Low Power Wide Area Network (LPWAN) Market - Industry Growth Analysis & Forecast By 2027

The low power wide area network (LPWAN) market is projected to experience tremendous growth owing to the favorable government initiative for smart city projects, growing demand for smart energy meters, and rising adoption of IoT devices in farming industry. LPWAN is a wireless wide area network technology interconnecting low-bandwidth, battery-operated devices with low bit rates over long distances.
Created for IoT and M2M (machine-to-machine) networks, low power wide area network works at a relatively lower cost with supreme power efficiency in comparison to traditional mobile networks. LPWAN can also support many connected devices over a larger area. The LPWAN based technology enables internet of things devices to function reliably up to ten years on a single battery charge.
The LPWAN (low power wide area network) market is segmented in terms of component, deployment model, application, end-use, and regional landscape.
Based on component, the LPWAN market is classified into service and platform. The service segment is further classified into managed and professional. Among these, managed services segment will witness a CAGR of around 70% owing to growing emphasis on outsourcing the management of IoT devices.
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With respect to application, the market for low power wide area network is categorized into livestock monitoring, smart waste management, precision agriculture, smart parking, smart buildings, asset tracking, smart gas and water metering, and others. In 2020, precision agriculture segment held over 10% market share and is slated to witness strong growth over the coming time period.
This growth is attributed to the growing adoption of IoT devices in farming industry. Low power wide area networks are well-matched wireless communication for precision agriculture in greenhouses. This because of their extremely low power consumption and long communication ranges. These networks precisely highlight the importance of error-free readings from sensors in a greenhouse coupled with the need for better analysis and data visualization.
In terms of end-use, the overall LPWAN market is bifurcated into government and public sector, consumer electronics, utilities, manufacturing, logistics and transportation, agriculture, healthcare, and others. Among these, utilities end-use segment will witness around 60% CAGR over the projected time period. This anticipated growth is ascribed to the growing demand for smart energy meters.
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From a regional frame of reference, low power wide area network market in Middle East & Africa is projected to witness 50% CAGR over the forecast time period. The growth in the MEA region is attributed to the supportive government initiative for smart city projects. Governments are in fact leveraging LPWAN and cellular wireless technologies to connect as well as enhance the infrastructure, convenience, efficiency and quality of life of people and visitors.
Table of Contents
Chapter 1. Methodology & Scope
	
1.1. Scope and definition	
		
1.1.1. Methodology & forecast parameters
	
	
	
1.2. Data Sources	
		
1.2.1. Secondary		
			
1.2.1.1. Paid sources
			
1.2.1.2. Public sources
		
		
		
1.2.2. Primary
	
	
Chapter 2. Executive Summary
	
2.1. LPWAN industry 360 degree synopsis, 2016 - 2027	
		
2.1.1. Business trends
		
2.1.2. Regional trends
		
2.1.3. Component trends		
			
2.1.3.1. Platform trends
			
2.1.3.2. Service trends
		
		
		
2.1.4. Deployment model trends
		
2.1.5. Application trends
		
2.1.6. End-use trends
	
	
Chapter 3. LPWAN Industry Insights
	
3.1. Introduction
	
3.2. Industry segmentation
	
3.3. Impact of COVID-19 outbreak	
		
3.3.1. Impact by region		
			
3.3.1.1. North America
			
3.3.1.2. Europe
			
3.3.1.3. Asia Pacific
			
3.3.1.4. Latin America
			
3.3.1.5. Middle East & Africa
		
		
		
3.3.2. Impact by value chain
		
3.3.3. Impact by competitive landscape
	
	
	
3.4. Comparison of LPWAN standards
	
3.5. LPWAN architecture
	
3.6. Industry ecosystem analysis
	
3.7. Technological evolution
	
3.8. Technology & innovation landscape	
		
3.8.1. Internet of Things (IoT)
		
3.8.2. Introduction of 5G
		
3.8.3. Hybrid chipsets
	
	
	
3.9. Regulatory landscape	
		
3.9.1. LPWA Standards
		
3.9.2. 3GPP Release
		
3.9.3. IEEE 802.15.14-2015 Standard for Low-Rate Wireless Networks
		
3.9.4. LoRaWAN R1.0 Open Standard
		
3.9.5. Short Range Devices Spectrum Regulations, EU
		
3.9.6. DASH7 Alliance ProtocolUse cases
	
	
	
3.10. Industry impact forces	
		
3.10.1. Growth drivers		
			
3.10.1.1. Support for both licensed and unlicensed spectrum
			
3.10.1.2. Increasing invest by telecom operators in NB-IoT and LTE-M
			
3.10.1.3. Initiatives by industry alliances for developing LPWAN standards
			
3.10.1.4. Growing demand for low-cost, long-range M2M communications
			
3.10.1.5. Increasing popularity of smart city applications
		
		
		
3.10.2. Industry pitfalls & challenges		
			
3.10.2.1. Early-stage standards
			
3.10.2.2. Network interference and co-existence issues
		
		
	
	
	
3.11. Porter's analysis
	
3.12. PESTEL analysis
	
3.13. Growth potential analysis