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LoRa Data Transmission Terminal Market Size - By Type (LoRaWAN Gateways, LoRa Sensors and Nodes, LoRa Modules, LoRa-Enabled Devices (e.g., Smart Meters, Asset Trackers), LoRa Development Kits), Application, End User and Component: Global & Forecast By 2033

  • PUBLISHED ON
  • 2024-10-09
  • NO OF PAGES
  • 290
  • CATEGORY
  • Electronics & Communication

Market Overview

LoRa Data Transmission Terminal Market was valued at USD 1.8 billion in 2022 and is estimated to reach a value of 3.8 billion by 2033, with a linear growth behavior at a CAGR of 21.6% during the forecast period 2023-2033.

The market is witnessing several key trends that are shaping its growth and development. These trends reflect the evolving needs and preferences of businesses and industries that utilize LoRa technology for data transmission. Here are some key trends in the LoRa Data Transmission Terminal market:

Rapid Growth of IoT Applications: The Internet of Things (IoT) continues to expand across various industries, driving the demand for LoRa Data Transmission Terminals. LoRa technology's long-range and low-power capabilities make it well-suited for a wide range of IoT applications, including smart cities, agriculture, and industrial automation.

Smart Cities and Infrastructure: LoRa technology plays a crucial role in the development of smart cities and infrastructure. It enables efficient management of utilities, street lighting, parking, and environmental monitoring. The deployment of LoRaWAN networks in urban areas is a growing trend.

Agriculture and Precision Farming: The agriculture sector increasingly relies on IoT solutions for precision farming. LoRa-based sensors and terminals help farmers monitor soil conditions, crop health, and irrigation, leading to improved yields and resource efficiency, which has garnered significant investment for LoRa data transmission terminal market.

Industrial IoT (IIoT) Adoption: Industries such as manufacturing, logistics, and utilities leverage LoRa technology for IIoT applications. This includes asset tracking, predictive maintenance, and remote monitoring of machinery and equipment.

Customized LoRa Modules: Manufacturers are offering customized LoRa modules and solutions tailored to specific industry needs. These modules often come with pre-configured firmware and sensors, making it easier for businesses to deploy IoT solutions, thereby boosting the growth of LoRa data transmission terminal market.

Battery Life Optimization: Extending the battery life of LoRa devices remains a priority. Innovations in energy-efficient hardware and firmware contribute to longer device lifespans, reducing maintenance costs.

Hybrid Network Deployments: Some industries are adopting hybrid networks that combine LoRaWAN with other connectivity options like 5G and satellite communication. This approach provides flexibility and ensures connectivity in diverse environments, thus providing up thrust for LoRa data transmission terminal market.

Security Enhancements: With the growing importance of IoT security, LoRaWAN networks are implementing advanced security features to protect data transmission and device integrity.

Global LoRaWAN Standardization: LoRa Alliance, the industry association promoting LoRa technology, continues to work on global standardization efforts. Standardized solutions help drive interoperability and ease of adoption.

These key trends highlight the versatility and growth potential of the LoRa Data Transmission Terminal market as it continues to address the evolving needs of industries and businesses in the IoT era.

Market Scope

Report Attributes

Description

Market Size in 2023

USD 1,800  Million

Market Forecast in 2033

USD 3,800 Million

CAGR % 2023-2033

21.6%

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023-2033

Report USP

company share, company heatmap, company production capacity, growth factors and more

Growth Drivers

Cost effectiveness of LoRA technology

Growing demand from Smart Agriculture

LoRa devices have low power consumption, allowing for long battery life in remote sensors and devices. This is crucial for applications where frequent battery replacement is impractical.

Segments Covered

Type, component, application and end user

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Microchip Technology,     Kerlink,     Circuit Design, Inc.,     Advantech Technology,     Radiometrix,     Four-Faith,     Nemeus,     Jinan USR IOT Technology,     Chengdu Ebyte Electronic Technology,     ICP DAS,     REDZ Smart Communication Technologies,     NiceRF,     ComWinTop,

 

Market Dynamics

Cost-effective infrastructure is a hallmark of LoRaWAN (Long Range Wide Area Network) technology, making it a compelling choice for a wide range of Internet of Things (IoT) applications. LoRaWAN's cost-effectiveness stems from several key factors, collectively contributing to its appeal in industries and sectors seeking efficient and budget-friendly IoT connectivity solutions.

