Weightless LPWAN Devices Market - Forecast(2023 - 2028)

Report Code: ESR 0684 Report Format: PDF + Excel

Weightless LPWAN Devices Market Overview

Weightless LPWAN Devices Market size was valued at $690 million in 2020 and it is estimated to grow at a CAGR of 38.2% during 2021-2026. Growing penetration oflow power consumingconnected devices such as smoke & fire alarms, bridge monitors, smart lighting, asset monitors, PIR cameras, actuatorsand others across various sectors such as residential, commercial and industrialis set to be one of the major drivers for the Weightless LPWAN Devices market. Along with this, Government’s initiative to promote smart city projects, wireless telecommunication and infrastructure investments along with the growing requirement of smart security systems are estimated to proliferate the adoption of LPWAN technology and fuel the market size. Apart from this, a prominent modulation technique, Chirp Spread Spectrum or CSS, used in Weightless LPWAN Devices, are resilient to noise as well as to Doppler effect and can traverse long distances even when operating at very low power, which acts as a considerable factor for the growth of this market. Similarly Direct Sequence Spread Spectrum or DSSS also offers noise resilience allowing improved applications of Weightless LPWAN devices. Furthermore, it also offers robustness along with wide coverage to Ultra Narrowband LPWAN applications, while supporting a massive amount of devices, thus increases the adoption rate of these devices. Hence, the above mentioned factors are set to boost the market growth of LPWAN Device industry in the forecast period.

Weightless LPWAN Devices Market Report Coverage:

The report: “Weightless LPWAN Devices Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Weightless LPWAN Devices Market.

By technology: Unidirectional weightless- N, bidirectional weightless- P, bidirectional weightless-W and others
By Device: access points, gateways, transceivers, routers, wireless bridges, base station, nodes and others.
By End Product: smart meters (electric, water, gas), Position trackers, smart sensors and data loggers, smart light, smoke& fire alarms and others.
By Application: Smart Building, smart home, smart lighting, smart metering, asset monitoring & tracking, smart parking, Smart factory, Smart farming and others.
By End User Industry: General Manufacturing, healthcare, transportation & logistics, power generation, oil & gas, utilities (water & wastewater, electricity, gas), agriculture, electronics & semiconductors, mining, food & beverage, automotive and others.
By Geography: North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), APAC (Japan, China, India, Australia, South Korea, rest of APAC), South America (Brazil, Argentina, rest of South America), and RoW (Africa, Middle East)

Key Takeaways

  • By technology, LoRa is estimated to witness the fastest growth, as this technology allows the organizations to install its own network.
  • Agriculture sector is analyzed to grow with a significant amount of growth during the forecast period, owing to increasing demand for IoT, connected devices and digital platforms in agricultural sector.
  • North America dominates this market with highest market share, early adoption of new technologies and growing investments for smart city projects are the key factors contributing towards the market growth 2021-2026.
  • Increasing investment for smart city projects is a major growth driver for this market.

Weightless LPWAN Devices Market Value Share, By Geography, 2020 (%)

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Weightless LPWAN Devices Market Segment Analysis- By Technology

Weightless LPWAN Devices market is segmented into Unidirectional weightless- N, bidirectional weightless- P, bidirectional weightless-W and others based on technology. Bidirectional Weightless-P technology is anticipated to grow with fastest CAGR of 44.6% during the forecast period 2021-2026. Unlike other technologies such as SigFox, Weightless LPWAN allows the companies to install their own network which can provide better system security by restricting third party intervention, making them perfectly suitable for smart factories, hospitals and others. Apart from this, this technology also provides better radio network connectivity to IoT devices compared to other technologies which is acting as a growth driver for this technology.

