Low Power Wide Area Network Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 28.6 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.
The Low Power Wide Area Network (LPWAN) market has shown significant growth, with a market size reaching approximately USD 4.6 billion in 2022. This robust expansion is driven by the increasing demand for IoT applications, smart cities, and connected devices requiring long-range connectivity with minimal power consumption. The market is anticipated to grow at a compound annual growth rate (CAGR) of 23.8% from 2023 to 2030, reflecting a strong upward trajectory in adoption across various sectors. The adoption of LPWAN technologies is expected to enhance connectivity solutions, especially in remote and underserved areas, further contributing to market growth.
Emerging opportunities within the LPWAN market are considerable, particularly as industries seek to deploy solutions that offer both cost-efficiency and scalability. Advances in technology and the proliferation of smart devices are driving the demand for LPWAN solutions that support a wide range of applications from agricultural monitoring to urban infrastructure management. As companies and governments invest in infrastructure to support these technologies, new market segments are expected to emerge, creating additional growth avenues for stakeholders. The expansion of LPWAN networks is poised to play a crucial role in the development of smart infrastructure and the Internet of Things (IoT), presenting significant opportunities for innovation and investment.
Get an In-Depth Research Analysis of the Global Low Power Wide Area Network Market Size And Forecast [2025-2032]
Semtech Corporation
Loriot
Nwave Technologies
Sigfox
Waviot
Actility
Ingenu
Link Labs
Weightless SIG
Senet
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Low Power Wide Area Network Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Low Power Wide Area Network Market
Agriculture
Smart Logistic and Transportation
Healthcare
Industrial Manufacturing
Oil and Gas
Consumer Electronics
Others
Based on Types the Market is categorized into Below types that held the largest Low Power Wide Area Network market share In 2023.
Public Sector
Private Sector
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Low Power Wide Area Network Market Research Analysis
1. Introduction of the Global Low Power Wide Area Network Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Low Power Wide Area Network Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Low Power Wide Area Network Market, By Type
6. Global Low Power Wide Area Network Market, By Application
7. Global Low Power Wide Area Network Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Low Power Wide Area Network Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/