Massive MIMO Market Research Report – Forecast to 2030

Massive MIMO Market Research Report, by Technology (LTE Advanced, LTE Advanced Pro, 5G), by Antenna Type (8T8R, 16T16R and 32T32R, 64T64R, 128T128R and Above), by Spectrum (FDD, TDD and Others) — Forecast till 2030

ID: MRFR/SEM/4900-HCR | December 2022 | Region: Global | 100 Pages         

Massive MIMO Market

The massive MIMO market is anticipated to reach USD 35.61 billion and grow at a significant CAGR of 36.2% during the forecast period (2020-2030).

Segmentation

By Technology LTE Advanced LTE Advanced Pro 5G
By Antenna Type 8T8R 16T16R and 32T32R 64T64R 128T128R
By Spectrum FDD TDD

Key Players

  • Deutsche Telekom AG (Germany)
  • China Mobile Limited (China)
  • Bharti Airtel Limited (India)
  • Sprint Corporation (US)
  • Verizon (US)
  • ZTE (China)
  • Huawei Technologies Co. Ltd. (China)
  • Ericsson (Sweden)
  • Nokia Corporation (Finland)

Drivers

  • The rise in the implementation of new and improved software in communication networks to increase the speed of data transfer with efficient network connectivity
  • The high signal to noise ratio for efficient transmission of data and network connectivity.
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Massive MIMO Market Overview


Massive MIMO stands for multiple-input outputs, which combines antennas at the transmitter and receiver to offer better production and better spectrum efficiency. ZTE, Huawei and Facebook have described Massive MIMO systems with more than 96 to 128 antennas. They focus on allowing the transmitting and receiving of more than one data signal simultaneously over a large radio channel. Massive MIMO can be distributed for LTE Advance, 5G network technologies and LTE Advance Pro. The huge MIMO market is predicted to reach USD 35.61 billion and grow at a substantial CAGR of 36.2% from 2020 to 2030.


The massive MIMO market growth is predicted to register a substantial rate during the estimated period globally. Due to the rise in adoption of 5G technology in developed and developing regions worldwide, massive MIMO provides technical superiority with more antenna array types and ease in the distribution of massive MIMOs with decreased energy consumption. Moreover, the number of advantages of massive MIMO, such as higher capacity, low network congestions, minimized manpower, and beam-formation technology, boost the growth of the huge MIMO market.


Due to the outburst of covid-19, the business sectors are affected mainly due to the supply chain interruption and unavailability of workers and raw materials. The massive MIMO system is also affected by the pandemic situation. Due to the lack of raw materials and supply chain breakage, producers faced many problems and paused the manufacturing process for a few days. Though the massive MIMO market has fallen at the starting stage of the pandemic, quickly after lockdowns, the demand for the market has increased by opening the business sectors.


Competitive Landscape


The prominent key players in the Massive MIMO Market trends are the following:



  • Deutsche Telekom AG (Germany)

  • China Mobile Limited (China)

  • Bharti Airtel Limited (India)

  • Sprint Corporation (US)

  • Verizon (US)

  • ZTE (China)

  • Huawei Technologies Co., Ltd. (China)

  • Ericsson (Sweden)

  • Nokia Corporation (Finland). 


COVID-19 Analysis:


Due to the COVID-19 outbreak, the business sectors are impacted drastically mainly due to the supply chain disruptions, lack of workers, and raw materials. In addition to that, to control the prevalence of coronavirus, the government has imposed stringent regulations like part-time or full-time lockdowns, maintaining social distance, transportation bans, manufacturing sectors off, business sectors shutdowns, etc.


The massive MIMO system is also impacted by this pandemic situation. Due to the lack of raw materials and supply chain disruptions, manufacturers faced a lot of problems and halted the manufacturing process for a few days. Though the massive MIMO market has fallen at the primary stage of the pandemic situation, rapidly after lockdowns, by opening the business sectors, the demand over the market has increased. As the work from home offices is going on, people require high-speed data transmission and data sharing. To provide uninterrupted services to their customers, telecom industries are preferring massive MIMO services which fuel the growth of the market.


Market Dynamics:


Drivers:


The growing implementation of improved software in communication networks increases the speed of data transfer with efficient network connectivity. The device ownership is increasing by the increase of connectivity between devices. Massive MIMO is used in various industry verticals to reduce the traffic and halts between the devices to share information and provide better network capacity which accelerates the demand for the massive MIMO market. Moreover, for efficient transmission of data and network connectivity, the massive MIMO is used for a high signal-to-noise ratio which is driving the Massive MIMO Market during the review period.


Adoption of 5G network technology for the need of high bandwidth and low latency, advanced technologies of massive MIMO like 4G, 4G plus, 5G services, and ease in deployment are the factors that bolster the massive MIMO market growth. However, the benefits behind the massive MIMO like minimized manpower, higher capacity, low network congestions, and beam-formation technology increases the growth of the industry.


Restraint:


Lack of standardization of spectrum allocation is the major restraint of the Massive MIMO Market. Lack of usage of TDD spectrum across the globe is hindering the market growth.