Weightless LPWAN Devices Market Segment Analysis- By End-User industry

By end-user industry, the Weightless LPWAN Devices market is segmented into General Manufacturing, healthcare, transportation & logistics, power generation, oil & gas, utilities (water & wastewater, electricity, gas), agriculture, electronics & semiconductors, mining, food & beverage, automotive and others. Agriculture sector is anticipated to witness significant amount of growth of CAGR of 42.5%; followed by a healthcare LPWAN market with a growth of CAGR 40.9% during the forecast period 2021-2026. With an increasing demand for IoT technologies, connected devices and digital platforms in agricultural sector, the farmers face connectivity issues. LPWAN network has been poised to be more suitable for agriculture sector owing to its cost effectiveness, better connectivity and network coverage. LPWAN is widely used for smart farming applications and precision agriculture. The UN FOOD and Agriculture Organization estimated that by 2050, to meet the demand of rapidly growing world population, food production has torise by 60% and according to the recent studies, precision agriculture using IoT technologies can assist this. LPWAN provides better connectivity to the sensors along with the actuators that gathers the data about soil health, chemical composition, humidity and environment from the nodes of the sensors and actuatorscomposed in Wireless Sensor and Actuator Network protocol. Apart from this, farmers can monitor their farm assets, cattle, control irrigation process and others better with LPWAN network. Furthermore, the growth of healthcare industry is primarily driven by wide adoption of smart monitoring systems and IoT in healthsector. The demand for reliable communication system and requirement for patient’s safetymeasures facilitates the adoption of IoT in this sector, therefore increasing the demand for Weightless LPWAN Devices. In addition, the current Covid-19 pandemic has opened up new growth avenues for LPWAN based health monitoring devices for monitoring patients remotely within healthcare institutions. Thus, these factors ultimately contribute to the market growth.

Weightless LPWAN Devices Market Segment Analysis- By Geography

North America region held the highest market share of 38.5% of global LPWAN device market in 2020, due to the early adoption of advanced technology, growth in advanced IoT infrastructure and increasing penetration of connected devices across industries.Growing investment for smart city projects, increasing investments in deployments, rising demand for smart devices are fueling the market growth. Moreover, APAC region is estimated to witness significant market growth during the forecast period 2021-2026. This growth is driven by the rapid adoption of IoT technologies and growing investments in smart city projects in Asian countries with favorable government support for the adoption of IoT technologies which can stimulate the development of a strong ecosystem. In November 2020, The Government of India invited investors to invest in Indian smart city projects as India is a developing country with numerous growth opportunities. These factors are set to boost the growth of this market during the forecast period.

Weightless LPWAN Devices Market Drivers

Increasing Investment in Smart City Projects:

The numbers of Smart city projects are expected to grow rapidly because of the increasing public safety issues, rapid urbanization, government’s initiatives, increasing concerns for environment and others. In June 2020, The Singapore Government had announced to increase the investment in smart city projects and information technology by 30%. In April 2021, Mitsubishi Corporation added a new urban transit-oriented mixed use development project, to its smart city program, near Jakarta. Similarly, due to the pandemic, paper bureaucracy dependent Japan is taking initiatives toward its digital transformation, resulting in high investments on smart city projects by the Japanese Government which will work as a key influencer for the digital transformation and economical revival of Japan. Weightless LPWAN Devices can provide long range connectivity with low cost which is basic requirement for smart city projects. LPWAN can provide city wide connectivity over a single platform that stimulates the development for a strong ecosystem. With growing investments in smart city projects across the globe, the demand for Weightless LPWAN Devices is also rising.

Increasing Adoption of Unlicensed LPWAN Technologies:

Due to the rapid adoption of unlicensed LPWAN technologies such as SigFox, LoRa and others, the market for these technologies is growing rapidly compared to the other technologies.Customers with budgetary constraints can opt for unlicensed LPWAN technologies which will be more budget friendly whereas other technologies with licensed spectrum can be expensive. This affects the adoption of unlicensed LPWAN technologies positively and drives the LPWAN device market towards growth.

Weightless LPWAN Devices Market Challenges

Scalability Level:

Although Weightless LPWAN Devices market is growing at a rapid phase, the scalability level of this network is expected to hinder the market growth. The scalability level declines with the increasing number of Weightless LPWAN Devices which as a result leads to poor performance of those devices. There are alternative technologies such as ALOHA which doesn’t have any scalability issues are also analyzed as one of the major challenges for this market.

