LoRa LoRaWAN IoT Market Trends

ID: MRFR/ICT/10691-HCR

128 Pages

Shubham Munde

October 2025

LoRa and LoRaWAN IoT Market Research Report: Information By Offering (Hardware, Platform And Services), Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture And Livestock Management, Smart Buildings, Smart Healthcare And Other Applications), End User (Retail, Manufacturing, Transportation & Logistics, Agriculture, Healthcare, Energy & Utilities, Government & Public Safety, Enterprise, Residential, Travel & Hospitality) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Forecas... read more

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Market Trends

Key Emerging Trends in the LoRa LoRaWAN IoT Market

In a fast growing field like Long Range (LORA)and Long Range Wide Area Network (Lorawan) Internet Of Things(IOT), different companies use diverse strategies to increase their presence in the industry. This approach involves adopting new designs for existing products which are meant specifically for customers who deploy IoT applications so that they can meet specific demands presented by these clients about their technologies. This is achieved by taking advantage of the LoRa technology’s long range capability at low power required for effective IoT device control and management in the industrial sector.

Pricing is an important aspect that determines how much market share a business can capture within the Lora (Long Range) and Lorawan (Long Range Wide Area Network) internet of things (IoT) market. Some companies are using cost leadership strategies to offer cheaper LoRa (Long Range) and LoRaWan(Long Range Wide Area Network) products compared to those of their competitors which has made them successful in the market. These enterprises serve industries that are price-sensitive, aiming to increase their share by using competitive pricing strategies. On the other hand, some other companies have positioned themselves as premium providers with higher security levels and room for scalability while managing devices everywhere. Such firms target high-end buyers who require specialized Laura or LORA WAN solutions for their various smart buildings.

Collaborations and strategic partnerships emerge as critical components of market share positioning in the LoRa and LoRaWAN IoT Market. As such, many companies look up to IOT device manufacturers, systems integrators or telecommunication service providers for possible collaborations aimed at making it easier for them to integrate their own LORA and LAURA WAN into diverse ecosystems while still maintaining functional relevance within these areas. In turn, this leads to a wider variety of compatible devices, increased markets reach and customized requirements imposed by different sectors. In addition, establishing links with major players in specific industries through joint projects may give rise to steady revenue flows from contracts over extended periods thereby reinforcing their positions on a highly competitive market.

In the LoRa and LoRaWAN IoT Market, customer-centric strategies are the most important drivers for market share growth. Lasting relationships with industries deploying IoT solutions are built by companies that prioritize seamless connectivity, interoperability, and responsive customer support. Moreover, understanding and addressing specific industry IoT needs or use cases enable companies to tailor their LoRa and LoRaWAN solutions for targeted market segments, providing a competitive edge. Positive user experiences contribute to customer loyalty, word-of-mouth recommendations, and a positive feedback loop for market share expansion.

Market Highlights

Author

Shubham Munde

Research Analyst Level II

With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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FAQs

What is the current valuation of the LoRa and LoRaWAN IoT Market?

As of 2024, the LoRa and LoRaWAN IoT Market was valued at 9.418 USD Billion.

What is the projected market size for the LoRa and LoRaWAN IoT Market by 2035?

The market is projected to reach a valuation of 275.07 USD Billion by 2035.

What is the expected CAGR for the LoRa and LoRaWAN IoT Market during the forecast period?

The expected CAGR for the LoRa and LoRaWAN IoT Market from 2025 to 2035 is 35.9%.

Which companies are considered key players in the LoRa and LoRaWAN IoT Market?

Key players include Semtech Corporation, Cisco Systems Inc, The Things Industries, Actility, and Loriot AG.

What are the main segments of the LoRa and LoRaWAN IoT Market?

The main segments include Offering, Application, and End User.

How much was the hardware segment valued in 2024?

In 2024, the hardware segment was valued at 3.5 USD Billion.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future analysis, the LoRa and LoRaWAN IoT Market Size was estimated at 9.418 USD Billion in 2024. The LoRa and LoRaWAN IoT industry is projected to grow from USD 12.8 Billion in 2025 to USD 275.07 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 35.9% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The LoRa and LoRaWAN IoT market is experiencing robust growth driven by diverse applications and technological advancements.

