Cost Efficiency Tends to be The Primary Driver for LPWAN Market Sales Growth

The Fact.MR report offers insight into the competitive dynamic in the LPWAN market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player.

LPWAN Market – Introduction

LPWAN (Low Power Wide Area Network) doesn’t refer to any particular technology, instead is used to define a network designed to communicate wirelessly with lower power over other networks, including satellite, cellular, or WiFi.

The LPWAN wireless technology has gained notable recognition as a leading wireless connectivity solution for the Internet of Things (IoT), in recent years. LPWAN makes a better option over traditional wireless technologies, owing to its powerful performance characteristics. LPWAN is designed to draw low-power, even during wide area coverage.

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The growing adoption of LPWAN in machines can be attributed to its fundamentally different ways of working over traditional connectivity solutions.

The recent study by Fact.MR on LPWAN Market Demand offers a 10-year forecast. This LPWAN market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of LPWAN also provides dynamics that are responsible for influencing the future Sales and Demand of LPWAN market over the forecast period.

LPWAN Market – Segmentation

Based on the Product, the LPWAN market is segmented into

  • LoRaWAN
  • Weigthless
  • NB-IoT
  • Others

Based on the applications, the LPWAN market is segmented into

  • Utilities
  • Smart City
  • Transportation and Logistics
  • Healthcare Applications
  • Others

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Further, the LPWAN market Survey report emphasizes the adoption pattern And Demand of LPWAN Market across various industries.

Competitive Landscape Analysis On LPWAN Market:

To provide decision-makers with credible insights on their competitive landscape, the LPWAN industry research report includes detailed market competitive landscape analysis.

The competitive landscape analysis for LPWAN Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players.

LPWAN Market – Notable Developments

Some of the leading players in LPWAN are SIGFOX, Vodafone Group PLC, Link Labs, Semtech Corporation, Senet, Inc., Samsara Networks Inc., WAVIoT, NWave Technologies, Actility, Flashnet Communications Inc., Weightless SIG, Ingenu, Proximus SADP, and LORIOT.

Notable developments in the competitive landscape of LPWAN market include:

  • In February 2019, Haxiot, a global leader in LPWAN solutions, has launched a new edge computing solution that enables seamless integrations with industrial gateway vendors to provide device management, connectivity, and data transformation of LPWAN wireless technology.
  • In February 2019, GSM Association announced the availability of mobile IoT or LPWAN across the globe in licensed spectrum across 49 markets.
  • In December 2018, Quectel Wireless Solutions, a leading supplier of IoT modules, has launched a new family of multi-mode LPWAN modules BG77 and BG95, based on Qualcomm® 9205 LTE IoT modem.
  • In September 2018, Vodafone, a British multinational telecommunications company, has doubled the number of European cell sites that support NB-IoT standard, in a bid to expand its lead in the IOT.

Leading Companies Profiled in the LPWAN Market are:

A comprehensive estimate on Demand of LPWAN market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of LPWAN market. Price point comparison by region with global average price is also considered in the study.

LPWAN market regional analysis includes:

  • North America (U.S., Canada) LPWAN market
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru) LPWAN market
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe) LPWAN market
  • CIS and Russia LPWAN market
  • Asia-Pacific (China, India, ASEAN, South Korea) LPWAN market
  • Japan LPWAN market
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel) LPWAN market

The LPWAN report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

LPWAN Market Dynamics

The penetration of LTE-M and NB-IoT networks is growing in this world which demands instant and seamless connectivity, owing to their numerous advantages over traditional cellular connectivity options.

LTE-M and NB-IoT networks offer longer battery life targeting up to a decade, provides supreme coverage for IoT devices located underground and deep inside buildings, while reducing module and deployment cost considerably.

As a result, companies are increasingly gravitating towards these networks, which, in turn, is bringing traction to the broader LPWAN market.

LPWAN is changing the Connectivity WAN-Scape

LPWAN technologies have significantly transformed the Wide Area Network (WAN) connectivity space for IoT devices, as they provide low data rates and extensive-range communication capabilities, while maintaining low power consumption and low cost for silicon transceiver.

As LPWAN technologies are beneficial for asset tracking and geolocation services, they are witnessing wide adoption. Several IoT applications require geolocation, and LPWAN technologies provide location information at various levels of accuracy without utilizing any additional sensing elements.

These growing benefits of LPWAN in the world advancing towards better connectivity, could favor growth of stakeholders.

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Key Question answered in the Survey of LPWAN market Report By Fact.MR :

LPWAN Company & brand share analysis: Company and brand share analysis on LPWAN reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players

Outlook of LPWAN Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of LPWAN Market

LPWAN Category & segment level analysis: Fact.MR’s LPWAN market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify LPWAN sales potential and set sales targets at local, country, and regional level.

LPWAN Consumption by demographics: The outlook of LPWAN market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers

Post COVID consumer spending on LPWAN market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior

Manufacturing trend analysis of LPWAN : Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments

LPWAN market Merger and acquisition activity: Fact.MR’s analysis also includes merger & acquisition activity analysis. LPWAN manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share

LPWAN demand by country: The report forecasts LPWAN demand by country giving business leaders the LPWAN insights to know fast-growing, stable, and mature markets

Growth for LPWAN Market Stakeholders Remains Challenging

The development of a sustainable business remains challenging for vendors in LPWAN market, owing to the comparatively low barriers-to-entry of the market, coupled with the prospect of low returns from connectivity. For the operators focusing solely on connectivity, without offering any other capabilities or solutions, size will remain crucial.

To lead in a market like LPWAN, even the largest operator should benefit from greater economies of scale, while being able to place intense pricing pressure on other smaller networks.

However, end-to-end solutions, and selling capabilities demand strong skills, and potentially a comprehensive understanding of specific industry sectors, that several network operators lack. As a result, the potential of LPWAN is vast, but the stakeholders are required to make bold strategies to establish a sustainable durable business.

Cost Efficiency– The Primary Driver for LPWAN Market

As LPWAN use existing mobile radio networks to connect endpoints separated by miles at low cost, while consuming minimal power, the penetration of this network is expanding significantly.

Cost efficiency associated with LPWAN remains a key growth driver for stakeholders, as transmission via this network is roughly ten times cheaper as compared to GPRS or 3G. Moreover the existing solutions for LPWAN are fascinating technically.

Apart from providing long battery life and wide range, LPWAN technologies are reliable and associated with low costs. No other existing technology currently offers these four characteristics together.

Additionally, LPWANs are comparatively less complex, due to which network administration is much easier as compared with traditional cellular mobile phone technologies.

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