global Weightless Market Forecast and Analysis 48
6.6 WI-SUN 49
6.6.1 Overview 49
6.6.2 Global Wi-SUN Market Forecast and Analysis 49
6.7 NB-IOT 51
6.7.1 Overview 51
6.7.2 Global NB-IoT Market Forecast & Analysis 51
6.8 OTHERS MARKET 53
6.8.1 Overview 53
6.8.2 Global Others Market Forecast & Analysis 53
7. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – SERVICES 54
7.1 OVERVIEW 54
7.2 PROFESSIONAL SERVICES 55
7.2.1 Overview 55
7.2.2 Global Professional Services Market Forecast and Analysis 55
7.3 MANAGED SERVICES 56
7.3.1 Overview 56
7.3.2 Global Managed Services Market Revenue Forecast & Analysis 56
8. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – APPLICATION 57
8.1 OVERVIEW 57
8.2 APPLICATION MARKET FORECAST & ANALYSIS 57
8.3 SMART STREET LIGHTING MARKET 58
8.3.1 Overview 58
8.3.2 Smart Streetlight market forecast & analysis 58
8.4 SMART METERING MARKET 59
8.4.1 Overview 59
8.4.2 Smart Metering Market Forecast & Analysis 59
8.5 SMART BUILDINGS MARKET 60
8.5.1 Overview 60
8.5.2 Smart Buildings Market Forecast & Analysis 60
8.6 SMART WASTE MANAGEMENT MARKET 61
8.6.1 Overview 61
8.6.2 Smart Waste Management market forecast & analysis 61
8.7 SMART PARKING MARKET 62
8.7.1 Overview 62
8.7.2 Smart parking market forecast & analysis 62
8.8 ASSET MANAGEMENT & TRACKING MARKET 63
8.8.1 Overview 63
8.8.2 Asset Management & Tracking Market Forecast & Analysis 63
8.9 OTHERS MARKET 64
8.9.1 Overview 64
8.9.2 Global Others Market Forecast & Analysis 64
9. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – END USER 65
9.1 OVERVIEW 65
9.1.1 End-User Market Forecast & Analysis 65
9.2 SMART CITY MARKET 66
9.2.1 Overview 66
9.2.2 Global Smart City Market Forecast and Analysis 66
9.3 OIL & GAS MARKET 67
9.3.1 Overview 67
9.3.2 Oil & Gas Market Forecast & Analysis 67
9.4 MANUFACTURING MARKET 68
9.4.1 Overview 68
9.4.2 Global Manufacturing Forecast and Analysis 68
9.5 AGRICULTURE 69
9.5.1 Overview 69
9.5.2 Global Agriculture Market Forecast and Analysis 70
9.6 LOGISTIC & TRANSPORTATION MARET 71
9.6.1 Overview 71
9.6.2 Global Logistics & Transportation Market Forecast & Analysis 71
9.7 HEATHCARE MARKET 72
9.7.1 Overview 72
9.7.2 Global Healthcare Market Revenue Forecast and Analysis 72
9.8 CONSUMER ELECTRONICS MARKET 73
9.8.1 Overview 73
9.8.2 Global Consumer Electronics Market Revenue Forecast and Analysis 73
9.9 OTHERS MARKET 74
9.9.1 Overview 74
9.9.2 Global Others Market Revenue Forecast and Analysis 74
10. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET – GEOGRAPHICAL ANALYSIS 75
10.1 OVERVIEW 75
10.2 NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 76
10.2.1 Overview 76
10.2.2 North America Low Power Wide Area Network (LPWAN) Market Breakdown by Key Countries 77
10.2.2.1 U.S. Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 78
10.2.2.2 Canada Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 79
10.2.2.3 Mexico Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 80
10.2.3 North America Low Power Wide Area Network (LPWAN) Market Breakdown by Connectivity Technology 80
10.2.4 North America Low Power Wide Area Network (LPWAN) Market Breakdown by Services 81
10.2.5 North America Low Power Wide Area Network (LPWAN) Market Breakdown by Application 81
10.2.6 North America Low Power Wide Area Network (LPWAN) Market Breakdown by End-user 82
10.3 EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 83
10.3.1 Overview 83
10.3.2 Europe Low Power Wide Area Network (LPWAN) Market Breakdown by Key Countries 84
10.3.2.1 France Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 85
10.3.2.2 Germany Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 86
10.3.2.3 ITALY Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 87
10.3.2.4 U.K Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 88
10.3.2.5 Spain Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 89
10.3.3 Europe Low Power Wide Area Network (LPWAN) Market Breakdown by Connectivity Technology 90
