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US LoRa LoRaWAN IoT Market

ID: MRFR/ICT/13479-HCR
100 Pages
Garvit Vyas
October 2025

US LoRa LoRaWAN IoT Market Research Report: By Offering (Hardware, Platform, Services), By Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture, Livestock Management, Smart Buildings, Smart Healthcare, Other Applications) and By End User (Retail, Manufacturing, Transportation, Logistics, Agriculture, Healthcare, Energy, Utilities, Government, Public Safety, Enterprise, Residential, Travel, Hospitality) - Forecast to 2035

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US LoRa LoRaWAN IoT Market Summary

As per MRFR analysis, the US LoRa LoRaWAN-IoT Market Size was estimated at 2750.0 USD Million in 2024. The US lora lorawan-iot market is projected to grow from 3213.38 USD Million in 2025 to 15250.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 16.85% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US LoRa LoRaWAN-IoT market is experiencing robust growth driven by technological advancements and increasing adoption across various sectors.

  • The largest segment in the US LoRa LoRaWAN-IoT market is the smart cities sector, which is witnessing increased adoption for enhanced urban management.
  • Agriculture emerges as the fastest-growing segment, fueled by advancements in agricultural technology and the need for efficient resource management.
  • There is a notable focus on security and data management, as organizations prioritize the protection of sensitive information in IoT applications.
  • Key market drivers include the growing demand for smart infrastructure and the rise in industrial automation, which are propelling market expansion.

Market Size & Forecast

2024 Market Size 2750.0 (USD Million)
2035 Market Size 15250.0 (USD Million)

Major Players

Semtech Corporation (US), Cisco Systems Inc (US), Kerlink (FR), Actility (FR), Loriot (CH), The Things Industries (NL), MultiTech Systems Inc (US), IMST GmbH (DE), Microchip Technology Inc (US)

US LoRa LoRaWAN IoT Market Trends

The lora lorawan-iot market is currently experiencing a notable evolution, driven by the increasing demand for efficient and scalable connectivity solutions across various sectors. This technology, characterized by its long-range capabilities and low power consumption, is becoming integral to applications such as smart cities, agriculture, and industrial automation. As organizations seek to enhance operational efficiency and reduce costs, the adoption of lora lorawan technology is likely to accelerate. Furthermore, the growing emphasis on sustainability and environmental monitoring is propelling investments in IoT solutions that leverage lora lorawan networks, suggesting a promising trajectory for the market. In addition, the regulatory landscape in the US is evolving to support the deployment of lora lorawan technology. Government initiatives aimed at promoting smart infrastructure and IoT innovation are likely to create a conducive environment for market growth. The collaboration between public and private sectors appears to be fostering advancements in lora lorawan applications, which may lead to increased interoperability and standardization. As the market matures, stakeholders are expected to focus on enhancing security measures and data management practices, ensuring that the lora lorawan-iot market remains resilient and responsive to emerging challenges.

Increased Adoption in Smart Cities

The lora lorawan-iot market is witnessing heightened interest from urban planners and local governments aiming to implement smart city initiatives. This technology facilitates efficient data collection and management, enabling better resource allocation and improved public services. As cities strive to enhance livability and sustainability, the integration of lora lorawan solutions is likely to become a cornerstone of urban development.

Expansion in Agriculture

Agricultural sectors are increasingly turning to lora lorawan technology to optimize farming practices. This approach allows for real-time monitoring of soil conditions, crop health, and weather patterns, which can lead to improved yields and reduced waste. The potential for precision agriculture through lora lorawan networks suggests a transformative impact on food production and resource management.

Focus on Security and Data Management

As the lora lorawan-iot market evolves, there is a growing emphasis on enhancing security protocols and data management strategies. Stakeholders are recognizing the importance of safeguarding sensitive information and ensuring compliance with regulations. This focus on security is likely to drive innovation in the development of robust solutions that address vulnerabilities and protect user data.

US LoRa LoRaWAN IoT Market Drivers

Rise in Industrial Automation

The lora lorawan-iot market is benefiting from the rise in industrial automation, as manufacturers seek to enhance operational efficiency and reduce costs. The integration of lora lorawan-iot solutions allows for real-time monitoring of equipment and processes, facilitating predictive maintenance and minimizing downtime. The industrial sector is projected to allocate approximately $15 billion towards IoT solutions by 2027, with lora lorawan-iot technologies playing a crucial role in this transformation. This trend suggests that the lora lorawan-iot market will continue to expand as businesses increasingly recognize the advantages of automated systems and data analytics.

