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LoRaWAN Market

ID: MRFR/ICT/63991-CR
100 Pages
Aarti Dhapte
December 2025

LoRaWAN Market Research Report Information By Component (Hardware, Software, Services), By Deployment Type (Private Networks, Public Networks, Hybrid Networks), By Application(Smart Metering, Asset Tracking & Management, Environmental Monitoring, Predictive Maintenance, Smart Buildings & Homes, Security & Surveillance, Fleet Management, Industrial Monitoring, Cold chain monitoring, Warehouse management, Others), By End User Vertical (Agriculture, Smart Cities, Healthcare, Industrial IoT (IIoT), Transportation & Logistics, ... read more

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LoRaWAN Market Summary

As per Market Research Future analysis, the LoRaWAN Market Size was estimated at 12.63 Billion in 2024.  The LoRaWAN industry is projected to grow from USD 14.38 Billion in 2025 to USD 48.62 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 12.9% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

In the LoRaWAN Market, Asia-Pacific held the largest market share valued at 18.23 USD Billion in 2024.

  • LoRaWAN Market in Europe is expected to be valued at 15.47 USD Billion by 2035
  • Private Networks segment was valued at 5.89 USD Billion in 2024.
  • The market value for Hardware is projected to reach 26.57 USD Billion by 2035.
  • Increasing Demand For Low-Power Wide-Area Networks (Lpwan) is a major market driver.

Market Size & Forecast

2024 Market Size USD 12.63 Billion
2035 Market Size USD 48.62 Billion
CAGR 2025 to 2035 12.9%

Major Players

LoRaWAN Market key players include Semtech, Microchip Technology, MultiTech, Murata Manufacturing Co., Ltd., Ebyte Electronic Technology Co., Ltd., STMicroelectronics N.V., HOPERF, Laird Connectivity (Ezurio), Ver Facil Ltd, And ELSYS

LoRaWAN Market Trends

Growth In Smart Agriculture Solutions

The growth in smart agriculture solutions presents a major opportunity for the LoRaWAN market, as farmers increasingly adopt IoT technologies to improve productivity, resource management, and sustainability. LoRaWAN is particularly well-suited for agricultural applications due to its ability to cover large, remote areas with minimal power consumption and infrastructure. For example is the deployment of LoRaWAN-based systems by VineView, a precision agriculture company in California, which uses sensors to monitor vineyard conditions such as soil moisture, temperature, and disease risk.

These sensors transmit data over LoRaWAN to a central platform, enabling farmers to make informed decisions about irrigation, fertilization, and pest control. The long battery life and wide coverage of LoRaWAN make it ideal for monitoring vast farmlands without the need for cellular connectivity or frequent maintenance. As climate change and global food demand push agriculture toward more data-driven and efficient practices, the adoption of smart farming solutions is accelerating—creating a strong growth opportunity for LoRaWAN technologies globally.

Emergence Of Smart Wearables And Health Monitoring Devices

The emergence of smart wearables and health monitoring devices is creating a significant opportunity for the LoRaWAN market, especially in remote healthcare and elderly care applications. These devices often require long battery life, secure data transmission, and connectivity in areas where traditional networks may not be available or reliable. LoRaWAN’s low power consumption and wide coverage make it a strong candidate for such use cases. For instance, the deployment of LoRaWAN-enabled health monitoring devices in elderly care homes in the Netherlands, where patients wear sensors that track vital signs like heart rate, body temperature, and movement.

These devices transmit data through LoRaWAN to healthcare providers, allowing for continuous, non-intrusive monitoring without relying on Wi-Fi or cellular networks. This setup ensures better patient safety, early detection of health issues, and reduced hospital visits. As the global demand for remote healthcare solutions grows particularly in aging populations LoRaWAN stands to benefit by enabling scalable and energy-efficient connectivity for wearable medical devices, opening up new market opportunities.

Expansion Of Connected Logistics And Supply Chain Management

The expansion of connected logistics and supply chain management is a key opportunity for the LoRaWAN market, as companies seek more efficient, real-time visibility across their operations. LoRaWAN is ideal for asset tracking, inventory monitoring, and environmental sensing due to its low power usage, long-range capabilities, and low operating costs. For example the use of LoRaWAN by Deutsche Post DHL Group for tracking roll cages and containers in their distribution centers across Europe. These assets are equipped with LoRaWAN-enabled trackers that report their location, movement, and temperature conditions at regular intervals.

This helps the company reduce losses, optimize routing, and ensure proper handling of sensitive goods. Because LoRaWAN can function indoors and outdoors with minimal infrastructure, it's well-suited for large warehouses, shipping yards, and cross-border logistics. As global trade grows and companies prioritize supply chain transparency and automation, the demand for scalable, cost-effective connectivity like LoRaWAN is expected to rise driving further market growth.