10.3.4 Europe Low Power Wide Area Network (LPWAN) Market Breakdown by Services 90
10.3.5 Europe Low Power Wide Area Network (LPWAN) Market Breakdown by Application 91
10.3.6 Europe Low Power Wide Area Network (LPWAN) Market Breakdown by End-user 91
10.4 APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 92
10.4.1 Overview 92
10.4.2 APAC Low Power Wide Area Network (LPWAN) Market Breakdown by Key Countries 94
10.4.2.1 Australia Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 95
10.4.2.2 China Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 96
10.4.2.3 India Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 97
10.4.2.4 Japan Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 98
10.4.3 APAC Low Power Wide Area Network (LPWAN) Market Breakdown by Connectivity Technology 98
10.4.4 APAC Low Power Wide Area Network (LPWAN) Market Breakdown by Services 99
10.4.5 APAC Low Power Wide Area Network (LPWAN) Market Breakdown by Application 99
10.4.6 APAC Low Power Wide Area Network (LPWAN) Market Breakdown by End-user 100
10.5 MIDDLE EAST & AFRICA (MEA) LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 101
10.5.1 Overview 101
10.5.2 MEA Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 101
10.5.3 MEA Low Power Wide Area Network (LPWAN) Market Breakdown by Key Countries 102
10.5.3.1 Saudi Arabia Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 103
10.5.3.2 UAE Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 104
10.5.3.3 South Africa Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 105
10.5.4 MEA Low Power Wide Area Network (LPWAN) Market Breakdown by Connectivity Technology 106
10.5.5 MEA Low Power Wide Area Network (LPWAN) Market Breakdown by Services 106
10.5.6 MEA Low Power Wide Area Network (LPWAN) Market Breakdown by Application 107
10.5.7 MEA Low Power Wide Area Network (LPWAN) Market Breakdown by End-user 107
10.6 SOUTH AMERICA (SAM) LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 108
10.6.1 Overview 108
10.6.2 SAM Low Power Wide Area Network (LPWAN) Market Breakdown by Key Countries 109
10.6.2.1 Brazil Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn) 110
10.6.3 SAM Low Power Wide Area Network (LPWAN) Market Breakdown by Connectivity Technology 110
10.6.4 SAM Low Power Wide Area Network (LPWAN) Market Breakdown by Services 111
10.6.5 SAM Low Power Wide Area Network (LPWAN) Market Breakdown by Application 111
10.6.6 SAM Low Power Wide Area Network (LPWAN) Market Breakdown by End-user 112
11. INDUSTRY LANDSCAPE 113
11.1 MARKET INITIATIVE 113
11.2 NEW DEVELOPMENT 115
11.3 INVESTMENT SCORED 116
12. COMPETITIVE LANDSCAPE 117
12.1 COMPETITIVE PRODUCT MAPPING 117
12.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 118
13. COMPANY PROFILES 119
13.1 SIGFOX 119
13.1.1 Key Facts 119
13.1.2 Business Description 119
13.1.3 Financial Overview 119
13.1.4 SWOT Analysis 120
13.1.5 Key Developments 121
13.2 NWAVE TECHNOLOGIES 122
13.2.1 Key Facts 122
13.2.2 Business Description 122
13.2.3 Financial Overview 122
13.2.4 SWOT Analysis 123
13.2.5 Key Developments 124
13.3 LINK LABS 125
13.3.1 Key Facts 125
13.3.3 Financial Overview 125
13.3.4 SWOT Analysis 126
13.3.5 Key Developments 127
13.4 INGENU INC. 128
13.4.1 Key Facts 128
13.4.2 Business Description 128
13.4.3 Financial Overview 128
13.4.4 SWOT Analysis 129
13.4.5 Key Developments 130
13.5 WAVIOT 131
13.5.1 Key Facts 131
13.5.2 Business Description 131
13.5.3 Financial Overview 131
13.5.4 SWOT Analysis 132
13.5.5 Key Developments 133
13.6 LORIOT.IO 134
13.6.1 Key Facts 134
13.6.2 Business Description 134
13.6.3 Financial Overview 134
13.6.4 SWOT Analysis 135
13.6.5 Key Developments 136
13.7 ACTILITY 137
13.7.1 Key Facts 137
13.7.2 Business Description 137
13.7.3 Financial Overview 137
13.7.4 SWOT Analysis 138
13.7.5 Key Developments 140
13.8 SEMTECH CORPORATION 141
13.8.1 Key Facts 141
13.8.2 Business Description 141
13.8.3 Financial Overview 142
13.8.4 SWOT Analysis 142
13.8.5 Key Developments 143
13.9 SENET INC. 145
13.9.1 Key Facts 145