Opportunities:


The massive MIMO is used to increase the rate of data transmission and to reduce latency. So, to transmit a large amount of data with high speed, massive MIMO is the best solution to transmit in the given time. The development of indoor massive MIMO is the lucrative massive MIMO. By increasing the number of smartphone users, advancements in technology are opportunities for Massive MIMO Market growth.


Challenges:


Manufacturing the antennas for compact portable devices and maintaining their isolation are the major challenges of the massive MIMO market system.


Study Objectives -



  • To provide detailed information about the massive MIMO market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the market value.

  • To analyze the industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the market revenue for the main geographies.

  • To provide the country-level analysis of the current market size and future prospective.

  • To provide country-level analysis of the industry growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global market research.


Segment Overview:


The global massive MIMO market has been divided into segments based on technology, application, spectrum, and region.


Based on Technology


Globally, the massive MIMO market technology is divided into LTE Advanced, LTE Advanced Pro, and 5G. Out of these, the LTE Advanced technology segment holds the largest market share for its benefits like resolving the bandwidth issues that causes due to the millions of users on a single carrier service.


Based on Application


The massive MIMO market system based on the application is classified into 8T8R, 16T16R, 32T32R, 64T64R, 128T128R, & others. Among them, 64T64R types of antennas dominate the market for their high usage in testing and deployment by the maximum companies. Massive MIMO radios use 64T64R type of antennas which increases the capacity of massive MIMO beyond 1Gbps to 3-6 Gbps per sector.


Based on Spectrum


The massive MIMO market services based on the spectrum are bifurcated into FDD, TDD, & others (FBMC, OFDM). Out of these spectrums, TDD leads the market share for its high data rates and a large capacity for data and HD voice, it highly improves customer experience and reduces the operator’s cost per bit. It provides spectrum flexibility and can run on multiple spectrum bands up to a bandwidth of 200MHz in a single band.


Based on Region


The global massive MIMO market industry is regionally divided into Europe, Asia-Pacific, North America, and the Rest of the World. Out of them, Asia-Pacific leads the largest market share for their growing advanced technologies and rising number of smartphone users.


Regional Analysis -


Globally, the massive MIMO market is classified into Europe, North America, Asia-Pacific, and the Rest of the world. Out of these, Asia-pacific dominates the largest market share for their rapidly increasing advanced technologies and many companies investing in the development of massive MIMO in this region. Moreover, the rise in the number of smartphone users leads to rising in the internet of data sharing which is the major factor that accelerates the massive MIMO market in this region. 


In the changing lifestyle, various applications are preferring the internet as a source of information and communication. Hence the adoption of massive MIMO helps in increasing the stability of communication, increases transmission and reception speed, and controls the data traffic in this region. North America is also expected to grow significant market growth for their high usage of mobile communication and MIMO technology. According to the GSMA (Global System for Mobile Communications Association) report, in the US in 2019, unique mobile subscribers is 281 million and is expected to grow up to 297 million by 2025.


Recent Developments


The Year 2021


ZTE Corporation launched the IMT-2020 third phase of the 5G test that offers core network performance stability and security function by regularly verifying the maturity of ZTE’s 5G core network.


Report Overview:


This massive MIMO market report includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the massive MIMO market drivers, restraints, challenges, and opportunities. The massive MIMO forecast segments are technology, application, spectrum, and region.


Segmentation Table


The massive MIMO market trends have been segmented globally based on the technology, application, spectrum, and region. 


By Technology



  • LTE Advanced, LTE Advanced Pro, and 5G.


By Application



  • 8T8R, 16T16R, 32T32R, 64T64R, 128T128R, & others are the major applications.


By Spectrum



  • FDD, TDD, & others (FBMC, OFDM).


By Region



  • Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in this market.



Report Scope:

Report Attribute/Metric Details
  Market Size   35.61 Billion
  CAGR   36.2%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Antenna Type, Spectrum
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Nokia Corporation (Finland), Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), ZTE (China), Verizon (US), Sprint Corporation (US), Bharti Airtel Limited (India), China Mobile Limited (China), and Deutsche Telekom AG (Germany)
  Key Market Opportunities   A large amount of data is transmitted with high speed at given time hence the massive MIMO is utilized to increase the rate of data transmission and reduce the latency.
  Key Market Drivers

  • The rise in the implementation of new and improved software in communication networks to increase the speed of data transfer with efficient network connectivity.
  • The high signal to noise ratio for efficient transmission of data and network connectivity.


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    Frequently Asked Questions (FAQ) :

    The APAC region is predicted to lead the massive mimo market.

    Key factors boosting the growth of the massive mimo market include rising use of improved and new software and increasing signal to noise ratio.

    Key applications of massive mimo include 8T8R, 16T16R & 32T32R, 64T64R, 128T128R & above.

    Key players profiled in the massive mimo market include Deutsche Telekom AG (Germany), China Mobile Limited (China), BhartiAirtel Limited (India), Sprint Corporation (US), Verizon (US), ZTE (China), Huawei Technologies Co., Ltd. (China), Ericsson (Sweden), and Nokia Corporation (Finland).

    Strategies encompassed by key players to stay ahead in the competition include mergers and acquisitions, strategic alliances, partnerships, contracts, and others.