 

One of the primary drivers of cost-effectiveness in LoRaWAN is its low power consumption. LoRaWAN devices, including sensors and endpoints, are designed to operate on minimal power, enabling them to function for extended periods on battery power alone. This characteristic eliminates the need for frequent battery replacements, which can be a significant ongoing cost in IoT deployments, thereby propelling the growth of LoRa data transmission terminal market.

Another crucial advantage is the long-range connectivity provided by LoRa technology. LoRaWAN-enabled devices can communicate over several kilometers without requiring an extensive network of gateways or base stations. This results in significant infrastructure cost savings, as fewer gateways are needed to cover a wide area. LoRaWAN's focus on low data rates aligns with the requirements of many IoT applications. In scenarios where high bandwidth is unnecessary, the technology's efficient use of network resources minimizes infrastructure costs. Moreover, the scalability of LoRaWAN networks ensures that the cost per device decreases as the network expands to accommodate a large number of connected devices.

Site rental expenses are also reduced with LoRaWAN deployment. Gateways can be installed on existing infrastructure, such as rooftops or utility poles, mitigating the need for costly construction of cellular towers or dedicated infrastructure.

Open standards and interoperability are fundamental to LoRaWAN, allowing devices from various manufacturers to function seamlessly within the same network. This fosters competition in the LoRa data transmission terminal market, driving down device costs and providing cost-conscious consumers with more options.

Additionally, LoRaWAN's minimal data transmission costs result from the small size and infrequent nature of data packets in many IoT applications. This feature is particularly advantageous when compared to cellular data charges, which can be cost-prohibitive for IoT deployments.

The overall maintenance efficiency of LoRaWAN networks further contributes to their cost-effectiveness. Low-power LoRa devices require fewer maintenance visits for battery replacements, reducing ongoing operational expenses. Additionally, LoRaWAN networks are designed with minimal maintenance requirements in mind. Furthermore, regulatory support and spectrum allocation by many governments and regulatory bodies eliminate the need for expensive spectrum licensing, further lowering the entry barriers for LoRaWAN deployment.

In essence, the cost-effective infrastructure offered by LoRaWAN technology empowers businesses, municipalities, and organizations to implement diverse IoT applications without the burden of exorbitant connectivity expenses. It aligns financial prudence with the growing demand for IoT solutions, making LoRa data transmission terminal market an increasingly attractive choice in the ever-expanding landscape of IoT connectivity.

 

Type Analysis

Based on type, the LoRa data transmission terminal market is segmented into LoRaWAN Gateways, LoRa Sensors and Nodes, LoRa Modules, LoRa-Enabled Devices (e.g., Smart Meters, Asset Trackers), LoRa Development Kits. LoRawan gateways dominate the market with an active share of 35.16% in 2022, owing to key trends that are shaping the landscape of Internet of Things (IoT) connectivity. These trends reflect the evolving needs and capabilities of IoT deployments and underscore the significance of LoRaWAN gateways in enabling efficient and scalable IoT solutions.

One prominent trend is the growing demand for outdoor LoRaWAN gateways. As IoT applications expand into various sectors, including agriculture, smart cities, and industrial automation, the need for gateways that can withstand harsh environmental conditions and provide extended coverage is on the rise. Outdoor gateways are equipped to handle adverse weather, ensuring reliable connectivity for outdoor IoT devices such as agricultural sensors and smart infrastructure.

Another notable trend in the LoRa data transmission terminal market, is the integration of multi-modulation capabilities into LoRaWAN gateways. This enhancement allows gateways to support not only LoRa modulation but also other wireless communication technologies like cellular or Wi-Fi. Multi-modulation gateways provide flexibility and redundancy, enabling IoT networks to seamlessly switch between different connectivity options based on factors like network availability and cost-effectiveness.

