Market Overview:
LPWAN technology is used to connect low-power devices over a wide area network. LPWAN technology has gained popularity in the consumer IoT market due to its ability to provide long-range connectivity and low power consumption. The global LPWAN in the consumer IoT market size is expected to grow at a CAGR of 33.5% from 2018 to 2030. The growth of the global LPWAN in the consumer IoT market can be attributed to the increasing demand for smart home applications and wearable devices. The LTE-M segment is expected to dominate the global LPWAN in the consumer IoT market during the forecast period, owing to its high data rate and low latency characteristics.
Product Definition:
LPWAN is a type of wireless network designed to connect low-power devices over long distances. It is important in the Consumer IoT because it can be used to connect devices that need to send and receive data over long distances, such as smart home appliances, wearables, and sensors.
Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027:
Global LPWAN in the Consumer IoT market size was valued at USD 6.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 38.7% from 2020 to 2027. Low power Wide Area Network (LPWAN) technology has been gaining popularity as it enables efficient connectivity among devices over an extensive area using less energy as compared to traditional technologies, such as Wi-Fi and Bluetooth.
LTE-M:
LTE-M is a radio technology developed by the LTE Association to support Machine-to-Machine (M2M) communication. It enables devices to communicate with each other and with the network using only one carrier for data and voice communications. The technology provides services such as location, security, authentication, & privacy in an M2M environment.
Application Insights:
The global LPWAN in the consumer IoT market is segmented by application into smart home, wearable device and others. The smart home segment dominated the market with a share of over 40% in 2021 owing to increasing adoption of connected devices at homes such as security systems, lighting systems, temperature controls and entertainment centers. The growing need for energy-efficient products that can monitor and control household appliances has also driven their demand globally.
The wearable device segment is expected to witness significant growth over the forecast period due to rising demand for health monitoring applications across various end-use industries such as healthcare, sports & fitness tracking etc. Furthermore, increasing usage of activity trackers worldwide has increased product demand globally since 2016.
Regional Analysis:
North America dominated the market in terms of revenue share in 2018. The growth can be attributed to the presence of key companies such as AT&T, Cisco Systems, Google Inc., and Verizon Communications Inc. These companies are investing heavily in IoT-based solutions and applications development for consumer electronics devices and other smart devices. Moreover, increasing adoption of smartphones with integrated LPWAN technologies is expected to drive regional market growth over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising demand for low power consuming connected devices such as wearables & fitness monitors along with rapid urbanization & industrialization across countries such as China, Japan, South Korea etc.). In addition, growing penetration of cellular network operators supporting global LPWAN standards (LTE-M) has further propelled regional market expansion opportunities for IoT based services providers across various verticals including manufacturing sector (automotive), utilities sector (energy), transportation sector (public transport), amongst others).
Growth Factors:
- LPWAN technology is becoming more affordable and easier to deploy, which is making it an attractive option for smaller businesses and consumers.
- LPWAN networks are well-suited for connecting devices that need to transmit data over long distances or in remote areas, making them ideal for a wide range of IoT applications.
- LPWANs offer lower power consumption than traditional cellular networks, which makes them better suited for battery-powered devices.
- The growing number of LPWAN providers and the increasing availability of supporting infrastructure is helping to drive wider adoption of the technology.
- As the market for Consumer IoT grows, more businesses will begin to see the value in using LPWANs to connect their products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
LPWAN in the Consumer IoT Market Research Report
By Type
Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027, LTE-M, NB-loT, LoRaWAN
By Application
Smart Home, Wearable Device
By Companies
Alibaba Cloud, AT&T, China Telecom, China Unicom, GSMA, LoRa Alliance, SigFox, Senet, Semtech, T-Mobile
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global LPWAN in the Consumer IoT Market Report Segments:
The global LPWAN in the Consumer IoT market is segmented on the basis of:
Types
Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027, LTE-M, NB-loT, LoRaWAN
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
Smart Home, Wearable Device
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:
- Alibaba Cloud
- AT&T
- China Telecom
- China Unicom
- GSMA
- LoRa Alliance
- SigFox
- Senet
- Semtech
- T-Mobile
Highlights of The LPWAN in the Consumer 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:
- Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
- LTE-M
- NB-loT
- LoRaWAN
- By Application:
- Smart Home
- Wearable Device
- 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 LPWAN in the Consumer 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
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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?
LPWAN stands for Low Power Wide Area Network. LPWAN is a type of wireless network that uses low power and short range to connect devices in a large area. LPWAN can be used to connect sensors, smart meters, and other devices in the home or office.
Some of the major players in the lpwan in the consumer iot market are Alibaba Cloud, AT&T, China Telecom, China Unicom, GSMA, LoRa Alliance, SigFox, Senet, Semtech, T-Mobile.
The lpwan in the consumer iot market is expected to grow at a compound annual growth rate of 33.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LPWAN in the Consumer 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 LPWAN in the Consumer IoT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LPWAN in the Consumer 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 LPWAN in the Consumer 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 LPWAN in the Consumer IoT Market Size & Forecast, 2020-2028
4.5.1 LPWAN in the Consumer IoT Market Size and Y-o-Y Growth
4.5.2 LPWAN in the Consumer IoT Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
5.2.2 LTE-M
5.2.3 NB-loT
5.2.4 LoRaWAN
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Smart Home
6.2.2 Wearable Device
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LPWAN in the Consumer 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 LPWAN in the Consumer 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
9.6.2 LTE-M
9.6.3 NB-loT
9.6.4 LoRaWAN
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 Market Size Forecast by Applications
9.10.1 Smart Home
9.10.2 Wearable Device
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
10.6.2 LTE-M
10.6.3 NB-loT
10.6.4 LoRaWAN
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 Market Size Forecast by Applications
10.10.1 Smart Home
10.10.2 Wearable Device
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
11.6.2 LTE-M
11.6.3 NB-loT
11.6.4 LoRaWAN
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 Market Size Forecast by Applications
11.10.1 Smart Home
11.10.2 Wearable Device
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
12.6.2 LTE-M
12.6.3 NB-loT
12.6.4 LoRaWAN
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 Market Size Forecast by Applications
12.10.1 Smart Home
12.10.2 Wearable Device
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Global LPWAN in the Consumer IoT Market Size Growth Rate by Technical Type: 2016 VS 2021 VS 2027
13.6.2 LTE-M
13.6.3 NB-loT
13.6.4 LoRaWAN
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) Market Size Forecast by Applications
13.10.1 Smart Home
13.10.2 Wearable Device
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 LPWAN in the Consumer IoT Market: Competitive Dashboard
14.2 Global LPWAN in the Consumer IoT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alibaba Cloud
14.3.2 AT&T
14.3.3 China Telecom
14.3.4 China Unicom
14.3.5 GSMA
14.3.6 LoRa Alliance
14.3.7 SigFox
14.3.8 Senet
14.3.9 Semtech
14.3.10 T-Mobile
