Massive MIMO Market
The global massive MIMO market size is predicted to grow at a 37.2% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Massive MIMO Market Drivers/Massive MIMO Market Trends
Growing Adoption of 5G Technology to Boost Market Growth
The growing adoption of 5G technology will boost market growth over the forecast period. Massive MIMO plays a pivotal part in 5G infrastructure as its development offers un-interrupting high-speed data transfer which will boost efficiency of 5G networks. Besides, the adoption of 5G chipsets, IoT, and these technologies supports 5G that in turn boosts the demand for the deployment of massive MIMOs.
BYOD Trend to Offer Robust Opportunities
The trend to bring your own device (BYOD) to office has demanded high speed interest that in turn will offer robust opportunities for the market in the forecast period.
Lack of Standardization to act as Market Restraint
The lack of standardization of spectrum allocation may act as a market restraint over the forecast period.
Complexity in Signal Processing to act as Market Challenge
The complexity in signal processing for a large number of antennas may act as a market challenge over the forecast period.
Following the pandemic, there has been a steep rise in the remote working system trend that has propelled towards the increasing adoption of 5G technology. This has positively impacted the global MIMO market growth over the forecast period. Besides, the technology entails minimized manpower that also boosts market growth.
By technology, the LTE advanced technology segment will lead the market over the forecast period as this technology helps in resolving bandwidth issues that occur chiefly on account of the presence of countless users on a single carrier service.
By application, the 64T64R segment will dominate the market over the forecast period as most companies use this form of antenna in their testing and deployment.
By spectrum, the TDD segment will spearhead the market over the forecast period for the high data rates as well as huge capacity for HD voice and data. Besides, TDD lowers the cost per bit of the operator with better customer experience.
APAC to Command Massive MIMO Market
The Asia Pacific region will command the market over the forecast period. Rapid advances in technology, several telecom companies investing in the development of massive MIMO, increasing number of smartphone users, increased use of the internet for data sharing, various forms of applications using the internet for communication and information, increasing adoption to increase the stability of communication, managing the data traffic, and increasing transmission and reception speed, the presence of Chinese unicorns, rapid advances in technologies, heavy investments, large population base, high demand for 5G network, increasing government mandates, and growing information technology infrastructure like 5G or 4G LTE and communication are adding to the global massive MIMO market growth in the region.
Eminent players profiled in the global massive MIMO market report include Nokia Corporation (Finland), Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), ZTE (China), Verizon (US), Sprint Corporation (US), Bharti Airtel Limited (India), China Mobile Limited (China), and Deutsche Telekom AG (Germany) and among others.
Nokia has shipped massive MIMO 5G radios. The 5G radios featuring its more energy efficient and less expensive system on a chip (SoC) is now commercially available.