The market is witnessing a growing adoption in smart cities, particularly in North America, which remains the largest market. Enhanced security features are becoming increasingly critical as organizations seek to protect their IoT networks. In the Asia-Pacific region, the expansion of agricultural applications is driving interest in smart agriculture and livestock management. Rising demand for smart infrastructure and the cost-effectiveness of LoRa technology are key drivers propelling market growth.

LoRa LoRaWAN IoT Market

CAGR

35.9%

Market Size & Forecast

2024 Market Size	9.418 (USD Billion)
2035 Market Size	275.07 (USD Billion)
CAGR (2025 - 2035)	35.9%
Largest Regional Market Share in 2024	North America

Major Players

<a href="https://www.semtech.com/">Semtech Corporation </a>(US), Cisco Systems Inc (US), The Things Industries (NL), Actility (FR), Loriot AG (CH), <a href="https://www.kerlink.com/">Kerlink SA</a> (FR), Senet Inc (US), OrbiWise SA (CH), Microchip Technology Inc (US)

Market Trends

The LoRa and LoRaWAN IoT Market is currently experiencing a notable evolution, driven by the increasing demand for low-power, wide-area network solutions. This technology is particularly appealing for applications in smart cities, agriculture, and industrial automation, where connectivity over long distances with minimal energy consumption is essential. As organizations seek to enhance operational efficiency and reduce costs, the adoption of LoRa and LoRaWAN technologies appears to be gaining momentum. Furthermore, the integration of these solutions with advanced analytics and artificial intelligence is likely to create new opportunities for innovation and growth within the sector. In addition, the regulatory landscape is evolving, with governments recognizing the potential of LoRa and LoRaWAN technologies to support various initiatives, such as environmental monitoring and public safety. This supportive environment may encourage further investment and development in the market. As the ecosystem matures, collaboration among stakeholders, including device manufacturers, network operators, and application developers, is expected to strengthen, fostering a more robust infrastructure. Overall, the LoRa and LoRaWAN IoT Market seems poised for continued expansion, driven by technological advancements and increasing awareness of the benefits these solutions offer.

Growing Adoption in Smart Cities

The integration of LoRa and LoRaWAN technologies in smart city initiatives is becoming increasingly prevalent. These solutions facilitate efficient management of urban resources, such as waste management and street lighting, by enabling real-time data collection and analysis. As cities strive for sustainability and improved quality of life, the demand for such technologies is likely to rise.

Enhanced Security Features

As concerns regarding data privacy and security intensify, the LoRa and LoRaWAN IoT Market is witnessing a shift towards enhanced security measures. Innovations in encryption and authentication protocols are being developed to protect sensitive information transmitted over these networks. This trend may bolster user confidence and drive further adoption.

Expansion in Agricultural Applications

The agricultural sector is increasingly leveraging LoRa and LoRaWAN technologies for precision farming. These solutions enable farmers to monitor soil conditions, crop health, and weather patterns remotely, leading to improved yields and resource management. The potential for increased efficiency in agriculture suggests a promising avenue for market growth.

LoRa LoRaWAN IoT Market Market Drivers

Integration with 5G Networks

The integration of LoRa technology with 5G networks is emerging as a significant driver for the LoRa and LoRaWAN IoT Market. As 5G networks roll out, they offer enhanced connectivity and speed, which can complement LoRa's long-range capabilities. This synergy allows for the development of hybrid solutions that leverage the strengths of both technologies. Analysts predict that the 5G IoT market will reach USD 1.5 trillion by 2030, indicating a substantial opportunity for LoRa and LoRaWAN technologies to integrate with next-generation networks. This integration could lead to innovative applications across various sectors, further propelling the growth of the LoRa and LoRaWAN IoT Market.

Cost-Effectiveness of LoRa Technology

The cost-effectiveness of LoRa technology serves as a significant driver for the LoRa and LoRaWAN IoT Market. Compared to traditional cellular networks, LoRa offers lower operational costs, making it an attractive option for businesses and municipalities. The technology's long-range capabilities allow for fewer gateways, reducing infrastructure expenses. Market analysis suggests that the total cost of ownership for LoRaWAN deployments can be up to 50% lower than that of cellular alternatives. This financial advantage is likely to encourage widespread adoption across various sectors, including logistics, healthcare, and environmental monitoring.

