Growth Opportunities in Low-power Wide Area Networks

Growth Opportunities in Low-power Wide Area Networks

Integration of LPWAN Standards and Hybrid Terrestrial and Non-terrestrial Networks Boost Future Growth Potential

RELEASE DATE
13-Dec-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K983-01-00-00-00
SKU: IT_2023_417
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Description

The low-power wide area network (LPWAN) market is in a growth stage, with network operators collaborating to establish LPWAN standard convergence. While some LPWAN providers are arranging deals to combine LoRaWAN® with Sigfox in their connectivity offerings, others are integrating proprietary LPWAN with cellular LPWAN.

LPWAN providers are also innovating around satellites, creating solutions that give rise to new growth opportunities. LPWAN operators innovating with non-terrestrial networks (NTNs) are conducting tests and trials. The commercial launch of hybrid satellite and LPWAN connectivity solutions will impact the market, in particular for verticals such as oil and gas, fleet management, agriculture, and maritime.

The ecosystem is growing, and alliances are attracting an increased number of members. As of November 2023, Wi-SUN Alliance has approximately 350 member companies across North America; Latin America; Asia-Pacific; and Europe, the Middle East, and Africa (EMEA), including Texas Instruments (TI), WISeKey, QualityLogic, Atsign, and Renesas Electronics. The LoRa Alliance surpassed 500 members globally, with strategic partners joining the board of directors (i.e., Semtech, Cisco, AWS, Echostar Mobile, STMicroelectronics).

Fast growth in LPWAN product certification conducted by the alliances and the acceleration in LPWAN hardware manufacturing are influencing ecosystem evolution and increasing LPWAN offerings globally.

The market will grow steadily from 2023 to 2028. Frost & Sullivan expects LPWAN connected devices to reach 3.3 billion globally by 2028.

Key Issues Addressed

  • What is the present state of the LPWAN market globally?
  • What are the LPWAN market growth rates globally? How will they change during the forecast period?
  • What are the primary challenges that vendors addressing this market face? What are the drivers and restraints for market growth? 
  • What are the connection breakdowns by technology type (licensed/unlicensed)? Which is the fastest-growing?
  • What are the growth opportunities for market participants?

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Low-power Wide Area Network (LPWAN) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Definitions: LPWAN Concept

LPWAN Overview

Market Trends: LPWAN Standard Integration

Market Trends: Hybrid LPWAN Terrestrial and NTNs

Market Trends: Hybrid LPWAN Terrestrial and NTNs (continued)

Market Segmentation

Key Public Network Operators for LPWAN Licensed and Unlicensed Technologies

Questions This Study Will Answer

Growth Metrics

Growth Environment

Growth Drivers

Growth Restraints

Forecast Assumptions

Connections Forecast

Connections Forecast by Segment

Connections Forecast by Technology

Connections Forecast by Region

Most Relevant Applications Across Industries

Percent Connections by Industry Vertical

Forecast Analysis

Forecast Analysis by Segment

Forecast Analysis by Technology

Forecast Analysis by Region

Forecast Analysis by Industry Vertical

Competitive Environment

Ericsson (NB-IoT and LTE-M)

The mioty alliance

The LoRa Alliance®

Ingenu (RPMA®)

Wi-SUN®

UnaBiz

Growth Opportunity 1: LTE-M for Wearables, Healthcare, and Remote Monitoring

Growth Opportunity 1: LTE-M for Wearables, Healthcare, and Remote Monitoring (continued)

Growth Opportunity 2: NB-IoT and Satellite Connectivity for Agribusinesses

Growth Opportunity 2: NB-IoT and Satellite Connectivity for Agribusinesses (continued)

Growth Opportunity 3: LoRaWAN® and Other Proprietary LPWAN Technology for Smart Cities

Growth Opportunity 3: LoRaWAN® and Other Proprietary LPWAN Technology for Smart Cities (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

The low-power wide area network (LPWAN) market is in a growth stage, with network operators collaborating to establish LPWAN standard convergence. While some LPWAN providers are arranging deals to combine LoRaWAN with Sigfox in their connectivity offerings, others are integrating proprietary LPWAN with cellular LPWAN. LPWAN providers are also innovating around satellites, creating solutions that give rise to new growth opportunities. LPWAN operators innovating with non-terrestrial networks (NTNs) are conducting tests and trials. The commercial launch of hybrid satellite and LPWAN connectivity solutions will impact the market, in particular for verticals such as oil and gas, fleet management, agriculture, and maritime. The ecosystem is growing, and alliances are attracting an increased number of members. As of November 2023, Wi-SUN Alliance has approximately 350 member companies across North America; Latin America; Asia-Pacific; and Europe, the Middle East, and Africa (EMEA), including Texas Instruments (TI), WISeKey, QualityLogic, Atsign, and Renesas Electronics. The LoRa Alliance surpassed 500 members globally, with strategic partners joining the board of directors (i.e., Semtech, Cisco, AWS, Echostar Mobile, STMicroelectronics). Fast growth in LPWAN product certification conducted by the alliances and the acceleration in LPWAN hardware manufacturing are influencing ecosystem evolution and increasing LPWAN offerings globally. The market will grow steadily from 2023 to 2028. Frost & Sullivan expects LPWAN connected devices to reach 3.3 billion globally by 2028.--BEGIN PROMO--

Key Issues Addressed

  • What is the present state of the LPWAN market globally?
  • What are the LPWAN market growth rates globally? How will they change during the forecast period?
  • What are the primary challenges that vendors addressing this market face? What are the drivers and restraints for market growth? 
  • What are the connection breakdowns by technology type (licensed/unlicensed)? Which is the fastest-growing?
  • What are the growth opportunities for market participants?
More Information
Deliverable Type Market Research
Author Cecilia Perez
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 Low Power Wide Area Networks
Keyword 2 LPWAN
Keyword 3 LoRaWAN
Podcast No
WIP Number K983-01-00-00-00