Low Power Wide Area Technology Market – Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2024

Low Power Wide Area (LPWA) technology is a network that enables connecting of devices requiring low bandwidth. LPWA can be used for connecting machine to machine (M2M) devices and serve as a low cost and power efficient solution in nature. Furthermore, the network has wide coverage area/range thereby supporting all kind of devices that can be connected through Internet of things (IOT). Wireless technologies such as Wi-Fi, Bluetooth, Zigbee can only be used for consumer oriented devices having short range.

LPWA market is expected to grow in coming years due to increasing number of IoT based devices and the need for better connectivity. LPWA technology is expected to be widely applicable in the area of public administration, healthcare, energy and education sector.

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LPWA has strong propagation which implies that the technology has the ability to reach deep underground hence facilitating strong connectivity of devices in basement area or in sewer. The low cost characteristic of LPWA makes it a flexible solution that can be implemented in wide range of businesses and can be used adjacently with cellular or satellite connectivity. Therefore, the LPWA market is expected to witness strong growth in utility sector in order to monitor residential gas and water meter in coming years.

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