LoRaWAN Market Drivers

growing Iot Adoption

The growth of the LoRaWAN market is driven by the increasing adoption of Internet of Things (IoT) technologies across various industries. As more devices require constant connectivity to share data, especially in remote or large-scale outdoor environments, LoRaWAN stands out due to its long-range, low-power, and cost-effective communication capabilities. For example in smart agriculture in rural India, where farmers are using IoT devices like soil moisture sensors and temperature monitors to optimize irrigation and improve crop yields A cooperative of farmers in Maharashtra deployed LoRaWAN soil moisture sensors connected to automated drip irrigation systems.

The result was a 30% reduction in water usage and a 20% increase in crop yield, demonstrating the technology’s impact on resource efficiency and Farmers in Punjab used LoRaWAN-enabled pest detection sensors to monitor environmental conditions favorable to locust outbreaks. Early warnings allowed timely pesticide application, saving large tracts of crops from damage. Since many farming regions lack stable internet or cellular coverage, LoRaWAN enables these sensors to transmit data over long distances often up to 15 kilometers while consuming very little power. This allows sensors to operate on batteries for years, significantly lowering maintenance costs. The data collected helps farmers make informed decisions, leading to higher productivity and resource efficiency.

The IoT has been ever-expanding. The number of IoT devices has officially exceeded the number of non-IoT devices worldwide. From 6.1B IoT devices in 2017 to an estimated 16.4B in 2022, making up a staggering 61,9% of total devices globally. Within all global IoT connections, LPWAN devices are expected to grow by 109% until 2023, reaching more than 1B active connections and according to IoT Analytics, the number of global IoT connections reached approximately 16.7 billion in 2023, marking a 16% year-over-year increase.

29 billion connected devices by 2027, highlighting the accelerating demand for low-power, wide-area network (LPWAN) solutions like LoRaWAN. Technology’s ability to provide long-range, low-cost, and energy-efficient communication makes it an ideal choice for supporting scalable IoT deployments, especially in remote or infrastructure-light environments. As such applications scale, the demand for LoRaWAN-enabled devices, gateways, and platforms is rapidly increasing, fueling the growth of the overall LoRaWAN market.

Government Initiatives And Investments In Smart Cities

The LoRaWAN market is being driven by government initiatives and investments in smart city development around the world. As cities aim to become more efficient, sustainable, and data-driven, governments are funding projects that rely on IoT technologies for managing urban infrastructure. LoRaWAN plays a crucial role in this transformation due to its ability to connect thousands of low-power devices over wide areas. For instance, the Smart City mission in India, where cities like Pune and Bhopal have implemented LoRaWAN-based solutions for streetlight automation, smart parking, waste management, and air quality monitoring.

For instance, The Things Industries and Connexin have worked together to create a hybrid network model in Severn Trent, UK, to connect 150,000 water meters that provides data and just-in-time leak detection. Milesight is monitoring air quality in Quebec schools, with nearly 50,000 sensors transmitting 2,600 gateways, adding up to more than 7 million messages daily. 360,000 homes in Yorkshire in the UK will have smart water meters using LoRaWAN deployed by Netmore and Connexin. In September 2020, Italy’s government passed the “Decreto Semplificazioni” to remove temporary licensing for LoRaWAN and allow permanent LPWAN deployments across the country. This regulatory shift removed uncertainty and enabled large-scale investments in IoT applications—especially in energy, water and smart city systems—opening the door to billions in infrastructure investment.

Municipal utility Kauno energija is deploying TEKTELIC LoRaWAN gateways to unify city infrastructure in Kaunas, including water, heating, waste, parking, air quality, and street lighting. This smart city transformation enabled real-time monitoring and operational efficiency improvements across urban services. In Valencia, the city partnered with local government and NGOs to deploy 130+ LoRaWAN-connected air quality sensors in public and energy-poverty impacted residences, using real-time data to support environmental justice interventions. As part of the EU-funded SmartSantander project, the city hosts a large-scale IoT testbed integrating LoRaWAN sensors across urban environments supporting experimentation in smart city and future internet research

Similarly, smart streetlights using LoRaWAN automatically adjust brightness based on movement and time of day, cutting energy costs significantly. These initiatives are often backed by government funding and policy support, which encourages large-scale deployments and drives demand for LoRaWAN infrastructure and services. As more cities globally adopt smart city strategies, LoRaWAN continues to gain traction as a preferred connectivity solution, propelling the market.

