Low power wide area network (LPWAN) is a wireless wide area network that is optimized for non-mission-critical applications in machine-to-machine (M2M) and Internet of Things (IoT) communications. LPWAN deployments benefit M2M and IoT applications in terms of extended coverage, low transmission rate, longer battery life, cost savings in operations, and lower pricing for network services. Leading LPWAN technologies include LoRaWAN®, Sigfox, RPMA® and Wi-SUN®.

Proprietary LPWANs typically operate in the license-free industrial, scientific, and medical (ISM) bands and are hence less expensive on a
per-connection basis than current mobile cellular and other licensed radio options. Latency is not the primary concern; hence long-range operation is feasible. However, they face strong competition from licensed LPWAN cellular-based technologies, since at the same time, the cellular industry is also developing standards to support M2M and IoT deployments in an efficient manner. Some of these technologies include narrowband (NB)-IoT and Long Term Evolution for Machine (LTE-M).

The Global LPWAN market is still at a growing stage; with network operators expanding public and private LPWAN networks across the globe.
In certain cases, operators are conducting trials of unlicensed LPWAN integrated with alternative technologies such as satellites for extended coverage or roaming capabilities.

This study will focus on the most advanced LPWAN deployments:
  • Proprietary LPWAN technologies (in unlicensed spectrum):
    • LoRaWAN®
    • Sigfox
    • RPMA®
    • Wi-SUN®
  • LPWAN Cellular technologies in licensed spectrum:
    • Narrowband IoT (NB-IoT)
    • Long-Term Evolution for Machines (LTE-M)

No single technology or company can meet the demands of IoT across sectors and consumers. While most technologies can be expected to coexist, the best alternatives will emerge from trial and error and by mapping features to requirements. The scale of IoT, though vast already, is still far from what can be achieved, and the demand has only just scratched the surface.

This market insight covers the following sections:
  • LPWAN overview and characteristics
  • Detailed leading LPWAN technologies
  • Market drivers and restraints
  • Market forecast in terms of connections
  • Competitive profiles of technology alliances and public network operators
  • Growth opportunities and strategic imperatives for success

The base year of this insight is 2021, with forecasts running up to 2025. The research highlights key trends impacting the Global LPWAN market and outlines future implications.