LoRaWAN LoRa Module Market
LoRaWAN LoRa Module Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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LoRaWAN LoRa Module Market Size and Growth
The LoRaWAN LoRa Module market is experiencing significant growth, driven by increased demand for IoT connectivity solutions. Current market size estimates reach approximately $1.5 billion, with a projected CAGR of 25% through 2027. Key drivers include urbanization, smart city initiatives, and advancements in wireless communication technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dapu Telecom Technology
◍ Embit
◍ HOPE MicroElectronics
◍ IMST GmbH
◍ Libelium
◍ Link Labs
◍ LairdTech
◍ Manthink
◍ Murata
◍ Multi-Tech Systems
◍ Microchip Technology
◍ NiceRF
◍ Nemeus
The LoRaWAN module market features competitors like Dapu Telecom, Embit, and Libelium, which offer innovative solutions enhancing IoT connectivity. Companies like LairdTech and Microchip Technology support growth through advanced LoRa modules, expanding application scope. Sales revenues vary, with Multi-Tech Systems reporting significant figures, reinforcing market expansion and innovation.
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Market Segmentation
By Application
Internet of Things
Smart Agriculture
Smart City ◍ Industrial Automation ◍ Smart Meters ◍ Asset Tracking
Smart Home ◍ Sensor networks ◍ M2M
By Product
◍ 433MHz
470MHz
868MHz
915MHz
923MHz
Others
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$ 4.50 Billion
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