US LoRa LoRaWAN IoT Market Research Report: By Offering (Hardware, Platform, Services), By Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture, Livestock Management, Smart Buildings, Smart Healthcare, Other Applications) and By End User (Retail, Manufacturing, Transportation, Logistics, Agriculture, Healthcare, Energy, Utilities, Government, Public Safety, Enterprise, Residential, Travel, Hospitality) - Forecast to 2035

US LoRa LoRaWAN IoT Market Overview:

As per MRFR analysis, the US LoRa LoRaWAN IoT Market Size was estimated at 1.66 (USD Billion) in 2023. The US LoRa LoRaWAN IoT Market Industry is expected to grow from 2.5(USD Billion) in 2024 to 65 (USD Billion) by 2035. The US LoRa LoRaWAN IoT Market CAGR (growth rate) is expected to be around 34.473% during the forecast period (2025 - 2035).

Key US LoRa LoRaWAN IoT Market Trends Highlighted

The US LoRa LoRaWAN IoT market is experiencing significant growth driven by several key market drivers. A major factor is the increasing demand for low-power, wide-area networks (LPWAN) that facilitate the deployment of connected devices across various sectors, including agriculture, logistics, and smart cities. The adoption of LoRa technology is further aided by its capability to cover long distances and penetrate urban environments, which makes it suitable for diverse applications such as remote monitoring and asset tracking. Additionally, the focus on smart city initiatives across the United States is expanding opportunities for LoRaWAN, as cities seek to implement innovative solutions that enhance urban living. 

There are several opportunities to be explored in the US market. The push for sustainability and green technologies is encouraging the use of IoT solutions that reduce energy consumption and improve resource management. Stakeholders are likely to benefit from integrating LoRaWAN technology into environmental monitoring systems, which can aid in combating issues such as air pollution and water management. This synergy between environmental goals and technology represents a promising avenue for growth. Recent trends indicate a rise in collaboration between private companies and government agencies to promote the adoption of LoRaWAN networks. 

Research and pilot projects conducted in various states have demonstrated the efficacy of these networks, fostering interest among stakeholders, including innovators and investors.As more reliable data becomes available about the performance and benefits of LoRa technology, it may further encourage businesses to invest. The increasing integration of artificial intelligence (AI) with IoT solutions is also expected to enhance the capabilities of LoRaWAN applications, leading to smarter and more efficient systems. Overall, the US LoRa LoRaWAN IoT market is evolving rapidly with a strong push towards innovative applications and sustainability, marking a transformative phase in the industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US LoRa LoRaWAN IoT Market Drivers

Rising Adoption of Smart City Initiatives

The increasing push for smart city developments in the United States plays a crucial role in propelling the US LoRa LoRaWAN Internet of Things Market Industry. According to the Smart Cities Council, approximately 50 cities across the US have adopted initiatives aimed at improving urban infrastructure through technology. These initiatives often focus on deploying smart lighting, waste management, and parking solutions, which utilize LoRa LoRaWAN technology due to its low power requirements and long-range connectivity.By integrating LoRa LoRaWAN solutions, cities can enhance efficiency and reduce operational costs. As cities strive to achieve sustainability goals, they are turning to IoT technologies like LoRa LoRaWAN, leading to increased market demand and substantial growth in this sector. The US Government also advocates for smart city innovations through programs and funding opportunities, positioning the US LoRa LoRaWAN IoT Market for significant expansion.

Growing Investment in Agriculture Technology

Agriculture is undergoing a transformation in the United States, with increasing reliance on technology to optimize crop yields and resource management. The US Department of Agriculture has reported that precision agriculture practices, which often utilize IoT solutions like LoRa LoRaWAN, can increase yield by up to 20 percent while using resources more efficiently. With over 90 million acres of farmland in the US, the potential for widespread adoption of LoRa LoRaWAN sensors for monitoring soil conditions, crop health, and weather patterns presents enormous opportunities.As more farmers adopt these technologies to cope with challenges such as climate change and food security, the US LoRa LoRaWAN IoT Market Industry sees promising growth driven by investments in agricultural technology solutions.

Government Initiatives for IoT Development

The US government has demonstrated a strong commitment to fostering the growth of IoT technologies, including LoRa LoRaWAN. Initiatives like the National IoT Strategy aim to create a conducive environment for innovation and deployment. The Federal Communications Commission (FCC) has also been working towards allocating more spectrum for IoT applications, thereby reducing barriers to entry for new players. With substantial federal funding and support for Research and Development in IoT, an estimated $1 billion investment over the next few years is set to bolster this emerging market.This government backing enhances investor confidence and facilitates the expansion of the US LoRa LoRaWAN IoT Market Industry by driving innovations and enhancing technological infrastructure in the region.

