The North America LoRa and LoRaWAN IoT Market would witness market growth of 35.1% CAGR during the forecast period (2023-2030).
LoRa and LoRaWAN are low-power wide-area network (LPWAN) wireless communication network protocols and actors that operate in the unlicensed spectrum. Rising government expenditures and initiatives to establish LoRa and LoRaWAN IoT developments are the primary factor propelling the market's expansion. Governments have initiated smart city initiatives to improve urban infrastructure and services. LoRa and LoRaWAN technologies offer a cost-effective and scalable solution for various smart city applications, including waste management, smart lighting, parking, and environmental monitoring, fueling the market growth.
Long-range wireless communication is made possible by LoRa, which enables electronic devices to send data over distances of up to 10 kilometers in rural areas and several kilometers in urban areas. Applications that require vast coverage including smart cities, agricultural monitoring, and industrial monitoring are the ones that stand to benefit the most from this extended range. IoT devices can have longer battery lives since LoRa devices are built to consume less power than other similar technologies. To accomplish this low level of power consumption, business use modulation techniques that have been thoroughly optimized, as well as efficient utilization of the radio spectrum. It makes it possible to install Internet of Things systems in areas that are hard to reach or inaccessible and with power sources that are either limited or prohibitive.
The region has witnessed an increase in government incentives for using innovative agricultural technologies and infrastructure improvement. The National Institute of Food and Agriculture (NIFA), a branch of the "United States Department of Agriculture," implements geospatial, sensor, and precision technology projects to educate farmers. Additionally, NIFA collaborates with Land-Grand institutions to assist farmers in developing robust sensors, software, and tools for modeling, monitoring, and evaluating a vast array of complex biological materials and processes. Thus, the increasing use of high-tech technology and the growing popularity and support of the LoRa and LoRaWAN IoT in the agriculture sector to improve agricultural outcomes while taking fewer resources will contribute to the growth of the regional market.
The US market dominated the North America LoRa and LoRaWAN IoT Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,935 million by 2030. The Canada market is anticipated to grow at a CAGR of 38.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 37% during (2023 - 2030).
Based on End User, the market is segmented into Manufacturing, Retail, Transportation & Logistics, Energy & Utilities, Government & Public, Safety, Enterprise, Healthcare, Agriculture, Residential, Travel & Hospitality and Others. Based on Component, the market is segmented into Hardware, Platform and Services. Based on Application, the market is segmented into Industrial IoT, Smart Agriculture & Livestock Management, Smart Buildings, Smart Cities, Smart Healthcare, Asset Tracking and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide LoRa and LoRaWAN IoT Market is Projected to reach USD 48.4 Billion by 2030, at a CAGR of 36.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advantech Co., Ltd., NEC Corporation, Tata communications limited (Tata Group), Nwave Technologies, Inc., Semtech Corporation, Orange S.A., Bosch Sensortec GmbH (Robert Bosch GmbH), Amazon Web Services, Inc. (Amazon.com, Inc.), Datacake GmbH, and RAKwireless Technology Limited.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Manufacturing
- Retail
- Transportation & Logistics
- Energy & Utilities
- Government & Public Safety
- Enterprise
- Healthcare
- Agriculture
- Residential
- Travel & Hospitality
- Others
By Component
- Hardware
- Platform
- Services
By Application
- Industrial IoT
- Smart Agriculture & Livestock Management
- Smart Buildings
- Smart Cities
- Smart Healthcare
- Asset Tracking
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Advantech Co., Ltd.
- NEC Corporation
- Tata communications limited (Tata Group)
- Nwave Technologies, Inc.
- Semtech Corporation
- Orange S.A.
