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Polyamide Market Size is projected to reach USD 40 billion by 2030, growing at a CAGR of 3.0%: Straits Research

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New York, United States, Aug. 03, 2022 (GLOBE NEWSWIRE) — Polyamide is a long-chain multi-unit molecule that is linked together with amide groups. Amide groups have a chemical composition of CO-NH. Polyamide is formed in natural and artificial states. Examples of naturally occurring polyamides are proteins such as silk and wool, while examples of artificial polyamides include nylons, aramids, and sodium poly aspartate.

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Rising Demand from Umpteen Industries to Augment Value

The automotive sector is fairly consolidated, with 49% of the industry being occupied by the dominant player such as Ford, GM, Volkswagen, and Toyota. Integration of Polyamide in the automotive sector towards bearing, bushings, wire harness connectors, oil containers, cylinder head covers, and fuse boxes will increase the value of the global polyamide market growth. Additionally, rising demand from the sector of electrical and electronics manufacturers, garments, and others will further increase the market’s footprint.

Polyamide is also integrated within the electronic and electric sector in manufacturing PCBs and miniature circuit breakers (MCBs). They are also heavily used in cables and wirings, connectors, contractors, and low voltage switch gears, among others. Polyamide also contains a robust set of attributes such as good process ability, thin walls, laser marking ability, lower flammability, higher resistance to stiffness and toughness, higher heat distortion temperature, excellent flow characteristics, and a shorter injection cycle time which make them highly accessible within a wide range of applications. Polyamide is also used within the garment industry and is heavily used for manufacturing sportswear and loungewear.

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Impact of COVID-19 on the Market

The global pandemic slowed down the growth of the global polyamide market due to disruption in the supply chains and constant nationwide lockdowns. Demand for PA 6 and PA 66 was lowered as production costs were raised due to fewer workforces being optimized due to the pandemic and increasing restrictions on the general population. Due to a fragmented transport sector, the pharmaceutical and consumer goods sector was affected owing to a huge demand-supply cycle.

As the tenure of the pandemic moved on, the competitive landscape of the market changed as companies began investing in developed regions. Investments towards the R&D departments to improve the product offerings. Government bodies worldwide further choose to support the market’s growth by incentivizing middle-class income groups.

Report Scope

Report Metric Details
  Market Size USD 40 Billion by 2030
  CAGR 3.0% (2020-2030)
  Historical Data 2019-2020
  Base Year 2021
  Forecast Period 2022-2030
  Forecast Units Value (USD Billion)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered By Product, Application, and Regions
  Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
  Key Companies Profiled/Vendors BASF SE | AdvanSix Inc. | Ube Industries Ltd | Domo Chemicals | Toray Industries Inc. | Ashley Polymers Inc. | Ascend Performance Materials | Toyobo Co Ltd | Lanxess AG | Huntsman Corporation | Goodfellow Group
  Key Market Opportunities better investment opportunities and reduced costs of products further led to companies investing heavily within their R&D departments.
  Key Market Drivers Increasing Demand from Automotive Sector

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Regional Analysis for the Global Polyamide Market

Asia-Pacific had the largest polyamide market growth, with a market value of USD 13,637 million in 2021. It is expected to grow to USD 18,154 million by 2030, with a CAGR of 3.9%. Factors such as easy availability of raw materials and lowered labor costs coupled with decreasing carbon footprints of electric vehicles will contribute to the growth of the regional market. China will act as the largest contributor, with a market value of USD 6,203 million in 2021. It will grow to an approximate value of USD 9,033 million by 2030, with a CAGR of 4.8%.

Europe will account for a significant market share, with a value of USD 9,384 million in 2021. It is expected to grow to a market value of USD 11,453 million by 2030, with a CAGR of 2.5%. The presence of a well-established automobile sector with players such as Fiat, BMW, and Volkswagen will contribute to the regional growth. Germany had a market value of USD 3,424 million in 2021 and will grow to an estimated value of USD 4,726 million by 2030, with a CAGR of 2.9%

North America had a value of USD 6,266 million in 2021 and is expected to grow to a value of USD 8,043 million by 2030, with a CAGR of 2.6% during the forecast. Factors such as lightweight, strong strength-to-weight ratio and electromechanical resistance will contribute to the increasing adoption rate. The global polyamide market in Central and South America accounted for a value of USD 1,528 million in 2021. It is expected to grow to a value of USD 2,043 million by 2030, registering a CAGR of 3.3% during the forecast.

