Product Code: ETC13329039 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global LoRa and LoRaWAN IoT Connectivity Market was valued at USD 1.3 Billion in 2024 and is expected to reach USD 1.86 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global LoRa and LoRaWAN IoT Connectivity Market is experiencing rapid growth driven by the increasing adoption of IoT devices across various industries. LoRa technology offers long-range, low-power connectivity, making it ideal for applications such as smart cities, agriculture, and industrial automation. The LoRaWAN protocol enhances the capabilities of LoRa by enabling secure, bi-directional communication between devices and networks, further fueling market expansion. Key players in the market are investing in expanding network coverage and developing new applications to capitalize on the growing demand for IoT connectivity solutions. With the proliferation of IoT devices and the need for efficient and cost-effective connectivity solutions, the Global LoRa and LoRaWAN IoT Connectivity Market is poised for continued growth in the coming years.
The Global LoRa and LoRaWAN IoT Connectivity Market is experiencing significant growth due to the increasing adoption of IoT devices across various industries. The key trends driving this market include the rising demand for long-range, low-power connectivity solutions, the expansion of smart city projects, and the deployment of LoRaWAN networks by telecom operators. Opportunities in this market lie in the development of innovative applications using LoRa technology, such as asset tracking, smart agriculture, and industrial automation. Additionally, partnerships and collaborations among technology providers, IoT device manufacturers, and network operators are expected to further accelerate the growth of the LoRa and LoRaWAN market globally.
The Global LoRa and LoRaWAN IoT Connectivity Market faces several challenges, including the need for standardized regulations to ensure interoperability among different LoRa devices and networks. Security concerns related to data privacy and protection against cyber threats are also significant challenges, as IoT devices are vulnerable to hacking and unauthorized access. Additionally, the scalability and reliability of LoRa networks in densely populated urban areas and remote locations need to be improved to support the growing number of connected devices. Moreover, the competition from other IoT connectivity technologies and the cost of deploying LoRa infrastructure pose challenges for market growth and adoption. Overall, addressing these challenges will be critical for the sustainable development and widespread adoption of LoRa and LoRaWAN technology in the IoT connectivity market.
The Global LoRa and LoRaWAN IoT connectivity market is primarily driven by the increasing adoption of IoT solutions across various industries due to their cost-effectiveness, long-range connectivity capability, and low power consumption. The rising demand for smart devices, such as sensors and meters, in sectors like agriculture, smart cities, and industrial automation is fueling the growth of the market. Additionally, the scalability and reliability of LoRa and LoRaWAN technology, along with its ability to operate in challenging environments, are further driving its adoption. Government initiatives promoting smart city projects and the need for efficient asset tracking and monitoring solutions are also contributing to the market`s expansion. Overall, the market is propelled by the advantages offered by LoRa and LoRaWAN in enabling seamless and reliable IoT connectivity solutions.
Government policies related to the Global LoRa and LoRaWAN IoT Connectivity Market vary across different countries. However, many governments are focusing on promoting the adoption and deployment of LoRa and LoRaWAN technologies through initiatives such as funding support for IoT projects, incentivizing the development of smart cities, and creating regulatory frameworks to ensure data security and standardization. Some countries have also introduced spectrum allocation policies to facilitate the growth of the LoRa and LoRaWAN market. Overall, government policies are geared towards fostering innovation, encouraging investment in IoT infrastructure, and ensuring the sustainable development of IoT connectivity solutions to drive economic growth and improve quality of life for citizens.
The Global LoRa and LoRaWAN IoT connectivity market is poised for significant growth in the coming years. With the increasing adoption of IoT devices across various industries such as smart cities, agriculture, healthcare, and logistics, the demand for long-range, low-power connectivity solutions like LoRa and LoRaWAN is expected to surge. The technology`s ability to provide cost-effective, energy-efficient connectivity for a wide range of IoT applications make it a favorable choice for businesses looking to deploy scalable IoT solutions. Additionally, advancements in LoRa and LoRaWAN technology, such as improved network coverage and security features, are further driving market expansion. As a result, the Global LoRa and LoRaWAN IoT connectivity market is anticipated to experience robust growth and innovation in the coming years.