Expansion of Smart Metering Solutions

The lora lorawan-iot market is witnessing expansion driven by the growing adoption of smart metering solutions in utilities and energy management. As energy providers seek to enhance efficiency and reduce operational costs, lora lorawan-iot technologies enable real-time data collection and analysis for better resource allocation. The smart metering market is projected to grow to $20 billion by 2029, with lora lorawan-iot systems being a vital component of this transformation. This trend suggests that the lora lorawan-iot market will continue to thrive as utilities increasingly implement smart technologies to meet consumer demands and regulatory requirements.

Advancements in Agricultural Technology

The lora lorawan-iot market is poised for growth due to advancements in agricultural technology, which increasingly rely on IoT solutions for precision farming. Farmers are adopting lora lorawan-iot systems to monitor soil conditions, crop health, and weather patterns, leading to improved yields and resource management. The agricultural sector is expected to invest over $10 billion in IoT technologies by 2026, with lora lorawan-iot solutions being a key component. This investment reflects a broader trend towards sustainable farming practices, where data-driven decisions enhance productivity. The lora lorawan-iot market is thus likely to see substantial growth as agricultural stakeholders recognize the value of these technologies.

Growing Demand for Smart Infrastructure

The lora lorawan-iot market is experiencing a surge in demand driven by the increasing need for smart infrastructure across various sectors. As cities and municipalities invest in smart technologies, the integration of lora lorawan-iot solutions becomes essential for efficient data transmission and management. The market is projected to grow at a CAGR of approximately 25% from 2025 to 2030, reflecting the rising adoption of IoT devices in urban planning. This trend indicates a shift towards more connected environments, where lora lorawan-iot technology plays a pivotal role in enhancing operational efficiency and resource management. The lora lorawan-iot market is thus positioned to benefit significantly from this growing emphasis on smart infrastructure.

Increased Focus on Environmental Monitoring

The lora lorawan-iot market is experiencing growth due to an increased focus on environmental monitoring and sustainability initiatives. Organizations are leveraging lora lorawan-iot technologies to track air quality, water levels, and other environmental parameters, contributing to better resource management and compliance with regulations. The market for environmental monitoring solutions is expected to reach $5 billion by 2028, with lora lorawan-iot systems being integral to these efforts. This trend indicates a growing awareness of environmental issues and the role of technology in addressing them, positioning the lora lorawan-iot market as a key player in sustainability efforts.

Market Segment Insights

By Offering: Hardware (Largest) vs. Services (Fastest-Growing)

In the US lora lorawan-iot market, the distribution of market share among the offering segments reveals that hardware occupies the largest share, driven by the demand for compatible devices and equipment. This segment includes gateways, sensors, and modules that are critical for establishing IoT networks. Services follow as the fastest-growing segment, highlighting the increasing reliance on managed services, support, and consulting in system integration and deployment. Growth trends in this market are heavily influenced by technological advancements and the acceleration of IoT applications across various industries. The push for smart cities, agricultural innovations, and industrial automation is propelling hardware development. Meanwhile, the growth of services can be attributed to the need for tailored solutions that enhance network performance and security, making them indispensable for businesses looking to leverage IoT effectively.

Hardware (Dominant) vs. Services (Emerging)

Hardware in the US lora lorawan-iot market is characterized by a diverse array of components that provide the foundation for IoT functionality. Devices like sensors and gateways are crucial for collecting and transmitting data, making this segment indispensable. In contrast, the services segment, while emerging, is gaining traction due to businesses increasingly seeking specialized support to navigate IoT implementation complexities. Managed services, including data analytics and network management, offer significant enhancements to operational efficiency. Together, these segments illustrate a complementary relationship, driving innovation and fostering growth within the overall market.

By Application: Asset Tracking (Largest) vs. Smart Agriculture and Livestock Management (Fastest-Growing)

In the US lora lorawan-iot market, the application segments exhibit distinct distributions in market share. Asset tracking stands as the largest segment, driven by the increasing need for businesses to optimize logistics and manage costs. Other segments, such as smart cities and industrial IoT applications, follow closely but do not reach the same level of widespread adoption and implementation. Smart agriculture and livestock management is emerging rapidly, addressing pressing needs in food security and efficiency. Growth trends indicate a vibrant trajectory for these applications particularly within smart agriculture and livestock management, which are benefiting from technological advancements in IoT. The push towards sustainability and efficient resource management is stimulating investments in smart farming solutions, driving this segment to be the fastest-growing. Additionally, the integration of IoT in urban planning and management further propels the smart cities initiative, underscoring a broader trend towards digital transformation across industries.

