Press release
Massive MIMO Market Poised for 37 % Growth, Set to Hit $39.25 Billion by 2029
Massive MIMO Market Size
The surge in need for fast and dependable mobile communication is anticipated to push forward the expansion of the massive MIMO market. This type of communication provides a stable wireless network and swift data transmission rates essential for smooth mobile interaction. Massive MIMO, a leading-edge technology in mobile communication, is vital in meeting the requirements for quicker data transfer speed, increased network capability, and a better user experience. An example is provided by the Organization for Economic Co-operation and Development, a French international organization, that revealed a 17% growth rate in mobile data usage per mobile broadband subscription in OECD countries in 2022, and the overall per subscription mobile data use doubled in four years, from 4.7GB per month to 10.4GB in 2022. Hence, the escalating requirement for fast and reliable mobile communication is propelling the growth of the massive MIMO market.
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What Is the projected market size and growth rate for the massive mimo market?
The colossal mimo market has experienced exponential growth in the past few years. Its size is projected to increase from $8.12 billion in 2024 to $11.28 billion in 2025, with a compound annual growth rate (CAGR) of 38.9%. This surge during the historical period can be associated with the emergence of 4G technology, the need for greater network capacity, availability of spectrum, early market uptake, and research and development efforts.
In the coming years, the massive mimo market is projected to experience remarkable growth, expanding to a size of $39.25 billion by 2029, with a CAGR of 36.6%. The surge over the forecast period is likely a result of factors such as the deployment and expansion of 5g, IoT and industry 4.0, network densification, increasing demand for superior mobile broadband, and network virtualization. Noteworthy trends during the forecast period include massive MIMO in mm-wave bands, advancements in beamforming, network slicing for customization, improvements in energy efficiency, and the proliferation of open ran (radio access network).
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What new trends are reshaping the massive mimo market and its opportunities?
The surge in product innovations is a significant trend that is gaining traction in the large MIMO market. To maintain their standing in this market, major corporations are adopting these innovative products. For example, in February 2023, Nokia, a telecommunications enterprise from Finland, introduced Habrok, a state-of-the-art AirScale massive MIMO radio compatible with all mobile service providers and corporate networks. Habrok radios utilize the most advanced technologies to provide powerful radio frequency output and afford versatility in capacity for single and multi-carrier operations.
What major market segments define the scope and growth of the massive mimo market?
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
Subsegments:
1) By LTE Advanced: Single-User MIMO, Multi-User MIMO
2) By LTE Advanced Pro: Enhanced Multi-User MIMO, Carrier Aggregation With MIMO
3) By 5G: Sub-6 GHz Massive MIMO, Millimeter Wave Massive MIMO
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Which region dominates the massive mimo market?
Asia-Pacific was the largest region in the massive MIMO market in 2024. The regions covered in the massive MIMO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the massive mimo industry growth?
Major companies operating in the massive MIMO market include 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., 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.
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What Is Covered In The Massive MIMO Global Market Report?
• Market Size Forecast: Examine the massive mimo market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the massive mimo market for a structured understanding.
• Key Players Overview: Analyze major players in the massive mimo market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the massive mimo market.
• Segment Contributions: Evaluate how different segments drive overall growth in the massive mimo market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the massive mimo market.
• Industry Challenges: Identify potential risks and obstacles affecting the massive mimo market.
• Competitive Landscape: Review strategic developments in the massive mimo market, including expansions, agreements, and new product launches.
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