Growth Opportunities in Low-Power Wide Area Networks: NB-IoT and Satellite Connectivity for Agribusinesses

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Jan 29, 2024, 12:45 ET

DUBLIN, Jan. 29, 2024 /PRNewswire/ -- The "Growth Opportunities in Low-Power Wide Area Networks" report has been added to ResearchAndMarkets.com's offering.

The low-power wide area network (LPWAN) market is in a growth stage, with network operators collaborating to establish LPWAN standard convergence. While some LPWAN providers are arranging deals to combine LoRaWAN with Sigfox in their connectivity offerings, others are integrating proprietary LPWAN with cellular LPWAN.

LPWAN providers are also innovating around satellites, creating solutions that give rise to new growth opportunities. LPWAN operators innovating with non-terrestrial networks (NTNs) are conducting tests and trials. The commercial launch of hybrid satellite and LPWAN connectivity solutions will impact the market, in particular for verticals such as oil and gas, fleet management, agriculture, and maritime.

The ecosystem is growing, and alliances are attracting an increased number of members. As of November 2023, Wi-SUN Alliance has approximately 350 member companies across North America; Latin America; Asia-Pacific; and Europe, the Middle East, and Africa (EMEA), including Texas Instruments (TI), WISeKey, QualityLogic, Atsign, and Renesas Electronics. The LoRa Alliance surpassed 500 members globally, with strategic partners joining the board of directors (i.e., Semtech, Cisco, AWS, Echostar Mobile, STMicroelectronics).

Fast growth in LPWAN product certification conducted by the alliances and the acceleration in LPWAN hardware manufacturing are influencing ecosystem evolution and increasing LPWAN offerings globally.

The market will grow steadily from 2023 to 2028, with LPWAN connected devices forecast to reach 3.3 billion globally by 2028.

Key Issues Addressed

What is the present state of the LPWAN market globally?
What are the LPWAN market growth rates globally? How will they change during the forecast period?
What are the primary challenges that vendors addressing this market face? What are the drivers and restraints for market growth?
What are the connection breakdowns by technology type (licensed/unlicensed)? Which is the fastest-growing?
What are the growth opportunities for market participants?

Growth Opportunity Universe

Growth Opportunity 1: LTE-M for Wearables, Healthcare, and Remote Monitoring
Growth Opportunity 2: NB-IoT and Satellite Connectivity for Agribusinesses
Growth Opportunity 3: LoRaWAN and Other Proprietary LPWAN Technology for Smart Cities

Competitive Profiles

Ericsson (NB-IoT and LTE-M)
The mioty alliance
The LoRa Alliance
Ingenu (RPMA)
Wi-SUN
UnaBiz

Key Topics Covered:

Market Definitions: LPWAN

Scope of Analysis
Market Definitions: LPWAN Concept
LPWAN Overview
Market Trends: LPWAN Standard Integration
Market Trends: Hybrid LPWAN Terrestrial and NTNs

Growth Opportunity Analysis: LPWAN Market

Market Segmentation
Key Public Network Operators for LPWAN Licensed and Unlicensed Technologies
Questions This Study Will Answer
Growth Metrics
- Growth Environment
- Growth Drivers
- Growth Restraints
Forecast Assumptions
Connections Forecast
- Connections Forecast by Segment
- Connections Forecast by Technology
- Connections Forecast by Region
Most Relevant Applications Across Industries
Percent Connections by Industry Vertical
Forecast Analysis
- Forecast Analysis by Segment
- Forecast Analysis by Technology
- Forecast Analysis by Region
- Forecast Analysis by Industry Vertical
Competitive Environment

For more information about this report visit https://www.researchandmarkets.com/r/i027rr

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