According to Cognitive Market Research, the global Transportation LPWA market size will be USD 6681.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 34.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2672.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2004.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1536.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 334.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 133.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.2% from 2024 to 2031.
The connected vehicles/ev charging held the highest Transportation LPWA market revenue share in 2024.