- Bosch Sensortec GmbH (Robert Bosch GmbH)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Datacake GmbH
- RAKwireless Technology Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America LoRa and LoRaWAN IoT Market, by End User
1.4.2 North America LoRa and LoRaWAN IoT Market, by Component
1.4.3 North America LoRa and LoRaWAN IoT Market, by Application
1.4.4 North America LoRa and LoRaWAN IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Jun – 2023, May) Leading Players
Chapter 4. North America LoRa and LoRaWAN IoT Market by End User
4.1 North America Manufacturing Market by Country
4.2 North America Retail Market by Country
4.3 North America Transportation & Logistics Market by Country
4.4 North America Energy & Utilities Market by Country
4.5 North America Government & Public Safety Market by Country
4.6 North America Enterprise Market by Country
4.7 North America Healthcare Market by Country
4.8 North America Agriculture Market by Country
4.9 North America Residential Market by Country
4.1 North America Travel & Hospitality Market by Country
4.11 North America Others Market by Country
Chapter 5. North America LoRa and LoRaWAN IoT Market by Component
5.1 North America Hardware Market by Country
5.2 North America Platform Market by Country
5.3 North America Services Market by Country
Chapter 6. North America LoRa and LoRaWAN IoT Market by Application
6.1 North America Industrial IoT Market by Country
6.2 North America Smart Agriculture & Livestock Management Market by Country
6.3 North America Smart Buildings Market by Country
6.4 North America Smart Cities Market by Country
6.5 North America Smart Healthcare Market by Country
6.6 North America Asset Tracking Market by Country
6.7 North America Others Market by Country
Chapter 7. North America LoRa and LoRaWAN IoT Market by Country
7.1 US LoRa and LoRaWAN IoT Market
7.1.1 US LoRa and LoRaWAN IoT Market by End User
7.1.2 US LoRa and LoRaWAN IoT Market by Component
7.1.3 US LoRa and LoRaWAN IoT Market by Application
7.2 Canada LoRa and LoRaWAN IoT Market
7.2.1 Canada LoRa and LoRaWAN IoT Market by End User
7.2.2 Canada LoRa and LoRaWAN IoT Market by Component
7.2.3 Canada LoRa and LoRaWAN IoT Market by Application
7.3 Mexico LoRa and LoRaWAN IoT Market
7.3.1 Mexico LoRa and LoRaWAN IoT Market by End User
7.3.2 Mexico LoRa and LoRaWAN IoT Market by Component
7.3.3 Mexico LoRa and LoRaWAN IoT Market by Application
7.4 Rest of North America LoRa and LoRaWAN IoT Market
7.4.1 Rest of North America LoRa and LoRaWAN IoT Market by End User
7.4.2 Rest of North America LoRa and LoRaWAN IoT Market by Component
7.4.3 Rest of North America LoRa and LoRaWAN IoT Market by Application
Chapter 8. Company Profiles
8.1 Orange S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.5 SWOT Analysis
8.2 Bosch Sensortec GmbH (Robert Bosch GmbH)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Product Launches and Product Expansions:
8.3.5 SWOT Analysis
8.4 NEC Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Advantech Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 Semtech Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Product development and engineering expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Mergers & Acquisitions:
8.7 Tata Communications Limited (Tata Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 Nwave Technologies, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Datacake GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. RAKwireless Technology Limited
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America LoRa and LoRaWAN IoT Market, 2019 - 2022, USD Million
TABLE 2 North America LoRa and LoRaWAN IoT Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– LoRa and LoRaWAN IoT Market
TABLE 4 Product Launches And Product Expansions– LoRa and LoRaWAN IoT Market
TABLE 5 Acquisition and Mergers– LoRa and LoRaWAN IoT Market
TABLE 6 North America LoRa and LoRaWAN IoT Market by End User, 2019 - 2022, USD Million
TABLE 7 North America LoRa and LoRaWAN IoT Market by End User, 2023 - 2030, USD Million
TABLE 8 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Government & Public Safety Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Government & Public Safety Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Enterprise Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Enterprise Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Travel & Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Travel & Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 30 North America LoRa and LoRaWAN IoT Market by Component, 2019 - 2022, USD Million
TABLE 31 North America LoRa and LoRaWAN IoT Market by Component, 2023 - 2030, USD Million
TABLE 32 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Platform Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Platform Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 38 North America LoRa and LoRaWAN IoT Market by Application, 2019 - 2022, USD Million
TABLE 39 North America LoRa and LoRaWAN IoT Market by Application, 2023 - 2030, USD Million
