The Global Low Power WAN Market forecast report provides strategically important competitor information, analysis, and insights to formulate effective RandD strategies. The report also reviews key companies involved in Low Power WAN and enlists all their major and minor projects.
Global “Low Power WAN Market” (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. Low Power WAN Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.
The low power WAN Market was valued at USD 3.43 billion in 2018, and is expected to reach a value of USD 135.10 billion by 2027 at a CAGR of 84.53%, over the forecast period 2021-2027. The need for enhancement over 4G technology in terms of low cost, network capacity, network efficiency, and end-to-end delay is projected to ascend the usage of LPWAN.
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Company Coverage: –
– Semtech Corporation
– Sigfox SA
– Huawei Technologies Co. Ltd.
– Ingenu Inc.
– Cisco Systems Inc.
– ATandT Inc.
– Vodafone Group Plc.
– LORIOT AG
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Market Players Competitor Analysis:
– The rapid growth in the investment of smart cities is likely to foster market 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 bytes per day.
– Major Application of LPWAN includes fleet management, good tracking, smart metering, smart grid management, home automation, waste management, process monitoring and control, climate monitoring, among others.
– Few challenges to this technology which may hamper the overall adoption and market are future coverage and scalability, technology coexistence, real-time communication. Also, the security of the network is 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 which enables long-range communication at a low bit rate. LPWAN overcomes the technology choice for constructing IoT networks across the globe. 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.
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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 future and existing use cases of Low Powered WAN.
– The need for enhancement over 4G technology in terms of low cost, network capacity, network efficiency, and end-to-end delay is projected to ascend the usage of LWPAN; thus having a positive impact on the market growth.
– Diverse organizations are raising funds and increasing investment towards 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 over the next six years.
– Notably, the rapid growth in the investment of smart cities is likely to foster the market growth. For instance, in October 2018, National Science Foundation (NSF) announced an investment in connected and smart city programs worth USD 22.6 million.
– Interestingly, Saudi Arabia and UAE is expected to lead towards the investment in smart city projects owing to favorable governments. As a result, it creates an immense opportunity for the companies to invest in these countries which will not only boost the market growth but help in garnering higher market share.
North America Expected to Occupy a Major Share
– North America has a high concentration of growing IoT technology with trends such as Industrial Internet of Things and wearables, coupled with the growth of smart cities are some of the primary factors responsible for the growth of LPWAN networks in the region.
– Many developments towards the growth of smart cities have been happening in the region which is 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. Competitive evaluations for the existing smart city infrastructure are also leading to better implementation of the Internet of things and would boost the LPWAN market in the region.
Competitive Landscape
The low power WAN market is moderately fragmented. With the increase in the IoT ecosystem, technologies are also evolving such as LPWAN which drives player into the market. Moreover, players are entering the market gradually with technology upgradation. Some of the key players include Cisco Systems, Inc., Sigfox SA, ATandT Inc., Vodafone Group Plc., Semtech Corporation, Huawei Technologies Co. Ltd., Ingenu Inc., among others.
– May 2021 – 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 which runs on LPWAN technology, used to track the location of Pets. The device is named as Pet Tracker which has been made available for preorder in the website.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Need of Long Range Connectivity Between Devices
4.3 Market Restraints
4.3.1 Privacy and Security Concerns
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 LoRaWAN
5.1.2 NB-IoT
5.1.3 LTE-M
5.1.4 Other Types (Sigfox, Weightless etc)
5.2 By Service
5.2.1 Professional Service
5.2.2 Managed Service
5.3 By End User
5.3.1 Oil and Gas
5.3.2 Consumer Electronics
5.3.3 Healthcare
5.3.4 Industrial Manufacturing
5.3.5 Logistics and Travelling
5.3.6 Other End Users
5.4 By Application
5.4.1 Smart Cities
5.4.2 Smart Homes/Buildings
5.4.3 Smart Agriculture
5.4.4 Other Applications
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Semtech Corporation
6.1.2 Sigfox SA
6.1.3 Huawei Technologies Co. Ltd.
6.1.4 Ingenu Inc.
6.1.5 Cisco Systems Inc.
6.1.6 ATandT Inc.
6.1.7 Vodafone Group Plc.
6.1.8 LORIOT AG
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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To view the original version on The Express Wire visit Low Power WAN Market Outlook 2022 With Top Players, Size, Share, CAGR of 84.53%, Growth, Technical Industry Vision Throughout the World till 2027
