LoRaWAN is a wireless technology based on Low Power Wide Area Network (LPWAN) standard ideal for Internet of Things (IoT) applications requiring long range and low power consumption. It enables connectivity of battery operated ‘things’ to the internet at distances of several kilometres in urban, rural and remote areas using small amounts of battery power. LoRaWAN offers benefits such as low cost and simple deployment, ability to operate even in challenging RF environments and supports mobility. A typical LoRaWAN network architecture consists of IoT end-nodes using LoRa technology to communicate with gateways and the network server facilitating bi-directional communication.
The Global LoRaWAN Market is estimated to be valued at USD 4.98 Bn in 2025 and is expected to exhibit a CAGR of 34.7% over the forecast period from 2025 to 2032.
Growing demand for connectivity of devices in industrial IoT applications is driving adoption of LoRaWAN technology.
Key Takeaways
– Key players operating in the LoRaWan market are Semtech Corporation, Actility, Loriot, Cisco Systems Inc., Embitel Technologies, etc.
– Expanding indoor and outdoor IoT applications in smart cities, utilities, supply chain and logistics is propelling LoRaWAN market growth. Utilities sector is increasingly deploying LoRaWAN for smart metering and distribution automation.
– LoRaWAN network providers are focusing on technological upgrades to enable additional capabilities such as geolocation, improved security and support for mobility and roaming. Advancements like LoRaWAN 1.1 and 1.0.4 versions are enhancing performance.
Market Trends
– Increasing adoption of private LoRaWAN networks: With enhancements in LoRaWAN protocol, many enterprises are establishing their own private networks for specific vertical applications with enhanced control and security.
– Proliferation of partnerships: Semtech collaborates with LoRa Alliance partners and companies are partnering with LoRaWAN providers and end-users to develop innovative IoT solutions and expedite deployments.
Market Opportunities
– Growing smart city initiatives in developing markets: Countries in Asia Pacific and Middle East are implementing smart city projects which will drive large scale LoRaWAN networks deployments.
– IIoT applications in manufacturing and logistics: Adoption of LoRaWAN is expected to surge for industrial automation, predictive maintenance, cold chain monitoring and asset tracking in manufacturing and logistics industries.
Impact of COVID-19 on LoRaWAN Market Growth
The COVID-19 pandemic significantly impacted the LoRaWAN market growth globally. Lockdowns imposed by various governments disrupted the supply chain and halted manufacturing activities. This adversely affected the production and deployment of LoRaWAN devices and networks during 2020 and 2021. Furthermore, with widespread remote working, the demand from industries such as manufacturing, oil & gas declined significantly as their operations were shut down due to the pandemic.
However, with mass vaccination drives conducted across countries, economic activities are gradually restarting. The LoRaWAN market is expected to rebound from 2022 as restrictions ease. The pandemic also accelerated digital transformation initiatives of organizations. Many industries increased adoption of IoT solutions for effective asset management, supply chain visibility and optimization of business operations. This boost in IoT deployments will drive the demand for low power wide area networks like LoRaWAN in the coming years. Although short-term challenges arose, Covid-19 emphasized the importance of connected technologies. This will help LoRaWAN gain increasing traction post-pandemic for applications across various verticals.
Europe currently dominates the LoRaWAN market in terms of value. Countries like Germany, France and UK have witnessed large scale deployments of LoRaWAN networks. This is attributed to supportive government regulations and increasing IoT projects across sectors like smart manufacturing, logistics and utilities management in the region. Furthermore, presence of major LoRaWAN vendors has augmented Europe’s dominance. However, strong economic growth and government initiatives are fueling IoT adoption at a rapid pace in Asia Pacific. Countries like China, Japan and India are emerging as lucrative markets. Development of smart cities and expanding manufacturing industry will drive Asia Pacific to become the fastest growing regional market for LoRaWAN during the forecast period.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)