LoRa Gateway Module Market

LoRa Gateway Module Market Outlook (2024 to 2034)

Expanding at a CAGR of 6.1%, the global LoRa gateway module market is projected to increase from a valuation of US$ 1.59 billion in 2024 to US$ 2.88 billion by 2034.

LoRa gateways are gadgets that connect to a cloud platform via Internet Protocol (IP) and receive data from end devices over long range (LoRa) wireless connections. Internet of Things (IoT) applications ensure low-power consumption and make long-range networking possible.

The increasing use of Low Power Wide Area Network (LPWAN) technologies, such as LoRaWAN, for Internet of Things applications in smart homes, buildings, industrial settings, and cities is contributing to the LoRa gateway module market growth.

Benefits of cellular LoRa gateways over public cellular networks include security, deployment simplicity, and mobility. Among other end users, logistics firms are increasingly utilizing them for long-distance real-time asset tracking. LoRa is a potential low-power wide-area network communication technology.

Several IoT domains have made substantial use of it. The importance of the LoRa communication module in the Internet of Things is evident. As a technological product, the LoRa module has both benefits and drawbacks, despite its great development potential.

Long communication distance and low power consumption are two benefits of the LoRa gateway module. Low power consumption and long range are addressed by the LoRa module, which has a sensitivity of up to -139 dBm and a communication range of over 7000 kilometers. Building and deploying LoRa gateway module frequency band nodes is simple and license-free.

The LoRa module will be very beneficial in all important IoT applications, and its pricing is rather affordable for the general population. The LoRa modulation mode of the LoRa module has strong anti-interference properties.

The LoRa modulation method even isolates and extracts data from noise because of its advanced forward error correction and spread spectrum technology. As the wireless module's anti-interference strength grows, so does the transmitted data's reliability and dependability.

Report Attribute	Detail
LoRa Gateway Module Market Size (2024E)	US$ 1.59 Billion
Forecasted Market Value (2034F)	US$ 2.88 Billion
Global Market Growth Rate (2024 to 2034)	6.1% CAGR
East Asia Market Value (2034F)	US$ 693.3 Million
North America Market Growth Rate (2034F)	6.4%
Healthcare Segment Value (2034F)	US$ 230.2 Million
Japan Market Value (2034F)	US$ 112.3 Million
Key Companies Profiled	Guangdong Dapu Communication Technology Co., Ltd.; HOPE Microelectronics Co., Ltd.; Embit s.r.l.; IMST GmbH; LINK LABS; Libelium Comunicaciones Distribuidas S.L; Laird Technologies; Multi-Tech Systems, Inc.; Murata Manufacturing Co.; Mircochip Technology Inc.; Nemeus; GlobalSat WorldCom Corporation

What is the LoRa Gateway Module Industry Outlook for Upcoming Years?

“Rising Popularity of IoT Among People is Making the Application of LoRa Gateway Escalate”

As end users become more aware of the advantages of implementing IoT, the market for LoRa gateway modules is expected to gain from its increasing usage. The need for LoRa gateway modules is also driven by the expanding cellular IoT and the impending 5G. The utilization of smart devices and the expansion of smart city projects are also driving the market.

Because of the increasing number of IoT vertical applications, LoRa devices and the LoRaWAN standard are improving lives and increasing business efficiency. The worldwide LoRaWAN network server provider LORIOT AG and the RF development competence center IMST GmbH announced in January 2022 that they had finished testing and now fully utilizing the LoRa 2.4GHz frequency range supplied by Semtech.

An innovative multi-wireless gateway for linking LoRaWAN devices to the cloud was introduced in April 2020 by Laird Connectivity, a pioneer in worldwide technology. The Sentrius RG191 + LTE Gateway now combines Wi-Fi, Ethernet, and cellular in one unit with a LoRaWAN-enabled gateway variant.

“LPWAN Technologies Further Fueling the Market Demand”

One of the main factors propelling the market is the growing use of low power wide area network (LPWAN) technologies, such as LoRaWAN, for Internet of Things connection. LPWAN solutions use minimal power to give IoT devices a long-range connection. As an LPWAN protocol for building long-distance, reasonably priced IoT networks, LoRaWAN is becoming increasingly popular.

LoRa gateways are essential for establishing LoRaWAN networks because they serve as a link between LoRa endpoints and cloud servers. Global demand for LoRa gateways is rising because of the expanding use cases of LPWAN in supply chains, industries, smart cities, and buildings. As per the LoRa gateway module industry analysis by Fact.MR, these factors are generating remunerative opportunities for market players.

