Market Overview:
The global low power IoT market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low power IoT devices across different applications such as intelligent agriculture, digital health, intelligent home furnishing, energy management and others. Additionally, the growing demand for connected devices and rising number of smart cities are also contributing significantly to the growth of this market. NB-IoT is expected to hold a major share in the global low power IoT market during the forecast period owing to its ability to provide high-quality services with lower latency and extended battery life as compared LoRa and LTE-M technologies. Asia Pacific is estimated to be fastest growing region in terms of CAGR during the forecast period followed by Europe due increased adoption of NB-IoT technology in these regions.
Product Definition:
Low Power IoT is an umbrella term for devices and applications that consume very little power, often using battery or solar energy. These devices may include sensors, actuators, and embedded processors that communicate with one another over a network to collect or act upon data. Low Power IoT has the potential to revolutionize many industries by making it possible to gather data and take action in near real-time without having to worry about battery life or grid power.
NB-IoT:
The NB-IoT is a low power wide area network technology that provides coverage for up to 508 mbps. It can penetrate deep underground and concrete structures, where other technologies fail. The technology has been designed primarily for applications requiring high bandwidth at low power, such as smart metering and building automation systems.
LoRa:
LoRa is an open-source software development platform that facilitates the rapid prototyping of IoT devices. It also helps in reducing time to market and provides a flexible, scalable, and economical solution for connected devices. The technology has been gaining popularity owing to its ability to provide secure connectivity over long distances with low power consumption as compared to other technologies such as Bluetooth or ZigBee.
Application Insights:
The global low power IoT market has been classified into nine segments based on applications, namely, intelligent agriculture, digital health, intelligent home furnishing, energy management & conservation, other applications (logistics), automotive & transportation systems connectivity and others. The digital health segment is expected to witness the highest CAGR over the forecast period owing to increasing demand for connected healthcare devices.
The growing need for smart energy grids and buildings that are capable of managing their own energy consumption is anticipated to drive the growth of the overall industry over the forecast period. Furthermore, NB-IoT technology offers enhanced data rates as compared with its predecessors due to increased channel capacity and reduced interference from other wireless networks or transmitters operating in close proximity. This will help enterprises adopt this technology more readily than before so as to offer enhanced services across various industries such as utilities and IT at a lower cost while improving communication quality between end-user devices such as smartphones or wearables etc., thereby driving growth further.
Regional Analysis:
The Asia Pacific region is anticipated to emerge as the fastest-growing market over the forecast period. The growth can be attributed to increasing adoption of low power IoT technologies in industrial, commercial, and residential applications across countries such as China and Japan. Moreover, rising demand for connected cars in countries such as India is expected to drive regional market growth over the next eight years.
North America accounted for a significant revenue share owing to early adoption of LoRaWAN technology that supports long-range communication at lower power consumption compared with other technologies such as Bluetooth or ZigBee. In addition, presence of major players offering end-to-end solutions for Low Power Wide Area Networks (LPWAN) based on standardized protocols including 3GPP standardization workgroup has driven industry development within this region since 2014.
Growth Factors:
- Proliferation of low-power processors and microcontrollers: Low-power processors and microcontrollers are becoming more ubiquitous, with a wider range of applications. This is driving down the cost of low-power IoT devices, making them more affordable for consumers and businesses.
- Advances in wireless technologies: Wireless technologies are evolving rapidly, with new standards such as 5G being developed to support the increased data traffic from low-power IoT devices. This is enabling faster communication between devices and reducing power consumption, making it easier to deploy large numbers of low-power IoT devices over a wide area.
- Growth in cloud computing: Cloud computing is providing a platform for managing large numbers of low-power IoT devices effectively and efficiently. It also allows data collected by these devices to be processed and analyzed quickly, helping businesses make better decisions about how to use this data for their benefit.