Rising Demand for Smart Infrastructure

The increasing emphasis on smart infrastructure is a pivotal driver for the LoRa and LoRaWAN IoT Market. As urbanization accelerates, cities are seeking innovative solutions to manage resources efficiently. LoRa technology facilitates the deployment of smart sensors that monitor traffic, energy consumption, and environmental conditions. According to recent data, the smart city market is projected to reach USD 2.57 trillion by 2025, indicating a substantial opportunity for LoRa and LoRaWAN technologies. This demand for interconnected systems is likely to propel the adoption of LoRa-based solutions, enhancing operational efficiency and sustainability in urban environments.

Advancements in Industrial IoT Applications

The advancements in industrial IoT applications are driving the growth of the LoRa and LoRaWAN IoT Market. Industries are increasingly adopting IoT solutions to enhance operational efficiency, reduce downtime, and improve asset management. LoRa technology's ability to connect numerous devices over long distances with minimal power consumption makes it particularly suitable for industrial environments. Reports indicate that the industrial IoT market is projected to reach USD 1.1 trillion by 2026, highlighting the potential for LoRa-based applications in sectors such as manufacturing, supply chain, and energy management. This trend suggests a robust future for LoRa and LoRaWAN technologies in industrial settings.

Growing Interest in Environmental Monitoring

The increasing focus on environmental monitoring is a crucial driver for the LoRa and LoRaWAN IoT Market. With rising concerns about climate change and pollution, organizations are investing in technologies that provide real-time data on air quality, water quality, and other environmental parameters. LoRa technology enables the deployment of low-power sensors that can operate in remote locations, facilitating extensive data collection. The environmental monitoring market is expected to grow significantly, with estimates suggesting a compound annual growth rate of over 10% through 2026. This trend presents a substantial opportunity for LoRa and LoRaWAN solutions to play a vital role in sustainability efforts.

Market Segment Insights

By Offering: Hardware (Largest) vs. Services (Fastest-Growing)

In the LoRa and LoRaWAN IoT Market, the 'Offering' segment is primarily dominated by hardware solutions, which hold the largest market share. This includes devices like gateways, sensors, and modules that are crucial for establishing a robust LoRa network. In contrast, the services segment, which encompasses installation, maintenance, and consulting, is witnessing rapid growth. This shift indicates an increasing reliance on service-oriented approaches in tandem with hardware solutions, driving the overall market dynamics forward. As the industry evolves, the focus is shifting towards integrated solutions that include both hardware and services. This trend is propelled by the growing demand for tailored IoT applications across various sectors, which in turn fuels investment in service-based offerings. Moreover, advancements in technology and increasing end-user engagement are further enhancing the service segment's growth potential, making services a key driver for the future of the LoRa and LoRaWAN IoT Market.

Hardware (Dominant) vs. Services (Emerging)

The hardware segment of the LoRa and LoRaWAN IoT Market is established as the dominant player, providing essential components necessary for network deployment. It encompasses a wide range of devices, from long-range sensors for agricultural applications to industrial gateways that facilitate <a href="https://www.marketresearchfuture.com/reports/data-transmission-service-market-35593" target="_blank" rel="noopener">data transmission</a> across vast areas. These hardware solutions are critical for building and maintaining efficient LoRa networks. Conversely, the services segment is emerging rapidly, focusing on value-added services such as device management, data analytics, and network optimization. As businesses increasingly seek to maximize the utility of their IoT investments, services are becoming vital. This segment not only supports hardware but also enhances its efficiency, bridging the gap between technology and practical application. As such, both segments play crucial yet distinct roles in shaping the future landscape of the market.

By Application: Asset Tracking (Largest) vs. Smart Agriculture and Livestock Management (Fastest-Growing)

In the LoRa and LoRaWAN IoT Market, asset tracking is the largest application segment, commanding a substantial share of the market due to its widespread use across various industries. Organizations leverage this technology for real-time tracking of valuable assets, minimizing losses and improving operational efficiency. Following closely is the <a href="https://www.marketresearchfuture.com/reports/smart-agriculture-farming-market-26509" target="_blank" rel="noopener">smart agriculture</a> and livestock management segment, which has been gaining traction as farmers adopt IoT solutions to enhance productivity and sustainability. The rising need for efficient resource management further propels this segment's growth.