LoRa gateway adoption is fueled by the massive expenditures made in smart city projects that are implemented quickly all over the world. Because of its long-range connection, LoRaWAN technology is perfect for deploying smart city applications, including trash management, parking, and intelligent lighting. LoRa gateways and LoRaWAN networks are used by smart cities to gather data in real-time from IoT sensors, meters, and other assets located across the city. LoRa gateways are purchased in significant quantities because of the implementation of enormous smart city projects in China and India, as stated in the LoRa gateway module industry outlook.

“Usage with Just Limited Power Grid Contributing to Widespread Use in Solar Appliances”

Due to its use in rural areas and outdoor settings with limited grid power, solar-powered LoRa gateways are becoming increasingly popular. In remote locations, solar-powered LoRa gateways are perfect for keeping an eye on assets, stations, and pipelines.

.They reduce operating expenses and reduce the necessity for costly fiber wiring. To take advantage of this trend, several vendors are providing commercial solar-powered LoRa gateways.

LoRa gateways are becoming more capable thanks to developments in IoT sensors and LoRaWAN-compatible modules. Sensors with built-in LoRa connections provide information to LoRa gateways over long distances, including temperature, motion, sound, and air/fluid quality. Gas leak detectors, twin camera modules, and other cutting-edge sensors enable the development of creative LoRaWAN solutions via LoRa gateways.

For example, Comcast affiliate MachineQ debuted its LoRaWAN®-certified MQflex multi-sensor device in July 2022. According to the LoRa gateway module industry analysis conducted by Fact.MR, the market is evaluated to perform quite well in the East Asian region.

What is Becoming a Major Concern Among LoRa Gateway Module Manufacturers?

“Interoperability is a Prominent Challenge in Front of Key Market Players”

Large-scale adoption is hampered by interoperability problems between LoRaWAN networks that are set up using gateways from several suppliers. The ability of LoRa end devices to roam between networks is restricted by the absence of standardized interfaces between several LoRa gateway hardware and network servers.

The LoRa Alliance and its member organizations work together to overcome this constraint. On the other hand, smoother integration and improved roaming capabilities for LoRa end devices are possible by technological improvements and increasing cooperation among member organizations.

The industry tries to overcome interoperability issues and realize the full potential of LoRaWAN technology by promoting collaboration, innovation, and common standards. This will guarantee the technology's scalability, dependability, and long-term success in several settings and applications, which is further affecting the LoRa gateway module market size.

Country-wise Insights

Power consumption has been a hot topic in recent years than ever as climate change becomes more evident, this is fueling demand for products, including LoRa gateway modules in several countries, such as the United States, China, Japan, and South Korea. The United States market is forecasted to hold a significant LoRa gateway module market share in North America.

What is Becoming a Success Factor for Rising Demand for LoRa Module in the United States?

“Established Manufacturing Industry Escalating the Deployment”

Attribute	United States
Market Value (2024E)	US$ 412.8 Million
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 778.6 Million

The success of the LoRa (Long Range) technology in the United States largely is attributed to the robust and established manufacturing industry. This industry has been pivotal in promoting the deployment of LoRa devices and infrastructure across sectors, including agriculture, smart city initiatives, and logistics. The United States benefits from advanced technological capabilities, a skilled workforce, and an increasing need for efficient data communication methods in IoT applications.

Why is China Performing Consistently Well in the Market?

“Growing Usage of LoRa Gateway Module in Smart Wireless Reading Driving the Market”

Attribute	China
Market Value (2024E)	US$ 276.2 Million
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 513.8 Million

China’s strong performance in the market is largely attributed to the growing usage of these modules in smart wireless reading applications. The country is experiencing an increase in demand for technologies that support smart metering, environmental monitoring, and asset tracking, all of which benefit from the advantages that LoRa offers, such as long-range transmission and low power consumption. Furthermore, China has a significant advantage in manufacturing capabilities and supply chain efficiencies, enabling it to produce LoRa devices at competitive prices.

Competitive Landscape

Key players in the LoRa gateway module market are investing in research and development to introduce new products and innovations every year.

• Multi-Tech Systems, Inc., a significant global supplier of Industrial IoT connection devices and services, unveiled updated versions of its well-known LoRaWAN Gateway accessory cards in July 2022.
• Everynet BV and Murata Manufacturing Co., Ltd. announced in March 2021 that they would be working together to develop LoRaWAN modules that are deployed globally on Everynet networks.

Fact.MR provides detailed information about the price points of key manufacturers of LoRa gateway modules positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of LoRa Gateway Module Market Research

• By Industry :

  • Manufacturing
  • Energy & Utilities
  • Automotive
  • Healthcare
  • Transportation & Logistics
  • Agriculture
  • Others

• By Application :

  • Industrial Automation
  • Home Automation
  • Smart Agriculture
  • Smart City
  • Asset Tracking
  • Others

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa