Massive Multiple Input Multiple Output (MIMO) Market Size, Share & Industry Analysis, By Type (8T8R, 16T16R, 32T32R, 64T64R, 128T128R), By Technology (LTE, 5G), By Spectrum (Duplexing Technology) (Time Division Duplexing (TDD), Frequency Division Duplexing (FDD)) And Regional Forecast, 2024-2032

The rapid advancements in communication technology and the increasing adoption of smartphones have resulted in significant growth in the use of the internet for data sharing. Increasing usage of mobile and computing devices has increased the data traffic enormously. Also, rapid digitization further encourages the significance of high-speed internet-based applications. The growing need for high speed, uninterrupted internet services drives the massive multiple input multiple output (MIMO) market growth. The technology is used to boost network capacity and network coverage to offer broadband high-speed internet services. Advantageous factors such as increased data speed, improved network stability, and data traffic management are accelerating massive MIMO technology demand. The network's capability to multiplex the wireless connection capacity without demanding more spectrums is likely to boost the demand. The massive MIMO technology reduces the number of base stations to reduce overall network infrastructure costs by expanding the network capacity and coverage. Thus, the MIMO is gaining much significance across the communication industry.    

The proliferation of LTE and 5G network infrastructure is the crucial factor in the massive MIMO market growth. As per the 'Cisco Annual Internet Report' published in March 2020, the number of mobile device reach will grow up to 13.1 billion by 2023, from 8.8 billion in 2018. Amongst, 1.4 billion devices will be 5G capable. Thus, a significant development in the 5G technology infrastructure is likely to propel the market growth. The trends of enterprise mobility, bring your own device (BYOD), or remote working is validating the significant contribution in massive MIMO market growth.    

Key Market Driver -

• Increasing penetration of LTE and 5G network infrastructures is driving the market growth • Growing need for large and high-speed data transfer at given time is accelerating the adoption

Key Market Restraint -

• Lack of standerdization in allocation of frequency spectrum is hampering the market growth

Key Players Covered:

The key players in the global market are focusing on the development and expansion of their existing product portfolio.  A highly competitive business landscape encourages vendors to take active measures to develop a diversified product portfolio to meet the best of the user’s expectations. Prominent companies are putting their efforts into developing innovative products and solutions to support next-generation networking technologies such as 5G. In February 2018, Huawei Technologies Co., Ltd announced the launch of Massive MIMO C-band 64T64R and C-band 32T32R AAUs to deliver ubiquitous high-speed internet connectivity. Vendors are adopting various business strategies such as partnerships, collaborations, mergers, and acquisitions to establish and expand their global presence.

Key companies summarised includes Nokia Corporation, FLEX LTD., Samsung Electronics Co. Ltd., Altiostar, Huawei Technologies Co., Ltd., NEC UK Ltd., ZTE Corporation, Remcom Inc., Avada, NXP Semiconductors N.V., VertMarkets, Inc., Microdata Telecom AB, and among others.

Regional Analysis:

North America is likely to showcase a significant contribution to the global market owing to the developed communication infrastructure. Growing adoption of mobile devices coupled with broadband internet penetration to propel the market growth across North America. The trends such as remote workforce and bring your own device are escalating the need for advanced network technology for high speed, broadband internet connectivity. Highly developed communication infrastructure produces huge data traffic that demands massive MIMO technology for efficient data traffic management. Significant developments in advanced networking infrastructures such as LTE, VoLTE, or 5G are another key factor in fueling the market growth. Thus, the region is expected to drive significant growth in the global Massive MIMO management market.

Europe is expected to capture a noteworthy share in the global marketplace due to the significant development in communication industry. The government across the region has launched a 5G infrastructure roadmap, which signifies the increasing demand for advanced networking technologies. According to the ‘5G Deployment’ Report,’ published in the year 2019 by the European Parliament, European Commission estimation will spend USD 500 billion to meet the 2025 connectivity targets, including  5G coverage in the urban areas.

The Asia Pacific is anticipated to emerge as the most opportunistic region for the market. The developing IT infrastructure and rapid digitalization are the key factors to drive the advanced communication technologies adoption. The market across the region would demonstrate significant growth in the coming years due to increasing data traffic. This growth has been attributed to the growing penetration of mobile computing devices such as laptops, smartphones, and tablets. With the significant developments in 5G infrastructure, Asia pacific would exhibit momentous market growth during the forecast period.  

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Segmentation

Key Industry Developments :

• February 2019: Advanced Wireless Solutions & Services (SERMA Group) partnered with Amphenol Corporation to offer new massive multiple input multiple output (MIMO) solutions for advanced 5G antennas. The partnership was intented to enhance Massive MIMO solution with additional 3D beamforming capabilities.


• October 2019: – Blue Danube Systems announced the release of Coherent Massive MIMO portfolio with the support of advanced time division duplexing (TDD) solution. This advanced technology solution would provide coverage for TDD and FDD in sub-6 GHz spectrum.