Asset Tracking (Dominant) vs. Smart Agriculture and Livestock Management (Emerging)

The asset tracking segment remains dominant in the US lora lorawan-iot market due to its critical role in logistics, supply chain management, and enhancing operational efficiency through real-time data. Businesses leverage IoT solutions to monitor assets, reduce losses, and streamline operations, making it indispensable. In contrast, smart agriculture and livestock management is emerging as a vital segment, supported by the need for modern farming solutions that increase yield while minimizing environmental impact. This segment integrates IoT to monitor crops, livestock conditions, and efficient resource use. With rising food demands and a focus on sustainable practices, smart agriculture is gaining momentum and capturing significant interest from investors and technology developers.

By End User: Retail (Largest) vs. Transportation & Logistics (Fastest-Growing)

In the US lora lorawan-iot market, the end user segment is characterized by a diverse distribution of market share among various sectors. Retail stands out as the largest segment, leveraging IoT solutions for inventory management, supply chain optimization, and enhanced customer experiences. Other notable sectors include manufacturing and healthcare, which also hold substantial shares, but the focus on retail reflects its immediate impact and applications in the dynamic marketplace. Growth trends in the end user segment are driven by increasing adoption of IoT devices and solutions. The Transportation & Logistics sector is emerging as the fastest-growing segment, driven by the demand for real-time tracking and management of goods. Other sectors like agriculture and healthcare are expanding as well, influenced by the need for efficiency and improved operational capabilities, making the overall landscape increasingly competitive and innovative.

Retail: Dominant vs. Transportation & Logistics: Emerging

The retail segment in the US lora lorawan-iot market is characterized by its robust adoption of IoT technologies, enabling improved inventory visibility, customer interaction, and operational efficiency. Retailers are increasingly utilizing sensors and connectivity solutions to streamline processes and enhance consumer engagement. On the other hand, the Transportation & Logistics segment is rapidly emerging, driven by the critical need for enhanced supply chain visibility and asset tracking. This segment is marked by innovations in fleet management and logistics optimization, allowing companies to achieve greater efficiencies and responsiveness in their operations.

Get more detailed insights about US LoRa LoRaWAN IoT Market

Key Players and Competitive Insights

The lora lorawan-iot market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for IoT solutions across various sectors. Key players such as Semtech Corporation (US), Cisco Systems Inc (US), and MultiTech Systems Inc (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Semtech Corporation (US) focuses on innovation in low-power, wide-area network technologies, while Cisco Systems Inc (US) emphasizes digital transformation and integration of IoT solutions into existing infrastructure. MultiTech Systems Inc (US) is leveraging partnerships to expand its product offerings and enhance customer engagement, collectively shaping a competitive environment that is increasingly collaborative yet fiercely competitive.

The market structure appears moderately fragmented, with numerous players vying for market share. Key business tactics include localizing manufacturing to reduce costs and optimize supply chains, which is particularly relevant in the current economic climate. The collective influence of these major players is significant, as they not only drive technological advancements but also set industry standards that smaller companies often follow.

In October 2025, Semtech Corporation (US) announced a strategic partnership with a leading telecommunications provider to enhance its LoRaWAN network capabilities. This collaboration is expected to bolster Semtech's market presence by expanding its reach into underserved regions, thereby increasing its customer base and driving revenue growth. The strategic importance of this partnership lies in its potential to accelerate the deployment of IoT solutions in various applications, from agriculture to smart cities.

In September 2025, Cisco Systems Inc (US) launched a new IoT security framework aimed at addressing the growing concerns around data privacy and security in IoT deployments. This initiative is crucial as it not only enhances Cisco's product portfolio but also positions the company as a leader in IoT security, a critical factor for enterprises considering IoT adoption. The framework is likely to attract new customers who prioritize security in their IoT strategies.

In August 2025, MultiTech Systems Inc (US) unveiled a new line of LoRaWAN gateways designed for industrial applications, showcasing its commitment to innovation and market responsiveness. This product launch is significant as it addresses the increasing demand for robust and reliable IoT solutions in industrial settings, potentially capturing a larger share of the market. The introduction of these gateways may also enhance MultiTech's competitive edge by providing customers with advanced features that improve operational efficiency.

As of November 2025, current competitive trends in the lora lorawan-iot market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly important, as companies recognize the value of collaboration in driving innovation and expanding market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, reliability of supply chains, and the ability to deliver comprehensive IoT solutions that meet diverse customer needs.

