LoRa is digital wireless data communication technology useful for long range communication. LoRa is also refers to the systems that support the modulation, with use of LoRa chipsets and gateways. It is a radio modulation scheme, a way of manipulating a radio waves to encode information using a chirped, multi symbol format. Further, this allows transmission of as far as 15 km with clear line of sight and a typical range in urban area is 2 to 3 km. LoRa chipset provide much longer range for low data rate applications compared to other priced radio technologies.
Furthermore, it also offers good receiver sensitivity and low bit error rate. LoRa chipset technology is ideal for low power applications and battery operated sensor such as sensor networks internet of things, smart agriculture, industrial automation, manufacturing applications, asset tracking, smart meters, smart home, M2M, and others. Moreover, it is also applicable in smart city for various application including supply chain management with asset tracking & condition monitoring, water & gas metering, land condition monitoring or animal tracking and geo fencing, smart parking, intelligent street lighting, power station monitoring, smart grids with electricity, and others.
The LoRa chipsets market is primarily driven by the increased deliveries of LoRa chipset in IoT applications including healthcare and pharmaceuticals, media and advertising, logistics & shipping, and asset tracking, and others. The smart city investment expected to trigger adoption of LoRa chipset for various application including intelligent street lighting, smart meters, asset tracking, smart home and others. The usage of LoRa technology is providing real time data for parking management, making it easier for drivers to find available parking spaces for off street and on street private and public parking management. Further, it helping to reduce carbon emissions and traffic congestion caused by drivers retracing their steps repeatedly in an effort to find available parking. Further expected to foster the global LoRa chipsets market during forecast period.
Global leaders of LoRa chipsets market are focusing on offering long range, high capacity, long battery life, reduced synchronization overhead and no hops in mesh network, secured and efficient network, reduce size, continuous frequency coverage, and interference immunity products. Several technological limitations such as gateways are tied to the same server expected to hinder the growth of the global LoRa chipsets market during forecast period.
The global LoRa chipsets market has been segmented based on end use industry, and region. Based on end-use industry, the market can be segmented into healthcare and pharmaceuticals, media and advertising, agriculture, logistics & shipping, energy & utilities, asset tracking, and others. In terms of region, the global LoRa chipsets market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America and Europe is anticipated to contribute a significant share to the global LoRa chipsets market due to the presence of leading LoRa chipset manufacturers, for instance, Qualcomm, Intel, and Microchip Technology Inc. in this region. The market in Asia Pacific is anticipated to expand at a rapid pace owing to the expansion of application industry verticals such logistics tracking, smart city and healthcare, in emerging economies such as India and China, in this region.
Key players operating in the global LoRa chipsets market include Semtech Corporation, Microchip Technology Inc, Murata Manufacturing Co., Ltd, Hoperf, Gemtek, STMicroelectronics, Qualcomm, Huawei, Nordic, NB-IoT, Intel, ZTE, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global LoRa chipsets market over the period of study.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.