 

End User Analysis

Based on end user, the LoRa data transmission terminal market is segmented into Agriculture, Smart Cities, Industrial IoT (IIoT), Healthcare, Transportation and Logistics, Utilities, Environmental Monitoring, Retail, Others. Industrial IoT accounts for the major share around 30.16% in 2022, backed by major key trends such as The industrial Internet of Things (IoT) is rapidly evolving, and within this landscape, LoRa data transmission terminals are witnessing key trends that are reshaping the market. These trends reflect the growing demand for efficient and scalable IoT solutions in industrial settings, where reliability and connectivity are paramount.

One significant trend is the increasing adoption of LoRa data transmission terminals in industrial automation and monitoring applications. Industries such as manufacturing, logistics, and agriculture are deploying LoRa-enabled sensors and devices to collect data from remote or challenging environments. This trend aligns with the industry's drive toward automation and data-driven decision-making, where LoRaWAN technology offers the reliability and long-range connectivity required.

LoRa data transmission terminals are also seeing growing use in asset tracking and management within industrial sectors. These terminals enable real-time tracking of assets, equipment, and vehicles, providing valuable insights into asset utilization and maintenance needs. As industries strive for operational efficiency and cost reduction, asset tracking using LoRa technology becomes a key enabler, thereby providing a smoother base for the overall LoRa data transmission terminal market

Edge computing capabilities integrated into LoRa data transmission terminals are another notable trend. With the ability to process data at the edge of the network, these terminals reduce latency and enable rapid decision-making. This is particularly valuable in applications where immediate responses to data are critical, such as predictive maintenance or safety monitoring in industrial settings.

The convergence of LoRaWAN technology with other connectivity options is gaining momentum. LoRa data transmission terminals are being designed to support multi-modulation capabilities, allowing seamless integration with cellular or Wi-Fi networks. This trend enhances the versatility of IoT deployments, enabling hybrid solutions that leverage the strengths of different connectivity options.

Regional Analysis

Based on the geographic scope, LoRa data transmission terminal market is segmented into North America, Europe, APAC, South America and MEA.  Asia  Pacific dominates the market with an active share of 35.1% in 2022. The Asia Pacific (APAC) region is a dynamic and rapidly evolving market for LoRa data transmission terminals, with several key trends and innovations shaping its trajectory. These trends highlight the region's commitment to harnessing IoT technologies for various applications and industries.

Smart Cities Initiatives: APAC is at the forefront of smart city development, with many governments investing in infrastructure and IoT solutions to improve urban living. LoRa data transmission terminals are playing a pivotal role in smart city projects, enabling applications such as smart lighting, waste management, and environmental monitoring. The region's commitment to sustainability and urban efficiency is driving the adoption of LoRa data transmission terminal market.

Agricultural IoT: Agriculture is a cornerstone of many APAC economies, and IoT is revolutionizing this sector. LoRa data transmission terminals are being used for precision agriculture, enabling farmers to monitor soil conditions, weather, and crop health remotely. Innovations in this space include the integration of LoRa devices with drones for aerial data collection and analysis.

Industrial Automation: APAC is home to a significant manufacturing sector, and industrial automation is a key trend. LoRa data transmission terminals are being deployed for real-time monitoring and control of industrial processes. Innovations include edge computing capabilities that allow data processing at the factory floor, reducing latency and enhancing automation efficiency thus boosting the LoRa data transmission terminal market growth.

Asset Tracking: Efficient supply chain management is crucial in the APAC region, and LoRa-based asset tracking solutions are gaining prominence. From tracking shipping containers in ports to monitoring the location of goods in transit, LoRa data transmission terminals are helping businesses optimize their logistics operations.

Environmental Monitoring: Given the region's vulnerability to natural disasters and environmental challenges, IoT-enabled environmental monitoring is a significant trend. LoRaWAN technology is being used to monitor air and water quality, detect earthquakes, and provide early warning systems for tsunamis and floods. These innovations contribute to public safety and disaster preparedness.

