Massive MIMO (Multiple Input Multiple Output) is a wireless communication technology that uses a large number of antennas at the base station to serve multiple users simultaneously. The massive MIMO increases the capacity and efficiency of wireless networks by leveraging spatial diversity. By using many antennas, the system can focus the transmission and reception of signals more precisely, reducing interference and improving data rates.
The massive MIMO market consists of revenues earned by entities (organizations, sole traders and partnerships) that provide massive MIMO products and services, to enhance the capacity, efficiency and reliability of wireless networks.
The global massive MIMO market was valued at $781.60 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 49.0%.
Rise In Smart City Projects
The rise in smart city projects drove the growth of the massive MIMO market during this historic period. Smart cities refer to administrative territories that use information and communication technology (ICT) to improve their operational efficiency and provide better infrastructural facilities to their residents. The rise in smart city projects drove the demand for high-capacity, reliable communication networks. To support applications like traffic management and public safety, smart cities needed extensive data transmission and real-time connectivity. Massive MIMO technology enhancing spectral efficiency and network capacity became crucial. For instance, in January 2022, the Indian Government disbursed INR 284.13.6 billion ($3.817 billion) for 100 smart cities, with INR 236.683 billion ($3.18 billion) already utilized. Additionally, in November 2021, the US federal government announced the Investment and Jobs Act in its annual bill, in which it allocated $500 million to accelerate its smart city initiative and increase the number of smart cities in the country. Therefore, the rise in smart city projects contributed to the growth of the massive MIMO market.
Expansion Of Massive MIMO Technology To Support Enhanced 5G Connectivity
Major companies in the massive MIMO market are accelerating the deployment of this technology to enhance 5G connectivity. With rising demand for high-speed internet, massive MIMO systems are being installed to boost network capacity and efficiency. This involves deploying numerous antennas and advanced hardware to improve data throughput and reduce latency. The rapid rollout of massive MIMO technology is essential for addressing increasing data traffic and connectivity needs, supporting the broad adoption of 5G networks and enhancing service quality. For example, in February 2024, Telefonaktiebolaget LM Ericsson, a Sweden-based multinational networking and telecommunications company, announced the successful deployment of 100,000 massive MIMO 5G radios for Bharti Airtel Limited, an India-based multinational telecommunications services company, across 12 circles within a record 500+ days. Airtel utilized Ericsson's energy-efficient Radio System products and solutions from its 5G Radio Access Network (RAN) and MINI-LINK (microwave) mobile transport portfolios.
The global massive MIMO market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.73% of the total market in 2023.
Massive MIMO Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global massive MIMO market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for massive MIMO? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The massive MIMO market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider massive MIMO market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by technology, by type of antennas and by spectrum.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the massive MIMO market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by technology, by type of antennas and by spectrum in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for massive MIMO providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Technology: LTE Advanced; LTE Advanced Pro; 5G
- 2) By Type Of Antennas: 16T16R; 32T32R; 64T64R; 128T128R And Above
- 3) By Spectrum: Frequency Division Duplex (FDD); Time Division Duplexing (TDD); Other Spectrums
- Companies Mentioned: Telefonaktiebolaget LM Ericsson AB; ZTE Corp.; Nokia Corp.; NEC Corporation; Nippon Telegraph & Telephone Corp. (NTT)
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam, Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Brazil; Mexico; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; massive MIMO indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.