Massive MIMO Market Size (2024 - 2029)

The Massive MIMO market is experiencing significant growth driven by the increasing demand for enhanced mobile connectivity and internet services. This expansion is fueled by the transition from LTE to 5G networks, which necessitates solutions like MIMO to manage the rising data traffic and provide uninterrupted services. The COVID-19 pandemic has further accelerated the need for high-speed internet, as remote work and online activities surged, highlighting the importance of MIMO technology in improving network performance. As telecom companies focus on 5G service promotion, the market is poised for substantial growth over the forecast period.

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Market Size of Massive MIMO Industry

Massive Multiple-input Multiple-output (MIMO) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 4.74 Billion
Market Size (2029) USD 23.57 Billion
CAGR (2024 - 2029) 37.84 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Massive Multiple-input Multiple-output (MIMO) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Massive Multiple-Input Multiple-Output Market Analysis

The Massive MIMO Market size is estimated at USD 4.74 billion in 2024, and is expected to reach USD 23.57 billion by 2029, growing at a CAGR of 37.84% during the forecast period (2024-2029).

Approximately 5.25 billion people, i.e, 66.2% of the world's population, use the internet today. North America and Europe have the highest internet penetration of, 93.4% and 88.4%, respectively. It is believed that 54.4% of all internet traffic worldwide is consumed by mobile phone users. This surging demand for mobile subscribers and online usage is putting a burden on existing networks. To ease this pressure, telecom companies are adopting solutions, like MIMO, to provide uninterrupted services to their consumers with enhanced speeds.

  • The technological advancement in network generations like LTE to 5G also creates a demand for uninterrupted connectivity. With the introduction of MIMO in the networks, the market can continue to benefit from existing 4G FDD networks while enhancing the performance of 5G FDD networks. Since telcos focus more on promoting 5G services, it is expected to drive the growth of the massive MIMO market over the forecast period.
  • The intensity of internet usage has increased substantially during the COVID-19 Pandemic. From online education, work from home to teleconsultation, online shopping demands high-speed internet services. Telecom operators realized the need for high bandwidth, which created the demand for solutions like MIMO for better connectivity.
  • Wi-Fi and cellular networks employ MIMO technology to enhance a computer's spectrum efficiency, maximum data transmission rate, and network capability. It only works well with fast-moving devices because the beam-forming process is more complicated and less efficient. Therefore, MU-MIMO does not benefit devices that frequently roam your corporate network.

Massive Multiple-Input Multiple-Output Industry Segmentation

MIMO, or multiple-input multiple-output, is a radio communications technology with many applications. This uses multiple antennas to use reflected signals to improve channel robustness and performance.MIMO uses multiple antennas at the transmitter and receiver end to enable a variety of signal paths to carry the data. LTE MIMO can improve signal performance by utilizing many antennas and the multiple route propagation that already exists.5G mid-band TDD deployments use Massive MIMO technology to use additional spectrum without the need for site densification fully.

The Massive Multiple-input Multiple-output (MIMO) Market is Segmented by Technology (LTE and 5G), Type of Antenna (16T16R, 32T32R, 64T64R, and 128T128R and Above), and Geography.

The market sizes and forecasts are provided in terms of value (USD million)

By Technology
LTE
5G
By Type of Antenna
16T16R
32T32R
64T64R
128T128R and Above
Geography
North America
Europe
Asia Pacific
Rest of the World
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Massive MIMO Market Size Summary

The Massive MIMO market is poised for significant growth, driven by the increasing demand for high-speed internet and mobile connectivity. As a critical technology in enhancing network performance, Massive MIMO addresses the challenges posed by the surge in internet usage, particularly during the COVID-19 pandemic. The transition from LTE to 5G networks further propels the adoption of Massive MIMO, as telecom companies strive to provide uninterrupted and efficient services. This technology, which involves deploying a larger number of antennas at base stations, significantly improves throughput and energy efficiency, making it essential for the smooth functioning of 5G networks. The market is characterized by intense competition, with major players like Verizon, Samsung, Ericsson, and Huawei actively investing in product innovation and strategic partnerships to maintain their market position.

The market landscape is further shaped by collaborations and technological advancements, such as the deployment of Massive MIMO in 5G networks and the introduction of energy-efficient solutions. Notable developments include EE's partnership with Ericsson to enhance 5G network performance in the UK and NEC and Mavenir's deployment of Massive MIMO in Orange's 5G standalone network. These initiatives highlight the industry's focus on sustainability and efficiency. The North American region, particularly the US and Canada, is expected to see substantial growth in Massive MIMO adoption, supported by the rapid expansion of 5G networks. As telecom operators continue to invest in 5G technology, the Massive MIMO market is set to experience robust growth, driven by the need for enhanced connectivity and network capabilities.

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Massive MIMO Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing number of Mobile Devices

      2. 1.1.2 Increasing 5G Deployment

    2. 1.2 Market Challenges

      1. 1.2.1 High Cost of Equipment

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Technology

      1. 2.1.1 LTE

      2. 2.1.2 5G

    2. 2.2 By Type of Antenna

      1. 2.2.1 16T16R

      2. 2.2.2 32T32R

      3. 2.2.3 64T64R

      4. 2.2.4 128T128R and Above

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Rest of the World

Massive MIMO Market Size FAQs

The Massive MIMO Market size is expected to reach USD 4.74 billion in 2024 and grow at a CAGR of 37.84% to reach USD 23.57 billion by 2029.

In 2024, the Massive MIMO Market size is expected to reach USD 4.74 billion.

Massive MIMO Market Report Snapshots

Massive MIMO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)