Home > Semiconductors & Electronics > Telecom and Networking > Telecom Hardware > Low Power Wide Area Network (LPWAN) Market

Low Power Wide Area Network (LPWAN) Market Size

  • Report ID: GMI674
  • Published Date: Nov 2022
  • Report Format: PDF
 Download Free Sample

LPWAN Market Size

LPWAN Market size surpassed USD 5 billion in 2022 and is anticipated to grow at around 50% CAGR from 2023 to 2032. The adoption of IoT and other embedded devices continues to surge, driving telecom operators to commercialize low power wide area (LPWA) networks.

 

LPWAN Market
To get key market trends
  Download Free Sample

The lack of uniformity in standards may thus limit their applicability in industrial sectors, where carrier-grade reliability is a prerequisite. Furthermore, service quality issues associated with unlicensed solutions may hinder industry expansion. Despite these challenges, the growing investment in R&D and commercialization of LTE-M and NB-IoT infrastructures will create lucrative growth opportunities for LPWAN providers.

 

Low Power Wide Area Network Market Report Attributes
Report Attribute Details
Base Year:2022
Low Power Wide Area Network Market Size in 2022:USD 5 billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:50%
2032 Value Projection:USD 350 billion
Historical Data for:2018 to 2022
No. of Pages:310
Tables, Charts & Figures:513
Segments covered:Component, Deployment Model, Application, End-use and Region
Growth Drivers:
  • Support for both licensed and unlicensed spectrum
  • Increasing investment by telecom operators in LTE-M and NB-IoT
  • Initiatives for developing LPWAN standards
  • Growing demand for low-cost, long-range M2M communications
  • High popularity of smart city applications
Pitfalls & Challenges:
  • Early-stage standards
  • Network interference and co-existence issues
Learn more about the key segments shaping this market
 Download Free Sample
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of low power wide area network valued at USD 5 billion in 2022 and is set to depict more than 50% CAGR between 2023 and 2032, due to the growing dependence on IoT-connected devices.

The agriculture end-use segment is likely to exhibit over 55% growth rate through 2032, owing to the increasing adoption of AI and IoT technologies for efficient farming operations.

The Europe LPWAN industry valuation is anticipated to cross USD 80 billion by 2032, considering the rapid digital transformation and the popularity of smart manufacturing.

Key players in the low power wide area network (LPWAN) market include Ingenu Inc., Actility, Cisco Systems, Inc., AT&T Inc., Huawei Technologies Co., Ltd., Avnet, Inc., Vodafone Group Plc, WavIoT, and Verizon Communications Inc., among others.

Low Power Wide Area Network Market Scope

  • Low Power Wide Area Network Market Size
  • Low Power Wide Area Network Market Analysis
  • Low Power Wide Area Network Market Share

    • Buy Now

    Premium Report Details

    • Base Year: 2022
    • Companies covered: 20
    • Tables & Figures: 513
    • Countries covered: 24
    • Pages: 310
     Download Free Sample
    ×
    Get a free sample of Low Power Wide Area Network Market
    Inquiry Before Buying
    Get special pricing options on this report
    Request Sectional Data
    Over 70% of our clients customize reports to fit their needs. Please tell us how you would like to customize yours below

    Your personal details will remain secure and confidential.