- Development of artificial intelligence (AI): AI is being used increasingly in conjunction with big data analytics to help make sense of the huge volumes of data generated by low-power IoT devices. This can help businesses identify patterns and trends that would otherwise be difficult to detect without AI’s assistance
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Power IoT Market Research Report
By Type
NB-IoT, LoRa, LTE-M
By Application
Intelligent Agriculture, Digital Health, Intelligent Home Furnishing, Energy Management, Other
By Companies
Arkessa, Emnify, Ingenu, Sierra Wireless, Sigfox, Semtech, Cisco, AT＆T, Huawei, u-blox, Microchip Technology, Thingstream, Silicon Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Low Power IoT Market Report Segments:
The global Low Power IoT market is segmented on the basis of:
Types
NB-IoT, LoRa, LTE-M
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Intelligent Agriculture, Digital Health, Intelligent Home Furnishing, Energy Management, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkessa
- Emnify
- Ingenu
- Sierra Wireless
- Sigfox
- Semtech
- Cisco
- AT＆T
- Huawei
- u-blox
- Microchip Technology
- Thingstream
- Silicon Laboratories
Highlights of The Low Power IoT Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NB-IoT
- LoRa
- LTE-M
- By Application:
- Intelligent Agriculture
- Digital Health
- Intelligent Home Furnishing
- Energy Management
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Power IoT Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low power IoT is a subset of the IoT market that focuses on devices with limited battery life or those that consume low amounts of power. These devices can be used in applications such as smart homes, health care, and industrial settings.
Some of the major players in the low power iot market are Arkessa, Emnify, Ingenu, Sierra Wireless, Sigfox, Semtech, Cisco, AT＆T, Huawei, u-blox, Microchip Technology, Thingstream, Silicon Laboratories.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Power IoT Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Power IoT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Power IoT Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Power IoT Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Power IoT Market Size & Forecast, 2018-2028
4.5.1 Low Power IoT Market Size and Y-o-Y Growth
4.5.2 Low Power IoT Market Absolute $ Opportunity
Chapter 5 Global Low Power IoT Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Power IoT Market Size Forecast by Type
5.2.1 NB-IoT
5.2.2 LoRa
5.2.3 LTE-M
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Power IoT Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Power IoT Market Size Forecast by Applications
6.2.1 Intelligent Agriculture
6.2.2 Digital Health
6.2.3 Intelligent Home Furnishing
6.2.4 Energy Management
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Power IoT Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Power IoT Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Power IoT Analysis and Forecast
9.1 Introduction
9.2 North America Low Power IoT Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Power IoT Market Size Forecast by Type
9.6.1 NB-IoT
9.6.2 LoRa
9.6.3 LTE-M
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Power IoT Market Size Forecast by Applications
9.10.1 Intelligent Agriculture
9.10.2 Digital Health
9.10.3 Intelligent Home Furnishing
9.10.4 Energy Management
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Power IoT Analysis and Forecast
10.1 Introduction
10.2 Europe Low Power IoT Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Power IoT Market Size Forecast by Type
10.6.1 NB-IoT
10.6.2 LoRa
10.6.3 LTE-M
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Power IoT Market Size Forecast by Applications
10.10.1 Intelligent Agriculture
10.10.2 Digital Health
10.10.3 Intelligent Home Furnishing
10.10.4 Energy Management
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Power IoT Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Power IoT Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Power IoT Market Size Forecast by Type
11.6.1 NB-IoT
11.6.2 LoRa
11.6.3 LTE-M
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Power IoT Market Size Forecast by Applications
11.10.1 Intelligent Agriculture
11.10.2 Digital Health
11.10.3 Intelligent Home Furnishing
11.10.4 Energy Management
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Power IoT Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Power IoT Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Power IoT Market Size Forecast by Type
12.6.1 NB-IoT
12.6.2 LoRa
12.6.3 LTE-M
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Power IoT Market Size Forecast by Applications
12.10.1 Intelligent Agriculture
12.10.2 Digital Health
12.10.3 Intelligent Home Furnishing
12.10.4 Energy Management
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Power IoT Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Power IoT Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Power IoT Market Size Forecast by Type
13.6.1 NB-IoT
13.6.2 LoRa
13.6.3 LTE-M
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Power IoT Market Size Forecast by Applications
13.10.1 Intelligent Agriculture
13.10.2 Digital Health
13.10.3 Intelligent Home Furnishing
13.10.4 Energy Management
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Power IoT Market: Competitive Dashboard
14.2 Global Low Power IoT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkessa
14.3.2 Emnify
14.3.3 Ingenu
14.3.4 Sierra Wireless
14.3.5 Sigfox
14.3.6 Semtech
14.3.7 Cisco
14.3.8 AT＆T
14.3.9 Huawei
14.3.10 u-blox
14.3.11 Microchip Technology
14.3.12 Thingstream
14.3.13 Silicon Laboratories