Key Highlights

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  • The global polyamide market size was valued at USD 32 billion in 2021. The market is projected to grow from USD 32.96 billion in 2022 to USD 40 billion by 2030, with a CAGR of 3.0% during the forecast period 2022 to 2030
  • Based on product, the market is segmented into polyamide 6, polyamide 66, bio-based polyamide, and specialty polyamide. Polyamide 6 is expected to have an estimated market value of USD 20,026 million by 2030, growing at a CAGR of 2.8%.
  • Based on application, the market can be divided into engineering plastics and fibers. Engineering plastics will account for the largest market share, with an estimated market value of USD 23,015 million in 2030 to account for a CAGR of 2.9%
  • Geographically, the market can be categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific will witness the largest market share with an estimated value of USD 18,154 million in 2030, growing at a CAGR of 3.9%

Get a Free Sample Copy of this report @ https://straitsresearch.com/report/polyamide-market/request-sample

Competitive Players for the Global Polyamide Market

The dominant players in the global polyamide market are

  • BASF SE
  • AdvanSix Inc
  • Ube Industries Ltd
  • Domo Chemicals
  • Toray Industries, Inc
  • Ashley Polymers, Inc
  • Ascend Performance Materials
  • Toyobo Co. Ltd
  • Lanxess AG
  • Huntsman Corporation
  • Goodfellow Group
  • others

Global Polyamide Market: Segmentation

By Product

  • Polyamide 6
  • Polyamide 66
  • Bio-based Polyamide
  • Specialty Polyamide

By Application

  • Engineering Plastics
    • Automotive
    • Electronic and Electrical
    • Consumer Goods and Appliances
    • Packaging
    • Others
  • Fibers
    • Textile
    • Carpet
    • Others

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America
  • The Middle East and Africa

TABLE OF CONTENT

1          Introduction

1.1      Polyamide Market Definition

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1.2      Polyamide Market Scope

2          Research Methodology

2.1      Primary Research

2.2      Research Methodology

2.3      Assumptions & Exclusions

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2.4      Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1      Report Segmentation & Scope

4.2      Value Chain Analysis: Polyamide Market

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4.2.1  Vendor Matrix

4.3      Key Market Trends

4.3.1  Drivers

4.3.2  Restraints

4.3.3  Opportunities

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4.4      Porter’s Five Forces Analysis

4.4.1  Bargaining Power of Suppliers

4.4.2  Bargaining Power of Buyers

4.4.3  Threat of Substitution

4.4.4  Threat of New Entrants

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4.4.5  Competitive Rivalry

4.5      Environment & Regulatory Landscape

4.6      Forecast Factors & Relevance of Impact

4.7      Macro-Economic & Geopolitical Scenario

4.8      Parent Market Overview

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4.9      Technology Landscape

4.10   Market Share Analysis

4.11   Potential Venture Analysis

4.12   Regional Price Trends

4.13   Raw Material Trends

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4.14   Cost Structure Analysis

4.14.1            Labor Cost

4.14.2            Consumables

4.14.3            Maintenance Cost

4.15   Covid-19 Impact Analysis:

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4.15.1            Pre and Post Covid-19 Market Scenario Analysis

4.15.2            Market Recovery Timeline and Challenge

4.15.3            Measures Taken by Top Players

4.15.4            Quarterly Market Revenue and Growth Forecast till 2021

4.15.4.1        North America

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4.15.4.2        Europe

4.15.4.3        Asia-Pacific

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

5          Product Overview

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5.1      Introduction

5.1.1  Market Size & Forecast (Value & Volume)

5.2      Polyamide 6

5.2.1  Market Size & Forecast (Value & Volume)

5.3      Polyamide 66

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5.3.1  Market Size & Forecast (Value & Volume)

5.4      Bio-based Polyamide

5.4.1  Market Size & Forecast (Value & Volume)

5.5      Specialty Polyamide

5.5.1  Market Size & Forecast (Value & Volume)

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6          Application Overview