In the Global LoRa and LoRaWAN IoT Connectivity Market, Asia is witnessing rapid growth driven by the increasing adoption of smart city initiatives and industrial automation in countries like China and India. North America remains a key region for LoRa and LoRaWAN deployments, with a focus on applications in smart agriculture, asset tracking, and smart home devices. Europe is experiencing significant demand for LoRa and LoRaWAN solutions in smart metering, environmental monitoring, and logistics. The Middle East and Africa region is showing a growing interest in LoRa technology for applications in water management, energy efficiency, and building automation. In Latin America, the market is expanding due to the rising deployment of IoT solutions in agriculture, utilities, and transportation sectors.
Global LoRa and LoRaWAN IoT Connectivity Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global LoRa and LoRaWAN IoT Connectivity Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 & 2031F |
3.3 Global LoRa and LoRaWAN IoT Connectivity Market - Industry Life Cycle |
3.4 Global LoRa and LoRaWAN IoT Connectivity Market - Porter's Five Forces |
3.5 Global LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Global LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global LoRa and LoRaWAN IoT Connectivity Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global LoRa and LoRaWAN IoT Connectivity Market Trends |
6 Global LoRa and LoRaWAN IoT Connectivity Market, 2021 - 2031 |
6.1 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Hardware (sensors, gateways, modules) , 2021 - 2031 |
6.1.3 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Software/Platform (network management, application development tools) , 2021 - 2031 |
6.1.4 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Services (deployment, maintenance, consulting) , 2021 - 2031 |
6.2 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Smart Cities, 2021 - 2031 |
6.2.3 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Industrial IoT, 2021 - 2031 |
6.2.4 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Smart Agriculture, 2021 - 2031 |
6.2.5 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Smart Building, 2021 - 2031 |
6.2.6 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.7 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Transportation and Logistics, 2021 - 2031 |
6.3 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Manufacturing , 2021 - 2031 |
6.3.3 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Retail , 2021 - 2031 |
6.3.4 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Transportation & Logistics , 2021 - 2031 |
6.3.5 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Energy & Utilities , 2021 - 2031 |
6.3.6 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Government & Public Safety , 2021 - 2031 |
6.3.7 Global LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Healthcare , 2021 - 2031 |
7 North America LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
7.1 North America LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
7.2 North America LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
7.3 North America LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
7.4 North America LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
8.1 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
8.4 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
9.1 Asia LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
9.2 Asia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
9.4 Asia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
10.1 Africa LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
10.2 Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
10.4 Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
11.1 Europe LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
11.2 Europe LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
11.4 Europe LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East LoRa and LoRaWAN IoT Connectivity Market, Overview & Analysis |
12.1 Middle East LoRa and LoRaWAN IoT Connectivity Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Offering, 2021 - 2031 |
12.4 Middle East LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East LoRa and LoRaWAN IoT Connectivity Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global LoRa and LoRaWAN IoT Connectivity Market Key Performance Indicators |
14 Global LoRa and LoRaWAN IoT Connectivity Market - Export/Import By Countries Assessment |
15 Global LoRa and LoRaWAN IoT Connectivity Market - Opportunity Assessment |
15.1 Global LoRa and LoRaWAN IoT Connectivity Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global LoRa and LoRaWAN IoT Connectivity Market Opportunity Assessment, By Offering, 2021 & 2031F |
15.3 Global LoRa and LoRaWAN IoT Connectivity Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global LoRa and LoRaWAN IoT Connectivity Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global LoRa and LoRaWAN IoT Connectivity Market - Competitive Landscape |
16.1 Global LoRa and LoRaWAN IoT Connectivity Market Revenue Share, By Companies, 2024 |
16.2 Global LoRa and LoRaWAN IoT Connectivity Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |