LoRa Gateway is a crucial component in LoRaWAN deployments that facilitate communication between end devices like sensors using LoRa modulation and the network server. It receives uplink messages from end-nodes, carries out message validation and forwarding, and transmits downlink messages from the network server. Major applications of LoRa Gateway include smart home automation, smart agriculture, smart cities, industrial IoT, and asset tracking. Their ability to support large number of end-nodes, operate on low power, and excellent communication range of 15-30 kilometers drive their adoption.
The global LoRa Gateway Market is estimated to be valued at US$ 1.02 Bn in 2023 and is expected to exhibit a CAGR of 30.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of LoRa technology for long-range connectivity in IoT networks is a key factor driving the LoRa Gateway market. LoRa enables communication between battery operated devices over longer ranges compared to conventional wireless technologies. Also, government initiatives and investments to enable smart infrastructure are increasing deployments of LoRaWAN networks for applications like smart cities and utilities management. Further, the market players are focused on development of multi-band LoRa Gateways that support multiple communication protocols to provide flexibility and future-proofing. Advancements in LoRa semtech chips are also improving gateway performance. However, competition from alternative low power wide area network technologies may hamper market growth.
Threat of new entrants: The LoRa Gateway market has moderate threat of new entrants due to high investment requirement for R&D and manufacturing. However, the growing market offers opportunities for new players.
Bargaining power of buyers: Buyers have moderate to high bargaining power due to the availability of substitutes and possibility of forming buying alliance.
Bargaining power of suppliers: The suppliers have low to moderate bargaining power due to availability of substitute components and technologies.
Threat of new substitutes: Threat of substitution is moderate to high as alternatives like NB-IoT, Ethernet-based solutions etc are available in the market.
Competitive rivalry: High as the market is growing with presence of global and regional players.
The Global LoRa Gateway Market Demand is expected to witness high growth, exhibiting CAGR of 30.% over the forecast period, due to increasing adoption of IoT technologies and connectivity solutions across various industries.
Regional analysis: North America dominates the global LoRa Gateway market accounting for over 35% of the total market share in 2023, owing to presence of major players and developed IoT infrastructure in the region. Asia Pacific is anticipated to be the fastest growing region during the forecast period, led by countries like China and India increasing investments in smart infrastructure development.
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.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it