Increasing Demand For Low-Power Wide-Area Networks (Lpwan)

The LoRaWAN market is being significantly driven by the increasing demand for Low-Power Wide-Area Networks (LPWAN), particularly in industries that require long-range communication with minimal power consumption. LPWAN technologies like LoRaWAN are ideal for connecting large numbers of battery-powered IoT devices over wide geographical areas, especially where traditional cellular networks are either too expensive or power-intensive. For example, DLMS (Device Language Message Specification) is an ISO/IEC-recognized standard registered in the series IEC 61056 for smart electricity metering.

DLMS is specified by the DLMS User Association, an international and non-profit organization, which has a mandate from IEC to specify, maintain and propose unique certification which encourages utilities and meter manufacturers to develop and support the same interoperability of meters independently of the communication media smart metering use for utilities, such as water and gas supply companies in Europe.

These companies are deploying LoRaWAN-enabled smart meters across cities and rural towns to remotely monitor usage data. Traditional metering required manual readings, which was labor-intensive and inefficient. With LoRaWAN, meters can send usage updates at scheduled intervals using very little power, allowing them to run on batteries for up to 10 years. This reduces operational costs, improves billing accuracy, and enables real-time leak detection. As more utility companies prioritize automation and sustainability, the demand for reliable and energy-efficient LPWAN solutions like LoRaWAN continues to grow, directly boosting the market.

Market Segment Insights

By component: Hardware (12.4% share in 2024) And Services

Based on component, the LoRaWAN Market has been segmented into hardware, software and services. LoRaWAN hardware encompasses the devices needed to build a LoRaWAN network, including end-nodes (sensors, actuators), gateways, and network servers. LoRaWAN enables long-range, low-power communication for Internet of Things (IoT) applications. These are the devices that collect data (e.g., sensors for temperature, humidity, soil moisture) or perform actions (e.g., controlling actuators). Hardware is the foundational layer of any LoRaWAN system. It includes physical devices such as sensors, actuators, embedded LoRa modules, gateways, and antennas. End devices like sensors are responsible for collecting data from the environment, such as temperature, motion, humidity, or gas levels. These devices transmit data using LoRa modulation to gateways, which act as bridges between the devices and the central network. Gateways receive the data and forward it to the network server through IP-based connections like Ethernet, Wi-Fi, or cellular networks. The use of low-power hardware components is one of the key advantages of LoRaWAN, enabling long-range communication and extended battery life for devices operating in remote or hard-to-reach areas. 

 Hardware segment continues to dominate the storage type preferences over the forecast period (2025-2035)

Services are essential to the successful deployment and operation of LoRaWAN solutions. These include professional services such as consulting, planning, and network design, which help organizations assess their requirements and build tailored LoRaWAN architectures. System integration services ensure that LoRaWAN devices and platforms work seamlessly with existing IT and operational systems. Deployment services involve the physical installation, configuration, and testing of devices and gateways. Post-deployment, managed services provide continuous monitoring, firmware updates, performance optimization, and technical support. Training and user support services also help clients operate and maintain the system effectively, ensuring long-term value and reliability.

By deployment type: Private Networks (12.6% share in 2024), Public Networks (Fastest Growing)

Based on deployment type, the LoRaWAN Market has been segmented into private networks, public networks and hybrid networks.A LoRaWAN private network is a network deployed locally, generally on a specific site (such as a company or municipality). It requires the installation of a dedicated infrastructure (including gateways and servers) belonging to the project owner. For the private network, the user can manage its own fleet of IoT sensors and network infrastructure. Even though France and European countries usually provide a good-quality public network, many companies working with the building's IT infrastructure favor private networks. In a private network, the company can connect its internal system to the network with no need for using the Internet. Users go through the following stages for private networks:

           Purchase one or more gates as necessary.

           Place them on the site.

           List the sensors inside the gateways.

           Establish the connections between the data processing platform and the gateways.

           Turn the sensors on.

Private network enables a firm to connect its systems to the network without using the Web, as well as reduced acquisition costs because there is no need for a company to pay an operator's subscription fee. In this case, the corporation will have to set up the complete network infrastructure, but if more devices are connected, there may be opportunities for economies of scale. Indoor use cases for LoRaWAN can benefit from private networks, including campuses, factories, and buildings.  

A public or operated LoRaWAN network is deployed and managed by telecom operators. The infrastructure is shared between users. This type of network offers vast geographical coverage for a large number of sensors. With public networks, users tie into an existing telecommunication operator’s infrastructure, which consists of antennas. The benefit of a public network is national coverage since the infrastructure is already put in place by the network. Because of this, tying into the infrastructure, which the operator will also manage, is a relatively simple process. The user experience on a public network looks like this:

           Purchase of subscription,

           Declare the sensors on the operator platform,

           Activate the sensors,

           Obtain the data from the operator platform and either transfer it to a data processing platform.

