IHS Markit predicts up to 43 percent of all low power wide area networks (LPWANs) will be based on Semtech’s LoRa® devices and the LoRaWAN® protocol by 2023*. As of December 2019, more than half a million LoRa-enabled gateways have been deployed globally, supporting 135 million LoRa-based end nodes**. With the global adoption of Internet of Things (IoT) solutions and the growing market share of LoRa-enabled applications, it is becoming more and more difficult to identify a business segment that could not benefit from some level of connected devices. With new LoRa use cases being announced regularly, and growing numbers of worldwide LoRaWAN network deployments (public or private), it seems the only limit to these applications is the imagination of the developers and system integrators solving real world business challenges today.
CavagnaGroup® is a leading creator of smart solutions and products for controlling and managing compressed gasses. These products have been successfully implemented into a wide range of markets including, energy, medical, alternative fuel, and even specialty cryogenics. With years of close collaboration, CavagnaGroup and Semtech have developed a range of innovative smart industrial products based on LoRa® devices and the LoRaWAN® protocol. Recently, Semtech was invited by CavagnaGroup to participate in the World Liquefied Petroleum Gas Association (WLPGA)’s annual event in Amsterdam.
The global Internet of Things (IoT) fleet management market will grow from $3.17 billion in 2016 to an estimated $13.17 billion by 2023, according to Stratistics MRC’s forecast on the market.
According to the United States Department of Transportation 2016 Annual Report, U.S. businesses ship over 56 tons of freight per capita in the U.S. – a four percent increase from 2012 estimates.