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Global Massive MIMO Market to be Aided by the Rising Population of Internet Users in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Massive MIMO Market Report and Forecast 2022-2027’, the global massive MIMO industry attained a value of nearly USD 1.9 billion in 2020. The market is further expected to grow at a CAGR of 34% in the forecast period of 2022-2027.

The global massive MIMO industry is dominated by Asia Pacific. Owing to the increasing number of smartphones and other electronic devices, this region is attracting heavy investments. The feature of multiple input/ multiple output and additional benefit of massive, provides better spectrum efficiency and better throughout. The massive number of antennas helps focus energy, leading to extreme improvements in throughput and efficiency. The capacity of smartphones and other electronic devices to supply internet connectivity at desired location with desired information and with internet protocol-based content distribution networks, the convergence of conventional data and voice communication is generating new services in several markets, this increasing the demand for massive MIMO. Urbanisation and globalisation is also contributing to the growth of industry. It also provides the benefit of beam streaming, beam steering can directionally focus the RF energy on a single user, ignoring the remaining space, reducing interference, and boosting signal to noise wherever the user is located. Massive MIMO can carry extra data without the requirement of additional bandwidth. The COVID-19 pandemic is one of the major drivers, which has been driving the growth of the massive MIMO industry. Due to lockdows and restrictions, offices had to opt for the work from home option. Work from home led to an increase in the demand for high-speed internet and large data volume in both residential and business sectors. Now people are spending more time on the internet as leisure time, as lockdown gave the luxury of free time to people from their busy schedules.

The rising competition among the key players is also providing an impetus to the market growth. In in February 2021, Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) launched three new radios in massive MIMO portfolio and expanded the RAN compute portfolio with six RAN Compute products to accelerate 5G mid-band rollouts. Communications service providers can leverage their 5G spectral assets to roll out services quickly and efficiently to deliver a more responsive experience to mobile broadband subscribers, with new mid-band spectrum available.

Market Analysis by Technology, Antenna Array Type, Spectrum, and Regions:

  • Based on technology, the industry can be divided into LTE Advanced, LTE Advanced Pro, and 5G.
  • On the basis of antenna arrays type, the market can be divided into 16T16R, 32T32R, and 64T64R, among others.
  • Based on spectrum, the industry can be divided into TDD (Test-driven development) and FDD (Frequency Division Duplex).
  • The regional markets for massive MIMO include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

Key Findings of the Report:

  • Over the years, there has been a significant increase in the users and high-speed internet, driving the growth of massive MIMO market.
  • Adoption of 5G technology has also boosted the demand for massive MIMO.
  • