Global LPWAN Market Tracker and Forecast 2015-2027 (Q1/2024 Update)
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- 5+ LPWA technologies (Sigfox, LoRa, NB-IoT, LTE-M, Others [RPMA (Ingenu), Weightless, Wize, UNB Wireless (Telensa), NB-Fi, nWave, XNB (Strij), MIOTY (Fraunhofer Institute), WHIP (Helium), Sat4M2M and Hiber]
- 9 vertical IoT segments
- 6 data types (Shipments, number of connections, revenues from module shipments, revenues from connectivity. ASP. ARPU)
- 6 regions (China, North America, Europe, Asia Pacific – excluding China, Latin America, Middle East & Africa)
- Actuals: 2015-2023 (Annually), 2022-2023 (Quarterly)
- Forecast: 2024-2027 (Annually)
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About the product
The Global LPWAN Market Tracker and Forecast provides comprehensive information on Low-power wide-area networks (LPWAN) technology. It covers various aspects, including module shipments, active connections, module shipment revenues, and connectivity service revenues from 2015 to 2027. The market data is categorized by connectivity type. This product serves as a valuable resource for:
- Hardware vendors
- Connectivity service providers
- System integrators
- Cloud service providers
- Software platform vendors
The tracker offers valuable insights into the LPWAN industry and addresses important questions for executives, product managers, marketers, and consultants involved in utility digital transformation programs.
Definitions
LPWAN definition
Low-power wide-area networks (LPWAN) or low-power wide-area (LPWA) networks are a set of wireless communication technologies designed for power-efficient, long-range, and low-cost communication from simple IoT devices. LPWAN technologies are aimed at IoT applications that require the transmission of small amounts of data over long distances and/or to gather information from hard-to-reach locations (e.g., deep underground or remote areas) from battery-operated devices that can operate for several years without any human intervention, with minimal device and connectivity costs.
LPWAN market definitions
The overall market landscape for Low-Power Wide-Area Networks (LPWAN) includes all the companies offering and/or deploying LPWAN-enabled hardware and networks as well as any software, service, or solution deployed on top of them.
There are several wireless technologies currently on the market that claim to provide power-efficient communication over long distances, often targeting the same IoT use cases. Not all of them are considered LPWANs in this analysis. From a technical stanpoint, in IoT Analytics’ view, there are three important features (in addition to power-efficiency), that are characteristic of LPWANs in comparison to other radio communication technologies for IoT deployments:
- Link budget. A link budget of at least 150 dBm or more, eanbling a direct communication range of at least 5 km in an ideal, realistic scenario (e.g. in rural environments with minimal obstructions on the path between end-nodes and central coordinator and with low levels of interference from other technologies).
- Star network topology. A star network topology, where one or more central coordinators (e.g. the IoT gateway or base station) act as a conduit for all transmissions. All transmissions to and from each end-node have to go through the central coordinator, which means nodes cannot communicate directly with each other. This excludes mesh network technologies such as Wi-SUN, Wirepas or NeoMesh from our definition of LPWAN and thus the market data.
- Ability to support a massive amount of end-nodes with minimal network infrastructure (e.g. thousands of end-nodes for each single gateway or base station)
Please also note that new low-power IoT communication technologies based on Satellite Networks (such as Astrocast, Hiber, Myriota, etc.) are not included in the market data.
This is a list of all technologies that IoT Analytics considered for this research:
- LPWAN technologies using the licensed portion of the radio spectrum: NB-IoT, LTE-M
- LPWAN technologies using the unlicensed portion of the radio spectrum: Sigfox, LoRa, RPMA (ingenu), Weightless, Wize, UNB Wireless (Telensa), NB-Fi, XNB (Strij), mioty (Fraunhofer Institute), Taggle, nWave and Sony ELTRES.
Definition “operational LPWAN-enabled”
Any IoT device that is:
- equipped with an IoT RF module designed to communicate via one or more LPWAN technologies;
- actively used in an operational IoT solution.