Increasing Demand for Sustainable Energy Solutions

With a heightened focus on sustainability, there is a growing demand in the United States for IoT solutions that assist in energy management. The US Energy Information Administration has noted that smart meters and grid management solutions contribute significantly to energy savings, with businesses reporting up to 15 percent savings in operational energy costs with the integration of IoT technologies. Technologies that utilize LoRa LoRaWAN due to their capability for monitoring energy consumption in real time are increasingly being adopted by utilities and corporations alike.The rising emphasis on reducing carbon footprints aligns with the features that LoRa LoRaWAN offers, such as low energy consumption and extensive coverage, driving substantial growth in the US LoRa LoRaWAN IoT Market Industry as sectors transition to more sustainable operations.

US LoRa LoRaWAN IoT Market Segment Insights:

LoRa LoRaWAN IoT Market Offering Insights

The US LoRa LoRaWAN IoT Market is experiencing substantial growth, with the Offering segment playing a crucial role in its expansion. This segment is broadly categorized into Hardware, Platform, and Services, each contributing uniquely to the ecosystem of Internet of Things applications across various industries. Hardware encompasses a range of devices including sensors and gateways, which are essential for the deployment of LoRa networks. 

These devices are pivotal for enabling long-range, low-power communication, which is particularly beneficial in applications such as agriculture, smart cities, and environmental monitoring.The Platform aspect involves software solutions that facilitate connectivity, data management, and application development; its importance has surged as organizations seek to harness IoT data for improved decision-making and operational efficiency. Furthermore, Services include ongoing support, maintenance, and consulting that enhance the deployment and scalability of LoRa technology. The rising demand for integrated solutions and the increasing importance of data-driven strategies are pushing the Offering segment towards significant growth. 

It is important to note that the US government actively promotes the development of IoT technologies, providing a conducive environment for innovations within this segment.Overall, the Offering segment is essential for ensuring that businesses can effectively leverage LoRa LoRaWAN technology to optimize their operations and meet the growing connectivity demands in an evolving digital landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

LoRa LoRaWAN IoT Market Application Insights

The Application segment of the US LoRa LoRaWAN IoT Market plays a crucial role in driving market growth and innovation across various industries. This segment includes diverse applications such as Asset Tracking, Industrial IoT, Smart Cities, Smart Agriculture, Livestock Management, Smart Buildings, and Smart Healthcare, each contributing uniquely to the market's evolution. Asset Tracking has gained prominence for its efficiency in real-time monitoring and management of assets, enhancing operational efficiency in sectors like logistics. Industrial IoT fosters connectivity and data sharing among machines, which leads to improved productivity and predictive maintenance practices.In Smart Cities, the integration of IoT solutions enhances urban management, including waste, traffic, and energy solutions, making cities more sustainable. 

Smart Agriculture and Livestock Management utilize sensor technologies to optimize farming practices and monitor livestock health, significantly boosting yield and productivity. Smart Buildings contribute to energy efficiency and user convenience through automated systems. Smart Healthcare applications enhance patient monitoring and telemedicine services, thereby improving health outcomes.The increasing demand for these applications alongside technological advancements is shaping the US LoRa LoRaWAN IoT Market’s landscape, indicating a trend towards greater interoperability and system integration across various sectors.

LoRa LoRaWAN IoT Market End User Insights

The US LoRa LoRaWAN IoT Market is characterized by its diverse End User landscape, incorporating key sectors such as Retail, Manufacturing, Transportation, Logistics, Agriculture, Healthcare, Energy, Utilities, Government, Public Safety, Enterprise, Residential, Travel, and Hospitality. Each of these sectors leverages the unique capabilities of LoRaWAN technology to enhance operational efficiency and drive innovation. For instance, in Retail and Manufacturing, the technology facilitates inventory management and supply chain optimization, enabling businesses to respond swiftly to market demands.

In Transportation and Logistics, real-time tracking and asset management improve delivery efficiency, while Agriculture benefits from precision farming techniques, leading to resource conservation and increased yields. Similarly, the Healthcare sector utilizes LoRaWAN IoT solutions for remote patient monitoring, enhancing patient care and operational efficiency. The Energy and Utilities domain sees the integration of smart meter readings and grid management, contributing to operational excellence. 

Furthermore, Government and Public Safety applications leverage LoRaWAN for critical infrastructure monitoring, disaster response, and public safety enhancements, demonstrating its vital role in urban management.The Enterprise segment captures value through smart buildings and workplace automation, improving productivity and reducing costs. With the growing trend towards smart cities, the LoRa LoRaWAN IoT Market's intrepid growth is expected to elevate its adoption across these sectors, cementing its significance in the wider US economy.

