Massive Multiple Input Multiple Output (MIMO) Market (Updated Version Available)

Massive Multiple Input Multiple Output (MIMO) Market Size, Share & Trends Analysis, By Antenna Type (8T8R, 16T16R, 32T32R, 64T64R, and 128T128R), Type (Beamforming, Generalized beamforming, Single-User MIMO, and Multi-User MIMO), Technology (LTE and 5G), Spectrum (Time Division Duplexing (TDD) and Frequency Division Duplexing (FDD)), By Region, Forecast Period 2023 - 2030

Report ID : RI_673683 | Date : April 2023 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
Key Market Overview:

Massive Multiple Input Multiple Output (MIMO) Market is estimated to reach over USD 32.37 Billion by 2030 from a value of USD 2.62 Billion in 2022, growing at a CAGR of 36.91% from 2023 to 2030.

Massive Multiple Input Multiple Output (MIMO) is a wireless communication technology that uses a large number of antennas at the transmitter and receiver to improve the spectral efficiency and reliability of the communication system. The aim of Massive MIMO is to use a large number of antennas at the base station to transmit signals to multiple user devices simultaneously, using spatial multiplexing techniques. The technique allows more data to be transmitted at the same time, increasing the overall data throughput of the system.

The rising global adoption of 5G networks is fueling the need for Massive MIMO technology that enables faster transmission of large amounts of data. 5G networks are designed to support a much larger number of connected devices than previous generations of wireless networks, thereby driving the growth of the massive multiple input multiple output (MIMO) market. For instance, in February 2022, Nokia and AT&T collaborated to improve speeds in 5G networks with distributed massive MIMO. The collaboration aims to develop and test distributed massive MIMO technology in real-world settings to improve the uplink performance of 5G networks. Therefore, massive MIMO is a key component of 5G networks, as it enables the high-speed data transfer required to support the increasing number of connected devices and data-intensive applications, thereby driving the growth of massive MIMO market.

Massive Multiple Input Multiple Output (MIMO) Report Coverage:

Report AttributesReport Details
Study Timeline2017-2030
Market Size in 2030 (USD Billion)32.37 Billion
CAGR (2023-2030)36.91 %
Base Year2022
By Antenna Type8T8R, 16T16R, 32T32R, 64T64R, and 128T128R
By TypeBeamforming, Generalized beamforming, Single-User MIMO, and Multi-User MIMO
By TechnologyLTE and 5G
By SpectrumTime Division Duplexing (TDD) and Frequency Division Duplexing (FDD)
By Geography
  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]

  • North America [United States, Canada, Mexico]

  • Middle East & Africa [GCC, North Africa, South Africa]

  • South America [Brazil, Argentina, Columbia, Chile, Peru]
Key PlayersZTE Corporation, Ericsson, Deutsche Telekom AG, Comba Telecom Systems Holdings Ltd., CommScope, Inc., Huawei Technologies Co., Ltd., Nokia, SAMSUNG, Verizon, Telstra Corporation Ltd., Vodafone Group


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Market Dynamics:

Driver:

Network operators are adopting denser networks to support wireless connectivity, thereby increasing the demand for massive MIMO. In urban areas and other high-traffic areas, network operators are deploying more base stations to support the growing demand for wireless connectivity. Massive MIMO technology allows for more efficient use of the available spectrum and reduce the need for additional base stations. Massive MIMO is a key technology to support the deployment of 5G networks across the world. For instance, in November 2021, Huawei launched MetaAAU technology that supports 384 antenna elements. The antennas have the ability to support multiple frequency bands simultaneously, which improves the coverage and capacity of wireless networks.

Restraint:

MIMO technology requires a large amount of spectrum to operate effectively. Spectrum availability varies by region and country, and the allocation of spectrum is often subject to regulatory approval. In some cases, operators need to invest in additional spectrum or other technologies to overcome spectrum availability limitations. Such limitations limit the effectiveness of MIMO technology and may require operators to invest in additional spectrum or other technologies. Therefore, limited availability of spectrum is restraining the growth of massive multiple input multiple output (MIMO) market.

Opportunities:

The increasing adoption of 5G networks is expected to provide potential opportunities for market\'s growth during the forecast period. The growth of IoT devices and smart devices connected to the 5G networks is creating new opportunities as these devices require reliable and high-speed wireless connectivity to operate effectively. MIMO technology is expected to improve the coverage and capacity of wireless networks, enabling more efficient and reliable communication between devices.

Massive Multiple Input Multiple Output (MIMO) Market Competitive Landscape:

The market for massive multiple input multiple output (MIMO) is highly competitive owing to a number of vendors providing MIMO technology to the international and domestic markets. The key market players are adopting strategies for merger and acquisitions, product innovations to stay competitive in the market. These factors are examined to offer an insightful understanding of current market circumstances. Following are the major market players that comprise the latest market concentration–

• ZTE Corporation
• Comba Telecom Systems Holdings Ltd.
• CommScope, Inc.
• Huawei Technologies Co., Ltd.
• Nokia
• SAMSUNG
• Verizon
• Telstra Corporation Ltd.
• Vodafone Group
• ZTE Corporation
• Deutsche Telekom AG

Recent Developments:

• In February 2023, Mavenir and Qualcomm are collaborating to deliver an energy-efficient, AI-powered massive MIMO radio solution. The solution aims to provide operators with a highly scalable and cost-effective solution for deploying massive MIMO technology in their networks.

