The global massive MIMO market size was around USD 1.94 billion in 2021 and is estimated to reach USD 13 billion by 2030, expanding at a compound annual growth rate (CAGR) of around 38.1% during the forecast period, 2022 to 2030. The market growth is attributed to the growing adoption of 5G technology in developing counties across the globe.
Massive MIMO (multiple input multiple output) is referred to as a type of wireless communications technology. This technology provides uniform services to wireless terminals, which are in high-mobility environments.
The word massive in massive MIMO systems refers to the number of antennas. Base stations are equipped with a high number of antennas that are used to assist several wireless terminals simultaneously. In massive MIMO, transmitters send different streams to different users at the same time using the same frequency and time resource. This increases the network capacity. More antennas are added to support additional streams and to increase bandwidth efficiency and capacity. Massive MIMO systems use advanced technologies such as beamforming and spatial multiplexing to enable 5G NR systems.
Massive MIMO technology offers several benefits such as improved coverage for cellular communication at the cell edge. A Cellphone user usually gets a strong cellular signal near the base station and a weak signal as the user moves away from the station towards the cell edge. Massive MIMO direct transmissions toward the user, which allows a better signal near the cell edge.
The MIMO technology facilitates simultaneous communications with multiple user equipment by using the same time and frequency resources. This improves bandwidth and aggregate throughput. Massive MIMO systems use millimeter wave frequencies that enable the systems to boost the signal power. These frequencies are increasingly used in 5G technology.
COVID-19 Impact on Massive MIMO Market
The global massive MIMO market witnessed strong growth during the COVID-19 period. The lockdown, social distancing policies, travel restrictions, and other pandemic-related regulations compelled several industries, factories, offices, and organizations to stop the manufacturing process completely or provide work-from-home to their employees.
Although it affected the supply chain across the globe, the work-from-home increased internet use to browse online media content. Therefore, several companies opted for the massive MIMO technology to provide uninterrupted internet services to their employees. High demand for high-speed internet for both residential and commercial applications during the pandemic boosted the demand for the massive MIMO technology market. Rapid growth in data volume during the pandemic has positive impact on the global massive MIMO market.
Massive MIMO Market Dynamics
The global massive MIMO market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global massive MIMO market analysis has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Trends:
Adoption of internet-enabled devices is one of the current market trends
Increasing penetration of the internet, continuous technological advancements, and rising disposable income among consumers have increased the demand for internet-enabled devices across the globe. Such devices provide users with internet connectivity, which they can use for various applications such as gathering desired content or information off the internet.
The growing adoption of internet-enabled devices, which are used to connect and share information, fuels the demand for the massive MIMO technology. The technology facilitates the transmission of a large amount of data at a high speed across the internet. Surging demand for high-speed internet for internet-enabled devices propels the global market growth.
Key Drivers:
High demand for 5G network technology boosts the global market
The adoption of advanced and innovative technology such as 5G needs high bandwidth and low latency. It boosts the demand for increased integration of the massive MIMO technology, as it facilitates minimizing workforce, low network congestions, and high capacity to bring ease in the deployment of 5G network services across the globe.
Surging demand for data at high speed drives the global market
Increasing internet penetration, rising smartphone users, and growing work-from-home culture have increased the amount of data over the internet across the globe. Increasing demand for the huge amount of data to be transmitted at high speed for various applications boosts demand for the massive MIMO technology globally. Technological advancements, rapid urbanization, and high disposable income boosts the demand for data at a high speed, which drives the global massive MIMO market growth.
Increasing demand for massive MIMOs in various industries
Industries such as IT & telecommunication, military, and others are increasingly adopting the massive MIMO technology for its advanced antennas and complex algorithms. High demand for improved internet speed, connectivity, and user experience from various industries boosts the demand for the massive MIMO technology across the globe.
Existing Restraints:
Lack of usage of the TDD spectrum hampers the global market growth
Currently, the traffic going back and forth between the user terminal and the base station is asymmetrical. The TDD spectrum uses a single frequency and a frame that offers various time periods and slots to communications going in both directions. Using the TDD spectrum helps customize the network performance to meet the demand. However, the majority of network companies across the globe are using the FDD spectrum, which provides a single frequency channel for both directions. The wide usage of the FDD spectrum restrains the global massive MIMO market growth.
Emerging Opportunities:
Development of indoor massive MIMO technology offers lucrative opportunities
The recent development of the indoor massive MIMO technology is expected to offer growth opportunities to the market players in the coming years. The indoor massive MIMO aids in increasing the network capacity. The massive MIMO technology provides solutions for the transmission of huge amounts of data at high speed. The growing number of smartphone users across the globe and the increasing demand for advanced technologies such as indoor massive MIMO provides the market players with opportunities of growth.
Massive MIMO Market Scope
The global massive MIMO market research analysis includes an assessment of the market trends, market segments, and regional markets. Market overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Massive MIMO Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Technology (5G, LTE Advanced, and LTE Advanced Pro), Spectrum (Time Division Duplex (TDD), Frequency Division Duplex (FDD), and Others), and Antenna (8T8R, 16T16R, 32T32R, 64T64R, 128T128R, and Above)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis, Market Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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NEC Corporation; NTT Corporation; MTN Zambia; Fujitsu; ZTE Corporation; SAMSUNG (Samsung Electronics Co. Ltd); Huawei Technologies Co., Ltd.; Nokia Corporation; China Mobile Limited; Verizon Communications Inc.; Telefonaktiebolaget LM Ericsson; Reliance Jio Infocomm Ltd.; China Unicom (Hong Kong) Limited; T‑Mobile USA, Inc.; Deutsche Telekom AG; and Others
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Market Segment Insights
5G segment holds a key market share
Based on technology, the global massive MIMO market is divided into 5G, LTE advanced, and LTE advanced pro. The 5G segment is projected to attribute a large market revenue share during the forecast period, due to increasing demand for advanced technology such as 5G across the globe. The 5G segment is expected to register a high CAGR of around 82% in the coming years, as several key market players are increasingly investing in the 5G technology around the world. Increasing adoption of IoT, 5g chipsets, and other technologies that support 5G, in turn, increases the demand for 5G technology globally. This boosts the demand for the deployment of massive MIMO technology.