6.1      Introduction

6.1.1  Market Size & Forecast (Value & Volume)

6.2      Engineering Plastics

6.2.1  Market Size & Forecast (Value & Volume)

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6.3      Fibers

6.3.1  Market Size & Forecast (Value & Volume)

7           Regional Overview

7.1      Introduction

7.1.1  Market Size & Forecast (Value & Volume)

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7.2      North America

7.2.1  Economic Overview

7.2.2  Market Scenario

7.2.3  U.S.

7.2.4  Canada

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7.2.5  Mexico

7.3      Central and South America and the Caribbean

7.3.1  Economic Overview

7.3.2  Market Scenario

7.3.3  Brazil

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7.3.4  Argentina

7.3.5  Colombia

7.3.6  Rest of Central and South America and the Caribbean

7.4      Europe

7.4.1  Economic Overview

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7.4.2  Market Scenario

7.4.3  Germany

7.4.4  France

7.4.5  The U.K.

7.4.6  Italy

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7.4.7  The Rest Of Europe

7.5      Asia-Pacific (APAC)

7.5.1  Economic Overview

7.5.2  Market Scenario

7.5.3  China

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7.5.4  Japan

7.5.5  India

7.5.6  Australia

7.5.7  South Korea

7.5.8  Rest Of APAC

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7.6      Middle East

7.6.1  Economic Overview

7.6.2  Market Scenario

7.6.3  South Arabia

7.6.4  The UAE

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7.6.5  Qatar

7.6.6  Oman

7.6.7  Turkey

7.6.8  The Rest Of Middle East

7.7      Africa

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7.7.1  Economic Overview

7.7.2  Market Scenario

7.7.3  Nigeria

7.7.4  South Africa

7.7.5  The Rest Of Africa

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8          Competitive Landscape — Manufacturers & Suppliers

8.1      Competition Dashboard

8.2      Industry Structure

8.3      BASF SE

8.3.1  Business Overview

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8.3.2  Financial Performance

8.3.3  Recent Developments

8.3.4  Portfolio

8.4      AdvanSix Inc.

8.5      Ube Industries Ltd

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8.6      Domo Chemicals

8.7      Toray Industries Inc.

8.8      Ashley Polymers Inc.

8.9      Ascend Performance Materials

8.10   Toyobo Co Ltd

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8.11   Lanxess AG

8.12   Huntsman Corporation

8.13   Goodfellow Group

9          Conclusion & Recommendation

10       Acronyms & Abbreviations

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Table of Content and Figure @ https://straitsresearch.com/report/polyamide-market/toc 

Market News

  • In June 2021, Ascend Performance Material announced expanding the production facility of HiDura polyamides in Greenwood Plant, South Carolina, to meet the demands arising from the need for new products.
  • In March 2021, Lanxess increased the prices of their engineered plastics, Durethan A (Polyamide 6) and Durethan B (Polyamide 66), in Europe and the Middle East and Africa to increase the prices of raw materials, logistics, and energy.
  • In March 2021, Ube Industries, Inc. announced supplying polyamide (PA6) resins for the hydrogen tank of fuel cells vehicle, MIRAI, for Toyota Motors Corporation.
  • In April 2020, Domo Chemicals completed their divestment of Domo Films Solutions S.p.A polyamide films solution business to JPF Italy S.p.A.
  • In October 2020, BASF SE announced Ultramid B3E2G6 SI BK23353 and the Ultramid B3E2G10 SI BK23353 glass fibers with polyamide 6 reinforced for integrating with the automotive interior.
  • In June 2020, Ascend Performance Materials announced completely integrating the assets of NCM (Changshu) Co. Ltd. and Tehe Engineering Plastic (Suzhou) Co. Ltd. This acquisition is regarding the firm’s entry into the Asian market.
  • In March 2020, Domo Chemicals announced plans to invest USD 14.2 million in a new Polyamide plant in China which will have a capacity to produce 50,000 tons of sustainable and innovatively engineered Polyamide compounds annually.
  • In January 2020, Toray Industries Inc. announced they developed micro-level spherical polyamide particles (PA6/PA66) with high melting points for advanced 3D printing solutions to enable a higher restraint and heat.
  • In January 2020, BASE SE announced completing the acquisition of Solvay Polyamide (PA66) business to support their consumers with the latest generation of engineered plastic solutions.
  • In March 2019, BASF SE inaugurated its new research and development center in Shanghai, China. It will have a new automotive application center for handling research and development activities specific to the automotive industry

News Media

Widescale Applications of Plastics to Ascend the Blow Molded Plastic Market

Pea Protein Isolate Market: An Emerging Food Supplement Getting Popular Among Consumers

Biopolymers Segment to Dominate the Green Chemicals and Materials Market

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Novel Applications of Sodium Dichromate to Drive the Market Growth

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About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

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Artificial Intelligence

Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market

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SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.

Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ  Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/ 
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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Artificial Intelligence

Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence

LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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