LoRa and LoRaWAN IoT Market is expected to grow at a CAGR of 29.07% through 2030F
The
Global LoRa and LoRaWAN IoT Market is expected to be led by the transportation
and logistics segment due to rising demand for real-time tracking and smart
supply chain solutions, during the forecast period 2026-2030F
According to TechSci Research report, “LoRa and LoRaWAN IoT Market -
Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F,
The Global LoRa and LoRaWAN IoT Market was valued at USD 8.07 billion in
2024 and is expected to reach USD 37.31 billion by 2030 with a CAGR of 29.07%
through 2030.
The continuous
development of network infrastructure and the expanding ecosystem around LoRa
and LoRaWAN technologies are critical factors driving market growth. The
establishment of more LoRaWAN network gateways globally and partnerships
between telecom operators, technology providers, and governments are creating a
more extensive and reliable network fabric. This expansion enhances network
coverage, reduces latency, and increases network resilience, encouraging more
enterprises and municipalities to adopt LoRa-based IoT solutions. Moreover, the
development of interoperable platforms and standardization efforts in the
industry promote seamless integration with cloud services, data analytics, and
other IoT technologies, facilitating end-to-end smart solutions.
In addition,
increasing investment in research and development has led to innovations in
sensor technology, power management, and security protocols specific to LoRa
and LoRaWAN. These technological advancements improve device performance, data
accuracy, and network security, addressing previous barriers to adoption. The
growing developer community and availability of open-source tools also
accelerate solution development and customization, enabling a wider range of
industry-specific applications. This thriving ecosystem creates a positive
feedback loop, where enhanced infrastructure and technology spur greater
adoption, which in turn fuels further innovation and infrastructure
investments.
The growing
adoption of LoRa and LoRaWAN technology within industrial automation and asset
tracking applications marks another key trend in the global market. Industries
including manufacturing, logistics, and supply chain management are leveraging
these networks to enhance operational visibility and efficiency. The ability to
track assets in real-time across expansive facilities or during transit is
critical for reducing losses, optimizing workflows, and improving overall
productivity. LoRa networks provide a reliable communication backbone capable
of transmitting data from sensors and tracking devices over long distances
without frequent battery replacements, reducing total cost of ownership.
Integration
with cloud platforms and advanced analytics enables companies to gain
actionable insights from asset movement patterns and environmental conditions,
fostering predictive maintenance and smarter inventory management. The trend is
bolstered by increasing demand for Industry 4.0 solutions and digital
transformation strategies aimed at automation and data-driven decision making.
LoRa technology’s scalability and interoperability with existing industrial
systems make it a preferred choice for modernizing legacy infrastructure.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global LoRa and LoRaWAN IoT Market"
Based
on End User, Transportation & logistics is emerging as the fastest-growing
segment in the global LoRa and LoRaWAN IoT market, driven by the escalating
need for efficient fleet management, real-time asset tracking, and end-to-end
visibility across supply chains. As global trade and e-commerce expand,
companies are under pressure to enhance operational transparency and minimize
delays, losses, and costs. LoRa and LoRaWAN technologies offer low-power,
long-range communication capabilities, making them ideal for tracking goods,
containers, and vehicles across vast geographic areas with minimal
infrastructure requirements. These technologies support real-time data
transmission regarding location, temperature, humidity, and shock levels, which
is critical for industries dealing with perishable or sensitive goods.
The
growing adoption of electric and autonomous vehicles is further accelerating
the demand for connected infrastructure that can support predictive maintenance
and route optimization. Logistics providers are increasingly implementing LoRa
and LoRaWAN-based solutions to monitor vehicle performance, fuel usage, driver
behavior, and traffic conditions. As urban areas become more congested, smart
traffic and delivery systems powered by this technology help reduce delivery
times and environmental impact. Governments and municipalities are also
investing in smart mobility initiatives that rely on low-power wide-area
networks for vehicle-to-infrastructure communication. These trends firmly
position transportation and logistics as the fastest-growing segment in this
evolving market landscape.
Based on region, Asia
Pacific is emerging as the fastest-growing region in the Global LoRa and
LoRaWAN IoT Market due to rapid urbanization, expanding industrial
digitization, and increasing investment in smart infrastructure. Countries such
as China, India, Japan, and South Korea are actively deploying smart city
projects and embracing IoT-based applications in agriculture, logistics, and
environmental monitoring. The region benefits from a strong manufacturing
ecosystem and a large base of connected devices, creating a favorable
environment for the growth of LoRa and LoRaWAN networks.
Governments
in the region are also supporting digital transformation through favorable
policies and public-private partnerships. Additionally, the rise of affordable
IoT hardware and the push for sustainable technologies are driving further
adoption. These dynamics position Asia Pacific as a leading engine of future
expansion in this evolving market.
Key
market players in the LoRa and LoRaWAN IoT Market are:
-
- Semtech
Corporation
- Cisco
Systems, Inc.
- IBM
Corporation
- Actility
S.A.
- MultiTech
Systems, Inc.
- Kerlink
- Laird
Connectivity
- TEKTELIC
Communications
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The
Global LoRa and LoRaWAN IoT Market is poised for strong growth in the coming
years, driven by increasing adoption of smart city infrastructure, industrial
automation, and precision agriculture solutions. The market will expand as
demand for low-power, long-range connectivity rises in both developed and
emerging regions. Continuous innovation in IoT hardware and expanding
partnerships among network providers, technology firms, and governments will
accelerate deployments across diverse sectors. Growing emphasis on
cost-efficient, scalable IoT networks will further enhance market adoption. As
device interoperability and network security improve, LoRa and LoRaWAN IoT
solutions are expected to become a foundational layer in future digital
ecosystems.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“LoRa and LoRaWAN IoT Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Offering (Hardware, Platform, Services), By Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture & Livestock Management, Smart Buildings, Smart Healthcare, Others), By End User (Retail, Manufacturing, Transportation & Logistics, Agriculture, Healthcare, Energy & Utilities, Government & Public Safety, Travel & Hospitality, Others), By Region 7 Competition, 2020-2030F” has evaluated the future growth
potential of LoRa and LoRaWAN IoT Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in LoRa and LoRaWAN IoT Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com