PUBLISHER: Allied Market Research | PRODUCT CODE: 1414960
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414960
According to a new report published by Allied Market Research, titled, "Massive MIMO Market," The massive mimo market was valued at $2.9 billion in 2022, and is estimated to reach $63.6 billion by 2032, growing at a CAGR of 36.5% from 2023 to 2032.
Massive MIMO is an enhanced form of MIMO that installs a notably higher number of antennas on the base station, extending its range beyond the standard systems. For 5G to operate smoothly, more antennas assist concentrate energy, leading to substantial improvements in throughput and efficiency.
The key players are focusing on the development of massive MIMO. To enhance their market competitiveness, expand their geographic reach, and diversify their product offerings, these organizations have implemented techniques such as mergers and acquisitions and product innovation.
To increase the coverage of 5G Massive MIMO, NXP introduced Gallium Nitride (GaN) transistors in June 2022. With the help of these transistors, 5G MIMO installations in towns and cities will be easier. These transistors increase the power required to power cellular antennas, enabling CSPs to give a greater mid-band bandwidth and more potent 5G experiences.
Uninterruptible connection is becoming more and more necessary as network generations, such as LTE and 5G, develop with technology. The market may continue to grow from current 4G FDD networks while improving the performance of 5G FDD networks with the inclusion of MIMO into the networks. The massive MIMO market is likely to develop at a faster rate due to telcos increased focus on pushing 5G services.
MIMO technology is used in Wi-Fi and cellular networks to improve a device's maximum data transmission rate, network capacity, and spectrum efficiency. As the beam-forming process is more difficult and inefficient, it only functions effectively with rapidly moving objects. Devices that navigate your business network regularly do not benefit from MU-MIMO.
The global massive MIMO market is segmented on the basis of basis of technology, antenna array type, spectrum, and region. Based on the technology, the market is divided into LTE Advance, LTE Advance Pro, and 5G. By antenna array type, the market is classified into 16T16R, 32T32R, 64T64R, and others. Based on spectrum, the market is bifurcated into TDD and FDD. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include massive MIMO market players, such as Nokia, ZTE Corporation, Deutsche Telekom AG, Samsung C&T Corporation, Telstra, Verizon, Telefonaktiebolaget LM Ericsson, Airtel, Huawei Technologies Co., Ltd., and CommScope Holdings.