Massive MIMO Market

Global Massive MIMO Market Size (2024 to 2032):

The size of the global massive MIMO market was worth USD 4.08 billion in 2023. The global market is anticipated to grow at a CAGR of 36% from 2024 to 2032 and be worth USD 65 billion by 2032 from USD 5.55 billion in 2024.

MARKET DRIVERS

The requirement of data transfer for a large amount of data, at high speeds, in a meantime, is the major factor that was driving the expansion of the global massive MIMO business.

Also, the excessive signal to noise ratio along with the reliability of the link is the other factor that is boosting the growth of the target market over the coming years. Further, a major reduction in the latency on the interface of air is further fuelling the massive MIMO market, during the forecast period.

MARKET RESTRAINTS

The lack of standardization of the allocation of spectrum is the key restraint that was challenging the growth of the massive MIMO market, all around the world. Additionally, high complexities in the processing of signal owing to the utilization of a large number of antennas & multiplexing is another key restraint that was hampering the growth of this market.

MARKET OPPORTUNITIES

The rise in software implementations in communication networks is creating lucrative opportunities for the expansion of the global massive MIMO market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Massive MIMO Market Analysis By Technology

The LTE Advanced technology segment held the major share of the market owing to the help of this technology, which is a major resolver of bandwidth issues, which occur mainly because of the presence of a very high number of users on a single carrier service.

REGIONAL ANALYSIS

In the regional analysis of the global massive MIMO market, Asia-Pacific accounted for the significant share of the business, in the revenue aspect.

It is also foreseen to continue this trend over the evaluated period, owing to the high growth potential in this region. Rapid advancements in technologies are the major driver for the growth of the Massive MIMO Market in the Asia-Pacific area. Also, various telecom companies are growing their investments in the development of massive MIMO technology in the locale. In addition, growth in the number of smartphone users is resulting in the growing usage of the Internet through data sharing. Furthermore, the growing adoption of this massive MIMO is increasing the stability of communication, managing the traffic of data, and increasing transmission & reception speed owing to various types of applications utilizing the Internet as a source of information & communication, which are turning to boost the growth of the target market in this vicinity.

The Europe Massive MIMO Market is anticipated to witness significant growth over the outlook period in the global revenue. The major factor that raised the growth of the target market in this region was the growing investments in the development of MIMO technology. Germany is the key region that contributed to the global market revenue, which accounted for over US$352.6 Million, whereas over US$585.3 Million in the region will come from the rest of the European nations.

KEY PLAYERS IN THE GLOBAL MASSIVE MIMO MARKET

Companies playing a prominent role in the global massive MIMO market include China Mobile Ltd., China Unicom (Hong Kong) Ltd., Comba Telecom Systems Holdings Ltd., CommScope, Inc., Deutsche Telekom AG, Ericsson AB, Huawei Technologies Co., Ltd., Kathrein SE, Nokia Corporation, Reliance Jio Infocomm Ltd., Samsung Electronics Co., Ltd., Singtel Optus Pty., Ltd., SmarTone Mobile Communications Limited, Sprint Corporation, Telefonica SA, Telstra Corporation Ltd., T-Mobile US, Inc., Verizon Communications, Inc., Vodafone Group PLC, and ZTE Corporation., and Others.

RECENT HAPPENINGS IN THE GLOBAL MASSIVE MIMO MARKET

• iQSTEL Inc. has announced that its communications subsidiary, QGlobal SMS, has entered into a partnership deal with China Mobile, one of the key players of the global massive MIMO market, for facilitating the ease in the business exchange between iQSTEL and China Mobile.
• China United Network Communications Group or China Unicom, a Chinese state-owned telecommunications operator of China, has signed a strategic cooperation agreement of the 6G joint with ZTE where the two parties will focus on innovations like 6G sector and jointly explore 6G vision & technology trends to develop the network and business conditions in this area.

DETAILED SEGMENTATION OF THE GLOBAL MASSIVE MIMO MARKET INCLUDED IN THIS REPORT

This research report on the global massive MIMO market has been segmented and sub-segmented based on spectrum, technology, type of antennas, application, and region.

By Spectrum 

• TDD
• FDD
• FBMC
• OFDM 

By Technology

• LTE Advanced
• LTE Advanced Pro
• 5G

By Type of Antennas 

• 8T8R 
• 16T16R 
• 32T32R 
• 64T64R 
• 128T128R & Above

By Application 

• Commercial Use
• 6.4.2 Public Use

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa