The global LoRa gateway market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The market growth is majorly attributed owing to the rising adoption of IoT devices. The large and ever-growing IoT networks are expected to foster a substantial demand for the LoRa gateway modules. For instance, as per the data provided by the GSMA (Groupe Spécial Mobile Association), the number of IoT connections (non-cellular and cellular) is expected to increase by more than threefold all over the globe between 2017 and 2025 and reach 25 billion. To further clarify this, in the year 2017, the total number of IoT connections in the Asia-Pacific region alone was nearly 2.8 billion, and this is expected to reach 10.9 billion in 2025.
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Another key factor driving the market growth includes the rising trend of industrial automation as it is the most lucrative application for LoRa gateway modules. Escalating demand for industrial automation and the growing trend of ‘Industry 4.0’ are further pushing the global LoRa gateway module market. Some key players operating in the market include Semtech Corp., Beijing ManThink Technology Co., Ltd., and Guangdong Dapu Telecom Technology Co., Ltd., among others. These players are eyeing to strengthen their position in the market by adopting strategies such as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on.
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Market Coverage
- Segment Covered-
o By Product
o By Application
- Competitive Landscape: Semtech Corp., Beijing ManThink Technology Co., Ltd., and Guangdong Dapu Telecom Technology Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global LoRa Gateway Market Report Segmentation
By Product
- Outdoor Gateway
- Indoor Gateway
By Application
- Industrial Automation
- Asset Tracking
- Home Automation
- Smart City
- Smart Agriculture
- Others
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