Low Power Wide Area Internet of Things Market Share, Size, Global Insights and Future Outlook

Summary

Low power wide area (LPWA) IoT technologies in unlicensed spectrum are growing in coverage and adoption, while standardized technologies for use in licensed spectrum are to become available later this year. The benefits of low cost, low power and broad coverage (including indoor) address a wide range of different application requirements which cellular, short range wireless and other connectivity options cannot match.

Therefore growth is forecast to be very high. A number of proprietary LPWA technologies are available today, with deployments widening. We see that there are three key contenders emerging: SIGFOX, LoRa and RPMA, each of which enjoys different advantages and disadvantages in terms of capability, industry support, business model, degree of coverage and level of adoption. 3GPP LPWA standards, notably LTE-M and NB-IoT, will be finalized by mid-2016, and the first products are expected by the end of 2016

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Key Findings

- LPWA technologies provide significant improvements in terms of power consumption, coverage and pricing over cellular and other M2M connectivity technologies, and as a result we expect to see strong adoption in coming years. Between 2015 and 2020, we forecast that cellular M2M connections will grow from 310m to 715m and LPWA M2M connections will grow from 20m to over 860m.

- Smart meters will, by some margin, be the largest application with 45% of total LPWA connections in 2020. Industrial/financial applications will be the second largest, followed by consumer electronics, a broad category where we expect very high growth rates around 2020. Smart city applications, notably intelligent lighting/parking and smart buildings, are forecast to account for 12% of total LPWA connections in 2020. The adoption of LPWA in land vehicle-based applications is expected to be limited.

- North America is initially the...