Adoption of LoRaWAN in Smart Cities will Drive the Global Growth

The global LoRaWAN® Market is witnessing growth and is expected to grow at a CAGR of 47.2% from 2019 to 2026. Low-Power Wide-Area Network (LPWAN) technology is a significant technology to fulfil the growing Smart City demands in buildings, environment monitoring, parking, street lighting, smart metering, fleet management, and others. However, LoRaWAN is basically designed for a wide range, low power communications and smart city applications that benefit from wireless battery-operated things and secure bi-directional communication, mobility and localization service. The factors that drive the growth of global is the growing demand of low power wide area networks in IoT devices and smart cities, and a rise in the adoption of LoRaWAN across various industry verticals like Utilities, Manufacturing, Healthcare, Logistics, etc.

The LoRa networking gateways provide coverage in difficult-to-reach indoor locations. However, the long-range wireless gateway is an IoT platform that accompanies the LoRaWAN® infrastructure for use in buildings and homes. The private network is mainly deployed in smart buildings and homes. IoT technology is making it easier for buildings to save energy and improve their sustainability.

The report overview includes studying the market scope, leading players like Murata Manufacturing Co., LINK LABS, Microchip Technology Inc., Laird Connectivity, Semtech Corporation, SK TELECOM CO., etc., market segments and sub-segments, market analysis by type, application, geography. The report covers Leading Countries and analyzes the potential of the global LoRaWaN industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis, and market entry strategy Analysis, opportunities, and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19.

The Major Companies Covered in LoRaWaN Market Report are:

• Murata Manufacturing Co. Ltd.
• LINK LABS
• Microchip Technology Inc.
• Laird Connectivity
• Semtech Corporation
• SK TELECOM CO. LTD.
• Orange S.A. Senet.
• Comcast Corporation

The major players operating in the market emphasis on new product development, product launches, and several other strategies such as mergers and acquisitions, in order to grab the attention of a greater number of customer attention.

Application Analysis: Global LoRaWaN market also specifically underpins end-use application scope and their improvements based on technological developments and consumer preferences.

• By Application (Asset Tracking, Smart Metering, Smart Parking, Smart Waste Management, Smart Building, Others)
• By End-User (Agriculture, Utilities, Consumer Electronics, Healthcare, Manufacturing, Others)

Product Type Analysis: Global LoRaWaN market also specifically underpins type scope and their improvements based on technological developments and consumer preferences.

• By Deployment (Public Network, Private Network, Hybrid Network)
• By Hardware (End Point Sensors, Connectivity Modules, Networking Gateways)

LoRaWAN® is primarily being adopted in smart cities as they provide long range, low power, secure, and GPS-free geolocation features. By connecting city services such as lighting, parking, waste removal, and more, cities can optimize the use of utilities and personnel to save time and money. Many companies are using LoRaWAN® to develop smart cities. For instance, in June 2018, Semtech Corporation, has announced that Kiwi Technology Inc., a provider of comprehensive solutions and services for the Internet of Things (IoT), is dedicated to implementing Semtech’s LoRa devices and wireless radio frequency technology (LoRa Technology) to maximize energy resources and reduce operational costs in smart cities. This will enable the LoRa-based network to be more widely used in the Asian market, while further upgrading the industrial level of smart utilities.

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