LPWAN Market 2021: How can we seize the market oppornities?

Changes are brewing in the #LPWAN market.

How will the 2.7 billion big connected market be allocated in the future???

As a #IoT company, how can we seize the market opportunities?

Overview

In 2022, LPWAN market dividends continue to be released, the market is changing, how to grasp the direction of industry enterprises, to find new opportunities??

As we all know, the Internet of Things industry has long formed a consensus on the proportion of iot connection, that is, the pyramid structure of "60%-30%-10%".?10% of the connections are for high-rate scenarios, 30% are for medium-rate scenarios, and the remaining 60% are for low-rate scenarios.?

Low power Wide area Network (LPWAN), as the key infrastructure for iot connectivity and the technology that bears the largest share of the connectivity burden, has been the focus of attention in the global iot industry since 2016.?It has been nearly 6 years. In recent years, LPWAN has been developing continuously and the industry has shown a stable development pattern. However, at the same time, under the market traction, some small changes have taken place inside LPWAN.?

The LPWAN market is robust?

After several years of technology iteration and market validation, LPWAN technology has become an indispensable key technology in the Internet of Things industry. The application scheme originally envisaged by the industry has been implemented and blossomed, cultivating a hundred gardens of gas and water meters, smoke sensors, electric vehicles, street lamps and other applications, and continues to release strong vitality.?

Not long ago, the Internet of Things market research institute IoT Analytics released a report showed that LPWAN in the global large-scale epidemic and chip shortage under the double adverse impact, still drew a high upward curve.?The number of device activations for LPWAN-enabled devices reached 450 million in 2020, an increase of 62% year over year.???

At the same time, IoT Analytics forecasts that in 2021, the number of LPWAN device connections will continue to maintain rapid growth, and the final number is expected to freeze at 660 million, an increase of 47% year-on-year.?In the next five years, that number is expected to reach 2.7 billion.??

During 2020, in the second quarter and the third quarter of the multinational because of the outbreak blockade, LPWAN continues to play a role, especially all kinds of related to the outbreak of the Internet of things applications realize a surge in demand, especially when it comes to controlling the spread of the virus measures and provides supply chain visualization applications, such as disinfection, cleaning medical cold-chain management, food monitoring, etc.?In addition, traditional industries such as smart meters are still LPWAN's largest market, which is not surprising. In China alone, China Telecom has more than 42 million smart gas meter connections and more than 32 million smart water connections, both of which are the first in the world.?

However, this does not mean that the innovation space in the LPWAN field is limited. At present, the domestic market has begun to explore firefighting, white electricity, tracking and other fields in addition to meters. Meanwhile, the foreign market, which is not the leading one, is also trying to open up new fields.??

Changes are brewing in the LPWAN sector?

As mentioned above, the LPWAN market has formed a stable market pattern in the past few years, with the "duopoly" led by #NB-IoT and #LoRa leading the development of the LPWAN market.?According to statistics, NB-IoT and LoRa together account for 83% of the global LPWAN, while other technologies such as CAT M1(LTE-M/eMTC) and Sigfox split the rest of the market, with the former accounting for 10% and the latter 3%.?

IoT Analytics predicts that NB-IoT and LoRa will continue to dominate the LPWAN market for the next five years.??

However, as the duopoly advances, some subtle changes are also taking place in the LPWAN field.?In September of 2021, IoT Analytics released testing data showing that The total number of NB-IoT and LTE-M(CAT M1/eMTC) connections accounted for 54% of all LPWAN connections, meaning licensed spectrum technology exceeded unlicensed spectrum connections for the first time.?One of the key factors is the rapid growth in the number of NB-IoT connections by 75% in the first six months of 2021, with just one connection technology accounting for 44% of the LPWAN market.??

In July last year, the NB-IoT technology was formally incorporated into the 5G network standard by the International Telecommunication Union (ITU), and has become an important part of #5G mMTC, which is strongly sought after by mainstream operators, equipment manufacturers and industry solution companies.?At the same time, the global 2G, 3G network withdrawal plan is in full swing, which also brings opportunities for NB-IoT.??

To date, the NB-IoTmarket is the largest connection technology in the LPWAN sector, beating LoRa's 37% share of connections.?It is expected that the number of NB-IoT connections will increase further in the future.??

China continues to lead the global LPWAN market?

In the LPWAN market, China has been the main driver of LPWAN connections, accounting for 57% of global LPWAN connections at the end of 2019.?

With the 14th Five-Year Plan is put forward, to accelerate the development of digitalization and build-up digital China. Digital economy has been paid much more attention by Chinese government. At the same time put forward "promote IoT all-round development, support mobile and fixed-line mix together, combine the wide and narrow bandwidth access ability. Make China's Internet market to lead in global in the next five years or even longer period of time.

Targeted at LPWAN market opportunities globally, make full use of mature IoT industry chain in China, Kotonlink has launched variety of products for LPWAN market, Including #CAT M1, NB-IOT and different kinds of 4G LTE tracking devices as below.

We have 5 product lines which cover different application scenarios:

1. Vehicle tracker;

2. Asset tracking;

3. Personal positioning;

4. Pet tracking.

5. Wireless Environment Sensors.

If you have any interesting products, please feel free to contact:

[email protected]