The LoRaWAN network infrastructure enables data interchange between linked devices over vast distances of up to many kilometers. Although connected equipment may transmit a message to a terminal around 1 km away in an urban environment with many obstacles, this distance can be up to 20 km in rural areas.

By Application: Smart Metering vs. Smart Buildings & Homes Fastest-Growing

Based on application, the LoRaWAN Market has been segmented into smart metering, asset tracking & management, environmental monitoring, predictive maintenance, smart buildings & homes, security & surveillance, fleet management, smart cities, industrial monitoring, cold chain monitoring, warehouse management and others.

LoRaWAN is widely used in smart metering for utilities such as water, gas, and electricity. Its long-range and low-power capabilities make it ideal for transmitting meter readings from remote or underground locations to centralized systems. This enables accurate, real-time consumption tracking, reduces manual reading costs, and helps utility providers detect leaks, outages, or tampering more efficiently. For instance, LoRaWAN has a large ecosystem of developers, suppliers, and providers, with 148 LoRaWAN networks currently operating in 162 countries. Along with advanced grid infrastructure, this presents utility companies with range of applications and device manufacturers. LoRaWAN offers an exceptionally long communication range, measured in miles. This allows meters to be connected even in remote areas, ensuring widespread coverage. LoRaWAN offers a cost-effective solution for smart metering, making it an attractive option for utilities. This technology allows for simultaneous management of diverse data, reducing computing and network costs. Moreover, LoRaWAN supports firmware updates over the air (FOTA), ensuring long-term cost savings.

Despite of these Advantages, LoRaWAN has some limitations. One of its main disadvantages is the limited bandwidth. The technology operates in the unlicensed frequency spectrum, which means the bandwidth is limited and shared with other devices. This can lead to congestion, particularly in densely populated areas with a high number of IoT devices. Another disadvantage is the limited range. LoRaWAN has a range of up to 15 kilometres in rural areas with a clear line of sight, but in urban environments and with obstacles, such as buildings, the range can be significantly reduced.

Smart Buildings & Homes is the fast growing segment

In smart buildings and homes, LoRaWAN enables applications such as lighting control, HVAC management, occupancy detection, energy optimization, and smart door/window sensors. Its low power needs and ease of integration make it a cost-effective solution for enhancing comfort, efficiency, and security in residential and commercial properties.

LoRa devices and the LoRaWAN protocol offer reliable, long-range wireless connectivity that operates on unlicensed radio frequency bands. This connectivity makes it easy to deploy cost-effective sensors throughout a building to capture data on air quality, temperature, occupancy and lighting conditions, which is then analyzed to improve energy use and occupant comfort.

LoRa-based networks are scalable, allowing integration across public, private or hybrid LoRaWAN networks, indoors or outdoors. LoRa technology seamlessly coexists with other wireless technologies such as Bluetooth, Wi-Fi and Cellular, ensuring flexible and scalable smart building networks. As building systems evolve, this flexibility is essential to future-proof IoT infrastructure, supporting the addition of new devices and services as needs change.

Key Benefits of LoRaWAN-Enabled Smart Building Solutions

           Smart buildings enabled by LoRa technology provide numerous benefits for both facility managers and occupants.

           By adjusting lighting, HVAC and other systems based on real-time data, smart buildings can significantly reduce energy costs and contribute to sustainability goals.

           IoT-enabled access controls and surveillance systems improve security by allowing real-time monitoring and remote access management.

           IoT sensors detect potential equipment failures, enabling predictive maintenance that reduces downtime and extends the life of building assets.

           Environmental sensors monitor air quality, humidity, vibration, lighting, and temperature, enhancing comfort and overall satisfaction for occupants.

           Data analytics empower facility managers to make informed decisions regarding energy use, space utilization and system performance. 

By End User Vertical: Industrial IoT (IIoT) (11.8% share in 2024) And Energy Utility Industry

Based on end user vertical, the LoRaWAN Market has been segmented into agriculture, smart cities, healthcare, industrial IoT (IIoT), transportation & logistics, water utility industry, gas utility industry, energy utility industry, retail and others.

