Massive MIMO Market

Massive MIMO Market Outlook (2022 to 2032)

Global Massive MIMO Market sales revenue totaled US$ 2.5 billion in 2021. Over the projection period, demand for massive MIMO is expected to rise at an impressive CAGR of 27.4%. The massive MIMO market size globally will likely increase from US$ 3.3 billion in 2022 to US$ 37.5 billion by 2032.

LTE advance pro is projected to remain the key revenue-generating segment for companies. As per Persistence Market Research (PMR), the target segment will thrive at around 27.2% from 2022 to 2032.

Key Trends Shaping the Market:

• Growing adoption of 5G technology globally is likely to boost the global massive MIMO industry
• Various advantages of massive MIMO like its speed and reliability over long distances and high traffic will encourage its adoption during the next decade
• Increasing penetration of IoT and other connected devices will foster market development
• Rising popularity of distributed massive MIMO is likely to create growth opportunities for companies
• Rapid advancements in communication technology like increasing adoption of 5G connectivity will support market expansion

Massive MIMO (Multiple Input Multiple Output) is a wireless communication technology that communicates with multiple users at the same time. This it does by utilizing a large number of antennas at the base station.

It is becoming key enabler technology for the next-generation cellular networks. Emerging trends indicate that massive MIMO has the potential to become core technology that will be utilized in all future wireless technologies.

The base station in massive MIMO is equipped with dozens or even hundreds of antennas, allowing it to communicate with multiple users at the same time, using the same frequency band. This improves the efficiency of the wireless network, increases its capacity, and reduces interference, resulting in faster data speeds and better coverage.

By using multi-antenna technologies, massive MIMO boosts spectral efficiency. It offers technical superiority with higher number of antenna array types and easy deployment.

Massive MIMO plays a vital part in 5G infrastructure. This is because its deployment provides high-speed data transfers that increases efficiency of 5G networks.

Benefits of massive MIMO:

• Improved coverage at cell edge
• Low network congestion
• Higher capacity
• Improved throughput
• Better network stability

The wide range of advantages associated with massive MIMO will boost the market through 2032. Rising number of smartphone users and growing trend of bring-your-own-device (BYOD) will create lucrative opportunities for the market,

Escalating demand for high-speed internet due to high penetration of smartphones will provide impetus to the global massive MIMO industry. Growing importance of massive MIMO and beam-forming will create growth prospects for companies.

Leading companies are expanding their product offerings to gain maximum profits. For instance, in 2021 Ericsson launched Air 3268, the lightweight antenna integrated radio. This new addition is designed for easy and more efficient 5G mid-band deployments in dense areas.

Asia Pacific is likely to retain its dominance over the market during the assessment period. It has a significant penetration rate of 5G with around 799 million subscribers of 5G in 2020. It is projected that around 2.7 billion people will be using 5G in the region by 2027. This will boost the Asia Pacific massive MIMO industry.

Massive MIMO can improve the efficiency and capacity of 5G networks by using numerous antennas at the base station. It can support the simultaneous communication of multiple devices while increasing network capacity and reducing interference.

Rise adoption of 5G in Asia Pacific will therefore continue to elevate the demand for massive MIMO during the assessment period.

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2017 to 2021 Massive MIMO Sales Outlook Compared to Demand Forecast from 2022 to 2032

As per Persistence Market Research (PMR), historically, from 2017 to 2021, the value of the massive MIMO market increased by around 33.4% CAGR. Over the projection period, global massive MIMO demand is projected to surge at 27.4% CAGR. The overall market will create an absolute $ opportunity of around US$ 34.2 billion through 2032.

Massive MIMO is a key technology in modern cellular networks, especially in the development of 5G networks. It is also being used in other wireless communication systems such as Wi-Fi and fixed wireless broadband.

A rising share of people are using mobile devices for data-intensive applications such as video streaming, social media, and online gaming. This has necessitated fast and more reliable wireless connections. Massive MIMO technology is well-suited to meet this demand. This is because it improves network capacity and performance.

5G networks are the significant users of the massive MIMO, as the technology is well-suited to meet the demands of 5G networks. Massive MIMO can help to improve network efficiency, increase capacity, and enhance coverage, making it a key component of 5G network infrastructure.

In 2019 there were around 12 million people subscribed to a 5G network which increased to around 1 billion people in 2022. It is projected that by 2027 there will be around 4.3 billion people using 5G data services.

Massive MIMO plays a crucial role in 5G networks in increasing capacity and enhancing the coverage for 5G networks. Hence, increasing number of 5G subscribers globally will uplift demand for massive MIMO during the assessment period.

With the rapid growth of the internet of things (IoT) and other connected devices, there is a growing need for wireless networks that can support a large number of devices and provide reliable connectivity. Massive MIMO technology can help to meet this need by increasing network capacity and improving coverage.

Mobile network operators around the world are also investing heavily in network infrastructure to meet the growing demand for high-speed data and support new technologies such as 5G. Massive MIMO is a key component of this infrastructure investment, as it can help to improve network efficiency and capacity.

The implementation of IoT is expanding throughout the world with around 7 billion IoT devices currently operating in the world. The number of IoT devices is projected to increase to around 25.4 billion devices.

Massive MIMO technology has the potential to significantly improve the performance and efficiency of wireless communication in IoT systems. By using a large number of antennas, massive MIMO can support the simultaneous communication of various IoT devices, reducing congestion and improving overall network performance.