Asset Tracking (Dominant) vs. Smart Agriculture and Livestock Management (Emerging)

Asset Tracking in the LoRa and LoRaWAN IoT Market is characterized by its crucial role in monitoring and managing physical assets across different sectors including logistics, retail, and manufacturing. It enhances visibility and enables informed decision-making by providing instant data about asset locations and conditions. Conversely, the Smart Agriculture and Livestock Management segment is emerging rapidly, driven by the increasing demand for precision farming techniques. This segment utilizes IoT sensors for monitoring soil health, crop conditions, and livestock welfare, thereby boosting productivity and promoting sustainable practices.

By End User: Retail (Largest) vs. Agriculture (Fastest-Growing)

The LoRa and LoRaWAN IoT Market demonstrates a diverse distribution across various end-user segments. Retail currently holds the largest share, driven by the integration of IoT technologies for various applications such as inventory management, customer engagement, and <a href="https://www.marketresearchfuture.com/reports/smart-payment-terminal-market-33372" target="_blank" rel="noopener">smart payment</a> systems. Following closely are sectors like Transportation & Logistics and Healthcare, which utilize IoT innovations to enhance operational efficiency and improve service delivery. On the other hand, Agriculture is recognized as the fastest-growing segment, propelled by the need for advanced solutions to monitor irrigation, soil conditions, and crop health. The increasing emphasis on precision farming and sustainable agriculture practices is further fueling growth in this sector. As technologies continue to advance, the adoption rates across all segments are expected to rise significantly, showcasing the market's dynamic nature.

Retail (Dominant) vs. Agriculture (Emerging)

In the LoRa and LoRaWAN IoT Market, Retail stands as the dominant end-user segment due to its widespread implementation of IoT solutions aimed at streamlining operations and enhancing customer experience. Retailers leverage these technologies for inventory tracking, location-based services, and improved supply chain management. This dominance is reinforced by significant investments in smart stores and connected devices. Conversely, Agriculture is positioned as an emerging segment, rapidly gaining traction through IoT applications that facilitate smarter farming practices. The integration of sensors and analytics in agriculture not only enhances productivity but also supports environmental sustainability measures. As more agricultural players adopt IoT technologies, this segment is expected to experience exponential growth, highlighting a shift toward technology-driven farming.

Get more detailed insights about LoRa and LoRaWAN IoT Market Research Report - Forecast till 2035

Regional Insights

North America : Innovation and Adoption Leader

North America is the largest market for LoRa and LoRaWAN IoT technologies, holding approximately 45% of the global market share. The region's growth is driven by increasing demand for smart city solutions, agricultural monitoring, and industrial automation. Regulatory support from government initiatives, such as the Federal Communications Commission's (FCC) policies on unlicensed spectrum use, further catalyzes market expansion. The United States leads the North American market, with significant contributions from Canada. Key players like Semtech Corporation and Cisco Systems Inc. are at the forefront, driving innovation and deployment of LoRaWAN solutions. The competitive landscape is characterized by a mix of established companies and emerging startups, all vying to capture the growing demand for IoT connectivity solutions.

Europe : Emerging Market with Regulations

Europe is the second-largest market for LoRa and LoRaWAN IoT technologies, accounting for approximately 30% of the global market share. The region's growth is propelled by stringent regulations aimed at enhancing connectivity and sustainability. The European Union's initiatives, such as the European Green Deal, promote the adoption of IoT solutions in various sectors, including energy and transportation, thereby driving demand for LoRaWAN technologies. Leading countries in Europe include Germany, France, and the Netherlands, where companies like The Things Industries and Actility are making significant strides. The competitive landscape is robust, with numerous players focusing on innovative solutions tailored to meet regulatory requirements. This environment fosters collaboration between public and private sectors, enhancing the overall market dynamics.