LoRaWAN is used extensively in industrial environments for predictive maintenance, equipment monitoring, environmental control, and worker safety. It connects sensors and machines across large industrial facilities, enabling real-time data collection without the need for complex wiring, thus reducing downtime and maintenance costs. LoRaWAN offers an economical alternative to traditional cellular networks, especially in remote or hard-to-reach industrial areas. It operates on unlicensed radio spectrum, eliminating licensing fees and reducing operational costs. The infrastructure is minimal just a few strategically placed gateways can cover a vast area, significantly lowering deployment and maintenance expenses. This affordability makes it an attractive option for industries aiming to digitize operations without incurring high connectivity costs, particularly in large-scale outdoor or rural environments.

LoRaWAN’s exceptional long-range capabilities make it ideal for industrial environments where standard wireless technologies fall short. It can transmit signals across several kilometers, even penetrating through thick walls, underground levels, and dense structures. This makes it highly suitable for sectors like mining, oil and gas, and manufacturing, where seamless connectivity in remote or obstructed areas is essential. The ability to maintain strong, reliable connections ensures uninterrupted monitoring and data flow, even in the most challenging industrial settings.

LoRaWAN devices are engineered for ultra-low power consumption, allowing them to function for up to 10 years on a single battery. This feature is especially valuable in industrial IoT deployments where devices are scattered over large areas or located in hard-to-access spots. Long battery life reduces the need for frequent replacements or maintenance, saving both time and labor costs. It ensures long-term operation and reliability, making LoRaWAN ideal for monitoring assets that require minimal human intervention.

LoRaWAN supports continuous, low-latency data transmission from various sensors, enabling real-time monitoring of equipment, environmental parameters, and system performance. This capability enhances predictive maintenance, reduces downtime, and improves overall operational efficiency. Data collected can be analyzed instantly to detect anomalies, trigger alerts, or automate responses. Whether it’s monitoring temperature, pressure, vibration, or location, real-time insights empower industries to make faster, more informed decisions, boosting productivity and safety across operations.

LoRaWAN networks are inherently scalable and highly adaptable to the dynamic needs of industrial environments. As operations expand or change, additional devices and gateways can be integrated seamlessly without overhauling existing infrastructure. This flexibility allows businesses to start small and grow their IoT deployments as required, supporting thousands of connected sensors. Whether for a local facility or a globally distributed network, LoRaWAN ensures consistent performance, easy management, and room to grow with evolving technological demands.

LoRaWAN is widely used in smart metering for water, gas, and electricity. Utilities can remotely monitor consumption, detect leaks, and manage resources more efficiently, reducing operational costs and improving service delivery.

 Smart Metering: One of the most prominent applications of LoRaWAN in the energy sector is smart metering for electricity, gas, and water. LoRaWAN enables the remote reading of meters, providing utilities with real-time consumption data. This helps in accurate billing, reducing manual meter reading costs, and improving customer service by providing usage insights.

 Grid Monitoring and Management: LoRaWAN is used to monitor the condition of power grids, including transformers, substations, and power lines. Sensors can detect anomalies such as voltage fluctuations, equipment failures, and power outages. This enables utilities to respond quickly to issues, reducing downtime and improving the reliability of the power supply.

 Energy Management in Buildings: In commercial and residential buildings, LoRaWAN is used to monitor energy consumption, temperature, and occupancy. This data allows building managers to optimize energy use, reduce costs, and improve the comfort and safety of occupants.

 Renewable Energy Monitoring: LoRaWAN is used to monitor the performance of renewable energy installations, such as solar panels and wind turbines. Sensors provide real-time data on energy production, equipment health, and environmental conditions, enabling efficient management of renewable energy resources.

Street Lighting Control: LoRaWAN enables the remote monitoring and control of street lighting systems. By adjusting lighting based on real-time data, such as traffic conditions and weather, cities can reduce energy consumption, extend the life of lighting fixtures, and improve public safety.

Get more detailed insights about LoRaWAN Market

Regional Insights

North America: Increasing awareness around energy efficiency, monitoring projects providing remote access, and goals towards sustainability, in urban and rural applications

The North America LoRaWAN market is experiencing robust growth, and smart technology adoption, smart and low-power, wide-area network (LPWAN) solutions are on the rise in the region's sophisticated IoT ecosystem. The US and Canada are leading the North America LoRaWAN market, supported by early adoption in application areas such as smart metering, precision agriculture, industrial automation, asset tracking, and smart cities. Key enablers include a well-established infrastructure for wireless communication, supportive regulatory policies, private and public sector capitalization to augment digital transformation initiatives, and well-known LoRaWAN ecosystem players in the region ranging from chip manufacturers , gateway providers , network operators, and system integrators.

