Low-Power Wan Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Low-Power WAN Market Report is Segmented by Type (NB-IoT, Lorawan, and LTE-M), Service (Professional Service and Managed Service), End User (Oil and Gas, Consumer Electronics, Healthcare, Industrial Manufacturing, and Logistics and Travelling), Application (Smart Meters, Smart Buildings, Smart Logistics, and Smart Agriculture), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Low-Power Wan Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Low-Power WAN Market Size

Low-Power WAN Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 48.67 Billion
Market Size (2030) USD 395.55 Billion
CAGR (2025 - 2030) 52.05 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Low-Power WAN Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Low-Power WAN Market Analysis

The Low-Power WAN Market size is estimated at USD 48.67 billion in 2025, and is expected to reach USD 395.55 billion by 2030, at a CAGR of 52.05% during the forecast period (2025-2030).

  • A low-power WAN (LPWAN) is a wireless wide-area network that connects low-bandwidth, battery-operated devices over vast distances at low bit rates. As the demand for low-power, wide-area connectivity in Internet of Things (IoT) applications continues to rise, the market is expected to grow during the forecast period.
  • Given the mission-critical nature of industrial applications, the Industrial Internet of Things (IIoT) demands carrier-grade communication network reliability. High message ingestion rates are crucial, ensuring vital data is available for timely responses to potential issues. IoT sensors, spanning industries from asset tracking and human presence detection to air quality monitoring and leak detection, gather vast amounts of business-critical data. This data enhances operational visibility and efficiency and reduces cost, fueling market growth.
  • In agriculture, these capabilities can double productivity and assist in monitoring crop development. LPWAN's ability to transmit small data volumes over long distances is expected to bolster market growth. Key applications of LPWAN include fleet management, GPS tracking, smart meters, smart grid management, home automation, waste management, process monitoring, and temperature oversight.
  • However, future coverage and scalability challenges, technological coexistence, and real-time communication could impede LPWAN's widespread adoption and commercialization. Moreover, network security concerns arise, especially since it is deemed less reliable than direct data transmission to endpoints and may be susceptible to interference.
  • Despite these challenges, LPWAN devices find global applications in sectors like industrial IoT, smart cities, smart homes, and utilities. Yet, vulnerabilities persist: root keys for encrypting communications between gateways, smart devices, and network servers can be targets for cyber-attacks. Such breaches can lead to DDoS attacks, data leakage, and false data injection, disrupting systems and hindering market growth. The FBI has warned about unpatched and outdated devices, highlighting the growing threat of cybercriminals exploiting vulnerabilities in internet-connected devices.

Low-Power WAN Industry Overview

The low-power WAN market is fragmented. With the increase in the IoT ecosystem, various technologies, such as LPWAN, are evolving, which drives the players to invest in the market. Moreover, the players are gradually entering the market with technological upgrades. Some key players include Cisco Systems Inc., Sigfox SA, AT&T Inc., Vodafone Group PLC, Semtech Corporation, Huawei Technologies Co. Ltd, and Ingenu Inc.

Low-Power WAN Market Leaders

  1. Semtech Corporation

  2. Sigfox SA

  3. Huawei Technologies Co. Ltd

  4. Ingenu Inc.

  5. Cisco Systems Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Low-power Wan Market Concentration
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Low-Power WAN Market News

  • March 2024: Quectel, a global provider of IoT solutions, partnered with The Things Industries, a worldwide leader in LoRaWAN IoT solutions. This collaboration ensures that the Quectel KG200Z LoRaWAN module is certified with "Works with The Things Stack" and "Secured by The Things Stack". These certifications guarantee users a robust and secure LoRaWAN solution. The Quectel KG200Z module, powered by the STM32WL from STMicroelectronics, delivers outstanding performance tailored for long-range, low-power applications. It functions within the LoRa high-frequency band, ranging from 862 MHz to 928 MHz, and features advanced AES hardware encryption for heightened security.
  • February 2024: Kerlink, a provider of solutions tailored for the Internet of Things (IoT), teamed up with Actility, a global player in low-power industrial IoT connectivity. This strategic partnership leverages the complementary strengths of both companies, creating a seamless plug-and-play edge computing LoRaWAN ecosystem. As part of this collaboration, Kerlink's Wirnet iFemtoCell and Wirnet iStation gateway suite, offering a lifetime-guaranteed LoRaWAN edge solution, will be integrated with Actility's ThingPark All-in-One (TAO) platform. This integration facilitates low power wide area networks (LPWAN) deployment and operation on a unified, scalable, and versatile infrastructure.
  • February 2024: BICS, an international connectivity enabler, has partnered with Skylo, a non-terrestrial network (NTN) operator. Skylo is dedicated to establishing seamless satellite connections worldwide. Through this collaboration, BICS can harness Skylo's network of geostationary satellites, which spans 13.7 million square miles of land and sea. This will facilitate direct NB-IoT-to-satellite connectivity for BICS' enterprise clientele. Additionally, Skylo plans to utilize BICS' IPX solution to engage with telecom audiences, providing IoT NTN connectivity to the enterprise customers of its partner mobile operators and MVNOs.