The LTE advanced segment is estimated to register continuous growth in the coming years, as the LTE advanced technology aids in resolving bandwidth issues for single carrier service users. The LTE advanced segment is estimated to register a CAGR of around 38% in the coming years. Growing demand for high-speed internet and implementation of MIMO antennas drive the growth of the LTE advanced segment. The LTE advanced technology caters to high throughput and long-range applications, which helps in boosting the growth of the segment.
Time division duplex (TDD) segment to dominate the market
In terms of spectrum, the global massive MIMO market is segregated into time division duplex (TDD), frequency division duplex (FDD), and others. The TDD segment is projected to hold a key market share during the forecast period, as TDD runs on multiple spectrum bands to enable high user throughput. TDD enhances the customer experience by reducing operator costs per bit. TDD provides spectrum flexibility, easy roaming, and high capacity with carrier aggregation.
64T64R segment holds a significant market share
On the basis of antenna, the global massive MIMO market is divided into 8T8R, 16T16R, 32T32R, 64T64R, 128T128R, and above. The 64T64R segment is expected to register major growth during the forecast period, as several companies use 64T64R antennas for their testing and deployment applications. 64T64R antennas are used by massive MIMO radios to increase their capacity beyond 6 Gbps per sector. Rising adoption of 64T64R antennas among most companies across the globe fuel the segment growth.
North America to dominate the market
In terms of region, the global massive MIMO market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The massive MIMO market in North America is expected to register a high CAGR during the forecast period, owing to the high presence of major market players such as Verizon, T-Mobile, Sprint, and AT&T in the region.
These market players account for around 95% of all network subscriptions. Smartphone users in the US are expected to continuously increase from around 280 million in 2019 to more than 299 million during the forecast period. Major market players are increasingly investing in advanced technologies such as 5G, which is anticipated to boost the massive MIMO market in North America. Rising collaborations or mergers between key market players such as a merger between T-Mobile and Sprint Corporation drive the massive MIMO market in the region.
The massive MIMO market in Asia Pacific is anticipated to expand at a rapid pace, due to the rapidly growing telecommunications industry in the region. Several market players are investing in the development of massive MIMO in Asia Pacific to meet the growing demand for advanced technology in the region.
The rising penetration of smartphones in the region results in the growth of data sharing over the internet, which further boosts the massive MIMO market in Asia Pacific. Presence of key market players such as Huawei, China Unicom, Reliance Jio, and others in the region fuels the massive MIMO market growth in Asia Pacific.
Segments
The global massive MIMO market has been segmented on the basis of
Technology
- 5G
- LTE Advanced
- LTE Advanced Pro
Spectrum
- Time Division Duplex (TDD)
- Frequency Division Duplex (FDD)
- Others
Antenna
- 8T8R
- 16T16R
- 32T32R
- 64T64R
- 128T128R
- Above
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- NEC Corporation
- NTT Corporation
- MTN Zambia
- Fujitsu
- ZTE Corporation
- SAMSUNG (Samsung Electronics Co. Ltd)
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- China Mobile Limited
- Verizon Communications Inc.
- Telefonaktiebolaget LM Ericsson
- Reliance Jio Infocomm Ltd.
- China Unicom (Hong Kong) Limited
- T‑Mobile USA, Inc.
- Deutsche Telekom AG
- Others
Competitive Landscape
Key players competing in the global massive MIMO market are NEC Corporation; NTT Corporation; MTN Zambia; Fujitsu; ZTE Corporation; SAMSUNG (Samsung Electronics Co. Ltd); Huawei Technologies Co., Ltd.; Nokia Corporation; China Mobile Limited; Verizon Communications Inc.; Telefonaktiebolaget LM Ericsson; Reliance Jio Infocomm Ltd.; China Unicom (Hong Kong) Limited; T‑Mobile USA, Inc.; Deutsche Telekom AG; and others. Some of these major companies have adopted various business development strategies including acquisitions, mergers, collaborations, partnerships, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In April 2020, T‑Mobile USA, Inc. and Sprint Corporation completed the merger, which was valued at around USD 26.5 billion. The merger is expected to aid companies to combine their assets to expand their 5G network and introduce next-generation technology to the industry.
- In September 2020, NTT Corporation, NEC Corporation, and Fujitsu partnered to test 400Gbps/channel-class digital coherent optical transmission technology. The successful transmission of this test facilitates the companies to build an advanced core network that expands machine-to-machine communications and transmits ultra-high-definition videos seamlessly.
- In October 2020, ZTE Corporation, a China-based technology company, entered a partnership with MTN Zambia, which is a leading telecommunication provider in Zambia. The partnership helps ZTE Corporation to build a cross-border fiber backbone and an optical transmission network backbone to connect the capital of Zambia, Lusaka, to its border.
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