LoRa and LoRaWAN IoT

Global LoRa and LoRaWAN IoT Market to Reach US$40.3 Billion by 2030

The global market for LoRa and LoRaWAN IoT estimated at US$8.6 Billion in the year 2024, is expected to reach US$40.3 Billion by 2030, growing at a CAGR of 29.2% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 27.5% CAGR and reach US$24.3 Billion by the end of the analysis period. Growth in the Platforms segment is estimated at 31.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 27.8% CAGR

The LoRa and LoRaWAN IoT market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 27.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 26.5% and 25.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.5% CAGR.

Global LoRa and LoRaWAN IoT Market – Key Trends & Drivers Summarized

What Are LoRa and LoRaWAN, and Why Are They Crucial to IoT Connectivity?
LoRa (Long Range) and LoRaWAN (Long Range Wide Area Network) are low-power, wide-area networking (LPWAN) technologies designed specifically for wireless communication in Internet of Things (IoT) applications. LoRa is the physical layer that enables long-range, low-power signal transmission using chirp spread spectrum modulation, while LoRaWAN is the communication protocol and system architecture that manages communication between end devices and network gateways. Together, they provide cost-effective, energy-efficient, and secure connectivity over large distances, making them ideal for battery-operated sensors and devices in remote or hard-to-reach environments.

These technologies have become foundational in various sectors such as smart agriculture, utilities, logistics, smart cities, and industrial automation. LoRaWAN enables real-time data collection and remote monitoring without the need for expensive cellular or satellite networks. Its low data rate but high coverage range (up to 15–20 km in rural areas) makes it particularly well-suited for non-time-critical IoT applications such as soil moisture tracking, energy metering, parking management, and environmental monitoring. The open standard nature of LoRaWAN, governed by the LoRa Alliance, has spurred a global ecosystem of device manufacturers, network operators, and service providers, accelerating its adoption across public and private networks.

Which Technological Advancements and Use Cases Are Fueling LoRa and LoRaWAN Deployment?
The market for LoRa and LoRaWAN is being propelled by a growing range of use cases and continuous technological improvements that enhance network performance, scalability, and interoperability. Key advancements include the integration of LoRaWAN with edge computing and AI to enable smarter, local decision-making, as well as hybrid networks that combine LoRa with 5G, Wi-Fi, or satellite to broaden coverage and reliability. Recent developments like firmware-over-the-air (FOTA) updates and improved end-to-end encryption are further bolstering the manageability and security of LoRa-based systems.

In terms of application, smart agriculture is one of the fastest-growing segments, where LoRa-enabled sensors are used to monitor soil moisture, crop conditions, and livestock movements with minimal power consumption. In utilities, LoRaWAN is revolutionizing smart metering by allowing utility companies to remotely track water, gas, and electricity consumption in near real-time, reducing operational costs and improving resource efficiency. Smart cities are leveraging LoRaWAN for traffic management, air quality monitoring, and waste collection optimization. Additionally, industrial environments are adopting LoRa for predictive maintenance, equipment tracking, and energy usage optimization—facilitating digital transformation and operational resilience.

What Is Powering the Growth of the Global LoRa and LoRaWAN IoT Market?
The growth in the global LoRa and LoRaWAN IoT market is driven by several factors, including the rising demand for low-power wide-area connectivity, increased adoption of smart infrastructure, and the scalability of LPWAN technologies for diverse IoT deployments. As organizations across industries seek cost-efficient ways to digitize operations and collect real-time data, LoRaWAN stands out for its low operational costs, unlicensed spectrum use, and long battery life—enabling the deployment of large-scale sensor networks without frequent maintenance or high connectivity fees.

Government-backed smart city initiatives and utility modernization programs are among the biggest catalysts, particularly in regions like Europe, North America, and Asia-Pacific. In developing economies, LoRaWAN is gaining traction as a viable connectivity alternative where cellular networks are limited or prohibitively expensive. Moreover, the growing ecosystem of LoRaWAN-certified devices, platforms, and integrations is lowering the barrier to entry for IoT solution developers and enterprises. Partnerships between telecom operators, cloud service providers, and municipal agencies are accelerating the rollout of LoRaWAN-based infrastructure, further boosting market penetration. With its unique blend of long-range, low-power, and cost-effective connectivity, LoRa and LoRaWAN are well-positioned to dominate the future of scalable and sustainable IoT networks worldwide.

SCOPE OF STUDY:

The report analyzes the LoRa and LoRaWAN IoT market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Offering (Hardware, Platforms, Services); Network Deployment (Public, Private, Hybrid); Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Healthcare, Smart Agriculture & Livestock Management, Smart Utilities, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 34 Featured) -

• Actility
• Advantech
• Bosch Group
• Cisco Systems, Inc.
• Digi International
• Everynet
• Kerlink
• LORIOT
• MachineQ (Comcast)
• MultiTech Systems
• Murata Manufacturing
• NEC Corporation
• Orange SA
• OrbiWise
• RAKwireless
• Semtech Corporation
• Senet
• SK Telecom
• Tata Communications
• The Things Industries

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