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Massive MIMO Market Expansion, Future Growth Rate, Industry Insights, Top Trends And Forecast To 2033
Massive MIMO Market Overview
As per the report, 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 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%.
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Massive Mimo Market Surges With Increasing Demand For High-Speed And Reliable Mobile Communication
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.
Advanced Products In The Massive Mimo Market
Product innovations are a key trend gaining popularity in the massive MIMO market. Major companies operating in the huge MIMO market are adopting innovative products to sustain their position in the market. For instance, in February 2023, Nokia, a Finland-based telecommunications company, launched Habrok, an AirScale large MIMO radio of the latest generation used in all mobile operators and business networks. The newest technologies are used in Habrok radios to deliver high radio frequency output power, and they offer expandable capacity for single and multi-carrier performance.
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
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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.
Contents of the report:
1. Executive Summary
2. Massive MIMO Market Report Structure
3. Massive MIMO Market Trends And Strategies
4. Massive MIMO Market - Macro Economic Scenario
5. Massive MIMO Market Size And Growth
…..
27. Massive MIMO Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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