Sub-GHz Modules Market By Frequency Band (433 MHz, 868 MHz, 915 MHz, Others (e.g., 470 MHz)); By Type (Long Range, Transmitters, Transceivers, Receivers); By Application (Smart Metering (Water, Gas, Electricity), Smart Agriculture (Precision Farming), Home Automation, Industrial IoT, Building Automation, Asset Tracking, Smart Cities, Environmental Monitoring); By End-Use Industry (Energy and Utilities, Agriculture, Manufacturing and Industrial, Healthcare, Transportation and Logistics, Consumer Electronics, Retail and Hospitality); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The Sub-GHz modules market was worth USD 1.1 billion in 2023 and will be worth USD 2.8 billion by 2030, growing at a CAGR of 10% during the forecast period.

 

The global market for Sub-GHz modules is increasing due to the continuously rising need for long-range and low-power connections in smart agriculture, industrial IoT, smart cities, and many other applications. As the IoT device installations are expected to be more than thirty billion in 2025, Sub-GHz technology has drawn attention owing to its capability to deliver a greater range a far range up to a few kilometers, with lesser power than that of comparing to other, higher frequency but bandwidth-constrained links. For instance, Sub-GHz modules can be applied in precision agriculture for tracking the moisture content of the soil and the prevailing weather in extensive fields for efficient use of water in farming. Some of the newer trends include the combination of sub-1 GHz solutions with LoRaWAN networks, which improve coverage and general performance for IoT applications in rural and urban areas and hence embrace the use of these modules in different industries.

 

One of the significant trends influencing the Sub-GHz module market is the application of smart metering and utility management systems. Smart meters have led Sub-GHz modules to grow at over an 8% annual rate in the global market, making energy and water utilities significant customers due to the module’s ability to cover long distances with little power usage. For instance, Sub-GHz modules in smart meters allow energy management at the fixed network level by monitoring the usage rate in real time, thus helping utilities optimize resource requirements and cut operational costs. Recent evolution started using sub-gigahertz technology in smart grid networks that enable the efficient transfer of information between distributed power generation, such as photovoltaic and storage systems, irrespective of the zones that the latter occupies. Such a need for energy efficiency and smart infrastructure is expanding the opportunities for the application of Sub-GHz modules in the utility industry.

 

 

Market Segmentation

By Frequency Band:

• 433 MHz

• 868 MHz

• 915 MHz

• Others (e.g., 470 MHz)

 

By Type:

• Long Range

• Transmitters

• Transceivers

• Receivers

 

By Application:

• Smart Metering (Water, Gas, Electricity)

• Smart Agriculture (Precision Farming)

• Home Automation

• Industrial IoT

• Building Automation

• Asset Tracking

• Smart Cities

• Environmental Monitoring

 

By End-Use Industry:

• Energy and Utilities

• Agriculture

• Manufacturing and Industrial

• Healthcare

• Transportation and Logistics

• Consumer Electronics

• Retail and Hospitality

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Geographically, North America leads the Sub-GHz module market because IoT solutions, smart cities, and industrial automation applications are popular in the U. S. and Canada. The U. S. is one of the key adopters of Sub-GHz technology, especially for smart metering, where utilities companies have been embracing smart meters in managing energy and water consumption. For instance, it is estimated that more than 80 million smart meters have been installed in the U.S., deploying Sub-GHz for long-range, low-energy transmission in both the urban and rural environment. Recent developments in North America include the growth of LoRaWAN networks based on Sub-GHz frequencies that are useful in smart city initiatives, including real-time regulating traffic patterns and environmental control. This concentration on IoT capacity implementations and network upgrades has further tanked North America’s dominance in the Sub-GHz module market.

 

Key Players

• Semtech Corporation

• Texas Instruments Incorporated

• Silicon Labs

• STMicroelectronics

• Murata Manufacturing Co., Ltd.

• Microchip Technology Inc.

• NXP Semiconductors

• Atmel Corporation

• Laird Connectivity

• Digi International Inc.

• Telit Communications PLC

 

Sub-GHz Modules Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 1.1 billion
Revenue Forecast in 2030	USD 2.8 billion
Overall Growth Rate	CAGR of 10%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 – 2030)
Segmentation	By Frequency Band, By Type, By Application, By End-Use Industry, By Region
By Frequency Band	433 MHz, 868 MHz, 915 MHz, Others
By Type	Long Range, Transmitters, Transceivers, Receivers
By Application	Smart Metering, Smart Agriculture, Home Automation, Industrial IoT, Smart Cities
By End-Use Industry	Energy & Utilities, Agriculture, Manufacturing, Consumer Electronics, Retail & Hospitality
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.