LoRa
Gateway Market Industry Analysis, Growth, Trends and Forecast - 2031

The
global LoRa gateway market is anticipated to grow at a significant CAGR during
the forecast period (2024-2031). The market growth is majorly attributed owing
to the rising adoption of IoT devices. The large and ever-growing IoT networks
are expected to foster a substantial demand for the LoRa gateway modules. For
instance, as per the data provided by the GSMA (Groupe Spécial Mobile
Association), the number of IoT connections (non-cellular and cellular) is
expected to increase by more than threefold all over the globe between 2017 and
2025 and reach 25 billion. To further clarify this, in the year 2017, the total
number of IoT connections in the Asia-Pacific region alone was nearly 2.8
billion, and this is expected to reach 10.9 billion in 2025.

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Another
key factor driving the market growth includes the rising trend of industrial
automation as it is the most lucrative application for LoRa gateway modules.
Escalating demand for industrial automation and the growing trend of ‘Industry
4.0’ are further pushing the global LoRa gateway module market. Some key
players operating in the market include Semtech Corp., Beijing ManThink
Technology Co., Ltd., and Guangdong Dapu Telecom Technology Co., Ltd., among
others. These players are eyeing to strengthen their position in the market by
adopting strategies such as mergers and acquisitions, partnerships,
collaborations, new product launches and development in the existing product
portfolio, and so on. 

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Market
Coverage

• Segment Covered- 

o             By Product 

o             By Application

• Competitive
  Landscape:  Semtech Corp., Beijing ManThink Technology Co., Ltd., and
  Guangdong Dapu Telecom Technology Co., Ltd., among others.

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
LoRa Gateway Market Report Segmentation

By
Product

•                
Outdoor Gateway

•                
Indoor Gateway

By
Application

•                
Industrial Automation 

•                
Asset Tracking 

•                
Home Automation

•                
Smart City

•                
Smart Agriculture

•                
Others

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