Wifi HaLoW Devices Market - Forecast(2024 - 2030)

The Wi-Fi HaLow Devices Market size is estimated to grow at a CAGR of 37.4% during 2024-2030 to reach revenue of $1511.8 million by 2030. As the market is early stage in growth cycle, so it is expected that the market for Wi-Fi HaLow Devices is primarily driven by the increased demand for IoT and smart devices and enhanced connectivity in crowded environments. Additionally, the demand for Wi-Fi HaLow Devices in the global market is also being driven by the Low power consumption, Growth of smart home applications, Advancements in semiconductor technology, Emerging smart transportation applications etc. The growth can be attributed to the adoption of Wi-Fi HaLow devices across various industries due to its ability to offer long range connectivity at low cost, low power consumption, and avail high data speed as compared to others. Furthermore, its ability to provide network in dead zones, better battery life, higher scalability, simple installation process are the main market drivers. Wi-fi HaLow technology’s ability to penetrate through walls, buildings or other barriers is also considered as an important factor contributing to the market growth. This technology supports a carrier-sense multiple access with collision avoidance (CSMA/CA) which acts to prevent collision before it occurs. This in turn, increases the adoption rate of this technology. In addition, it also supports machine to machine communication, various types of adaptive coding and modulation (ACM) schemes that are progressively being used to increase the network capacity or downlink data rates. This is a major contributing factor to the market growth.

The report: “Wi-Fi HaLow Devices Industry Outlook – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Wi-Fi HaLow Devices industry.

By Device Type: Transceiver, Chipsets, Modules, Others

By Frequency Band: 750-850 MHz, 851-950 MHz, Other Sub-1 GHz

By Speed: Below 15 Mbps, 15-30 Mbps, 30-45 Mbps, Over 45 Mbps

By Range: Below 1 Km, Up to 3 Kms

By Device Connectivity: Below 3000, 3001-5000, 5001-8000, More than 8000

By Security: WPA2, WPA3, Advanced Encryption Standard (AES)

By Application: Industrial Automation, Home Automation, Building Automation, Smart Security Surveillance, Access Control, Smart Agriculture, Wearables Device, Digital Healthcare, Logistics and Asset Management, Others

By End Use: Power, Oil & Gas, Automotive, Healthcare, Mining, Agriculture, Waste Water & Treatment, Transportation & Logistics, Electronics & Semiconductors, Metal Processing, General Manufacturing, Paper & Pulp, Construction, Others

By Geography: North America(Canada, Mexico, U.S.), South America(Argentina, Brazil, Chile, Colombia, Rest of South America), Europe(France, Germany, Italy, Netherlands, Belgium, Spain, UK, Denmark, Rest of Europe), APAC(China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), RoW(Saudi Arabia{UAE, Israel}, South Africa{Nigeria, Rest of Africa})

• Agriculture sector is analyzed to grow with a significant pace during the forecast period, Factors like climate change, water scarcity, labour demand, and crop failures are increasing the need for global food production. 

• By device type, chipsets market is estimated to witness the fastest growth, for the Internet of Things (IoT), announced the availability of Wi-Fi HaLow system-on-chip (SoC) and module samples to early access partners and important clients.

• Wi-Fi HaLow industry outlook is consolidated with the top market players including Morse Micro, Newracom, Alpha Networks Inc, Silex Technology, Palma Ceia SemiDesign and many others.

By device type, this market is segmented into Transceiver, Chipsets, Modules, and others. Wi-Fi HaLow chipsets market is analyzed to grow with the highest market share of 61.4% in 2023. As Wi-Fi HaLow chipsets become more widely available and affordable, the cost of Wi-Fi HaLow devices may decrease, making the technology more accessible to a broader range of applications and industries, driven by the increasing deployment of connected devices across various industries and the ongoing pursuit of enhanced performance and efficiency in IoT applications. Chipsets form the core components that enable communication, data processing, and functionality within IoT devices. The market for IoT chipsets is characterized by constant innovation to meet the evolving demands of diverse applications, ranging from smart homes and industrial automation to healthcare and smart cities. In April 2023, Newracom, Inc., a leading supplier of IoT-enabled wireless connectivity chipsets, and Askey, a member of ASUSTek Computer Inc., have announced a partnership to develop a product line of Wi-Fi HaLow enabled IoT devices for smart city solutions.