Weightless LPWAN Devices Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Weightless LPWAN Devices market. As of 2020, Weightless LPWAN Devices industry outlook is consolidated with the top players including Actility Information Technology and Services, Semtech Corporation, Cisco Systems, Inc., Vodafone Group Plc, Ingenu Inc., Huawei Technologies Co., Ltd., AT&T Inc., STACKFORCE GmbH, NWave Technologies and others.

Acquisitions/Technology Launches

  • In November 2020, HERE Technologies and global IoT connectivity provider, Actility information technology partnered together to develop and provide a new cutting edge IoT Tracking service based on LoRaWAN technology for location data management andmapping.
  • In October 2020, Sigfox Germany partnered with Sensoneo to develop an indoor waste bin monitoring and waste collection tool that will have a Sigfox sensor and button technology for identifying full bins. Sensoneo’s cloud based smart waste management system will collect all the data and will provide the optimal solutions such as requests for full bins and calculation for the optimal route.

Relevant Report Titles:

Cellular IoT Market

Report Code: ITR 51459

Low Power Wide Area (LPWA) Network Market – Forecast (2021 - 2026)

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1. Weightless LPWAN Devices Market Overview
    1.1 Definitions and Scope
2. Weightless LPWAN Devices Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Weightless LPWAN Devices Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Weightless LPWAN Devices Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Weightless LPWAN Devices Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Weightless LPWAN Devices Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Weightless LPWAN Devices Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Weightless LPWAN Devices Market – By End Use Industry (Market Size -$Million/Billion)
    8.1 General Manufacturing
    8.2 Healthcare
    8.3 Transportation and logistics
    8.4 Power Generation
    8.5 Oil and Gas
    8.6 Utilities
        8.6.1 Water and Wastewater
        8.6.2 Electricity
        8.6.3 Gas
    8.7 Agriculture
    8.8 Electronics and Semiconductor
    8.9 Food and Beverage
    8.10 Automotive
    8.11 Others
9. Weightless LPWAN Devices Market – By Application (Market Size -$Million/Billion)
    9.1 Smart Building
    9.2 Smart Home
    9.3 Smart Lighting
    9.4 Smart Metering
    9.5 Asset Monitoring and Tagging
    9.6 Smart Parking
    9.7 Smart Factory
    9.8 Smart Farming
    9.9 Others
10. Weightless LPWAN Devices Market – By End Product (Market Size -$Million/Billion)
    10.1 Smart Meters
        10.1.1 Electric
        10.1.2 Gas
        10.1.3 Water
    10.2 Position Trackers
    10.3 Smart Sensors
    10.4 Smart Light
    10.5 Smoke and Fire Alarms
    10.6 Others
11. Weightless LPWAN Devices Market – By Device (Market Size -$Million/Billion)
    11.1 Access Points
    11.2 Gateways
    11.3 Transceivers
    11.4 Routers
    11.5 Wireless Bridges
    11.6 Base Stations
    11.7 Nodes
    11.8 Others
12. Weightless LPWAN Devices Market – By Technology (Market Size -$Million/Billion)
    12.1 Unidiectional Weightless - N
    12.2 Bidirectional Weightless – P
    12.3 Bidirectional Weightless – W
    12.4 Others
13. Weightless LPWAN Devices Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 UK
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Netherlands
        13.2.8 Others
    13.3 APAC
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia
        13.3.6 Indonesia
        13.3.7 Malaysia
        13.3.8 Others
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Others
    13.5 RoW
        13.5.1 Middle East
        13.5.2 Africa
14. Weightless LPWAN Devices Market - Market Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. Weightless LPWAN Devices Market – Industry Competitive Landscape (Premium)
    15.1 Market Share – Global
    15.2 Market Share by Region
    15.3 Market Share By Installation Type
16. Weightless LPWAN Devices Market – Key Company List by Country Premium (Premium)
17. Weightless LPWAN Devices Market - Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10