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Global LoRaWAN market to surge from $3.6B in 2025 to $44.2B by 2032, driven by IoT and smart city growth.

Market News
24 Jun 2026
Researchandmarkets.Com
View Source
Bullish
pluang ai news

The global LoRaWAN market is projected to grow from an estimated $3.6 billion in 2025 to $44.2 billion by 2032, with a compound annual growth rate of 43.1%. This rapid expansion is fueled by increasing adoption of IoT technologies, smart city projects, and demand for low-power wide-area networks across industries like agriculture, manufacturing, and utilities. Key growth regions include the U.S., China, and Europe, supported by regulatory backing and innovations in device interoperability. The market's growth is also driven by private network deployments and affordable sensor technology, making LoRaWAN a critical enabler of scalable and cost-effective IoT ecosystems worldwide.

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