Artificial Intelligence
Worldwide Automotive LiDAR Industry to 2030 – Featuring GM, Trimble, Teledyne Optech and FARO Technologies Among Others
Dublin, Aug. 19, 2022 (GLOBE NEWSWIRE) — The “Automotive LiDAR Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.com’s offering.
The automotive LiDAR market is anticipated to grow at a compound annual growth rate (CAGR) of 23% during the forecast period of 2022 to 2030.
Increasing investments in LiDAR start-ups by automotive giants, is opening opportunities for technological shifts with the adoption of solid-state LiDARs. These opportunities are anticipated to boost the market growth. The technological capabilities of LiDARs and dropping cost have significantly expanded its application. Autonomous vehicles that are the future of automotive industry hold significant potential for use of LiDAR.
LiDAR Advantageous Over Camera Based Systems
In comparison to systems based on cameras, LiDAR has a number of distinct advantages. LiDAR gives a three-dimensional perspective of the world that is significantly more realistic and accurate than the view that is provided by cameras, which only provide a flat depiction of the environment in a two-dimensional form.
Additionally, because it generates its own light, LiDAR is unaffected by low-light conditions and may continue to function normally. It has excellent night vision and can see objects just as well as it can during the day. On the other hand, camera-based systems require an adequate amount of light in order to perform at their peak, and thus are not always reliable when used at night.
Optical illusions and the inability to produce accurate distance measurements are two additional variables that can hinder the capacity of a camera to see. Additionally, in comparison to a LiDAR sensor, a camera requires more computer power and, as a rule, operates at a higher temperature. When it comes down to it, an ADAS system or an autonomous vehicle will benefit the most from using LiDAR and camera-based systems in conjunction with one another to monitor the environment around the vehicle.
Expanding Applications in Automotive Segment
Additionally, LiDAR is able to succeed where other sensors fail to do so. For instance, radar can be used to identify items that are in close proximity to a vehicle, and it can also ascertain how far away these objects are and how quickly they are travelling. Because of this, automobile manufacturers use radar for parking sensors, blind spot monitors, and adaptive cruise control.
However, these sensors struggle when it comes to detecting the exact position, size, and shape of an object, elements that are essential for self-driving features such as pedestrian, cyclist, and animal detection. Radar, on the other hand, performs admirably in conditions of fog and other adverse weather, but LiDAR has difficulty in these environments.
Reducing Prices is The Key Motivator of Increasing LiDAR Applications
The price of a LiDAR sensor used to be around $ 50,000 to $75,000; plummeted to $10, 000 and lower. Going further LiDAR prices are expected to drop as low as $500 by the end of 2030. Some companies have already developed low priced LiDAR vehicle sensors ranging from $500 to $1000.
Despite the fact that costs have been a factor in keeping sensors off of current vehicles, LiDAR companies like Argo AI are partnering with manufacturers like Ford and Volkswagen to produce some commercial-grade self-driving vehicles that incorporate onboard LiDAR. Volkswagen intends to conduct self-driving van tests in Germany, utilising the LiDAR technology developed by Argo AI. The company’s ultimate goal is to introduce a commercial delivery and micro-transit service in Germany by the year 2025. Ford has partnered with Volkswagen to develop electric vans and technologies for driverless vehicles.
Application of LiDAR to all Ranges of Vehicles is Still Emerging
Although there have been developments that suggest the technology could be used in the trucking industry, it is likely that for the time being it will be used for fleets of robo-taxis or delivery vehicles. However, there have been developments that suggest the technology could be used in the trucking industry.
Limited Technical Capabilities Calls for Focused R&D Initiatives
Sensors can have trouble distinguishing between things that are comparable in size and shape, which means that threats and non-threats can be mistaken with one another. This can lead to serious consequences. The level of security provided by LiDAR is lower when compared to the level of security provided by genuine images captured by a camera. Artificial Intelligence (AI) and machine learning are not inherently present in LiDAR. The resilience of radar systems in adverse weather conditions including rain, fog, and snow is one of the systems’ most significant advantages. Under these kinds of atmospheric circumstances, LIDAR typically operates at a lower level of effectiveness in comparison to radars.
Laser Scanners Market to Emerge as Most Lucrative Opportunity Segment
In 2021, laser scanners accounted for the largest part of the market. It is anticipated that the laser scanners segment will continue to retain the dominant position during the forecast period of 2022 to 2030. The widespread use of laser scanners that are capable of transmitting and detecting information by making use of laser pulses is the primary cause that is contributing to this expansion.
4D LiDAR Sensors to Grow at the Fastest Pace
It is anticipated that advancements in 4D LiDAR technology would account for the largest growth rate during the projection period. It is anticipated that the market for 4D LiDAR would expand at the highest CAGR during the forecast period of 2022 to 2030. This expansion can be ascribed to the widespread use of 4D LiDAR in a variety of applications in including self-driving vehicles, and other types of autonomous systems.
Mechanical LiDAR Sector to Dominate Market Revenues
It is anticipated that the segment of the mechanical LiDAR market that held the bigger market share in 2021 and will continue to hold that position throughout the forecast period. This is due to the widespread use of mechanical LiDAR in a variety of applications in mapping.
A large field of view (FOV) that is typically 360 degrees can be achieved with mechanical LIDAR by utilising high-grade optics and a rotating assembly. The mechanical component results in a bulky implementation, but it offers a high signal-to-noise ratio (SNR) over a large field of view (FOV) (although this has also been shrinking). Since solid-state LIDAR does not have any spinning mechanical components and has a smaller FOV, it is more cost effective. An FOV that is comparable to that of mechanical LIDAR can be achieved by using numerous channels at the front, back, and sides of a vehicle and fusing the data from those channels.
ADAS Segment to Dominate as AV Sets off in Future
Businesses, who have much smaller volumes of automobiles (less than 5 million per year as opposed to the more than 100 million cars sold each year to individuals), are the target markets for fully autonomous vehicles. Automotive Original Equipment Manufacturers (OEMs) were ill-prepared to compete in the market for complete autonomy and saw the potential to add limited autonomy capabilities to their cars that can offer comfort, free time, and safety to a bigger client base. Because of this, many LiDAR businesses have shifted their focus to addressing L2 and L3 autonomy.
Companies like Valeo (Mercedes), Innoviz (BMW), Luminar (Volvo), Cepton (General Motors), Ibeo (Great Wall Motors), and Innovusion have recently made announcements on their products (Nio). There has also been a solidification of partnerships with automotive Tier 1 suppliers (Aeye-Continental, Baraja-Veoneer, Cepton-Koito, Innoviz-Magna). Key Companies in this segment include The LiDAR market was dominated by Leica Geosystems AG (Sweden), Trimble, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US) and RIEGL Laser Measurement Systems GmbH (Austria).
North America Remains as the Global Leader
The overall market for LiDAR was led by North America as of the year 2021, followed by Europe and the Asia Pacific region in that order. The region accounted for more than 37% of the total revenue generated by the worldwide LiDAR market in 2021 and is predicted to experience robust expansion growth during the forecast period. The ongoing research and expenditures that are being made in order to build sophisticated LiDAR systems have been critical in pushing the uptake of LiDAR systems in North America. On the other side, it is projected that Asia Pacific will record the most growth during the period of time spanning from 2022 to 2030. It is anticipated that demand from nations such as India and China would play a significant role in expanding the LiDAR market.
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Automotive LiDAR market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Automotive LiDAR market?
- Which is the largest regional market for Automotive LiDAR market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Automotive LiDAR market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive LiDAR market worldwide?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Automotive LiDAR Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Automotive LiDAR Market Value, 2020 – 2030, (US$ Million)
3.3. Key Trends Analysis
3.4. Market Dynamics
3.4.1. Market Drivers
3.4.2. Market Restraints
3.4.3. Key Challenges
3.4.4. Key Opportunities
3.5. Impact Analysis of Drivers and Restraints
3.6. See-Saw Analysis
3.7. Attractive Investment Proposition
3.8. Porter’s Five Force Model
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Threat Of Substitutes
3.8.4. Threat Of New Entrants
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Technology Landscape
3.9.4. Legal Landscape
3.9.5. Social Landscape
3.10. Competitive Landscape
3.10.1. Market Positioning of Key Automotive LiDAR Market Vendors
3.10.2. Strategies Adopted by Automotive LiDAR Market Vendors
4. Automotive LiDAR Market: By Technology, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. 2D
4.3.2. 3D
4.3.3. 4D
5. Automotive LiDAR Market: By Component, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Laser Scanner
5.3.2. Navigation and positioning systems
5.3.3. Others
6. Automotive LiDAR Market: By Type, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Solid-state
6.3.2. Mechanical
7. Automotive LiDAR Market: By Installation Type, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2021 Versus 2030
7.3. Market Segmentation
7.3.1. Airborne
7.3.2. Ground-based
8. Automotive LiDAR Market: By Range, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2021 Versus 2030
8.3. Market Segmentation
8.3.1. Short
8.3.2. Medium
8.3.3. Long
9. Automotive LiDAR Market: By Level of Automation, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Growth & Revenue Analysis: 2021 Versus 2030
9.3. Market Segmentation
9.3.1. Advanced Driver Assistance Systems (ADAS)
9.3.1.1. Level 1 (Driver Assistance)
9.3.1.2. Level 2 (Partial Automation)
9.3.1.3. Level 2+ (Advanced Partial Automation)
9.3.1.4. Level 3 (Conditional Automation)
9.3.2. Autonomous Vehicles (AV)
9.3.2.1. Level 4 (High Automation)
9.3.2.2. Level 5 (Full Automation)
10. Automotive LiDAR Market: By Automotive Type, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Growth & Revenue Analysis: 2021 Versus 2030
10.3. Market Segmentation
10.3.1. Passenger Vehicles
10.3.2. Sport Utility Vehicles
10.3.3. Multi Utility Vehicles
10.3.4. Commercial Taxis and others
10.3.5. Trucks
10.3.6. Agricultural Vehicles
10.3.7. Buses
10.3.8. Others
11. North America Automotive LiDAR Market, 2020-2030, USD (Million)
12. UK and European Union Automotive LiDAR Market, 2020-2030, USD (Million)
13. Asia Automotive LiDAR Market, 2020-2030, USD (Million)
14. Latin America Automotive LiDAR Market, 2020-2030, USD (Million)
15. Middle East and Africa Automotive LiDAR Market, 2020-2030, USD (Million)
16. Company Profiles
16.1. Mercedes
16.1.1. Company Overview
16.1.2. Financial Performance
16.1.3. Product Portfolio
16.1.4. Strategic Initiatives
16.2. BMW
16.2.1. Company Overview
16.2.2. Financial Performance
16.2.3. Product Portfolio
16.2.4. Strategic Initiatives
16.3. Volvo
16.3.1. Company Overview
16.3.2. Financial Performance
16.3.3. Product Portfolio
16.3.4. Strategic Initiatives
16.4. GM
16.4.1. Company Overview
16.4.2. Financial Performance
16.4.3. Product Portfolio
16.4.4. Strategic Initiatives
16.5. Leica Geosystems AG (Sweden)
16.5.1. Company Overview
16.5.2. Financial Performance
16.5.3. Product Portfolio
16.5.4. Strategic Initiatives
16.6. Trimble, Inc. (US)
16.6.1. Company Overview
16.6.2. Financial Performance
16.6.3. Product Portfolio
16.6.4. Strategic Initiatives
16.7. Teledyne Optech (Canada)
16.7.1. Company Overview
16.7.2. Financial Performance
16.7.3. Product Portfolio
16.7.4. Strategic Initiatives
16.8. FARO Technologies, Inc
16.8.1. Company Overview
16.8.2. Financial Performance
16.8.3. Product Portfolio
16.8.4. Strategic Initiatives
16.9. RIEGL Laser Measurement Systems GmbH
16.9.1. Company Overview
16.9.2. Financial Performance
16.9.3. Product Portfolio
16.9.4. Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/7zmv0o
Artificial Intelligence
Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market
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
Photo – https://mma.prnewswire.com/media/2439536/Skyworth_Optoelectronics_Technology.jpg
View original content:https://www.prnewswire.co.uk/news-releases/metz-in-partnership-with-ai-tech-introduces-advanced-interactive-flat-panel-to-middle-east-market-302173734.html
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
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.
Logo – https://mma.prnewswire.com/media/2439008/ViCA_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/complyports-new-ai-tool—vicachat—set-to-revolutionise-compliance-support-services-302173182.html
Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
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.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=144298529
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.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=144298529
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.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
Related Reports:
Perimeter Security Market- Global Forecast to 2029
Smart Cities Market – Global Forecast to 2028
Fleet Management Market – Global Forecast to 2028
Smart Water Management Market – Global Forecast to 2028
Rail Asset Management Market – Global Forecast to 2026
Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/lora-and-lorawan-iot-market-worth-32-7-billion-by-2029–exclusive-report-by-marketsandmarkets-302172905.html
-
Artificial Intelligence6 days agoADP Rings NASDAQ Opening Bell Celebrates 75 Years at the Forefront of Payroll & HR Innovation
-
Artificial Intelligence6 days agoTraceLink Partners with Genpact to Expand Delivery of Digital Supply Chain Innovation for Healthcare and Life Sciences Sectors
-
Artificial Intelligence3 days agoBorderless AI & Cohere team up to build a custom-trained AI model for HR professionals, taking on Deel and Remote.com
-
Artificial Intelligence7 days agoPressidium® Introduces New Hosting Plans and Global Data Centers
-
Artificial Intelligence6 days agoEmpowering data practitioners will help shape generative AI deployment for enterprise, says new MIT Technology Review Insights research report
-
Uncategorized6 days agoHughes Europe Expands into Military, Defence & Government Sectors with Launch of Konnect VHTS Services in Collaboration with Telespazio
-
Uncategorized4 days ago
AI Could Transform UK’s Public Finances as Labour Touts Gains
-
Artificial Intelligence2 days agoLoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