Low-Power WAN Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Buyers/Consumers
    • 4.3.2 Bargaining Power of Suppliers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising Need of Long Range Connectivity Between Devices
    • 5.1.2 5G Technology to Drive the Market Growth
  • 5.2 Market Restraints
    • 5.2.1 Privacy and Security Concerns

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 LoRaWAN
    • 6.1.2 NB-IoT
    • 6.1.3 LTE-M
    • 6.1.4 Other Types (Sigfox, Weightless, etc.)
  • 6.2 By Service
    • 6.2.1 Professional Service
    • 6.2.2 Managed Service
  • 6.3 By End User
    • 6.3.1 Oil and Gas
    • 6.3.2 Consumer Electronics
    • 6.3.3 Healthcare
    • 6.3.4 Industrial Manufacturing
    • 6.3.5 Logistics and Travelling
    • 6.3.6 Other End Users
  • 6.4 By Application
    • 6.4.1 Smart Cities
    • 6.4.2 Smart Homes/Buildings
    • 6.4.3 Smart Agriculture
    • 6.4.4 Other Applications
  • 6.5 By Geography***
    • 6.5.1 North America
    • 6.5.2 Europe
    • 6.5.3 Asia
    • 6.5.4 Australia and New Zealand
    • 6.5.5 Latin America
    • 6.5.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Semtech Corporation
    • 7.1.2 Sigfox SA
    • 7.1.3 Huawei Technologies Co. Ltd
    • 7.1.4 Ingenu Inc.
    • 7.1.5 Cisco Systems Inc.
    • 7.1.6 AT&T Inc.
    • 7.1.7 Vodafone Group PLC
    • 7.1.8 Loriot AG
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
*** In the Final Report Asia, Australia and New Zealand will be Studied Together as 'Asia Pacific
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Low-Power WAN Industry Segmentation

A low-power wide-area network (LPWAN) is a particular network that enables long-range communication at a low bit rate. LPWAN overcomes the technological choice for constructing IoT networks globally. This wireless technology can be integrated into streetlights, cars, manufacturing equipment, home appliances, and wearable devices. LPWAN offers a plausible mix of long-range, low power consumption, and secure data transmission.

The low-power WAN market is segmented by type (NB-IoT, LoRaWan, and LTE-M), service (professional service and managed service), end user (oil and gas, consumer electronics, healthcare, industrial manufacturing, and logistics and traveling), application (smart meters, smart buildings, smart logistics, and smart agriculture), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type LoRaWAN
NB-IoT
LTE-M
Other Types (Sigfox, Weightless, etc.)
By Service Professional Service
Managed Service
By End User Oil and Gas
Consumer Electronics
Healthcare
Industrial Manufacturing
Logistics and Travelling
Other End Users
By Application Smart Cities
Smart Homes/Buildings
Smart Agriculture
Other Applications
By Geography*** North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
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Low-Power WAN Market Research FAQs

How big is the Low-Power WAN Market?

The Low-Power WAN Market size is expected to reach USD 48.67 billion in 2025 and grow at a CAGR of 52.05% to reach USD 395.55 billion by 2030.

What is the current Low-Power WAN Market size?

In 2025, the Low-Power WAN Market size is expected to reach USD 48.67 billion.

Who are the key players in Low-Power WAN Market?

Semtech Corporation, Sigfox SA, Huawei Technologies Co. Ltd, Ingenu Inc. and Cisco Systems Inc. are the major companies operating in the Low-Power WAN Market.

Which is the fastest growing region in Low-Power WAN Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Low-Power WAN Market?

In 2025, the North America accounts for the largest market share in Low-Power WAN Market.

What years does this Low-Power WAN Market cover, and what was the market size in 2024?

In 2024, the Low-Power WAN Market size was estimated at USD 23.34 billion. The report covers the Low-Power WAN Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Low-Power WAN Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Low-Power WAN Industry Report

Statistics for the 2025 Low-Power WAN market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Low-Power WAN analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.