LoRaWAN market analysis & technological innovation
The global LoRaWAN market is projected to reach $5557.2 million, growing at a very high CAGR of 47.2% during 2019 to 2027. LoRaWAN, mainly designed for wide range and low power communications to cater to smart city applications that benefit from wireless battery-operated things and secure bi-directional communication, mobility, and localisation service.
How will 5G enabled IIoT dominate in the coming years?
Global 5G enabled IIoT market will reach $314.6 billion by 2030, growing by 26.9% annually over 2020 to 2030. The shipment of 5G enabled IIoT devices is expected to advance to 189.2 million units in 2030 driven by the fast-growing 5G deployment and its industrial applications.
Global xenon lamp market will grow with 9.03% CAGR
The analysts forecast the global xenon lamp market to exhibit a CAGR of 9.03% during the period 2019 to 2024. The report covers the present scenario and the growth prospects of the global xenon lamp for 2019-2024.