Massive MIMO Market size is projected to reach $15.79 billion by 2027, growing at a CAGR of 35.3% from 2020 to 2027

"According to a recent report published by Report Ocean, titled, “Massive MIMO Market by Technology, Array Type, and Spectrum: Opportunity Analysis and Industry Forecast, 2020-2027”, the global massive MIMO market size was valued at $1.09 billion in 2019, and is projected to reach $15.79 billion by 2027, growing at a CAGR of 35.3% from 2020 to 2027.

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A massive MIMO network is more responsive to devices which operates in higher frequency bands due to improved coverage. In particular, this has considerable benefits for obtaining a strong signal indoors. The greater number of antennas in a massive MIMO network also make it far more resistant to interference and intentional jamming than current systems that only utilize a handful of antennas. Therefore, the beam formation technology by massive MIMOs enable targeted use of spectrum.

The factors such as adoption of 5G network technology, technical advantages of massive MIMO, and ease in deployment boost the growth of the massive MIMO market. However, lack of usage of TDD spectrum across the world hampers the massive MIMO market growth. On the contrary, development of indoor massive MIMO is expected to create lucrative market opportunities.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue generator in 2019, accounting for $401.7 million, and is estimated to garner $5,337.6 million by 2027, growing at a CAGR of 39.9%.

The global massive MIMO market is segmented on the basis of technology, array type, spectrum, and region. Based on the technology, the market is divided into LTE Advance, LTE Advance Pro, and 5G. By array type, the market is classified into 16T16R, 32T32R, 64T64R, and others. Based on spectrum, the market is bifurcated into TDD and FDD. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings of the Study

By technology, the LTE Advance Pro held the highest revenue of $495.1 million in 2019 and contributed a major part in massive MIMO market share.
By array type, the 64T64R segment held the highest revenue of $675.0 million in 2019.
By spectrum, the TDD held the highest revenue share of the market in 2019, generating $969.4 Billion as per the massive MIMO market analysis.
By region, Asia-Pacific is expected to dominate the market, garnering a major market share during the forecast period.
The key players that have major global massive MIMO market share include Ericsson, Huawei, NOKIA, SAMSUNG, ZTE, Verizon, Sprint, China Mobile, Airtel, and Deutsche Telekom, which are profiled in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

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This release was published on openPR.