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LPWAN Market | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2025

Author : Ronak Bora | Published Date : 2020-09-08 

LPWAN market is projected to surpass USD 65 billion by 2025. The market growth is attributed to the increase in the demand for unlicensed & licensed LPWA technologies to improve coverage, extend devices' battery life, and reduce costs as compared to traditional cellular connectivity options. The growing deployment of IoT-enabled applications, such as smart water meters, precision agriculture, and smart transportation, is increasing the need for reliable connectivity solutions that can connect multiple & remote devices cost-effectively. The favorable government initiatives to support the development of smart cities will also expedite LPWAN market growth.

Another factor propelling the LPWAN market growth is the rising investments on the emerging 5G technology. The 5G technology will enable telecom companies to provide high connectivity to support various IoT use cases. The mobile IoT technologies, such as NB-IoT and LTE-M, provide a cost-effective wide area coverage while forming the foundation of 5G network's success. The major telecom companies including Airtel, Vodafone, and Orange are deploying licensed cellular LPWAN as a part of their 5G strategies.

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Increasing investment by telecom operators in laying NB-IoT and LoRaWAN networks across various cities is benefiting the overall LPWAN market size

  • In 2018, the British telecom operator Vodafone announced NB-IoT network expansions in Spain and Germany, with ambitious plans to double the size of its NB-IoT footprint in Europe by the end of this year.

The NB-IoT network of Vodafone was deployed across Madrid and Valencia in 2017 in a number of verticals such as retail, electricity, agriculture, waste management, and smart city services. This technology has now been expanded to all localities in the cities of Seville, Malaga, Bilbao, and Barcelona, covering a population of about 25,000.

  • In 2016, South Korea’s national telecommunications operator SK Telecom joined hands with semiconductors manufacturer Semtech Corporation to roll out LPWAN network across the nation. Additionally, the operator had also declared that it plans to provide 100,000 LoRa devices free of cost to its customers as part of its ‘Partner Hub Program’.

This program has apparently played a vital role in scaling the development and deployment of LoRa devices (based on IoT solutions) and has been of immense significance for expanding the South Korea LPWAN market size.

  • Digital Catapult, the UK’s foremost agency for adoption of digital technologies, announced in 2016 that it is working closely with British telecom firm BT and a few educational institutes to boost the IoT network in London. To that effect, the company launched Digital Catapult Things Connected which will provide about 50 LoRaWAN base stations situated across London – an effort to establish the UK’s largest IoT LoRaWAN network.

Needless to mention, this network and support program will provide an opportunity to digital start-ups and small and medium-scale enterprises to use IoT and drive innovation across London.

The Asia Pacific LPWAN market is expected to witness the fastest growth rate of over 68% during the forecast timeline. The countries in the region including China, India, and the Netherlands are witnessing a surge in the adoption of IoT solutions in various industry verticals such as agriculture, manufacturing, utilities, and logistics. For instance, the government agencies in the countries including India and China are supporting digital transformation with initiatives, such as 'Make in India' & 'Made in China 2025', to promote the adoption of IoT across manufacturing industries. The massive implementation of IoT platforms will give rise to the demand for LPWA connections to support IoT-based applications, enabling smart factories. The global LPWAN vendors are also expanding their network in this region, increasing the uptake of LPWAN solutions. For instance, in July 2016, Semtech teamed up with SK Telecom to deploy a nationwide LoRaWAN network in South Korea. The partnership is helping SMEs & start-ups to test & deploy their innovative IoT solutions over the network.

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The companies operating in the LPWAN market are focusing on the expansion of their existing cellular networks to enable the deployment of IoT devices. For instance, in October 2018, Vodafone announced the expansion of its NB-IoT network in Spain and Germany by the end of 2019. Vodafone's NB-IoT has a capacity to provide around four billion devices simultaneously. In September 2016, Digital Catapult launched an IoT network across London. The company deployed around 50 LoRaWAN base stations to address issues such as infrastructure provision, energy management, and transport services. Some companies are also opening new R&D labs globally to facilitate the development of the IoT ecosystem. For instance, in March 2018, Actility opened new IoT labs in Paris to help developers test and introduce new connected devices. The labs enable users to test their devices with cloud platforms such as Microsoft Azure and Amazon AWS.

Table of Contents (ToC) of the report:

Chapter 6. LPWAN Market, By Deployment Model

6.1. Key trends, by deployment model

6.2. On-premise

6.2.1. Market estimates and forecast, 2015 - 2025

6.3. Cloud

6.3.1. Market estimates and forecast, 2015 – 2025

Chapter 7. LPWAN Market, By Application

7.1. Key trends, by application

7.2. Smart gas and water metering

7.2.1. Market estimates and forecast, 2015 - 2025

7.3. Asset tracking

7.3.1. Market estimates and forecast, 2015 - 2025

7.4. Smart bulidings

7.4.1. Market estimates and forecast, 2015 - 2025

7.5. Smart parking

7.5.1. Market estimates and forecast, 2015 - 2025

7.6. Precision agriculture

7.6.1. Market estimates and forecast, 2015 - 2025

7.7. Smart waste management

7.7.1. Market estimates and forecast, 2015 - 2025

7.8. Livestock monitoring

7.8.1. Market estimates and forecast, 2015 – 2025

7.9. Others

7.9.1. Market estimates and forecast, 2015 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/low-power-wide-area-network-lpwan-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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