The global massive MIMO (multiple-input multiple-output) market is expected to grow at a significant CAGR of 35% during the forecast period (2024-2031). The major factors propelling the growth of the global massive MIMO market include the rising need for high-speed synchronization. Additionally, the rising adoption of 5G technology in various regions will boost the growth of the market. Massive MIMO provides technological superiority with a greater variety of antenna array types, as well as simplicity of deployment and lower energy consumption. Furthermore, huge MIMO’s various advantages, such as increased capacity, reduced labor, lower network congestion, and beam-formation technology, are propelling the massive MIMO sector forward.
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Massive multiple-input, multiple-output, or massive MIMO, is a multi-user MIMO technology that may supply wireless terminals in high-mobility situations. The key assumption is to provide base stations with multiple antenna arrays that can simultaneously serve several terminals in the same time-frequency resource.
Several major players in the market are strengthening their market presence by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements. For instance, in June 2021, NEC Corporation announced to introduce radio units for 5G base stations till 2022. The radio units will be adaptable with the n77, n78, and C-Band 3.7GHz frequency band (3.3-4.2GHz). Additionally, high-speed, high-capacity communications between a wider range of terminals will be provided by massive MIMO-enabled ultra-multi-element antennas and digital beamforming for high-precision beams.
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Market Coverage
- Segment Covered-
o By Spectrum
o By Technology
o By Type of Antennas
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Verizon (US), Sprint (US), Airtel (India), China Mobile (China), and Deutsche Telekom (Germany), among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Massive MIMO Market – Segmentation
By Spectrum
- TDD
- FDD
- Others
By Technology
- LTE Advanced
- LTE Advanced Pro
- 5G
By Type of Antennas
- 8T8R
- 16T16R & 32T32R
- 64T64R
- 128T128R & Above
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