Asia-Pacific : Rapid Growth and Adoption

Asia-Pacific is witnessing rapid growth in the LoRa and LoRaWAN IoT market, holding approximately 20% of the global market share. The region's expansion is driven by increasing urbanization, government initiatives promoting smart cities, and the rising demand for efficient agricultural solutions. Countries like China and India are at the forefront, supported by favorable regulations that encourage IoT deployment across various sectors. China is the leading country in the region, with significant investments in IoT infrastructure. The competitive landscape features a mix of local and international players, including Microchip Technology Inc. and Loriot AG. The presence of key players and a growing ecosystem of startups contribute to a vibrant market, fostering innovation and collaboration in the IoT space.

Middle East and Africa : Untapped Potential and Growth

The Middle East and Africa region is gradually emerging in the LoRa and LoRaWAN IoT market, currently holding about 5% of the global market share. The growth is driven by increasing investments in smart city projects and the need for efficient resource management in sectors like agriculture and energy. Governments are beginning to recognize the potential of IoT technologies, leading to supportive policies that encourage market development. Leading countries in this region include South Africa and the United Arab Emirates, where initiatives are being launched to enhance connectivity and infrastructure. The competitive landscape is still developing, with a mix of local startups and international players like Kerlink SA and Senet Inc. entering the market, creating opportunities for growth and innovation.

Key Players and Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the LoRa and LoRaWAN IoT market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, LoRa and LoRaWAN IoT industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global LoRa and LoRaWAN IoT industry to benefit clients and increase the market sector. In recent years, the LoRa and LoRaWAN IoT industry has offered some of the most significant advantages to medicine.
Major players in the LoRa and LoRaWAN IoT market, including Cisco (US), NEC Corporation (Japan), Tata Communications (India), Semtech (US), Orange SA (France), Advantech (Taiwan), Comcast (US), AWS (US), Bosch (Germany), Murata (Japan), Laird Connectivity (US), Kerlink (France), Senet (US), Actility (France), Sensoterra (Netherlands), DIGI International (US), Nwave Technologies (UK), RAKwireless (China), thethings.io (Spain), Datacake (Germany), MultiTech (US), Milesight (China), LORAIOT (Switzerland), Exosite (US), OrbiWise (Switzerland) and others, are attempting to increase market demand by investing in research and development operations.
An important tech company with its headquarters in San Jose, Cisco Systems is known for producing a sizable chunk of the hardware that powers the operation of the Internet. Since its founding in 1984, Cisco has greatly increased the scope of its business by purchasing a number of profitable companies, including but not limited to Jabber, Webex, and Jasper. The business is divided into three main segments: Europe, the Middle East, and Africa (EMEA); the Americas; and Asia Pacific, Japan, and China (APJC). The corporation operates on a global scale and controls its activities by geographical regions.
In addition to Internet for the Future, Secure, Agile Networks, Collaboration, Optimized Application Experiences, End-to-End Security, and Other Products, Cisco's range of products and technologies can be divided into other groups. Cisco provides a wide range of services in addition to its product line, such as technical assistance and cutting-edge solutions.
The headquarters of NEC Corporation are located in Tokyo, Japan, and it was founded in 1899. The company offers a wide range of products in its product portfolio, including servers, network systems, telecommunications equipment, storage devices, automated teller machines, video broadcasting systems, personal computers, supercomputers, aerospace systems, tablet terminals, fire and disaster prevention systems, and different software solutions. NEC further sells electrical parts and goods such LCD screens, lithium-ion batteries, and lighting fixtures.
NEC offers a wide range of services, including support, system integration, and outsourcing, in addition to its products. The firm serves a variety of markets, including those in the aerospace, aviation, healthcare, retail, agriculture, broadcasting, finance, logistics, government, manufacturing, hospitality, transportation, and telecommunications. With locations across the globe, including Europe, the Americas, the Middle East, Africa, and the Asia-Pacific area, NEC conducts business.

Key Companies in the LoRa LoRaWAN IoT Market include

Industry Developments

In June 2023, Omdia's most recent study revealed that NB-IoT and LoRa are the primary technologies in the Low Power Wide Area Network (LPWAN) IoT connections market, making about 87% of all connections in 2023. These two technologies are expected to continue dominating the LPWAN market, accounting for 86% of all connections by 2030. Although NB-IoT experiences substantial growth mostly because to its widespread adoption in China, LoRaWAN dominates in most other geographical areas. Both technologies are well-suited for the current need of mid-range IoT applications, which guarantees their continued dominance in the LPWAN industry.