Multi-Modal Connectivity: To ensure robust and reliable IoT networks, APAC is witnessing the integration of LoRaWAN with other connectivity options, such as cellular and satellite. This multi-modal approach ensures seamless connectivity in diverse environments, from densely populated cities to remote rural areas, thereby enhancing the adoption of technology and fostering the growth of LoRa data transmission terminal market

Low-Power Innovations: Energy efficiency remains a focus in APAC, where remote and off-grid applications are prevalent. Innovations in low-power LoRa data transmission terminals are extending battery life and reducing maintenance costs. This is particularly important in applications like remote agriculture and environmental monitoring.

Collaborative Ecosystems: APAC countries are fostering collaborative ecosystems that bring together technology providers, startups, government bodies, and research institutions. These ecosystems are driving innovation in IoT solutions, including LoRa data transmission terminals, by providing a platform for knowledge sharing and LoRa data transmission terminal market development.

Security Enhancements: As IoT adoption grows, so do concerns about cybersecurity. Innovations in LoRaWAN security protocols and authentication mechanisms are addressing these concerns, ensuring the integrity and confidentiality of data transmitted over LoRa networks.

In conclusion, the APAC region is witnessing a dynamic landscape in the LoRa data transmission terminal market, driven by a wide range of applications and a commitment to innovation. These trends reflect the region's diverse needs and the transformative potential of IoT technologies in addressing societal, environmental, and industrial challenges.

Competitive Analysis

Some of the major companies operating within the LoRa data transmission terminal market market are : Microchip Technology,     Kerlink,     Circuit Design, Inc.,     Advantech Technology,     Radiometrix,     Four-Faith,     Nemeus,     Jinan USR IOT Technology,     Chengdu Ebyte Electronic Technology,     ICP DAS,     REDZ Smart Communication Technologies,     NiceRF,     ComWinTop.

Below figure depicts the top 3 company’s share in LoRa data transmission terminal market in terms of value:

Source: We Market Research

 

Market Segmentation

By Type

·         LoRaWAN Gateways

·         LoRa Sensors and Nodes

·         LoRa Modules

·         LoRa-Enabled Devices (e.g., Smart Meters, Asset Trackers)

·         LoRa Development Kits

 

By Application

·         Asset Tracking

·         Smart Agriculture

·         Smart Metering (Water, Gas, Electricity)

·         Environmental Monitoring

·         Building Automation

·         Supply Chain Management

·         Smart Parking

·         Healthcare Monitoring

·         Industrial Automation

·         Security and Surveillance

·         Others

By End User

·         Agriculture

·         Smart Cities

·         Industrial IoT (IIoT)

·         Healthcare

·         Transportation and Logistics

·         Utilities

·         Environmental Monitoring

·         Retail

·         Others

By Component

·         LoRa Chips

·         LoRa Antennas

·         Batteries

·         Enclosures

·         Other Hardware Components

1.       Global LoRa Data Transmission Terminal Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global LoRa Data Transmission Terminal Market Scope and Market Estimation

1.2.1. Global LoRa Data Transmission Terminal Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global LoRa Data Transmission Terminal Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Type of Global LoRa Data Transmission Terminal Market

1.3.2. Component of Global LoRa Data Transmission Terminal Market

1.3.3. Application of Global LoRa Data Transmission Terminal Market

1.3.4. End User of Global LoRa Data Transmission Terminal Market

1.3.5. Region of Global LoRa Data Transmission Terminal Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.    Global LoRa Data Transmission Terminal Market Application Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global LoRa Data Transmission Terminal Market Application Development

3.2.    Market Dynamics

3.2.1. Drivers

3.2.2. Limitations

3.2.3. Opportunities

3.2.4. Impact Analysis of Drivers and Restraints

3.3.    Value Chain/ Ecosystem Analysis

3.3.1. Manufacturers / Vendors

3.3.2. Distributors

3.3.3. Buyers / End-users

3.3.4. Forward Integration & Backward Integration of Key Stakeholders

3.4.    Global LoRa Data Transmission Terminal Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.    Porter’s Five Forces Analysis

