LoRaWAN Module Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 4.5 Billion by 2033, growing at a CAGR of 16.5% from 2026 to 2033.
The LoRaWAN module market was valued at USD 4.1 billion in 2022 and is projected to reach USD 12.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.8% during the forecast period from 2023 to 2030. The growth in the market is driven by the increasing demand for IoT applications and the rising adoption of low power wide area network (LPWAN) technology across various sectors. The market is experiencing significant growth in both developed and developing regions, with strong investments in smart city solutions, industrial IoT, and agriculture automation. Additionally, the growing number of connected devices in industries such as manufacturing, logistics, and healthcare is propelling the market forward, creating lucrative opportunities for key stakeholders in the LoRaWAN module ecosystem.
Regionally, the Asia Pacific region accounted for the largest market share in 2022, contributing over 40% of the total market revenue. This growth is attributed to the rapid adoption of IoT solutions, government initiatives promoting smart city projects, and the regions strong manufacturing base. North America is expected to experience a steady growth rate with a significant increase in the adoption of LoRaWAN modules in the energy, agriculture, and transportation sectors. Europe is also witnessing growth due to the rising demand for IoT based applications and favorable regulatory policies. The Middle East & Africa and Latin America are expected to show significant growth due to increasing investments in smart infrastructure and agricultural innovations, making them key regions for future market opportunities.
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STMicroelectronics
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Microchip Technology
Nemeus
Onethinx
Nordic Automation Systems
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Maxim Integrated
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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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global LoRaWAN Module Market
Smart Agriculture
Smart Cities
Asset Tracking
Industrial Automation
Environment Monitoring
Hardware
Software
Logistics and Transportation
Healthcare
Agriculture
Utilities
Manufacturing
Public Network
Private Network
Standalone Modules
Integrated Modules
Gateway Devices
US (United States, US 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)
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1. Introduction of the Global LoRaWAN Module 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 LoRaWAN Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global LoRaWAN Module Market, By Type
6. Global LoRaWAN Module Market, By Application
7. Global LoRaWAN Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global LoRaWAN Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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