Low-Power WAN

Global Low-Power WAN Market to Reach US$293.2 Billion by 2030

The global market for Low-Power WAN estimated at US$31.0 Billion in the year 2024, is expected to reach US$293.2 Billion by 2030, growing at a CAGR of 45.4% over the analysis period 2024-2030. LoRaWAN, one of the segments analyzed in the report, is expected to record a 42.3% CAGR and reach US$104.1 Billion by the end of the analysis period. Growth in the NB-IoT segment is estimated at 42.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.5 Billion While China is Forecast to Grow at 54.6% CAGR

The Low-Power WAN market in the U.S. is estimated at US$8.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$71.3 Billion by the year 2030 trailing a CAGR of 54.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 38.6% and 42.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 40.0% CAGR.

Global Low-Power WAN Market - Key Trends & Drivers Summarized

Why Is Low-Power WAN Emerging as the Backbone of Massive IoT Connectivity?
Low-Power Wide-Area Networks (LPWANs) are transforming the Internet of Things (IoT) ecosystem by enabling efficient, long-range, low-bandwidth communication among thousands of connected devices. Designed for minimal power consumption and infrequent data transmission, LPWAN technologies are optimized for use cases that prioritize battery longevity and coverage over data throughput. This has positioned LPWANs as a core enabler of applications such as smart metering, asset tracking, precision agriculture, smart cities, environmental monitoring, and industrial IoT-sectors where sensors and endpoints must operate autonomously for extended periods in hard-to-reach locations.

As the global push toward digitalization accelerates, LPWAN adoption is surging, particularly in deployments where cellular networks are either cost-prohibitive or technically unsuitable. Technologies such as LoRa (Long Range), NB-IoT (Narrowband IoT), and Sigfox are providing scalable options for businesses and municipalities looking to deploy lightweight devices across geographically dispersed areas. Unlike Wi-Fi and traditional cellular, LPWANs are tailored for devices that require minimal data exchange but must remain operational for years on small batteries, making them ideal for low-maintenance, low-cost networked infrastructure.

How Are Protocol Innovations and Ecosystem Developments Shaping the Technology Landscape?
LPWAN architectures are evolving rapidly to support a broader range of use cases, enhance reliability, and facilitate integration into public and private infrastructure. LoRaWAN, for instance, is being increasingly deployed in smart city projects due to its flexibility, open standardization, and unlicensed spectrum use. LoRa gateways can cover 10-15 kilometers in rural environments and 2-5 kilometers in urban zones, offering a cost-effective backbone for sensor-based applications. The LoRa Alliance’s growing membership and the maturing LoRaWAN protocol stack are making integration and interoperability easier across industries.

On the cellular side, NB-IoT and LTE-M, which operate over licensed spectrum and are standardized by 3GPP, are seeing strong traction due to their compatibility with existing telecom infrastructure. NB-IoT is particularly suited for static applications like utility metering and pipeline monitoring, while LTE-M offers slightly higher data rates and supports mobility and voice features, making it suitable for wearables and logistics. Both standards support extended discontinuous reception (eDRX) and power saving mode (PSM), which extend battery life to 10+ years.

Emerging LPWAN deployments are also focusing on hybrid architectures-combining LPWAN with edge computing and AI to enable localized decision-making and reduced data transmission. Companies are introducing integrated system-on-chip (SoC) modules and multi-protocol chipsets to facilitate device interoperability across LoRa, Sigfox, and cellular LPWANs. Innovations in adaptive data rate (ADR) algorithms, over-the-air firmware updates, and encrypted payload transmission are further enhancing scalability, security, and resilience of LPWAN deployments in industrial settings.

Which Applications and Vertical Markets Are Driving Adoption Globally?
Utility sectors-especially water, gas, and electricity-are among the earliest adopters of LPWAN technologies due to the pressing need for scalable, low-cost remote meter reading. LPWAN-powered smart meters allow for real-time usage tracking, leakage detection, and predictive maintenance without requiring frequent manual intervention. In agriculture, LPWAN is powering soil sensors, irrigation controllers, and livestock trackers, enabling precision farming practices that reduce water usage, boost yield, and minimize environmental impact.

Logistics and supply chain management are embracing LPWAN for asset tracking, warehouse monitoring, and cold chain integrity. LPWAN tags and sensors help ensure traceability and temperature compliance in pharmaceuticals, food, and high-value cargo across global transit routes. Smart cities are deploying LPWAN for air quality monitoring, parking sensors, street lighting control, and waste bin level tracking, facilitating efficient urban resource management. Additionally, LPWAN is being utilized in industrial automation for condition monitoring, factory equipment tracking, and safety system integration.

The healthcare sector is also beginning to explore LPWAN for wearable medical devices and patient location tracking in eldercare facilities, where long battery life and non-intrusive monitoring are paramount. Retailers are experimenting with LPWAN-based electronic shelf labels and inventory trackers. From mining and oil & gas to campus security and wildlife conservation, the breadth of LPWAN use cases continues to expand, driven by the need for pervasive, low-energy connectivity in challenging environments.

What Is Fueling Growth in the Low-Power WAN Market Globally?
The growth in the global low-power WAN market is driven by several factors, including the explosion of IoT endpoints, demand for cost-effective long-range communication, and the evolution of standardized protocols enabling widespread adoption. LPWAN’s ability to operate in unlicensed or licensed spectrum with ultra-low power draw is fueling deployments across both urban and remote landscapes, where traditional broadband is impractical or uneconomical.

Public-private partnerships, government smart infrastructure initiatives, and industrial digitization strategies are further accelerating the rollout of LPWAN networks. Telecom operators are expanding NB-IoT and LTE-M coverage as part of their 5G strategies, while private LPWAN network operators and system integrators are developing turnkey solutions tailored to vertical-specific use cases. Additionally, cloud service providers and edge computing platforms are integrating LPWAN gateways and APIs to streamline data ingestion and analytics.

The falling cost of LPWAN modules-now available for under $5 in high volumes-combined with advances in battery chemistry and embedded software, is reducing the total cost of ownership and making LPWAN an attractive proposition for scaled deployments. As ecosystem maturity improves with global roaming agreements, cross-border data frameworks, and open device certification programs, LPWAN is evolving from niche deployments to foundational infrastructure supporting the world’s next billion IoT devices.

SCOPE OF STUDY:

The report analyzes the Low-Power WAN market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (LoRaWAN, NB-IoT, LTE-M, Other Types); Service (Professional Service, Managed Service); Application (Smart Cities Application, Smart Homes / Buildings Application, Smart Agriculture Application, Other Applications); End-User (Oil & Gas End-User, Consumer Electronics End-User, Healthcare End-User, Industrial Manufacturing End-User, Logistics & Travelling End-User, Other End-Users)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Actility
• Cisco Systems
• Comcast MachineQ
• Digi International
• Everynet
• Fujitsu
• Huawei Technologies
• Kerlink
• Libelium
• LORIOT
• MultiTech Systems
• Nwave Technologies
• Orange S.A.
• Qualcomm
• Semtech Corporation
• Senet Inc.
• Sierra Wireless (now part of Semtech)
• Sigfox (UnaBiz)
• Telensa
• Vodafone Group Plc

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher. Show more