3.5.1. Bargaining Power of Suppliers

3.5.2. Bargaining Power of Buyers

3.5.3. Threat of Substitutes

3.5.4. Threat of New Entrants

3.5.5. Competitive Rivalry

3.6.    PEST Analysis

3.6.1. Political Factors

3.6.2. Economic Factors

3.6.3. Social Factors

3.6.4. Technological Factors

3.7.    Impact of Russia Ukraine War on LoRa Data Transmission Terminal Market

3.8.    Impact of Economic Downturn on LoRa Data Transmission Terminal Market

3.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global LoRa Data Transmission Terminal Market Estimates & Forecast Trend Analysis, by type

4.1.    Global LoRa Data Transmission Terminal Market Revenue (US$ Mn) Estimates and Forecasts, by type, 2019 to 2033

4.1.1.    LoRaWAN Gateways

4.1.2. LoRa Sensors and Nodes

4.1.3. LoRa Modules

4.1.4. LoRa-Enabled Devices (e.g., Smart Meters, Asset Trackers)

4.1.5. LoRa Development Kits        

5.       Global LoRa Data Transmission Terminal Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global LoRa Data Transmission Terminal Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1. Asset Tracking

5.1.2. Smart Agriculture

5.1.3. Smart Metering (Water, Gas, Electricity)

5.1.4. Environmental Monitoring

5.1.5. Building Automation

5.1.6. Supply Chain Management

5.1.7. Smart Parking

5.1.8. Healthcare Monitoring

5.1.9. Industrial Automation

5.1.10.     Security and Surveillance

5.1.11.     Others

6.       Global LoRa Data Transmission Terminal Market Estimates & Forecast Trend Analysis, by End User

6.1.    Global LoRa Data Transmission Terminal Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by End User, 2019 to 2033

6.1.1.     Agriculture

6.1.2. Smart Cities

6.1.3. Industrial IoT (IIoT)

6.1.4. Healthcare

6.1.5. Transportation and Logistics

6.1.6. Utilities

6.1.7. Environmental Monitoring

6.1.8. Retail

6.1.9. Others

7.       Global LoRa Data Transmission Terminal Market Estimates & Forecast Trend Analysis, by Component

7.1.    Global LoRa Data Transmission Terminal Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Component, 2019 to 2033

7.1.1.     LoRa Chips

7.1.2. LoRa Antennas

7.1.3. Batteries

7.1.4. Enclosures

7.1.5. Other Hardware Components

8.       Global LoRa Data Transmission Terminal Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global LoRa Data Transmission Terminal Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2033

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America

9.       North America LoRa Data Transmission Terminal Market: Estimates & Forecast Trend Analysis

9.1.    North America LoRa Data Transmission Terminal Market Assessments & Key Findings

9.1.1. LoRa Data Transmission Terminal Market Introduction

9.1.2. LoRa Data Transmission Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1. By Type

9.1.2.2. By Component

9.1.2.3. By Application

9.1.2.4. By End User

9.1.2.5. By Country

9.1.2.5.1.      The U.S.

9.1.2.5.2.      Canada

9.1.2.5.3.      Mexico

10.   Europe LoRa Data Transmission Terminal Market: Estimates & Forecast Trend Analysis

10.1. Europe LoRa Data Transmission Terminal Market Assessments & Key Findings

10.1.1.    LoRa Data Transmission Terminal Market Introduction

10.1.2.    LoRa Data Transmission Terminal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1. By Type

10.1.2.2. By Component

10.1.2.3. By Application

10.1.2.4. By End User

10.1.2.5.      By Country

10.1.2.5.1.   Italy

10.1.2.5.2.   Germany

10.1.2.5.3.   U.K.

10.1.2.5.4.   France

10.1.2.5.5.   Spain

10.1.2.5.6.   Rest of Europe

11.   Asia Pacific LoRa Data Transmission Terminal Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Market Assessments & Key Findings

