(MENAFN- Ameliorate Digital Consultancy)
A market research study titled“lora gateway module market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028′′ was just released by Persistence Market Research.
The application segment is further divided into asset monitoring, smart cities, smart agriculture, smart agriculture, industrial automation, and home automation. Additionally, the market for LoRa gateway modules is anticipated to be driven by the quick uptake of these modules across a number of sectors, including manufacturing, energy & utilities, automotive, and healthcare.
LoRa Gateway Module Market
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Increasing Industrial Automation to Push LoRa Gateway Module Adoption
The market for LoRa gateway modules (long range wireless network technology) is being driven by reasons including the IoT's quick growth and an increase in consumer demand for smart devices. Additionally, during the projected period, the market for LoRa gateway modules is anticipated to benefit from the implementation of cutting-edge and ground-breaking technologies.
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. Additionally, the growing cellular IoT and the approaching 5G are two additional drivers driving up demand for LoRa gateway modules. In addition, the increasing number of smart city projects and the increasing penetration of smart devices are driving the LoRa gateway module market.
The adoption of LoRa gateway modules in the manufacturing industry is increasing due to the increasing demand for automation in manufacturing industries and the rising trend of Industry 4.0. Continuous investments by various countries in the automation of industrial infrastructure and the fulfilment of the current connectivity solutions for industries have encouraged vendors around the globe to focus on offering cellular connectivity with completely new concepts provided by new providers and alliances, which include LoRa. The demand for LoRa gateway module is thus observing a constant rise at a rapid pace, particularly across the manufacturing industry sectors.
The global LoRa gateway module market is likely to record a total incremental opportunity of more than US$ 3 billion during the forecast period of 2018 to 2028. In the global LoRa gateway module market report, Persistence Market Research has segmented the global LoRa gateway module market by application, industry, and region.
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Regional Outlook: LoRa Gateway Module Market
North America and Europe are among the largest markets in the global LoRa gateway module market owing to the presence of various key players and the early adoption of advanced technologies pertaining to LoRa gateway modules. Moreover, the rapid expansion of the IoT market and high government spending for LoRa technology are also among factors propelling the LoRa gateway module market.
The LoRa gateway module markets in East Asia and South Asia are expected to witness growth with a significant CAGR during the forecast period owing to the rising penetration of smart devices and increasing digitalization in various countries of the region. Furthermore, the increasing adoption of advanced technologies for smart agriculture and smart city applications is creating potential growth opportunities for the LoRa gateway module market.
Moreover, a continuous increase in the number of companies providing LoRa gateway modules and technology in the countries of East and South Asia is expected to positively influence the growth of the LoRa gateway module market during the forecast period.
Competition Landscape – LoRa Gateway Module Market
Some of the key players covered in the global LoRa gateway module market research report include
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. Microchip Technology Inc. Nemeus GlobalSat WorldCom Corporation
These LoRa gateway module providers are continuously focusing on offering advanced products and following the strategy of entering into partnerships and collaborations with M2M and IoT device providers to offer advanced LoRa gateway modules and to reach new growth markets in the next few years.
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