LoRaWAN Market to Surpass USD 164.10 Billion by 2035, Driven by Expanding IoT Connectivity and Smart City Deployments | Report by SNS Insider

Market Overview - The global LoRaWAN market was valued at USD 5.20 Billion in 2025 and is projected to reach USD 164.10 Billion by 2035, growing at a CAGR of 41.24% from 2026 to 2035 [1] - The U.S. LoRaWAN market size was USD 1.6 Billion in 2025 and is expected to grow to USD 39.83 Billion by 2035, with a CAGR of 28.34% during the same period [3] Growth Drivers - The rapid growth of the LoRaWAN market is driven by increasing demand for low-power, long-range IoT connectivity solutions across various industries, including precision agriculture, industrial automation, and smart cities [4] - Smart city and industrial IoT installations account for over 35% of LoRaWAN adoption, highlighting the technology's significance [4] Market Segmentation By Component Type - In 2025, Gateways held a dominant market share of 46%, being essential for connecting devices across various environments [5] By Network Type - Public LoRaWAN Networks led with a 50% market share in 2025, while Private LoRaWAN Networks are the fastest-growing segment from 2026 to 2035 due to increased demand for control and security [7] By Application - Smart Metering & Utilities dominated with a 48% share in 2025, while Smart Agriculture is the fastest-growing segment through 2035 [8] By End-User - Smart Cities accounted for the largest share at 45% in 2025, driven by applications in connected street lighting, traffic monitoring, and environmental sensing [9] Regional Insights - North America represented approximately 35.47% of the LoRaWAN market in 2025, with the U.S. leading due to numerous smart city projects and utility upgrades [10] - The Asia Pacific region is expected to grow rapidly, with a projected CAGR of 44.23% through 2035, driven by developments in smart cities and industrial IoT [11] Key Players - Notable companies in the LoRaWAN ecosystem include Semtech Corporation, Kerlink, Cisco Systems, and Actility, among others [14] Recent Developments - In March 2024, Kerlink partnered with Actility to create a unified LoRaWAN solution, enhancing deployment capabilities and competitive reach [13] Deployment Metrics - The global LoRaWAN ecosystem reached 125 million deployed devices in 2025, with significant contributions from The Things Industries [15]