The global massive MIMO (multiple-input multiple-output) market is expected to grow at a significant CAGR of 35% during the forecast period (2023-2029). 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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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
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
Global Massive MIMO Market – Segmentation by region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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