Global Low Power Wide Area Network Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Connectivity Technology;

Sigfox, Lorawan, Weightless, and Others.

By Technology Service;

Professional Services and Managed Services.

By Network Deployment;

Private Sector and Public Sector.

By Application;

Smart Waste Management, Smart Parking, Smart Streetlights, and Smart Buildings

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn115731738 Published Date: May, 2025 Updated Date: June, 2025

Low Power Wide Area Network Market Overview

Low Power Wide Area Network Market (USD Million)

Low Power Wide Area Network Market was valued at USD 97,063.49 million in the year 2024. The size of this market is expected to increase to USD 4,218,243.32 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 71.4%.


Global Low Power Wide Area Network Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 71.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)71.4 %
Market Size (2024)USD 97,063.49 Million
Market Size (2031)USD 4,218,243.32 Million
Market ConcentrationLow
Report Pages337
97,063.49
2024
4,218,243.32
2031

Major Players

  • Semtech Corporation
  • Loriot
  • Nwave Technologies
  • Sigfox
  • Waviot
  • Actility
  • Ingenu
  • Link Labs, Inc.
  • Weightless SIG
  • Senet, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Low Power Wide Area Network Market

Fragmented - Highly competitive market without dominant players


The Low Power Wide Area Network (LPWAN) Market is gaining traction due to the increasing demand for cost-effective and energy-efficient connectivity across extensive networks. LPWANs support long-range communication at low bit rates, making them ideal for IoT-based applications in smart cities, logistics, and agriculture. The technology ensures minimal power consumption, significantly extending battery life, which is crucial for remote sensors and devices.

Adoption Across Use Cases
The market is driven by rising adoption of LPWAN in M2M and IoT solutions, where efficient data transmission is critical. LPWAN enables connectivity for devices where traditional mobile networks fall short. It supports applications that require low data throughput but high coverage, leading to improved device network longevity by up to 60%.

Technology Advancements
Advancements in LPWAN protocols such as LoRaWAN and NB-IoT have amplified deployment opportunities. These protocols enable secure and scalable connectivity with energy consumption reduced by over 50%. The integration of LPWAN with cloud platforms also supports streamlined device management, real-time analytics, and enhanced interoperability.

Growth Catalysts and Innovation
Key innovation drivers include expanding smart infrastructure, automated systems, and the shift toward low-bandwidth long-distance communications. With device connectivity demand increasing by over 70%, LPWAN is positioned as a backbone for next-generation IoT ecosystems that demand long battery life, cost efficiency, and wide-area coverage.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Connectivity Technology
    2. Market Snapshot, By Technology Service
    3. Market Snapshot, By Network Deployment
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Low Power Wide Area Network Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. IoT proliferation
        2. Cost-effective connectivity
        3. Long battery life
        4. Industry 4.0 adoption
      2. Restraints
        1. Security concerns
        2. Network interoperability
        3. Regulatory challenges
      3. Opportunities
        1. Smart city initiatives
        2. Healthcare applications
        3. Agriculture automation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Low Power Wide Area Network Market, By Connectivity Technology, 2021 - 2031 (USD Million)
      1. Sigfox
      2. Lorawan
      3. Weigthless
      4. Others
    2. Low Power Wide Area Network Market, By Technology Service, 2021 - 2031 (USD Million)
      1. Professional Services
      2. Managed Services
    3. Low Power Wide Area Network Market, By Network Deployment, 2021 - 2031 (USD Million)

      1. Private Sector

      2. Public Sector

    4. Low Power Wide Area Network Market, By Application, 2021 - 2031 (USD Million)
      1. Smart Waste Management
      2. Smart Parking
      3. Smart Streetlights
      4. Smart Buildings
    5. Low Power Wide Area Network Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Semtech Corporation
      2. Loriot
      3. Nwave Technologies
      4. Sigfox
      5. Waviot
      6. Actility
      7. Ingenu
      8. Link Labs, Inc.
      9. Weightless SIG
      10. Senet, Inc.
  7. Analyst Views
  8. Future Outlook of the Market