Low-Power WAN Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Low Power WAN Market is segmented by Type (NB-IoT, Lorawan, and LTE-M), Service (Professional Service and Managed Service), End-user (Oil and Gas, Consumer Electronics, Healthcare, Industrial Manufacturing, and Logistics and Travelling), Application (Smart Meters, Smart Buildings, Smart logistics, and Smart Agriculture), and Geography.

Market Snapshot

low power wan market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 84.53 %

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Market Overview

The low-power WAN market was valued at USD 6.33 billion in 2020 and is expected to reach a value of USD 249.12 billion by 2026, registering a CAGR of 84.53% during the forecast period of 2021-2026. The need for enhancement of 4G technology, in terms of low-cost, network capacity, network efficiency, and end-to-end delay, is projected to ascend the usage of LPWAN.

  • The rapid growth in the investment of smart cities is likely to foster the market's growth. For instance, in October 2018, the National Science Foundation (NSF) announced an investment in connected and smart city programs worth USD 22.6 million.
  • Though it is capable of delivering messages to distances, ranging about 30-50 km in rural areas, 3-10 km in urban settings, and up to 1,000 km in line-of-site applications, its packet size has been limited to 150 messages of 12 byte per day.
  • The major application of LPWAN, includes fleet management, good tracking, smart metering, smart grid management, home automation, waste management, process monitoring and control, and climate monitoring, among others.
  • Few of the challenges to this technology that may hamper the overall adoption and market include future coverage and scalability, technology co-existence, real-time communication. In addition, the security of the network, not as robust as sending data back to endpoints, can also be prone to interference.

Scope of the Report

Low-power wide-area network (LPWAN) is a particular network that enables long-range communication at a low bit rate. LPWAN overcomes the technological choice for constructing IoT networks globally. This wireless technology can be integrated into the street lights, cars, manufacturing equipment, home appliances, and wearable devices. LPWAN offers a plausible mix of long-range, low power consumption, and secure data transmission.

By Type
LoRaWAN
NB-IoT
LTE-M
Other Types (Sigfox, Weightless, etc.)
By Service
Professional Service
Managed Service
By End-user
Oil and Gas
Consumer Electronics
Healthcare
Industrial Manufacturing
Logistics and Travelling
Other End-users
By Application
Smart Cities
Smart Homes/Buildings
Smart Agriculture
Other Applications
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

5G Technology to Drive the Market Growth

  • The 5G technology (5th generation of mobile technology), which is expected to be commercialized by 2020, is likely to support a wide array of features and the existing usages of LPWAN. 
  • The need for enhancement of 4G technology in terms of low cost, network capacity, network efficiency, and end-to-end delay, is projected to ascend the usage of LWPAN. Hence, these aforementioned factors have positive impacts on the market's growth.
  • Diverse organizations are raising funds and increasing investment toward 5G technology. For instance, WIG, a wireless infrastructure provider, raised GBP 220 million for the investment associated with 5G infrastructure. As a result, it is expected to ascend the demand for the technology in the next six years.
  • Notably, the rapid growth in the investment of smart-cities is likely to foster the market's growth. For instance, in October 2018, the National Science Foundation (NSF) announced an investment in connected smart-city programs worth USD 22.6 million.
  • Saudi Arabia and the United Arab Emirates are expected to lead in terms of investments in smart-city projects, owing to the favorable government initiatives. As a result, it creates an immense opportunity for the companies to invest in these countries. These factors will help not only in boosting the market's growth but also in garnering higher market shares.
low power wan market

North America Expected to Occupy a Major Share

  • North America has a high concentration of the growing IoT technology with trends, such as the Industrial Internet of Things and wearables, coupled with the growth of smart-cities . These are some of the primary factors responsible for the growth of LPWAN in the region.
  • Many developments toward the growth of smart-cities have been taking place in the region. These are expected to further increase the use of LPWAN in the region.
  • Google’s Sidewalk Lab and Waterfront Toronto have been involved in building a smart city at Quayside area in Canada. The competitive evaluations for the existing smart-city infrastructure are also leading to better implementation of the Internet of things. This factor is also expected to boost the growth of the LPWAN market in the region.
low power wan market

Competitive Landscape

The low power WAN market is moderately fragmented. With the increase in the IoT ecosystem, various technologies are also evolving, such as LPWAN, which drive the players to invest in the market. Moreover, the players are entering the market gradually with technological upgradation.  Some of the key players, include Cisco Systems Inc., Sigfox SA, AT&T Inc., Vodafone Group PLC, Semtech Corporation, Huawei Technologies Co. Ltd, and Ingenu Inc., among others.

  • May 2019 - Argon Consulting announced its collaboration with Guerlain on an innovative approach to accelerating supply flows, based on Sigfox IoT technology and international 0G network. Guerlain, a leader in Perfumes and Cosmetics, is the first company to ever use this approach, in this case on a strategic supply-flow of packaging components for care products.
  • May 2018 – Invoxia, a French innovation company, in collaboration with a community website called, Wamiz, developed a new wearable that runs on LPWAN technology. The wearable is used to track the location of pets. The device is named as Pet Tracker, which has been made available for preorder on the website.  

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Need of Long Range Connectivity Between Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Privacy and Security Concerns

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 LoRaWAN

      2. 5.1.2 NB-IoT

      3. 5.1.3 LTE-M

      4. 5.1.4 Other Types (Sigfox, Weightless, etc.)

    2. 5.2 By Service

      1. 5.2.1 Professional Service

      2. 5.2.2 Managed Service

    3. 5.3 By End-user

      1. 5.3.1 Oil and Gas

      2. 5.3.2 Consumer Electronics

      3. 5.3.3 Healthcare

      4. 5.3.4 Industrial Manufacturing

      5. 5.3.5 Logistics and Travelling

      6. 5.3.6 Other End-users

    4. 5.4 By Application

      1. 5.4.1 Smart Cities

      2. 5.4.2 Smart Homes/Buildings

      3. 5.4.3 Smart Agriculture

      4. 5.4.4 Other Applications

    5. 5.5 Geography

      1. 5.5.1 North America

      2. 5.5.2 Europe

      3. 5.5.3 Asia-Pacific

      4. 5.5.4 Latin America

      5. 5.5.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Semtech Corporation

      2. 6.1.2 Sigfox SA

      3. 6.1.3 Huawei Technologies Co. Ltd

      4. 6.1.4 Ingenu Inc.

      5. 6.1.5 Cisco Systems Inc.

      6. 6.1.6 AT&T Inc.

      7. 6.1.7 Vodafone Group PLC

      8. 6.1.8 Loriot AG

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Low-Power WAN Market market is studied from 2018 - 2026.

The Low-Power WAN Market is growing at a CAGR of 84.53% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Sigfox SA, Cisco Systems Inc., AT&T Inc., Vodafone Group Plc., Ingenu Inc. are the major companies operating in Low-Power WAN Market.

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