US LoRa LoRaWAN IoT Market Key Players and Competitive Insights:

The US LoRa LoRaWAN IoT Market is rapidly evolving, characterized by significant advancements in wireless communication technologies suitable for IoT applications. The competitive landscape is influenced by various players offering solutions that enhance connectivity, network efficiency, and data throughput. As more industries recognize the potential of LoRa technology for applications ranging from smart cities to agriculture, the market sees a multitude of firms competing to establish their presence through innovative products and services. 

Companies strive to differentiate themselves through strategic partnerships, technology enhancements, and comprehensive service offerings to capture a share of the growing demand for IoT solutions based on LoRa and LoRaWAN protocols.Microchip Technology has positioned itself as a strong player within the US LoRa LoRaWAN IoT Market, leveraging its extensive experience in semiconductor solutions. The company’s strengths lie in its robust development tools and microcontroller platforms that enhance the deployment of LoRa-enabled devices. With a focus on integrating advanced technology into low-power, wide-area network applications, Microchip Technology offers a streamlined approach that caters specifically to the needs of various industries. 

Their commitment to innovation is reflected in their consistent release of new products designed to optimize performance and reduce costs, helping to foster broader adoption of LoRa solutions across different sectors in the US.Sierra Wireless has made notable strides in the US LoRa LoRaWAN IoT Market by providing a wide range of connected solutions tailored for various industrial applications. With a focus on IoT connectivity, Sierra Wireless offers key products such as gateways, modules, and cloud-based services that facilitate seamless integration and management of devices within the LoRa ecosystem.

The company's strengths are bolstered by its strong presence in the North American market and the strategic partnerships it has cultivated, enhancing its reach and service capabilities. Sierra Wireless has also pursued growth through mergers and acquisitions, allowing it to expand its portfolio and enhance its technological capabilities, which enables it to deliver comprehensive IoT solutions that address the evolving needs of customers in the US landscape.

Key Companies in the US LoRa LoRaWAN IoT Market Include:

• Microchip Technology


• Sierra Wireless


• Loriot


• Actility


• Orbiwise


• Cisco


• MultiTech


• IBM


• Amazon Web Services


• Microsoft


• Kerlink


• Neul


• The Things Industries


• Semtech

US LoRa LoRaWAN IoT Market Industry Developments

The US LoRa LoRaWAN IoT Market has seen significant developments recently, with companies like Microchip Technology, Sierra Wireless, and Cisco expanding their investments in IoT solutions, responding to increasing demand for low-power wide-area networks. In October 2023, an acquisition took place where Actility announced its purchase of orbiwise, aiming to enhance its capabilities by integrating orbiwise's technology into its existing solutions. Additionally, MultiTech and IBM are collaborating on cloud-based solutions utilizing LoRaWAN for various applications, driving innovation in the smart agriculture and smart city sectors. 

Growth metrics indicate that the market valuation for companies within the US LoRa LoRaWAN IoT landscape is projected to rise, influenced by ongoing technological advancements and partnerships aimed at enhancing connectivity and scalability. Furthermore, in the past two to three years, a notable surge in investment has occurred, with Amazon Web Services and Microsoft ramping up efforts to integrate LoRaWAN into their cloud offerings, showcasing the rising trend in leveraging LoRaWAN for diverse IoT applications. This evolving ecosystem continues to foster an environment conducive to expanding IoT deployment across multiple industries in the US.

US LoRa LoRaWAN IoT Market Segmentation Insights

LoRa LoRaWAN IoT Market Offering Outlook

• Hardware


• Platform


• Services

LoRa LoRaWAN IoT Market Application Outlook

• Asset Tracking


• Industrial IoT


• Smart Cities


• Smart Agriculture


• Livestock Management


• Smart Buildings


• Smart Healthcare


• Other Applications

LoRa LoRaWAN IoT Market End User Outlook

• Retail


• Manufacturing


• Transportation


• Logistics


• Agriculture


• Healthcare


• Energy


• Utilities


• Government


• Public Safety


• Enterprise


• Residential


• Travel


• Hospitality

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	1.66(USD Billion)
MARKET SIZE 2024	2.5(USD Billion)
MARKET SIZE 2035	65.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	34.473% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Microchip Technology, Sierra Wireless, Loriot, Actility, Orbiwise, Cisco, MultiTech, IBM, Amazon Web Services, Microsoft, Kerlink, Neul, The Things Industries, Semtech
SEGMENTS COVERED	Offering, Application, End User
KEY MARKET OPPORTUNITIES	Smart city infrastructure integration, Agricultural IoT deployment expansion, Industrial automation and monitoring solutions, Environmental monitoring systems implementation, Healthcare asset tracking advancements
KEY MARKET DYNAMICS	growing smart city initiatives, increasing demand for connectivity, low power consumption advantages, expansion of industrial IoT applications, government support for LPWAN technologies
COUNTRIES COVERED	US