13.9.2 Business Description 145
13.9.3 Financial Overview 145
13.9.4 SWOT Analysis 146
13.9.5 Key Developments 147
13.10 WEIGHTLESS SIG 148
13.10.1 Key Facts 148
13.10.2 Business Description 148
13.10.3 Financial Overview 148
13.10.4 SWOT Analysis 149
13.10.5 Key Developments 150
14. APPENDIX 151
14.1.1 About The Insight Partners 151
14.2 GLOSSARY OF TERMS 151
14.3 METHODOLOGY 153
14.3.1 Coverage 153
14.3.2 Secondary Research 153
14.3.3 Primary Research 154
LIST OF TABLES
TABLE 1. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY CONNECTIVITY TECHNOLOGY (US$ MN) 79
TABLE 2. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY SERVICES (US$ MN) 80
TABLE 3. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY APPLICATION (US$ MN) 80
TABLE 4. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY END-USER (US$ MN) 81
TABLE 5. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY CONNECTIVITY TECHNOLOGY (US$ MN) 89
TABLE 6. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY SERVICES (US$ MN) 89
TABLE 7. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY APPLICATION (US$ MN) 90
TABLE 8. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY END-USER (US$ MN) 90
TABLE 9. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY CONNECTIVITY TECHNOLOGY (US$ MN) 97
TABLE 10. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY SERVICES (US$ MN) 98
TABLE 11. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY APPLICATION (US$ MN) 98
TABLE 12. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY END-USER (US$ MN) 99
TABLE 13. MEA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY CONNECTIVITY TECHNOLOGY (US$ MN) 105
TABLE 14. MEA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY SERVICES (US$ MN) 105
TABLE 15. MEA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY APPLICATION (US$ MN) 106
TABLE 16. MEA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY END-USER (US$ MN) 106
TABLE 17. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY CONNECTIVITY TECHNOLOGY (US$ MN) 109
TABLE 18. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY SERVICES (US$ MN) 110
TABLE 19. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY APPLICATION (US$ MN) 110
TABLE 20. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 – BY END-USER (US$ MN) 111
TABLE 21. GLOSSARY OF TERM: LOW POWER WIDE AREA NETWORK (LPWAN) MARKET 150
LIST OF FIGURES
FIGURE 1. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET, BY REVENUE, 2017 & 2025 19
FIGURE 2. GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET, BY REVENUE, 2017 & 2025 20
FIGURE 3. GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET, BY LORAWAN TECHNOLOGY, 2017 & 2025 21
FIGURE 4. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET SEGMENTATION 23
FIGURE 5. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET SEGMENTATION - GEOGRAPHIC 23
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 26
FIGURE 7. EUROPE – PEST ANALYSIS 28
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 30
FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 32
FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 34
FIGURE 11. LPWAN MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 40
FIGURE 12. GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET 41
FIGURE 13. GLOBAL LOW POWER WIDE AREA NETWORK (LPWAN) MARKET FORECAST AND ANALYSIS 42
FIGURE 14. GLOBAL LPWAN MARKET BREAKDOWN BY CONNECTIVITY TECHNOLOGY, 2017 & 2025 (%) 43
FIGURE 15. GLOBAL LORAWAN MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 45
FIGURE 16. GLOBAL SIGFOX MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 46
FIGURE 17. GLOBAL WEIGHTLESS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 47
FIGURE 18. GLOBAL WI-SUN MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 49
FIGURE 19. GLOBAL NB-IOT MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 51
FIGURE 20. GLOBAL OTHERS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 52
FIGURE 21. GLOBAL LPWAN MARKET BREAKDOWN BY SERVICES, 2017 & 2025 (%) 53