Agriculture segment of Wi-Fi HaLow Devices Market is projected to reach a highest CAGR of 61.8% during the forecast period 2024-2030. According to the United Nations Food and Agriculture Organization, the world will need to produce 70% more food in 2050, to feed the world's growing population. Factors like climate change, water scarcity, labor demand, and crop failures are increasing the need for global food production. To meet this demand, farmers are adopting IoT technologies for precision agriculture, integrating sensors and telematics into farming equipment for real-time data tracking and management. This adoption represents a significant advancement in the agricultural industry, aiming to improve manufacturing efficiencies and elevate farming practices to the next level with IoT innovations. Smart agriculture, as it relates to the Industrial Internet of Things (IoT), is the process of fine-tuning and optimizing the product cycle using digital tools. These devices communicate in real time to collect data and deliver critical insights that can be implemented by the technology or at the farmer's discretion

Geographically, in the global Wi-Fi HaLow Devices Market share, APAC is analyzed to grow with a market share of 34.8% in 2023. The Internet of Things market in China has been growing quickly. For Internet of Things (IoT) installations, Wi-Fi HaLow is a desirable option because to its capacity to support a sizable number of low- power, connected devices over a wider area. The need for Wi-Fi HaLow equipment can increase as more businesses and consumers adopt IoT solutions. China has made significant investments in constructing smart cities and modernizing its infrastructure. To improve energy efficiency, traffic control, trash management, and other vital services, Wi-Fi HaLow may play a significant role in linking numerous smart devices, sensors, and equipment across the city. China's manufacturing and industrial sectors have embraced Industry 4.0 technology, depending on networked devices for data analytics, process optimization, and preventive maintenance. The long-range capabilities of Wi-Fi HaLow can be useful in expansive industrial environments where standard Wi-Fi signals might not be able to penetrate.

Expanding demand of IoT devices, such as home appliances, thermostats, and surveillance cameras, as well as large factory sensor networks creating the opportunities for technologies that are easy to use and implement provide greater benefits from IoT applications. Wi-Fi HaLow is the Wi-Fi of the future because it provides IoT applications with long reach, low power, interoperability, Scalability and advanced security. As IoT advances, the number of smart devices in homes and industries is growing. The IoT is all about connectivity, and the wireless options are numerous, well-established, and constantly evolving. In terms of demand of IoT devices, the consumer sector will account for 58% of all connections by 2030. The average American household used 22 connected devices in 2022. Consumers everywhere, from smartphones and smart TVs to sprinkler systems and smart thermostats, are actively expanding their own IoT networks, even if they aren't thinking in those terms. Connected devices are essential in daily life, and Wi-Fi has become synonymous with IoT connectivity.

Wi-Fi HaLow can also increase the efficiency and lower the overall cost of ownership of a commercial building's HVAC system. Consider the cooling of the air in a large office building. This entire network of compressors, sensors, thermostats, and damper controllers can be networked together to provide a high-level view of the building's performance to on-site or cloud-based building management system (BMS) monitors. The traditional method of constructing this network entails connecting most of these components via wired power and

signal connections. Wi-Fi HaLow integrated circuits outperform both wired and proprietary wireless technologies. Because Wi-Fi HaLow uses narrow channels that can penetrate walls, ceilings, floors, and objects much easier than wired or wireless technologies. Wi-Fi HaLow is designed for IoT and has the potential to expand the current capabilities of Smart Home platforms. It is ideal for home automation devices due to its long range, low power, penetrating signal, and data throughput.

In Wi-Fi HaLow Devices market, for applications that do not require long-range communication or extremely low-power consumption, traditional Wi-Fi operating in the 2.4 GHz and 5 GHz bands remained a prevalent and reliable option. Standard Wi-Fi offers higher data rates and is well-established in many consumer and commercial applications. LoRaWAN is a low-power, wide-area networking technology designed for long-range communication in IoT applications. LoRaWAN's power efficiency and long-range capabilities make it suitable for applications like smart cities, agriculture, and asset tracking. The introduction of 802.11ax at the same time as Wi-Fi HaLow had a significant negative impact on the market for Wi-Fi HaLow. 802.11ax solutions were more popular than 802.11ah or HaLow solutions because, unlike HaLow, they had a standard frequency spectrum, which made them more cost effective. Similarly, there has been a noticeable increase in demand and investment for 5G and LTE IoT products, leaving almost no resources for the HaLow market to grow, which is a major market challenge for WI-FI HaLow.

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Wi-Fi HaLow Devices Market. Wi-Fi HaLow Devices top 10 companies include: 

1. Morse Micro

2. Newracom

3. Alpha Networks Inc

4. Silex Technology

5. palma Ceia SemiDesign

6. Brickcom

7. AdvanWISE

8. Lite On

9. Vizmonet

10. Orca System

• In March 2023, Australia-based semiconductor company Morse Micro, developing Wi-Fi HaLow for low-power mid-range IoT solutions, has struck a deal with IoT module maker Quectel Wireless Solutions to bring commercial Wi-Fi HaLow products to market.

• In April 2023, Newracom, Inc., a leading supplier of IoT-enabled wireless connectivity chipsets, and Askey, a member of ASUSTek Computer Inc., have announced a partnership to develop a product line of Wi-Fi HaLow enabled IoT devices for smart city solutions.

• In May 2023, Silex Technology, a global provider of leading wireless networking solutions, today announced the SX-SDMAH, an industrial-grade Wi-Fi HaLow SDIO module that delivers high transmission power.

Report Code: ITR 15670

Report Code: ESR 0868

Report Code: ESR 0825