Global Lora Gateway Market Is Estimated To Witness High Growth
SWOT Analysis
Strength:
- Low power consumption: LoRa technology consumes very less power which helps in extending battery life of devices significantly. This makes it suitable for IoT applications.
- Long-range capabilities: LoRa gateways can communicate over long distances of 10-15 km in rural areas and 2-5 km in urban areas, making it suitable for wide area network applications.
- Easy to deploy network: LoRa gateways help create simple and easy to deploy network infrastructure for IoT devices quickly.
Weakness:
- Limited bandwidth: The maximum bandwidth supported by LoRa is 50kbps which limits its use for applications requiring high-speed data transfer.
- Interference issues: Signals from LoRa gateways can interfere with other radio technologies like Wi-Fi operating in the same spectrum.
Opportunity:
- Growing IoT market: The rising adoption of IoT devices across various sectors is driving demand for low-power wide-area networks like LoRa which leads to opportunities for gateway providers.
- Smart cities initiatives: Many smart city projects rely on connectivity of devices over large areas which LoRa gateways can efficiently support thereby opening new opportunities.
Threats:
- Competition: Established technologies like NB-IoT and proprietary solutions pose competition to LoRa gateways.
- Regulations: Changes in spectrum allocation policies can impact LoRa gateway deployments.
Key Takeaways
The Global LoRa Gateway Market Size is expected to witness high growth, exhibiting a CAGR of 30% over the forecast period, due to increasing adoption of IoT solutions across industries.
Regional analysis
The North America region dominates the LoRa gateway market currently owing to large-scale commercial deployments of LoRaWAN networks and growing smart city projects in the US and Canada. However, the Asia Pacific region is expected to grow at the fastest pace during the forecast period due to heavy investments in IoT infrastructure by governments of various countries like China, India to support industries and smart city missions.
Key players
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.
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