FIGURE 22. GLOBAL PROFESSIONAL SERVICES MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 54
FIGURE 23. GLOBAL MANAGED SERVICES MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 55
FIGURE 24. GLOBAL LPWAN MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 56
FIGURE 25. GLOBAL SMART LSTREET LIGHTING MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 57
FIGURE 26. GLOBAL SMART METERING MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 58
FIGURE 27. GLOBAL SMART BUILDINGS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 59
FIGURE 28. GLOBAL SMART WASTE MANAGEMENT MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 60
FIGURE 29. GLOBAL SMART PARKING MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 61
FIGURE 30. GLOBAL ASSET MANAGEMENT & TRACKING MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 62
FIGURE 31. GLOBAL OTHERS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 63
FIGURE 32. GLOBAL LPWAN MARKET BREAKDOWN BY END-USER, 2017 & 2025 (%) 64
FIGURE 33. GLOBAL SMART CITY MARKET REVENUE FORECAST TO 2025 (US$ MN) 65
FIGURE 34. GLOBAL OIL & GAS MARKET REVENUE FORECAST TO 2025 (US$ MN) 66
FIGURE 35. GLOBAL MANUFACTURING MARKET REVENUE FORECAST TO 2025 (US$ MN) 67
FIGURE 36. GLOBAL AGRICULTURE MARKET REVENUE FORECAST TO 2025 (US$ MN) 69
FIGURE 37. GLOBAL LOGISTICS & TRANSPORTATION MARKET REVENUE FORECAST TO 2025 (US$ MN) 70
FIGURE 38. GLOBAL HEALTHCARE MARKET REVENUE FORECAST TO 2025 (US$ MN) 71
FIGURE 39. GLOBAL CONSUMER ELECTRONICS MARKET REVENUE FORECAST TO 2025 (US$ MN) 72
FIGURE 40. GLOBAL OTHERS MARKET REVENUE FORECAST TO 2025 (US$ MN) 73
FIGURE 41. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 74
FIGURE 42. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 75
FIGURE 43. NORTH AMERICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 76
FIGURE 44. U.S. LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 77
FIGURE 45. CANADA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 78
FIGURE 46. MEXICO LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 79
FIGURE 47. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 82
FIGURE 48. EUROPE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 83
FIGURE 49. FRANCE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 84
FIGURE 50. GERMANY LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 85
FIGURE 51. ITALY LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 86
FIGURE 52. U.K LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 87
FIGURE 53. SPAIN LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 88
FIGURE 54. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 92
FIGURE 55. APAC LOW POWER WIDE AREA NETWORK (LPWAN) MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 93
FIGURE 56. AUSTRALIA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 94
FIGURE 57. CHINA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 95
FIGURE 58. INDIA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 96
FIGURE 59. JAPAN LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 97
FIGURE 60. MEA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 101
FIGURE 61. SAUDI ARABIA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 102
FIGURE 62. UAE LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 103
FIGURE 63. SOUTH AFRICA LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 104
FIGURE 64. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 107
FIGURE 65. SAM LOW POWER WIDE AREA NETWORK (LPWAN) MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 108
FIGURE 66. brazil Low Power Wide Area Network (LPWAN) Market Revenue and Forecast to 2025 (US$ Mn)
The List of Companies - Low Power Wide Area Network (LPWAN) Market
1. Nwave Technologies
2. SIGFOX
3. Semtech Corporation
4. LORIOT.IO
5. Link Labs, Inc.
6. Waviot
7. Ingenu Inc.
8. Actility
9. Weightless SIG
10. Senet, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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