The LoRa Gateway Market is estimated to be valued at US$ 1.02 Bn in 2023 and is expected to exhibit a CAGR of 30.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
LoRa gateway is a central part of a LoRaWAN network that serves as the bridge between end-user devices using the LoRaWAN protocol and a network server. It receives uplink messages from end-user devices, forwards them to the network server and sends downlink messages to end-user devices. LoRa gateways support various industrial and commercial applications such as smart manufacturing, smart cities, asset tracking, smart metering, supply chain management etc. by facilitating long-range communication for IoT devices over a large geographical area.
Market Dynamics:
The growth of the LoRa gateway market is primarily driven by the increasing adoption of IoT across various industries and the need for low power wide area networks (LPWAN). IoT has emerged as an important trend in sectors like manufacturing, transportation, logistics, healthcare etc. for increasing efficiency and productivity. The number of IoT devices connected globally is expected to exceed 25 billion by 2030. This rapid proliferation of IoT devices is driving the need for low power, long range connectivity solutions like LoRaWAN. Additionally, LoRa provides a cost effective alternative to cellular networks for many use cases due to its long range capabilities and minimal power consumption, thereby reducing deployment and operational costs for asset tracking, remote monitoring and other IoT applications. Furthermore, supportive government policies and initiatives for smart city development are also fueling the adoption of LoRaWAN networks and LoRa gateways for urban applications.
Segment Analysis
The Global Lora Gateway Market is dominated by industrial IoT gateways segment. This segment accounted for over 60% share of the total market in 2023 owing to wide adoption of LoRa gateway devices across manufacturing, oil & gas, and energy sectors for industrial asset management and monitoring applications. The commercial IoT gateways segment is also growing at a significant rate on account of increasing deployment of LoRa gateway networks across commercial buildings, malls, and warehouses for smart environment and energy management solutions.
PEST Analysis
Political: Favorable government initiatives towards development of smart infrastructure and cities are driving demand for low-power wide area network (LPWAN) technologies like LoRa. Economic: Significant cost savings achieved through industrial automation and remote equipment monitoring using LoRa networks are boosting its adoption across process and discrete industries. Social: Growing awareness about environmental protection and energy conservation is prompting commercial facilities to deploy LoRa-based solutions for efficient resource management. Technological: Integrations of LoRa gateway devices with cloud platforms and availability of end-to-end network security features are supporting large-scale IoT deployments.
Key Takeaways
The global LoRa Gateway Market is expected to witness high growth, exhibiting 30% CAGR over the forecast period, due to increasing need for remote monitoring of industrial assets and commercial spaces.
Regional analysis: North America accounted for largest share of over 35% in the global LoRa gateway market in 2023 owing to early adoption across various industries in the US and Canada. Asia Pacific is emerging as the fastest growing regional market with over 30% CAGR driven by large scale smart infrastructure projects in China, Japan and India.
Key players operating in the LoRa gateway market are Semtech Corporation, Cisco Systems Inc., Huawei Technologies Co. Ltd., Comcast Corporation, Hewlett Packard Enterprise, NETGEAR Inc., TEKTELIC Communications Inc., Kerlink, Embit S.R.L., IMST GmbH, Aaeon Technology Inc, Laird Connectivity, Multi-Tech Systems Inc., Loriot SAS, Link Labs Inc., Senet Inc., WI-SUN Alliance, Actility S.A., The Things Industries B.V., Libelium Comunicaciones Distribuidas S.L.
Read More: https://www.rapidwebwire.com/lora-gateway-market-scope/
Among the devices that you should heavily invest on is a Lora Gateway kit.
LoRa gateways are routers that receive a device’s message and forward it to the IoT network.
A single gateway can help and serve thousands of devices already.Key FeaturesRAK831 LPWAN Module with Raspberry Pi3 and MAX-7Q GPS Module, based on SX1301, 433/868/915MHz.Support 433MHz / 868MHz / 915MHz communication bandBased on Semtech SX1301, half-duplex gateway moduleSupport 10 channels, 8 downlink and 1 uplink channel, 1 FSK channelRF output power of 25.2dBmReceiving sensitivity up to -139dBm, up to 15KM
In this report, our team research the global LoRa Gateway Module market by type, application, region and manufacturer 2013-2018 and forecast 2019-2024.
For the region, type and application, the sales, revenue and their market share, growth rate are key research objects; we can research the manufacturers’ sales, price, revenue, cost and gross profit and their changes.
What’s more, we will display the main consumers, raw material manufacturers, distributors, etc.The report on LoRa Gateway Module, provides deep insights for LoRa Gateway Module market based on decisive aspects of a market study.
Location analytics of the LoRa Gateway Module in report majorly highlighted are Asia-Pacific, North America, Europe, South America and Middle East & Africa for reviewing and studying markets periodically.
Moreover, report precisely covers different market segments like definition, type & application.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2472489Geographically, global LoRa Gateway Module market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players includingDapu Telecom Technology CoEmbitHOPE MicroElectronicsIMST GmbHLibeliumLink LabsLairdTechManthinkMurataMulti-Tech SystemsMicrochip TechnologyNiceRFNemeusOn the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into433MHz470MHz868MHz915MHz923MHzOthersFor the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of LoRa Gateway Module for each application, includingInternet of ThingsSmart AgricultureSmart CityIndustrial AutomationSmart MetersAsset TrackingSmart HomeSensor networksM2M923MHzOthersGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2472489In a nutshell, market research is an art desirable of gathering data via surveys and deep market study by a team of subject matter experts.
A market research report provides direction and rationale of the market through a professional approach based on comprehensive investigation of LoRa Gateway Module market.