11.1.1.     LoRa Data Transmission Terminal Market Introduction

11.1.2.     LoRa Data Transmission Terminal Market Size and Volume Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1. By Type

11.1.2.2. By Component

11.1.2.3. By Application

11.1.2.4. By End User

11.1.2.5.      By Country

11.1.2.5.1.   China

11.1.2.5.2.   Japan

11.1.2.5.3.   India

11.1.2.5.4.   Australia

11.1.2.5.5.   South Korea

11.1.2.5.6.   ASEAN

11.1.2.5.7.   Rest of Asia Pacific

12.   Middle East & Africa LoRa Data Transmission Terminal Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Market Assessments & Key Findings

12.1.1.    LoRa Data Transmission Terminal Market Introduction

12.1.2.    LoRa Data Transmission Terminal Market Size and Volume Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1. By Type

12.1.2.2. By Component

12.1.2.3. By Application

12.1.2.4. By End User e

12.1.2.5.      By Country

12.1.2.5.1.   U.A.E.

12.1.2.5.2.   Saudi Arabia

12.1.2.5.3.   Egypt

12.1.2.5.4.   South Africa

12.1.2.5.5.   Rest of Middle East & Africa

13.   South America LoRa Data Transmission Terminal Market: Estimates & Forecast Trend Analysis

13.1. South America Market Assessments & Key Findings

13.1.1.    LoRa Data Transmission Terminal Market Introduction

13.1.2.    LoRa Data Transmission Terminal Market Size and Volume Estimates and Forecast (US$ Million) (2019 – 2033)

13.1.2.1. By Type

13.1.2.2. By Component

13.1.2.3. By Application

13.1.2.4. By End User

13.1.2.5.      By Country

13.1.2.5.1.   Brazil

13.1.2.5.2.   Argentina

13.1.2.5.3.   Colombia

13.1.2.5.4.   Rest of South America

14.   Competition Landscape

14.1. LoRa Data Transmission Terminal Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2. LoRa Data Transmission Terminal Market Competition White Space Analysis, By End-user

14.3. LoRa Data Transmission Terminal Market Competition Regional Intensity Map Analysis, By Geographies Served

14.4. LoRa Data Transmission Terminal Market Concentration & Company Market Shares (%) Analysis, 2022

15.   Company Profiles

15.1. Semtech

15.1.1.     Company Overview & Key Stats

15.1.2.     Financial Performance & KPIs

15.1.3.     Product Portfolio

15.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.2.     Microchip Technology

15.3.     Kerlink

15.4.     Circuit Design, Inc.

15.5.     Advantech Technology

15.6.     Radiometrix

15.7.     Four-Faith

15.8.     Nemeus

15.9.     Jinan USR IOT Technology

15.10.        Chengdu Ebyte Electronic Technology

15.11.        ICP DAS

15.12.        REDZ Smart Communication Technologies

15.13.        NiceRF

15.14.        ComWinTop

15.15.    Others  

15.16.     Others**

16.   Research Methodology

16.1. External Power Outputs / Databases

16.2. Internal Proprietary Database

16.3. Primary Research

16.4. Secondary Research

16.5. Assumptions

16.6. Limitations

16.7. Report FAQs

17.   Research Findings & Conclusion

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of LoRa data transmission terminal market in 2022?

LoRa data transmission terminal market was valued at USD 1.8 billion in 2022 and is estimated to reach a value of 3.8 billion by 2033, with a linear growth behavior at a CAGR of 21.6% during the forecast period 2023-2033.

Which are the top 3 companies operating within the market?

Top 3 companies operating within the global market are Semtech, Microchip Technology and Kerlink.

What are the key drivers within the market?

One of the primary drivers of cost-effectiveness in LoRaWAN is its low power consumption. LoRaWAN devices, including sensors and endpoints, are designed to operate on minimal power, enabling them to function for extended periods on battery power alone.

Which region dominates the LoRa data transmission terminal market?

APAC dominates the market with an active share of 35.1%, while Europe is estimated to grow at a higher CAGR of 24%.

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