Low Power Wide Area Network Market Size Hit USD 59.42 Billion at a CAGR of 52.91% in 2028 | LORIOT (Switzerland), Semtech Corporation (California)
The major contributing factor for the growth of the market for low power wide area network can be the growth of IoT/M2M. The majority of the enterprises today use IoT/M2M services to automate and manage communications between multiple devices.
Market Size –
USD 1.99 Billion in 2020, Market Growth - CAGR of 52.91%, Market Trends – rise
of advanced technologies, such as smart cities and smart buildings.
The Low
power wide area network market is expected to grow from USD 1.99
Billion in 2020 to USD 59.42 Billion by 2028, at a CAGR of 52.91% during the
forecast period. Increasing usage long range connectivity between devices,
increasing adoption of advanced technologies like, IoT and M2M, lesser power
consumption, lesser technology cost, increasing demand for connectivity in
various industries, rise of advanced technologies, such as smart cities and
smart buildings, and emergence of smart and intelligent devices are some of the
driving factors of the market.
The issues faced by enterprises data security concerns, no
governance of low power wide area network (LPWAN) services, increasing data
traffic due to increasing internet usage and no LPWAN standards. These may be
the major restraining factor for the low power wide area network market.
Players will require increased investments to tackle these
restraints and facilitate growth in the coming years. This report comprises
drivers, restraints, opportunities, and challenges pertaining to the Low power
wide area network market; and extensive value chain analysis, patent analysis,
analysis of the current manufacturing capability and technology status,
commercialization potential in different devices, along with market size
forecasts till 2026.
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Market Overview:
The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Automotive
Adaptive Headlight Market has
been segmented into key regions of the world and offers an analysis of growth
rate, market share, market size, current and emerging trends, production and
consumption ratio, industrial chain analysis, demand and supply, import and
export, revenue contribution, and presence of key players in each region. A
country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Automotive
Adaptive Headlight Market.
Further key findings from the report suggest
- The
Low power wide area network market is expected to grow from USD 1.99
Billion in 2020 to USD 59.42 Billion by 2028, at a CAGR of 52.91% during
the forecast period.
- The
major contributing factors for the growth of the market for Low power wide
area network can be increasing usage long range connectivity between
devices, increasing adoption of advanced technologies like, IoT and M2M,
lesser power consumption, lesser technology cost, increasing demand for
connectivity in various industries, rise of advanced technologies, such as
smart cities and smart buildings, and emergence of smart and intelligent
devices.
- The
Low power wide area network market is segmented by technology service into
managed services and professional services. Managed services mostly
dominate the market with a market share of approximately USD 0.8 Billion
in the base year, since they leverage partnerships with prime satellite
and mobile networks to offer high-end managed services to end user
application providers, system integrators, and end user clients.
- The
Low power wide area network market is segmented by network deployment into
public sector and private sector. Public sector is to witness highest
growth, at a CAGR of 53.1% in the forecast period, since it is used by
government enterprises, for instance, municipal corporation focuses on
developing their services such as, trash, parking, streetlights, water
meters and leak detectors, and more.
- The
Low power wide area network market is segmented by end user application
into smart waste management, smart buildings, smart gas and water
metering, smart streetlights, smart parking, livestock monitoring and
others. Smart gas and water metering dominates the market with a market
share of approximately USD 0.14 Billion in the base year, since LPWAN
helps the segment in greater standardization between different smart meter
manufacturers and vendors.
- The
Low power wide area network market is segmented by industry vertical into
agriculture, smart logistics and transportation, healthcare, industrial
manufacturing, oil and gas, consumer electronics and others. Oil and gas
segment is expected to witness the highest growth at a CAGR of 53.4% in
the forecast period, since the technology will provide the segment with
benefits such as plant automation, process optimization, supply chain
optimization, increased safety, integrated business processes, and corporate
social responsibility.
- The
Low power wide area network market is segmented by geography into North,
America, Europe, Asia Pacific and Rest of the World. The APAC region is
expected to grow at the highest CAGR of 54.1% during the forecast period,
since it is rapidly adopting M2M communication end user applications,
which adds to the growth of Low power wide area network market in this
region.
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Market can bring difference to your business strategy:- https://www.reportsanddata.com/report-detail/low-power-wide-area-network-market
For the purpose of this report, the market has been
segmented on the basis of transaction mode, payment nature, payment location,
purchase type, Industry vertical industry vertical and regional analysis.
- Technology
Service Outlook (Revenue, USD Million; 2018–2028)
- Managed
Services
- Professional
Services
- Network
Deployment Outlook (Revenue, USD Million; 2018–2028)
- Public
Sector
- Private
Sector
- End
user application Outlook (Revenue, USD Million; 2018–2028)
- Smart
waste management
- Smart
buildings
- Smart
Gas and Water Metering
- Smart
Streetlights
- Smart
Parking
- Livestock
Monitoring
- Others
- Industry
vertical Outlook (Revenue, USD; 2018-2026)
- Agriculture
- Smart
Logistic and Transportation
- Healthcare
- Industrial
Manufacturing
- Oil
and Gas
- Consumer
Electronics
- Others
- Regional
Outlook (Revenue, USD Million; 2018–2028)
- North
America
- US
- Canada
& Mexico
- Europe
- Germany
- France
- UK
- Rest
Of Europe
- Asia
Pacific
- China
- Japan
- South
Korea
- Rest
Of APAC
- RoW
- Middle
East & Africa
- South
America
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Key Advantages of Automotive
Adaptive Headlight Market Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Automotive
Adaptive Headlight industry
- Profiling
of key players along with their business overview, business strategies,
deals and partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Automotive Adaptive
Headlight Market are quantitatively as well qualitatively assessed to study the
global as well as regional market comparatively. This market study presents
critical information and factual data about the market providing an overall
statistical study of this market on the basis of market drivers, limitations
and its future prospects.
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