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Massive MIMO Market Surges With Increasing Demand For High-Speed And Reliable Mobile Communication: An Emerging Driver Transforming The Massive MIMO Market Landscape
Massive MIMO
What Is the Projected Growth of the Massive MIMO Market?
The size of the colossal MIMO market has experienced considerable expansion in the past few years. Its growth 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%. Factors catalyzing this growth in the historic period include the emergence of 4G technology, the need for higher network capacity, availability of spectrum, early market acceptance, and initiatives in research and development.
The market for massive mimo is projected to significantly expand in the forthcoming years, with expectations to reach $39.25 billion in 2029, exhibiting a compound annual growth rate of 36.6%. Several factors contributing to this anticipated growth in the forecast period include developments in 5g rollout and expansion, IoT and industry 4.0, network densification, increased demand for improved mobile broadband, and network virtualization. Key trends to be observed during the forecast period encompass the integration of massive MIMO in mm-wave bands, advancements in beamforming, the use of network slicing for customization, enhancements in energy efficiency, and the advent of open RAN (radio access network).
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What Are the Different Massive MIMO Market Segments?
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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What Are the Primary Drivers Shaping the Massive MIMO Market?
The surge in the need for fast and dependable mobile communication is predicted to fuel the growth of the massive MIMO market in the future. Fast and dependable mobile communication refers to a wireless network that provides consistent connectivity and quick data transfer rates for seamless mobile communication. Massive MIMO is an advanced technology employed in mobile communication vital for meeting the requirements of quicker data transfer rates, larger network capacity, and enhanced user experience. For instance, the Organization for Economic Co-operation and Development, a France-based international entity, reported in July 2023 that the data usage per mobile broadband subscription in OECD countries had increased by 17% in 2022. Moreover, the total volume of mobile data usage per subscription has seen a two-fold increase in four years, climbing from 4.7 gigabytes per month to 10.4 GB in 2022. Consequently, the surge in demand for fast and reliable mobile communication is propelling the growth of the massive MIMO market.
Which Companies Are Leading in the Massive MIMO Market?
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.
What Are the Major Trends Shaping the Massive MIMO Market?
In the vast MIMO market, a significant trend developing is product innovation. Large corporations active in this substantial MIMO domain are embracing creative products to maintain their market stand. For instance, Nokia, a telecommunications corporation based in Finland, unveiled in February 2023 'Habrok,' their latest generation AirScale large MIMO radio utilized in all business and mobile operator networks. The most recent technologies are incorporated into Habrok radios, offering high radio frequency output power and expandable capacity for single and multi-carrier performance.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Massive MIMO Market?
2. What is the CAGR expected in the Massive MIMO Market?
3. What Are the Key Innovations Transforming the Massive MIMO Industry?
4. Which Region Is Leading the Massive MIMO Market?
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