Technology trends support and encourage scalable and reliable deployments, with existing demand for LoRaWAN network denser development, edge computing integration, improved availability, and capabilities in security protocols. In addition, collaborative projects and programs offered by public-private partnerships and open networks from providers, such as The Things Network and Senet are driving new use cases for LoRaWAN. Increasing awareness in the region around energy efficiency, monitoring projects providing remote access, and goals towards sustainability are complementary, adding further support for LoRaWAN in urban and rural applications.

North America held the majority regional market share in 2024


Europe: Regulatory alignment, cross-border interoperability, and support for open standards-based IoT architectures

The LoRaWAN market in Europe is exhibiting significant momentum, underpinned by excellent regulatory alignment, cross-border interoperability, and overall support for open standards-based IoT architectures. In addition, there has been early adoption in sectors such as smart utilities, precision agriculture, environmental monitoring, and public utilities. These sectors will reap the benefits of EU-wide, national digital transformation, and sustainability policies. The largest implementations of LoRaWAN are being led by France, Germany, the Netherlands, and the UK, with both national telecom providers and public-private cooperation. They are supported by European initiatives, such as the European IoT Alliance and the LoRa Alliance, to create an open innovation ecosystem and drive standardization. The availability of the 868 MHz non-licensed ISM band is supported in most of Europe, allowing simple and cost-effective LPWAN deployments.

In addition, Europe's strong focus on data privacy, security (i.e.: GDPR compliance), and network reliability has enabled the construction of secure-by-design LoRaWAN systems. Community networks along with roaming between service providers are further enhancing coverage and mobility. Even with competition from other types of LPWAN technology such as NB-IoT (i.e.: cellular) or Sigfox, LoRaWAN's flexibility, open architecture, and energy efficiency will propel it to be a primary enabler for Europe's long-term IoT strategies.

Asia-Pacific: Rapid urbanization, adoption of IoT-based applications, and significant government support for smart infrastructure

The Asia Pacific LoRaWAN market is witnessing accelerated growth, driven by rapid urbanization, the adoption of IoT-based applications continuing to grow, and significant government support for smart infrastructure, among other developments. Countries across the region are exploring ways to deploy LoRaWAN technology to satisfy various public and private sector applications in a range of industry categories, including agriculture, smart cities, utilities, logistics, and industrial automation. Major economies such as China, India, Japan, South Korea, and Australia are at the forefront of economic growth, and their respective LoRaWAN deployments show no signs of abating. Given the region's immense geographic and demographic diversity will always yield unique connectivity challenges, LoRaWAN's capability to connect many devices at low power and long ranges in dense urban areas or remote rural communities is particularly relevant.

The regulatory landscape around LoRaWAN deployment is quite broad across Asia Pacific countries, but there is some convergence around various sub-GHz, ISM band frequencies (some examples include 865-867 MHz in India, and 920-925 MHz in SE Asia) which supports easier adoption. Nationally and regionally, governments in the Asia Pacific are developing regulatory programs to enable IoT digital transformation (e.g., Digital India, China's New Infrastructure, Japan's Society 5.0) in conjunction with IoT policy networks that enable candidates for certain local IoT applications to link to LoRaWAN.

Furthermore, telecom operators are increasing their investments into IoT startups and public and private LoRaWAN network deployments, which means more funding for expanding public LoRaWAN networks coupled with increased diversity of applications. The prominence of leading hardware manufacturers and technology providers in the region will further drive innovation, as well as speed toward cost efficiencies for deployment of LoRaWAN-based devices. There are impediments to adoption from recent LPWAN deployment standards, such as regulatory fragmentation, problems with interoperability, and competition from other LPWA standards, including NB-IoT and Sigfox. Despite these hurdles, LoRaWAN is achieving increased adoption in ASEAN regions, with many opportunities ahead.

South American: Demand for low-power, low-cost IoT connectivity in sectors such as agriculture, utilities, environmental monitoring, and urban infrastructure.

The South America LoRaWAN market is gradually emerging due to the increasing demand for low-power, low-cost IoT connectivity in sectors such as agriculture, utilities, environmental monitoring, and urban infrastructure. Brazil, Argentina, Chile, and Colombia have taken the lead in regional adoption and are deploying LoRaWAN for applications such as smart metering, precision agriculture, flood monitoring, and waste management. Because of the area’s large geographical variety, LoRaWAN’s long-range and low-power properties offer the potential advantage of transmitting data across greater distances to remote rural populations. Brazil has seen active deployments in the sector from various stakeholders, including public, private, and national regulations, allowing unlicensed access to the 902-907.5 MHz and 915-928 MHz RF bands. Although overall network coverage and ecosystem maturity is still in the early stages of development for nearly all sectors, there remains limited availability for public LoRaWAN infrastructure outside major urban areas.