With increase in the adoption of IoT devices globally, demand for massive MIMO is projected to increase during the assessment period.

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Country-wise Insights:

How is the United States Massive MIMO Market Shaping?

The United States massive MIMO market value is projected to reach US$ 5.1 billion by 2032. It will create an absolute $ growth of US$ 4.6 billion from 2022 to 2032. Massive MIMO sales revenues in the United States grew at 29.5% CAGR from 2017 to 2021. Over the next decade, the USA market is likely to progress at a CAGR of 26.0%.

Increasing penetration of 5G internet is a prominent factor driving the United States massive MIMO industry.

The United States had around 1.3 million people using 5G Internet and by 2024 this number is projected to reach around 168 million. This in turn will elevate demand for massive MIMO.

Massive MIMO improves the efficiency and capacity of 5G networks with the help of multiple antennas at the base station. It is becoming a key component of 5G infrastructure. Hence, rising adoption of 5G in the country will expand the market during the assessment period.

Why is China Becoming a Global Hub for Massive MIMO Companies?

China massive MIMO market is likely to exhibit a CAGR of 29.1% between 2022 and 2032. This is in comparison to 36% CAGR registered from 2017 to 2021. By 2032, China market is expected to cross a valuation of US$ 10.1 billion.

Rising adoption of IoT devices in China will drive massive MIMO demand during the projection period.

China is a predominant country in the adoption of IoT globally. The country had around 3.3 billion IoT devices in 2020 which is projected to increase to around 8.5 billion by 2030.

With the increase in the number of IoT devices in the country, demand for massive MIMO is projected to increase. This in turn will help China market to create an absolute $ opportunity of US$ 9.3 billion by 2032.

Massive MIMO technology has the potential to significantly improve the performance and efficiency of wireless communication in IoT systems. It can support the simultaneous communication of several IoT devices and improve the overall network performance.

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Category-wise Insights:

Which Technology Segment Will Witness Significant Growth in the Market?

The LTE advance pro used in massive MIMO is projected to witness a CAGR of 27.2% through 2032. Historically, from 2017 to 2021, this segment grew at 33.1% CAGR.

LTE advance pro (also known as 4.5G or 4G+) is an advanced version of the long-term evolution (LTE) standard that offers improved network performance, increased data speeds, and higher capacity.

Massive MIMO (Multiple Input Multiple Output) is a key technology used in LTE advance pro networks. In LTE advance pro networks, massive MIMO technology is used to improve the data speeds and coverage of the network.

With the use of multiple antennas, the network can more effectively handle the high traffic demands of modern mobile devices, including video streaming and other data-intensive applications. This results in a faster and more reliable connection for users, even in areas with high network congestion.

Overall, the use of LTE advance pro with massive MIMO technology represents a significant advancement in mobile network technology. It provides faster data speeds, improved coverage, and increased capacity to meet the demands of modern mobile devices and applications.

Which Antenna Array Type will Remain High in Demand?

The 64T64R antenna array type will remain high in demand throughout the projection period. The target segment exhibited a CAGR of 32.8% from 2017 to 2021. Over the next decade, it is likely to thrive at 27.0% CAGR.

64T64R is a configuration used in massive MIMO (Multiple Input Multiple Output) technologies, which is a key component of modern cellular networks.

In 64T64R, the base station is equipped with 64 transmit antennas and 64 receive antennas, making it possible to transmit and receive multiple data streams simultaneously. This configuration offers many advantages for mobile network operators.

For instance, it can significantly increase the capacity of the network, allowing more users and devices to connect and use the network simultaneously. It can also improve the coverage and range of the network, making it possible to provide high-speed data connections in areas where it was previously not possible.

64T64R can also provide a more stable and reliable connection for users, even in areas with high network congestion.

In 64T64R technology, the base station can use advanced signal processing techniques to dynamically adjust the transmission and reception of signals based on the current network conditions. This can help to optimize the use of available resources, improve network efficiency, and reduce interference.

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Competitive Landscape:

Leading massive MIMO companies include Nokia Corporation, ZTE Corporation, Telefonaktiebolaget L M Ericsson, Samsung Corporation, Huawei Technologies Co., Ltd., T-Mobile, Verizon, and Airtel.

These key companies are focused on introducing novel technologies to meet end user requirements. They are also strengthening their presence by employing various strategies. This includes new product launches, partnerships, mergers, acquisitions, collaborations, research and development activities, and facility expansions.

Recent Developments:

• In 2023, a new automated MU-MIMO beamforming technology was launched by Cohere Technologies. It is designed to calibrate existing network and spectrum resources for 4G and 5G networks
• In February 2023, Nokia announced the launch of its new air-scale massive MIMO 5G radio, the Habrock Radio. It will cover all deployment and use cases for massive MIMO. These new radios use 30% less power and are more energy-efficient, which can assist customers with their sustainability goals.
• In June 2022, NXP announced the launch of its new gallium nitride (GaN) transistors which can help in increasing 5G Massive MIMO coverage. These transistors will make it easier to deploy 5G MIMO in cities and suburbs.

Scope of the Report:

Global Massive MIMO Market Segmentation:

By Technology:

• LTE Advance
• LTE Advance Pro
• 5G

By Spectrum:

• TDD
• FDD

By Antenna Array Type:

• 16T16R
• 32T32R
• 64T64R

By Region:

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