Overview and Scope
Massive multiple-input multiple output (MIMO) refers to wireless communication in which base stations have many antenna components to increase spectrum and energy efficiency. It allows for highly focused range use, eliminates performance bottlenecks, supports more users per cell, and enhances the end-user experience in densely crowded locations.
Sizing and Forecast
The massive mimo market size has grown exponentially in recent years. It will grow from $6.41 billion in 2023 to $9.05 billion in 2024 at a compound annual growth rate (CAGR) of 41.2%. The growth in the historic period can be attributed to rise of 4g technology, demand for increased network capacity, spectrum availability, early market adoption, research and development initiatives.
The massive mimo market size is expected to see exponential growth in the next few years. It will grow to $35.47 billion in 2028 at a compound annual growth rate (CAGR) of 40.7%. The growth in the forecast period can be attributed to 5g rollout and expansion, iot and industry 4.0, network densification, demand for enhanced mobile broadband, network virtualization. Major trends in the forecast period include massive mimo in mmwave bands, beamforming advancements, network slicing for customization, energy efficiency improvements, open ran (radio access network).
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Segmentation & Regional Insights
The massive mimo market covered in this report is segmented –
1) By Technology: LTE Advanced, LTE Advanced Pro, 5G
2) By Type Of Antennas: 8T8R, 16T16R And 32T32R, 64T64R, 128T128R And Above
3) By Spectrum: Frequency Division Duplex (FDD), Time Division Duplexing (TDD), Other Spectrums
Asia-Pacific was the largest region in the massive MIMO market in 2023. The regions covered in the massive mimo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for high-speed and reliable mobile communication is expected to propel the growth of the massive MIMO market going forward. High-speed and reliable mobile communication refers to a wireless network that offers reliable connectivity and rapid data transfer rates for smooth mobile communication. Massive MIMO is a cutting-edge technology used in mobile communication that is crucial for fulfilling the demands of faster data transfer rates, greater network capacity, and an improved user experience. For instance, in July 2023, according to the Organization for Economic Co-operation and Development, a France-based international organization, data usage per mobile broadband subscription in OECD countries grew 17% in 2022, and the volume of mobile data usage overall per subscription has doubled in four years, from 4.7 gigabytes per month to 10.4 GB in 2022. Therefore, the increasing demand for high-speed and reliable mobile communication is driving the growth of the massive MIMO market.
Key Industry Players
Major companies operating in the massive mimo market report are Samsung Electronics Co Ltd., China Mobile Ltd., Verizon Communications Inc., Deutsche Telekom AG, AT&T, Huawei Technologies Co Ltd., T-Mobile, Intel Corporation, China Unicom Ltd., Qualcomm Technologies Inc., Sprint Corporation, Fujitsu Limited, Fujitsu Limited, NEC Corporation, Ericsson AB, Nokia Corporation, ZTE Corporation, Bharti Airtel Limited, Analog Devices, CommScope Inc., Mavenir Systems Inc., Comba Telecom, Airspan Networks Inc., Mimosa Networks Inc., Redline Communications Group Inc., Blue Danube Systems, Siklu Communication Ltd.
The massive mimo market report table of contents includes:
1. Executive Summary
2. Massive MIMO Market Characteristics
3. Massive MIMO Market Trends And Strategies
4. Massive MIMO Market – Macro Economic Scenario
5. Global Massive MIMO Market Size and Growth
…
32. Global Massive MIMO Market Competitive Benchmarking
33. Global Massive MIMO Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Massive MIMO Market
35. Massive MIMO Market Future Outlook and Potential Analysis
36. Appendix
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