 |
| Global Lora Gateway Market |
The global 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 device that connects LoRa devices to a network server. It receives
commands from the network server and forwards data from end-devices. LoRa
gateways support long-range wireless transmission through LoRa technology. They
work with low power consumption and provide connectivity over long distances
for IoT applications. Industries use LoRa gateways for connectivity in
applications such as smart manufacturing, supply chain management, building
automation, and agriculture. LoRa gateways offer benefits such as long battery
life, secure communication, bidirectional communication, and large network
coverage.
Market key trends:
The rising adoption of IoT across different industries is driving the adoption
of LoRa gateways. Many industries are implementing IoT solutions for
applications like asset tracking, environmental monitoring, inventory
management etc. This is increasing the demand for low power wireless
technologies like LoRa. Furthermore, growing investments by governments and
technology companies in smart city infrastructure is also propelling the LoRa
gateway market growth. For example, companies are using LoRa technology for
applications like smart parking, smart street lighting, waste management etc.
in smart cities. Additionally, increasing research and development activities
to enhance the capabilities of LoRa gateways will open new opportunities for
market expansion over the forecast period.
Porter's Analysis
Threat of new entrants: The LoRA gateway market poses a moderate threat of new
entrants due to high costs involved in research and development. However, intellectual
property and patent protection also limit new competition.
Bargaining power of buyers: Individual buyers have low bargaining power for
LoRa gateway owing to the specialized nature of products and proprietary LoRa
technology. However, large buyers such as network operators yield higher
influence.
Bargaining power of suppliers: Component suppliers have moderate bargaining
power due to the availability of alternative suppliers in the market. Suppliers
also face threats from in-house manufacturing by top players in the long run.
Threat of new substitutes: There exists low-moderate threat from technology
substitutes as LoRa offers long-range, low power requirements making it
suitable for IoT applications where energy efficiency and low costs are priorities.
Competitive rivalry: The market witnesses high competitive rivalry owing to the
presence of giant equipment manufacturers focusing on R&D and technology
innovation to gain market share.
Key Takeaways
The Global
Lora Gateway Market is expected to witness high growth, exhibiting 30%
CAGR over the forecast period of 2023 to 2030, due to increasing adoption of
low-power WAN technologies for IoT applications.
The regional analysis indicates North America dominates the market currently
due to a large base of IoT device installations and supportive government
initiatives. Asia Pacific is expected to witness the fastest growth over the
forecast period with rising smart infrastructure projects in China, India, and
Japan.
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. Semtech
Corporation leads the market with its innovative LoRa technology and global
partnerships with telecom operators and enterprises.
Read more: https://www.trendingwebwire.com/lora-gateway-market-scope/