TABLE 40 North America Industrial IoT Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Industrial IoT Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Smart Agriculture & Livestock Management Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Smart Agriculture & Livestock Management Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Smart Buildings Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Smart Buildings Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Smart Cities Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Smart Cities Market by Country, 2023 - 2030, USD Million
TABLE 48 North America Smart Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Smart Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 50 North America Asset Tracking Market by Country, 2019 - 2022, USD Million
TABLE 51 North America Asset Tracking Market by Country, 2023 - 2030, USD Million
TABLE 52 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 53 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 54 North America LoRa and LoRaWAN IoT Market by Country, 2019 - 2022, USD Million
TABLE 55 North America LoRa and LoRaWAN IoT Market by Country, 2023 - 2030, USD Million
TABLE 56 US LoRa and LoRaWAN IoT Market, 2019 - 2022, USD Million
TABLE 57 US LoRa and LoRaWAN IoT Market, 2023 - 2030, USD Million
TABLE 58 US LoRa and LoRaWAN IoT Market by End User, 2019 - 2022, USD Million
TABLE 59 US LoRa and LoRaWAN IoT Market by End User, 2023 - 2030, USD Million
TABLE 60 US LoRa and LoRaWAN IoT Market by Component, 2019 - 2022, USD Million
TABLE 61 US LoRa and LoRaWAN IoT Market by Component, 2023 - 2030, USD Million
TABLE 62 US LoRa and LoRaWAN IoT Market by Application, 2019 - 2022, USD Million
TABLE 63 US LoRa and LoRaWAN IoT Market by Application, 2023 - 2030, USD Million
TABLE 64 Canada LoRa and LoRaWAN IoT Market, 2019 - 2022, USD Million
TABLE 65 Canada LoRa and LoRaWAN IoT Market, 2023 - 2030, USD Million
TABLE 66 Canada LoRa and LoRaWAN IoT Market by End User, 2019 - 2022, USD Million
TABLE 67 Canada LoRa and LoRaWAN IoT Market by End User, 2023 - 2030, USD Million
TABLE 68 Canada LoRa and LoRaWAN IoT Market by Component, 2019 - 2022, USD Million
TABLE 69 Canada LoRa and LoRaWAN IoT Market by Component, 2023 - 2030, USD Million
TABLE 70 Canada LoRa and LoRaWAN IoT Market by Application, 2019 - 2022, USD Million
TABLE 71 Canada LoRa and LoRaWAN IoT Market by Application, 2023 - 2030, USD Million
TABLE 72 Mexico LoRa and LoRaWAN IoT Market, 2019 - 2022, USD Million
TABLE 73 Mexico LoRa and LoRaWAN IoT Market, 2023 - 2030, USD Million
TABLE 74 Mexico LoRa and LoRaWAN IoT Market by End User, 2019 - 2022, USD Million
TABLE 75 Mexico LoRa and LoRaWAN IoT Market by End User, 2023 - 2030, USD Million
TABLE 76 Mexico LoRa and LoRaWAN IoT Market by Component, 2019 - 2022, USD Million
TABLE 77 Mexico LoRa and LoRaWAN IoT Market by Component, 2023 - 2030, USD Million
TABLE 78 Mexico LoRa and LoRaWAN IoT Market by Application, 2019 - 2022, USD Million
TABLE 79 Mexico LoRa and LoRaWAN IoT Market by Application, 2023 - 2030, USD Million
TABLE 80 Rest of North America LoRa and LoRaWAN IoT Market, 2019 - 2022, USD Million
TABLE 81 Rest of North America LoRa and LoRaWAN IoT Market, 2023 - 2030, USD Million
TABLE 82 Rest of North America LoRa and LoRaWAN IoT Market by End User, 2019 - 2022, USD Million
TABLE 83 Rest of North America LoRa and LoRaWAN IoT Market by End User, 2023 - 2030, USD Million
TABLE 84 Rest of North America LoRa and LoRaWAN IoT Market by Component, 2019 - 2022, USD Million
TABLE 85 Rest of North America LoRa and LoRaWAN IoT Market by Component, 2023 - 2030, USD Million
TABLE 86 Rest of North America LoRa and LoRaWAN IoT Market by Application, 2019 - 2022, USD Million
TABLE 87 Rest of North America LoRa and LoRaWAN IoT Market by Application, 2023 - 2030, USD Million
TABLE 88 Key Information – Orange S.A.
TABLE 89 Key Information – Bosch Sensortec GmbH
TABLE 90 Key Information – Amazon Web Services, Inc.
TABLE 91 KEY INFORMATION – NEC Corporation
TABLE 92 Key Information – Advantech Co., Ltd.
TABLE 93 Key information – Semtech Corporation
TABLE 94 Key Information – Tata Communications Limited
TABLE 95 Key Information – Nwave Technologies
TABLE 96 Key Information – Datacake GmbH
TABLE 97 Key Information – RAKwireless Technology Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Jun – 2023, May) Leading Players
FIG 6 North America LoRa and LoRaWAN IoT Market share by End User, 2022
FIG 7 North America LoRa and LoRaWAN IoT Market share by End User, 2030
FIG 8 North America LoRa and LoRaWAN IoT Market by End User, 2019 - 2030, USD Million
FIG 9 North America LoRa and LoRaWAN IoT Market share by Component, 2022
FIG 10 North America LoRa and LoRaWAN IoT Market share by Component, 2030
FIG 11 North America LoRa and LoRaWAN IoT Market by Component, 2019 - 2030, USD Million
FIG 12 North America LoRa and LoRaWAN IoT Market share by Application, 2022
FIG 13 North America LoRa and LoRaWAN IoT Market share by Application, 2030
FIG 14 North America LoRa and LoRaWAN IoT Market by Application, 2019 - 2030, USD Million
FIG 15 North America LoRa and LoRaWAN IoT Market share by Country, 2022
FIG 16 North America LoRa and LoRaWAN IoT Market share by Country, 2030
FIG 17 North America LoRa and LoRaWAN IoT Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: Orange S.A.
FIG 19 Swot analysis: Robert Bosch GmbH
FIG 20 SWOT analysis: Amazon.com, Inc.
FIG 21 SWOT Analysis: NEC Corporation
FIG 22 Recent strategies and developments: Advantech Co., Ltd.
FIG 23 Recent strategies and developments: Semtech Corporation