LoRa Gateway Module Market by (Industrial Automation, Home Automation, Smart Agriculture and Smart City)
Industry: IT and Telecommunication
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 245
Report ID: PMRREP19084
The market for LoRa gateway module was valued at US$ 1,334.3 Million in 2022, and by the end of 2033, it is expected to have grown to US$ 2,832.7 Million. The market for LoRa gateway module is estimated to valuate to US$ 1,409.0 Million in 2023 and is predicted to grow at a CAGR of 7.2% from 2023 to 2033.
A promising wide-area low-power network communication technology is LoRa. It has been extensively used in many IoT fields. It is clear that the LoRa communication module plays a significant role in the Internet of Things. Although the LoRa module has excellent development potential, it also offers advantages and disadvantages as a technical product.
LoRa gateway module offers advantages such as long communication distance and low power usage. The LoRa module has a sensitivity of up to -139 dBm and a communication range of more than 7000 kilometer, which addresses the issues of low power consumption and long range. LoRa gateway module frequency band nodes are easy to build and deploy and don't require a licence. The LoRa module's cost is quite accessible to the general public, and it will be extremely advantageous in all key IoT applications.
Strong anti-interference is present in the LoRa modulation mode of the LoRa module. With its superior spread spectrum and forward error correction technologies, the LoRa modulation mode can even separate and extract data from noise. The stability and dependability of the transmitted data increases with the wireless module's anti-interference strength.
The market in North America held a leading market share of 25.2% and remain the market leader for the forecast period. The demand for LoRa gateway module in the East Asia region will hold around 21.1% of the market in 2022.
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LoRa Gateway Module Market Size (2023) |
US$ 1,409.0 Million |
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Projected Market Value (2033) |
US$ 2,832.7 Million |
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Global Market Growth Rate (2023 to 2033) |
7.2% |
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LoRa Gateway Module for Industrial Automation Segment Market Share (2022) |
21.2% |
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India Market Growth Rate (2023 to 2033) |
8.6% |
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LoRa Gateway Module for Manufacturing Segment Share (2022) |
19.5% |
“Increasing Penetration of IoT is boosting the Market Growth”
The market for LoRa gateway modules is anticipated to benefit from the growing adoption of IoT since end users are becoming more aware of the benefits associated with its implementation. Moreover, the growing cellular IoT and the approaching 5G are two additional drivers driving up demand for LoRa gateway modules. The market for LoRa gateway modules is also being driven by the growth of smart city initiatives and the use of smart gadgets.
LoRa devices and the LoRaWAN standard are enhancing lives and boosting corporate efficiency due to an ever-growing variety of IoT vertical applications.
“Growing Manufacturing Industry Use of LoRa Gateway Modules to Fuel Market Demand.”
Due to the developing trend of industry 4.0 in United States and the growing demand for automation in manufacturing industries, LoRa gateway modules are becoming more widely used in this sector. The ongoing investments made by United States in the automation of industrial infrastructure and the fulfilment of the existing connectivity solutions for industries have compelled vendors all over the world to concentrate on providing cellular connectivity with entirely new concepts offered by new providers and alliances, including LoRa. As a result, the demand for LoRa gateway modules is increasing steadily and quickly, especially throughout the manufacturing business sectors.
These factors allow United States region is analyzed to dominate the global LoRa gateway module market with the share of 18% that it held in 2022.
“Growing Usage of LoRa Gateway Modules in the Smart Wireless Reading to Drive the Market Development"
LoRa modules are frequently used in reading smart wireless metres. Each household's power consumption data is transmitted to the LoRa module through the distribution box's data acquisition equipment, which transfers the data to the LoRa module via the gateway. remote command and control. Low power consumption, extended distance, and low cost benefits are more suited to large-scale promotion and aid in the creation of smart cities.
Large population and growing urbanisation in the country aid the growth of LoRa gateway modules in India. Due to these factors the LoRa gateway modules market is estimated to grow at a CAGR of 8.6% over the forecast period in India.
“LoRa Gateway Module is highly Utilized in Various Applications this Factor is Driving the Market Growth”
A large-scale implementation of LoRa in agricultural production is now possible thanks to the integration of agricultural nodes, low power consumption, extended transmission distance, and free communication. For instance, the information gathered from the equipment can be sent to the control dispatch centre via the LoRa module to enable the detection of pests, temperature, humidity, carbon dioxide concentration, and other factors.
LoRa module's low power consumption, long range, high sensitivity, and strong anti-interference ability make it widely used in the fields of Internet of Things agriculture, smart wireless metre reading, robot control, security system, vehicle tracking, and smart cities in the future. The scope of LoRa technology development is greater -time data analysis, automatic irrigation, automatic spraying, and other actions can then be taken. Developments in the technologies and farming techniques in Germany allow the LoRa gateway module market to grow in this country.
Germany is one of the most economically significant country in European region and it holds the largest market share of 10.2% in the European LoRa gateway module market.
Why Industrial Automation Have the Largest Market Share in LoRa Gateway Module Market?
“Benefits offered by Industrial Automation in Industries is Expected to Drive the Market Demand”
Industrial automation segment holds the largest market share of 21.2% in the LoRa gateway module market. The growing trend of industry 4.0 and the increasing demand for automation in a variety of industries are two major reasons driving the LoRa gateway module market.
The use of Internet of Things connected sensors for various always-on monitoring tasks may help industrial processes. Sensors in industrial facilities or mobile businesses may broadcast crucial data to a LoRa WAN network where it can be analysed and business processes optimised because of the long range, low power, and extended battery life of LoRa-based devices.
Why Energy and Utilities Segment is estimated to have the Largest Growth Rate for LoRa Gateway Module Market?
“Energy and Utilities Segment to Have the Fastest Growth Rate”
Traditional utility operations rely on the arbitrary measurements made by field personnel and require a lot of physical labour. Additionally, because they are typically put underground, indoors, or in congested urban areas, many wireless technologies may struggle or fail to reach metres. A smart utilities infrastructure made up of sensors and gateways employing LoRa devices and the LoRaWAN protocol can be implemented by utility and metering companies to collect data remotely and deploy staff more effectively to streamline operations.
Major LoRa gateway modules companies are focusing on the deployment of LoRa gateway modules across various applications and verticals and are trying to leverage the developments in smart cities, smart agriculture, etc to boost the sales of LoRa gateway modules. Many large players are based in East Asia.
Recent developments related to key players providing LoRa gateway module market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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In 2022, the market value of LoRa gateway was US$ 1,334.3 Mn.
The global LoRa gateway module market is estimated to advance at a 7.2% CAGR through 2033.
The market for LoRa gateway is forecasted to climb to US$ 2,832.7 Mn by 2033 end.
Demand for LoRa gateway module market in India is projected to rise at a CAGR of 8.6% over the forecast period.
In 2022, the North America LoRa gateway module market held a dominant market share of 25.2%.