Nonetheless, telecom operators, IoT startups, and global alliances such as the LoRa Alliance are collaborating efforts with these deployments to develop the market ecosystem. Additionally, the model of decentralized and low-maintenance systems, as in LoRaWAN, fits well with the regional infrastructure challenges. As South American governments continue to emphasize digital transformation initiatives and smart city developments, demand for scalable and low-cost IoT connectivity solutions is expected to rise significantly within North, Central and South America and position LoRaWAN as a suitable and strategic technology.

Middle East & Africa: increasing demand for scalability and low-power IoT solutions.

The Middle East & Africa (MEA) region presents an expanding opportunity for the LoRaWAN market. It is driven by the increasing demand for scalability and low-power IoT solutions across urban infrastructure, agriculture, energy, and environmental monitoring. In the Middle East, countries such as the UAE, Saudi Arabia and Qatar are adopting LoRaWAN use in smart city frameworks as part of national digital transformation agendas e.g.: Saudi Vision 2030, UAE Smart City Strategy, which focus on efficient resource management, connected utilities and intelligent public services where LoRaWAN provides low cost wide area connectivity that consumes very little energy.

In Africa, the technology's unique ability to operate in remote areas with little infrastructure enables precision agriculture, water conservation and off-grid monitoring capabilities. Nevertheless, the deployment remains fragmented due to differences in regulations, geography, limited awareness and lack of assured widespread infrastructure. Regional telecom operators, IoT startups and global technology vendors take a leading role within initial deployments and ecosystem development.

In addition, spectrum including the 868 MHz and 915 MHz bands and the emergence of public and community-based LoRaWAN networks are further enabling incremental growth. As the MEA region continues to seek enhanced sustainability, connectivity and digitization LoRaWAN is positioned to accelerate and be a key enabler of resilient and smart cities.

Region

Share of Global Market (2024s est.)

Key Drivers

Outlook 2025–2035

North America

~Medium

Increasing awareness around energy efficiency, monitoring projects providing remote access, and goals towards sustainability, in urban and rural applications

Stable growth, strong in fleets

Europe

~Medium

Regulatory alignment, cross-border interoperability, and support for open standards-based IoT architectures

Mature, regulatory driven

Asia-Pacific

~Height

Rapid urbanization, adoption of IoT-based applications, and significant government support for smart infrastructure

Moderate CAGR

Middle East & Africa

~low

Demand for low-power, low-cost IoT connectivity in sectors such as agriculture, utilities, environmental monitoring, and urban infrastructure

Emerging growth, infrastructure-led

South America

~low

increasing demand for scalability and low-power IoT solutions

Potential Markets

 



Key Players and Competitive Insights

The Global AdBlue Market is moderately fragmented, with leading players including BASF SE, Yara International, Royal Dutch Shell Plc, Sinopec, TotalEnergies, and Cummins Filtration shaping industry direction. These companies dominate through extensive production networks, strategic partnerships, and retail distribution, ensuring wide accessibility of AdBlue across regions

 Schaeffler AG ,And DENSO shaping industry direction. These companies dominate through extensive production networks, strategic partnerships, and retail distribution, ensuring wide accessibility of LoRaWAN across regions.

Competition is intensifying as manufacturers adopt strategies such as eco-friendly urea sourcing, renewable ammonia integration, and expansion of localized production facilities. In addition to chemical producers, oil & gas majors and distributors (e.g., Brenntag AG, Air Liquide) play a critical role in bulk distribution and service station integration. This dual participation—from chemical suppliers to energy giants—creates a competitive but cooperative ecosystem where scale and reliability matter most.

Looking ahead, differentiation will rely less on price and more on innovation in delivery solutions, such as IoT-enabled bulk dispensing systems, as well as the ability to ensure supply chain security amid global urea market fluctuations.

Industry Developments

  • Semtech(2025): Semtech Corporation introduced the LR2021, the first chip in the LoRa Plus family. Incorporating a fourth-generation LoRa IP, the transceiver supports both terrestrial and SATCOM networks in the Sub-GHz, 2.4 GHz ISM bands and licensed S-band.
  • Murata Manufacturing Co., Ltd (2022):  Murata Manufacturing Co., Ltd. is pleased to announce that the acquisition of Resonant Inc. ,a leading company in RF filter design, was completed. Murata Manufacturing is an established global leader in the electronics industry. The company prides itself on having built trusted relationships with customers in the capacitor and communication technology markets. As a result, Murata has significant market share for multiple electronic components, such as SAW filters for communications, which represents a 50 percent global market share.
  • HOPERF(2021): HOPERF completed the acquisition of Wuxi Cmostek Microelectronics Co., Ltd., making it a wholly owned subsidiary. Both companies were part of the enterprise group controlled by Mr. Wu Yikang. The acquisition aimed to enhance group structure and improve management efficiency.
  • Laird Connectivity (Ezurio) (2022): Laird Connectivity announced it had acquired California-based Boundary Devices, a designer and manufacturer of System-on-Modules (SOMs) and Single Board Computers (SBCs).