• In October 2022, Huawei announced the launch of its all-band 5G solution series that includes the Massive MIMO AAU Pro and Blade Pro, the Super Blade Site, and the 5G CPE Pro 2.

Massive Multiple Input Multiple Output (MIMO) Market Segmentation:

img-massive-multiple-input-multiple-output-mimo-market-statistics



By Antenna Type

Based on the antenna type, the market is segregated into 8T8R, 16T16R, 32T32R, 64T64R, and 128T128R. The 8T8R segment accounted for the largest revenue share in the year 2022. The 8T8R antenna is cost-effective to deploy, making it suitable for small cell deployments and indoor wireless systems. 8T8R antenna uses eight transmitting and eight receiving antennas and are suitable for low-to-medium density user environments. For instance, in February 2020, Huawei launched its Smart 8T8R product designed to support flexible multi-mode and multi-sector deployment in the 5G era. The Smart 8T8R is a base station antenna that features eight transceivers and eight receivers, enabling it to support eight channels simultaneously.
The 16T16R segment is expected to emerge as the fastest growing segment during the forecast period. The 16T16R antenna uses sixteen transmitting and sixteen receiving antennas, and is commonly used in outdoor wireless systems and high-density user environments such as stadiums and airports. Moreover, 16T16R antennas offer higher capacity. Such antennas facilitate high speed data transfer, thereby contributing to the growth of this segment.

By Type

Based on the type, the market is segmented into beamforming, generalized beamforming, single-user MIMO, and multi-user MIMO. Beamforming segment accounted for the largest revenue share in the year 2022 due to its ability to improve signal quality and reduce interference in wireless communication systems. Beamforming works by focusing the wireless signal towards the receiver, which increases signal strength and improves coverage. As a result, beamforming is suitable for outdoor wireless systems and is used to improve the performance of Wi-Fi networks, cellular networks, and other wireless communication systems. For instance, in April 2021, Analog Devices and MDA collaborated to provide electronic beamforming technology for the Telesat Lightspeed Constellation to enhance global connectivity.
The multi-user MIMO is expected to witness significant growth during the forecast period due to its ability to support multiple users simultaneously. Multiple antennas are used in multi-user MIMO technology at the transmitter to transmit multiple streams of data to multiple users simultaneously thereby improving network capacity and reducing interference.

By Technology

Based on the technology, the market is bifurcated into 5G and LTE. The 5G segment accounted for the largest revenue in the year 2022. The increasing deployment of 5G networks worldwide has resulted in a growing demand for Massive MIMO technology to improve network capacity, coverage, and reliability. The adoption of Massive MIMO technology is a critical factor in enabling 5G networks to achieve their performance goals, including faster data rates, lower latency, and higher reliability. Furthermore, 5G network is expected to witness robust growth during the forecast period. The increasing use of mobile devices and the Internet of Things (IoT) is growing the demand for high-speed and reliable wireless connectivity. Massive MIMO technology helps to improve the coverage and capacity of wireless networks, thereby contributing to its growth during the forecast period. For instance, in June 2021, NEC Corporation announced the development of new 5G Massive MIMO radio units (RU) for Open RAN (Radio Access Network) global markets. The development is aimed at addressing the needs of mobile operators worldwide seeking to adopt Open RAN solutions to build more flexible and cost-effective networks.

By Spectrum

Based on the spectrum, the market is divided into time division duplexing (TDD) and frequency division duplexing (FDD). The time division duplexing (TDD) segment dominates the global market and accounted for the largest revenue share in the year 2022. The deployment of TDD is cost-effective as they use the same frequency band for both uplink and downlink transmissions. TDD allows for dynamic allocation of resources between uplink and downlink transmissions that is critical for meeting the diverse requirements of 5G networks.
The frequency division duplexing (FDD) is anticipated to grow with fastest CAGR during the forecast period. The FDD approach is used in the existing 4G/LTE networks. As a result, FDD-based Massive MIMO solutions are seen as an attractive option for operators looking to upgrade their networks to 5G. For instance, in November 2022, ZTE Corporation announced that it has teamed up with Jazz to deploy ZTEs 1st 4G FDD massive-MIMO (Multi Input Multi Output) on Jazz\'s 4G network. Therefore, FDD solutions are designed to improve coverage and capacity to transmit and receive data, thereby contributing to the growth of FDD segment during the forecast period.

By Region:

North America dominates the massive multiple input multiple output (MIMO) market accounted for the largest revenue share in the year 2022. North American region has a high demand for high-speed data transmission and connectivity, driven by the increasing use of smartphones, IoT devices, and other wireless devices. Massive MIMO technology significantly improve the capacity and efficiency of wireless networks, suitable for service providers looking to meet these growing demands. Moreover, the presence of key players such as Qualcomm, Intel, and Cisco Systems is further contributing to the growth of the regional market.

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Asia-Pacific is expected to witness fastest CAGR growth during the forecast period. The Asia-Pacific region is the center for largest and most advanced telecommunications industries in countries such as China, Japan, and South Korea. These markets have a high level of investment in 5G networks and infrastructure, thereby driving the growth of massive MIMO in the region. In addition, the region has a large number of mobile network operators such as Intel, Airtel, Vodafone Group and equipment vendors, providing a competitive environment for the development and deployment of massive MIMO technology.
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