Microchip Poised for IoT Growth as LoRaWAN Market Hits $44.2B by 2032
MCHP•Global LoRaWAN market is forecast to swell from $3.6 billion in 2025 to $44.2 billion by 2032 at a 43.1% CAGR, boosting demand for Microchip’s IoT connectivity chips. However, persistent semiconductor equipment supply-chain constraints may throttle MCHP’s production scalability.
1. LoRaWAN Market Expansion
Microchip stands to benefit from LoRaWAN’s projected rise from $3.6 billion in 2025 to $44.2 billion by 2032 at a 43.1% CAGR, driven by industrial IoT use cases in predictive maintenance across utilities, agriculture and manufacturing.
2. Semiconductor Supply-Chain Constraints
Industry forecasts highlight that chip equipment leaders expect over 30% annual growth but face supply-chain bottlenecks, signaling potential production delays for semiconductor chipmakers like Microchip.
3. Implications for Microchip Growth
Persistent supply limitations could cap Microchip’s ability to scale IoT chip output, making operational improvements and capacity expansions critical to capture the booming LoRaWAN demand.
