Global Massive MIMO Market Overview
The key drivers impacting the massive MIMO market are the rising 5G deployment. For instance, According to the Congressional Research services report estimations, telecommunication providers started installing fifth-generation (5G) networks in 2018. This is to meet up speedily growing demands for data from consumer and industrial users. The 5G technologies are anticipated to produce $12.3 trillion in sales activity across several industries. The U.S. is among the leading players, along with China and South Korea. Moreover, the rising prominence of applying the software in communications networks and expanding connectivity of mobile phones contribute to massive MIMO market demand in the later years.
According to Value Market Research, the global massive MIMO market size was valued at about USD 4.2 billion in 2017 and is estimated to grow at a CAGR of around 42% during the forecast period 2021 to 2027.
The increased signal-to-noise ratio to proficiently connect and transmit data and growing utilization of MIMO across several industry verticals will likely augment the need for massive MIMO in the forecast period. Also, the growing demand for high-speed Internet connections and rapidly rising smartphone users across the globe are positively impacting the market growth. However, the lack of standardization of spectrum allocation hampers the market in the long run. In addition, the highly complicated setup and need for a rich diversity of signal paths between receiver and transmitter impede the growth of the market. Nevertheless, the market trends include penetration into multiple applications, such as the growing need for high throughput and long-range applications, and constantly advancing in 4G LTE & 4.5G Data Models, which might provide considerable opportunities to the market's leading players.
The massive MIMO market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to raise their market share globally. The key players in the report are Huawei, Nokia, Ericsson, ZTE, Verizon, Sprint, China Mobile, Airtel, and Deutsche Telekom.
In this research report, the massive MIMO market is segmented by spectrum, technology, type of antenna, and region.
Analysis by Spectrum:
By spectrum, the report is segmented into TDD, FDD, and Others. The TDD segment dominates with a significant market share in 2020. It is because; TDD significantly improves customer experience and lowers the operator’s cost per bit. TDD also provides spectrum flexibility. Moreover, TDD runs on numerous spectrum bands with a bandwidth up to 200 MHz in a single band which enables high capacity, easier roaming, and high user throughput with carrier aggregation thereby contributes to the growth of the gates segment in the forecast period.
Analysis by Technology:
By technology, the report is segmented into LTE Advanced, LTE Advanced Pro, and 5G. The LTE Advanced segment dominates with the highest market share in 2020. It is this technology helps resolve bandwidth issues, which occur mainly due to the presence of millions of users on a single carrier service, thereby contributes to the growth of the gates segment in the forecast period.
Analysis by Type of Antennas:
By Type of Antennas, the report is divided into 8T8R, 16T16R & 32T32R, 64T64R, and 128T128R & above. The voice recognition segment dominates the type of Antennas segment with the highest market share of 36% in 2020. It is because most of the companies in the market utilize the 64T64R type of antenna in their deployment and testing and deployment. Moreover, enormous MIMO radios are using 64T64R antennas, which contribute to the 64T64R segment growth.
Analysis by Region:
In the regional outlook of the global massive MIMO market, the Asia Pacific region dominates with the largest market share of 36% in 2020. It is because China is among the most significant consumers for massive MIMO, and nations like India and China are attracting huge investments due to escalating number of smartphone users that results in improved data sharing. Moreover, the range of Chinese players such as China Unicom and Huawei and jointly have finished the field verification of the industry’s first FDD LTE-based massive MIMO technology are contributing to the tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Type of Antennas
- LTE Advanced
- LTE Advanced Pro
- 16T16R & 32T32R
- 128T128R & Above
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.