Asia Pacific LPWAN market size to exceed US$20 bn by 2027

According to a recent study from market research firm Graphical Research, the Asia Pacific LPWAN market size is set to register a significant growth during the forecast timeframe. Developing countries of the region, especially China, Japan, and India, are majorly focused on smart city development, which requires the deployment of networks such as the LPWAN. Speaking of India, the country is well on its way to achieving its government’s goal of 100 smart cities in the country. This necessitates significant investment in both networks and the ecosystem, from chips and devices to apps and services.

AT&T Inc, Avnet, Inc., Cisco Systems, LORIOT AG, Orange Business Services, Qualcomm Technologies, are counted amongst the leading LPWAN companies operating in the region. As these leaders focus on growing their market presence with a slew of marketing strategies, and product innovations, the industry is likely to see an influx of novel competitive products.

In July 2021, QuickLogic Corp partnered with Zifisense to launch ZETA, a TinyML kit. It is a full-stack LPWAN technology that is suitable for large scale deployments. It helps the organization in solving issues, such as high terminal power consumption and limited wide area coverage, in the IoT industry. It is expected that Asia Pacific LPWAN market size will be worth over $20 billion by 2027.

The following factors will favor the industry growth through 2027:

LoRaWAN deployment gains traction across the region
Given the rising demand for IoT devices, APAC LoRaWAN market is expected to register a CAGR of more than 50% through 2027. LoRa systems are gaining traction in emerging nations such as India, China, and Japan because they offer a wide range of IoT use cases such as smart cities and smart agriculture.

Massive IoT deployments in a variety of end-user industries, including utilities, manufacturing, transportation, and healthcare, are likely to raise demand for LPWAN technologies to enable connected devices that require low power consumption, extended ranges, and affordable prices. CrisisGo’s Safety would be a perfect example to mention here. The system is powered by AWS IoT Core for LoRaWAN. OneClick, an easy-to-use physical wireless panic button device, assists schools in meeting safety standards such as Alyssa’s Law, extending safety procedures to any place, and obtaining assistance at the touch of a button.

Data management made easy with cloud-based LPWAN model
Thanks to the increased usage of IoT devices across multiple end-user sectors, APAC LPWAN market share from cloud-based model is expected to grow with a CAGR of more than 75% through 2027. Massive amounts of data are generated by IoT devices. To efficiently manage this massive data, cloud solutions offer real-time data analytics that aid in smoother organizational workflow and efficiency. They also allow businesses to protect their IoT networks, store & manage data, and route it to their preferred cloud platforms.

Smart city development to drive Japan LPWAN industry forecast
The growing urban population in the region demands safer and higher-quality living conditions, especially throughout urban centers. This can be made possible with the use of IoT devices that incorporate technology to improve the living conditions of its residents. Another factor that represents growth in smart city development is the quality of internet available there.

Several leading telecom providers have been proactively concentrating on commercializing 5G networks to upgrade the quality of their internet offerings. Back in 2020, Softbank Corporation collaborated with Ericsson to supply cloud native 5G cores for its 5G standalone networks. The firm used Ericsson’s dual mode 5G core to facilitate the creation of enterprise use cases. Considering the fast-paced development of smart city networks across the region, Japan Low Power Wide Area Network (LPWAN) Market size is estimated to account for $3 billion in revenue by 2027.

CT Bureau