Key Companies in the US LoRa LoRaWAN IoT Market market include

Industry Developments

The US LoRa LoRaWAN IoT Market has seen significant developments recently, with companies like Microchip Technology, Sierra Wireless, and Cisco expanding their investments in IoT solutions, responding to increasing demand for low-power wide-area networks. In October 2023, an acquisition took place where Actility announced its purchase of orbiwise, aiming to enhance its capabilities by integrating orbiwise's technology into its existing solutions. Additionally, MultiTech and IBM are collaborating on cloud-based solutions utilizing LoRaWAN for various applications, driving innovation in the smart agriculture and smart city sectors. 

Growth metrics indicate that the market valuation for companies within the US LoRa LoRaWAN IoT Market landscape is projected to rise, influenced by ongoing technological advancements and partnerships aimed at enhancing connectivity and scalability. Furthermore, in the past two to three years, a notable surge in investment has occurred, with Amazon Web Services and Microsoft ramping up efforts to integrate LoRaWAN into their cloud offerings, showcasing the rising trend in leveraging LoRaWAN for diverse IoT applications. This evolving ecosystem continues to foster an environment conducive to expanding IoT deployment across multiple industries in the US.

Future Outlook

US LoRa LoRaWAN IoT Market Future Outlook

The LoRa LoRaWAN IoT Market is projected to grow at a 16.85% CAGR from 2024 to 2035, driven by increased IoT adoption, smart city initiatives, and enhanced connectivity solutions.

New opportunities lie in:

  • Development of smart agriculture solutions leveraging IoT data analytics.
  • Expansion of remote monitoring systems for industrial applications.
  • Integration of lora lorawan technology in smart grid infrastructure.

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and strategic partnerships.

Market Segmentation

US LoRa LoRaWAN IoT Market End User Outlook

  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Agriculture
  • Healthcare
  • Energy & Utilities
  • Government & Public Safety
  • Enterprise
  • Residential
  • Travel & Hospitality
  • Other

US LoRa LoRaWAN IoT Market Offering Outlook

  • Hardware
  • Platform
  • Services

US LoRa LoRaWAN IoT Market Application Outlook

  • Asset Tracking
  • Industrial IoT
  • Smart Cities
  • Smart Agriculture and Livestock Management
  • Smart Buildings
  • Smart Healthcare
  • Other Applications

Report Scope

MARKET SIZE 2024 2750.0(USD Million)
MARKET SIZE 2025 3213.38(USD Million)
MARKET SIZE 2035 15250.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 16.85% (2024 - 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 Million
Key Companies Profiled Semtech Corporation (US), Cisco Systems Inc (US), Kerlink (FR), Actility (FR), Loriot (CH), The Things Industries (NL), MultiTech Systems Inc (US), IMST GmbH (DE), Microchip Technology Inc (US)
Segments Covered Offering, Application, End User
Key Market Opportunities Expansion of smart city initiatives driving demand for lora lorawan-iot market solutions.
Key Market Dynamics Growing demand for low-power wide-area network solutions drives innovation and competition in the LoRa LoRaWAN-IoT market.
Countries Covered US

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FAQs

What is the estimated market size of the US LoRa LoRaWAN IoT Market in 2024?

The estimated market size of the US LoRa LoRaWAN IoT Market in 2024 is valued at 2.5 billion USD.

What is the expected market size of the US LoRa LoRaWAN IoT Market by 2035?

The expected market size of the US LoRa LoRaWAN IoT Market by 2035 is valued at 65.0 billion USD.

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

The expected CAGR for the US LoRa LoRaWAN IoT Market from 2025 to 2035 is 34.473%.

Which segment within the US LoRa LoRaWAN IoT Market is anticipated to dominate in 2035?

The hardware segment is anticipated to dominate, valued at 25.0 billion USD in 2035.

What are some of the key players in the US LoRa LoRaWAN IoT Market?

Key players in the US LoRa LoRaWAN IoT Market include Microchip Technology, Sierra Wireless, and Cisco among others.

How much is the platform segment projected to be valued in 2035?

The platform segment is projected to be valued at 20.0 billion USD in 2035.

What challenges might the US LoRa LoRaWAN IoT Market face in the coming years?

The US LoRa LoRaWAN IoT Market might face challenges in technology integration and data security as it grows.

How is the services segment expected to grow by 2035?

The services segment is expected to grow significantly, reaching a valuation of 20.0 billion USD by 2035.

What are the key applications driving the growth of the US LoRa LoRaWAN IoT Market?

Key applications driving growth include smart cities, agriculture, and industrial automation.

How is the current global scenario impacting the US LoRa LoRaWAN IoT Market?

The current global scenario is likely to encourage innovation and investment within the US LoRa LoRaWAN IoT Market.

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