LoRa is anticipated to maintain its status as the primary option for private IoT connections, while NB-IoT will grow through cost-effective deployments. Both technologies are projected to continue succeeding until 2030. While NB-IoT stands as the dominant LPWAN technology, more than 90% of its connections are concentrated in China. LoRaWAN continues to be the dominant LPWAN connectivity technology worldwide, since it has shown significant and uninterrupted growth for several years. LoRaWAN, characterized by its collaborative approach, offers a well-developed network of partners and specialists who specialize in specific applications, giving clients a wide range of choices.

The future prosperity of the company is certain due to its unique and distinct offers. Emerging LPWAN technologies like as Wi-SUN and Mioty are experiencing growth, adopting the successful alliance model that LoRa originally pioneered to foster an ecosystem.

In September 2023, a pioneering partnership was formed between prominent companies in the LPWAN industry and members of the LoRa Alliance®. Semtech, Actility, Arad, and Deviceroy successfully implemented and tested the world's first commercial application of the relay feature, which utilizes LoRaWAN connectivity. The test demonstrated seamless interoperability throughout the entire process. This innovative development allows LoRaWAN packets from distant, secluded, or difficult to access devices to be transmitted using relay nodes powered by batteries. This coverage extension is offered through an affordable option that reduces the overall cost of owning and operating the LoRaWAN infrastructure.

The introduction of the relay feature in LoRaWAN-based applications, such as water, gas, and electricity metering, is expected to have a significant impact. This feature will provide cost-effective and unmatched coverage for all devices within a specific area, meeting the high standards set by service level agreements. The LoRa Alliance is a non-profit organization that aims to facilitate and encourage the worldwide use of the LoRaWAN standard.

Participants engage in a dynamic network of manufacturers, providers, integrators, and operators, working together to ensure that IoT may be expanded worldwide by enabling compatibility across all types of networks, including public, private, and hybrid ones. Importantly, the LoRa Alliance defines the relay capability using LoRaWAN as a fundamental component of the LoRaWAN standard. This invention is in line with the LoRa Alliance's dedication to promote and establish LoRaWAN-based technology as a standard to address the changing requirements of the Internet of Things (IoT) industry.

Future Outlook

LoRa LoRaWAN IoT Market Future Outlook

The LoRa and LoRaWAN IoT Market is projected to grow at a 35.9% CAGR from 2025 to 2035, driven by increased demand for smart city solutions and industrial automation.

New opportunities lie in:

Development of smart agriculture monitoring systems
Integration of LoRaWAN with renewable energy management
Expansion of urban infrastructure with smart waste management solutions

By 2035, the market is expected to be robust, driven by innovative applications and widespread adoption.

Market Segmentation

LoRa LoRaWAN IoT Market End User Outlook

Retail
Manufacturing
Transportation & Logistics
Agriculture
Healthcare
Energy & Utilities
Government & Public Safety
Enterprise
Residential
Travel & Hospitality
Other

LoRa LoRaWAN IoT Market Offering Outlook

Hardware
Platform
Services

LoRa LoRaWAN IoT Market Application Outlook

Asset Tracking
Industrial IoT
Smart Cities
Smart Agriculture and Livestock Management
Smart Buildings
Smart Healthcare
Other Applications

Report Scope

MARKET SIZE 2024	9.418(USD Billion)
MARKET SIZE 2025	12.8(USD Billion)
MARKET SIZE 2035	275.07(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	35.9% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Semtech Corporation (US), Cisco Systems Inc (US), The Things Industries (NL), Actility (FR), Loriot AG (CH), Kerlink SA (FR), Senet Inc (US), OrbiWise SA (CH), Microchip Technology Inc (US)
Segments Covered	Offering, Region
Key Market Opportunities	Expansion of smart city initiatives driving demand for LoRa and LoRaWAN IoT solutions.
Key Market Dynamics	Rising demand for low-power wide-area networks drives innovation and competition in the LoRa and LoRaWAN IoT market.
Countries Covered	North America, Europe, APAC, South America, MEA