Table of contents
Global LPWAN Market Tracker and Forecast 2015-2027 (Q1/2024 Update) (EXCEL)
Tab 1 LPWAN Module Overview
Global LPWAN Module Shipments by Technology in Millions
Global LPWAN Module Revenues by Technology in USD Millions
Global LPWAN Module ASP by Technology in USD
Tab 2 LPWAN Module Shipments
Global LPWAN Module Shipments by Technology in Millions
China LPWAN Module Shipments by Technology in Millions
Outside China LPWAN Module Shipments by Technology in Millions
Tab 3 LPWAN Connections Overview
Global LPWAN Connections by Technology in Millions
Global LPWAN Connections Revenues by Technology in USD Millions
Global LPWAN Connections ARPU by Technology in USD
Tab 4 LPWAN Connections
Global LPWAN Connections by Technology in Millions
China LPWAN Connections by Technology in Millions
Outside China LPWAN Connections by Technology in Millions
Tab 5 LPWAN Connections by Industry
Global LPWAN Connections by Industries in Millions
Global LPWAN Connections by Industries in % Share
Tab 6 LPWAN Connections by Region
China LPWAN Connections by Technology in Millions
Asia Pacific Ex China LPWAN Connections by Technology in Millions
North America LPWAN Connections by Technology in Millions
Europe LPWAN Connections by Technology in Millions
Latin America LPWAN Connections by Technology in Millions
Middle East & Africa LPWAN Connections by Technology in Millions
Tab 7 SigFox Connections by Industry
Global Sigfox Connections by Region in Millions
China SigFox Connections by Industries in Millions
Asia Pacific Ex China SigFox Connections by Industries in Millions
North America SigFox Connections by Industries in Millions
Europe SigFox Connections by Industries in Millions
Latin America SigFox Connections by Industries in Millions
Middle East & Africa SigFox Connections by Industries in Millions
Global SigFox Connections by Industries in Millions
Tab 8 LoRa Connections by Industry
Global LoRa Connections by Region in Millions
China LoRa Connections by Industries in Millions
Asia Pacific Ex China LoRa Connections by Industries in Millions
North America LoRa Connections by Industries in Millions
Europe LoRa Connections by Industries in Millions
Latin America LoRa Connections by Industries in Millions
Middle East & Africa LoRa Connections by Industries in Millions
Global LoRa Connections by Industries in Millions
Tab 9 LoRa Public vs Private
Global LoRa Connections by Deployment in Millions
Global LoRa Connections by Deployment in % Share
Tab 10 LTE-M Connections by Industry
Global LTE-M Connections by Region in Millions
China LTE-M Connections by Industries in Millions
Asia Pacific Ex China LTE-M Connections by Industries in Millions
North America LTE-M Connections by Industries in Millions
Europe LTE-M Connections by Industries in Millions
Latin America LTE-M Connections by Industries in Millions
Middle East & Africa LTE-M Connections by Industries in Millions
Global LTE-M Connections by Industries in Millions
Tab 11 NB-IoT Connections by Industry
Global NB-IoT Connections by Region in Millions
China NB-IoT Connections by Industries in Millions
Asia Pacific Ex China NB-IoT Connections by Industries in Millions
North America NB-IoT Connections by Industries in Millions
Europe NB-IoT Connections by Industries in Millions
Latin America NB-IoT Connections by Industries in Millions
Middle East & Africa NB-IoT Connections by Industries in Millions
Global NB-IoT Connections by Industries in Millions
Tab 12 Others Connections by Industry
Global Others Connections by Region in Millions
China Others Connections by Industries in Millions
Asia Pacific Ex China Others Connections by Industries in Millions
North America Others Connections by Industries in Millions
Europe Others Connections by Industries in Millions
Latin America Others Connections by Industries in Millions
Middle East & Africa Others Connections by Industries in Millions
Global Others Connections by Industries in Millions
Included data
- 5+ LPWA technologies (Sigfox, LoRa, NB-IoT, LTE-M, Others [RPMA (Ingenu), Weightless, Wize, UNB Wireless (Telensa), NB-Fi, nWave, XNB (Strij), MIOTY (Fraunhofer Institute), WHIP (Helium), Sat4M2M and Hiber]
- 9 vertical IoT segments
- 6 data types (Shipments, number of connections, revenues from module shipments, revenues from connectivity. ASP. ARPU)
- 6 regions (China, North America, Europe, Asia Pacific – excluding China, Latin America, Middle East & Africa)
- Actuals: 2015-2023 (Annually), 2022-2023 (Quarterly)
- Forecast: 2024-2027 (Annually)
Industries included
A list of verticals covered in the tracker.
Agriculture & Forestry
Building & Infrastructure
Healthcare
Home & Consumer
Industrial
Retail
Transportation, Supply Chain & Logistics
Utilities
Smart Cities & Others
Related reading
The article LPWAN market 2024: Licensed technologies boost their share among global 1.3 billion connections as LoRa leads outside China was recently published based on data from this tracker.
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