Future Outlook

LoRaWAN Market Future Outlook

Between 2025 and 2035, the LoRaWAN Market will see sustained growth at 12.9% CAGR, Increasing Demand For Low-Power Wide-Area Networks (Lpwan), Growing adoption of electric and hybrid vehicles.

New opportunities lie in:

  • Emergence Of Smart Wearables And Health Monitoring Devices.

  • Expansion Of Connected Logistics And Supply Chain Management.

By 2035, LoRaWAN will remain an Growing adoption of electric and hybrid vehicles, Increasing demand for fuel-efficient vehicles.

Market Segmentation

LoRaWAN Market Regional Outlook

  • North America
  • Europe
  • South America
  • Asia Pacific
  • Middle East and Africa

LoRaWAN Market Component Outlook

  • Hardware
  • Software
  • Services

LoRaWAN Market Application Outlook

  • Smart Metering
  • Asset Tracking & Management
  • Environmental Monitoring
  • Predictive Maintenance
  • Smart Buildings & Homes
  • Security & Surveillance
  • Fleet Management
  • Industrial Monitoring
  • Cold chain monitoring
  • Warehouse management
  • Others

LoRaWAN Market Deployment Type Outlook

  • Private Networks
  • Public Networks
  • Hybrid Networks

LoRaWAN Market End User Vertical Outlook

  • Agriculture
  • Smart Cities
  • Healthcare
  • Industrial IoT (IIoT)
  • Transportation & Logistics
  • Water Utility Industry
  • Gas Utility Industry
  • Energy Utility Industry
  • Retail
  • Others

Report Scope

Report Attribute/Metric

Details

Market Size 2024

12.63(USD Billion)

Market Size 2025

 14.38(USD Billion)

Market Size 2035

48.62(USD Billion)

Compound Annual Growth Rate (CAGR)

12.9% (2025 - 2035)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Base Year

2024

Market Forecast Period

2025 - 2035

Historical Data

2019 - 2024

Market Forecast Units

USD Billion

Key Companies Profiled

Semtech, Microchip Technology, MultiTech, Murata Manufacturing Co., Ltd., Ebyte Electronic Technology Co., Ltd., , STMicroelectronics N.V. , HOPERF, Laird Connectivity (Ezurio), Ver Facil Ltd, And ELSYS

Segments Covered

 By Component, By Deployment Type, By Application, By End User Vertical, Regional

Key Market Opportunities

Growth In Smart Agriculture Solutions, Emergence Of Smart Wearables And Health Monitoring Devices, Expansion Of Connected Logistics And Supply Chain Management

Key Market Dynamics

Increasing Demand For Low-Power Wide-Area Networks (LPWAN), Government Initiatives And Investments In Smart Cities

Countries Covered

North America, Europe, Asia Pacific, South America, Middle East and Africa

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FAQs

What is the expected market size of the LoRaWAN Market in 2025?

The LoRaWAN Market is expected to be valued at 14.38 USD Billion in 2025.

What is the projected market size for the LoRaWAN Market by 2035?

By 2035, the LoRaWAN Market is projected to reach a value of 48.62 USD Billion.

What is the expected CAGR for the LoRaWAN Market from 2025 to 2035?

The expected CAGR for the LoRaWAN Market from 2025 to 2035 is 12.9%.

Which region is anticipated to have the highest market valuation for LoRaWAN in 2035?

Asia-Pacific is anticipated to have the highest market valuation at 18.23 USD Billion in 2035.

What is the market size for Hardware in the LoRaWAN Market in 2024?

The market size Hardware in 2024 is valued at 5.89 USD Billion.

What is the estimated market size for Private Networks in 2035?

The estimated market size for Private Networks in 2035 is 26.57 USD Billion.

Who are the major players in the LoRaWAN Market?

Semtech, Microchip Technology, MultiTech, Murata Manufacturing Co., Ltd., Ebyte Electronic Technology Co., Ltd., , STMicroelectronics N.V. , HOPERF, Laird Connectivity (Ezurio), Ver Facil Ltd, And ELSYS.

What are the implications of regional growth in the LoRaWAN Market?

Regional growth shows that North America is projected to reach a market size of 15.47 USD Billion by 2035.

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