Charts & Stats

Global LoRaWAN Market By Application Area

By Application Area, the market is segmented into Asset Tracking and Logistics, Industrial IoT, Smart Agriculture, Smart Cities, and Smart Utilities (Water, Gas, Electricity Metering) (2019–2035)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global LoRaWAN Market By Application Area — full underlying data
LabelAsset Tracking and LogisticsIndustrial IoTSmart AgricultureSmart CitiesSmart Utilities (Water, Gas, Electricity Metering)
2019451.56 USD Million526.39 USD Million257.45 USD Million727.96 USD Million938.17 USD Million
2020507.75 USD Million581.67 USD Million294.22 USD Million855.38 USD Million1012.89 USD Million
2021545.28 USD Million647.13 USD Million314.53 USD Million826.12 USD Million1077.24 USD Million
2022647.42 USD Million755.08 USD Million379.57 USD Million1025.65 USD Million1228.02 USD Million
2023773.65 USD Million918.16 USD Million461 USD Million1246 USD Million1408.96 USD Million
2024929.66 USD Million1084.23 USD Million563.04 USD Million1555.81 USD Million1625.51 USD Million
20251124.04 USD Million1288.25 USD Million691.93 USD Million1948.25 USD Million1886.94 USD Million
20261373.27 USD Million1531.64 USD Million852.79 USD Million2306.26 USD Million2305.28 USD Million
20271662.65 USD Million1822.23 USD Million1049.47 USD Million2888.69 USD Million2679.44 USD Million
20282015.02 USD Million2170.04 USD Million1292.84 USD Million3611.81 USD Million3117.21 USD Million
20292485.51 USD Million2587.59 USD Million1595.54 USD Million4253.35 USD Million3844.77 USD Million
20303078.56 USD Million3087.04 USD Million1959.27 USD Million5006 USD Million4760.58 USD Million
20313747.41 USD Million3692.26 USD Million2424.35 USD Million6281.61 USD Million5562.15 USD Million
20324568.24 USD Million4422.16 USD Million3004.41 USD Million7881.96 USD Million6507.16 USD Million
20335581.46 USD Million5308.64 USD Million3731.59 USD Million9879.13 USD Million7630.57 USD Million
20346834.94 USD Million6387.23 USD Million4645.42 USD Million12384.8 USD Million8968.02 USD Million
20358391.79 USD Million7704.9 USD Million5798.24 USD Million15536.97 USD Million10567.04 USD Million

Data Source: Wantstats Repository

Wantstats

Growth Outlook

  • The Global LoRaWAN Market By Application Area market is on a steady long-term growth path. Segment value stands at roughly USD 8369 Million in 2026 and is projected to reach USD 47999 Million by 2035 — a gain of about 474% over the forecast period, translating to a CAGR in the double digits.
  • What the regional split looks like (2026): Smart Cities leads, holding roughly 28% of segment value — the single largest regional share. Smart Utilities (Water, Gas, Electricity Metering) is the second-largest contributor. Industrial IoT, Asset Tracking and Logistics and Smart Agriculture make up the remainder, in descending order.
  • By 2035, Smart Cities alone is expected to reach USD 15537 Million, with Smart Utilities (Water, Gas, Electricity Metering) at USD 10567 Million.

Market Dynamics

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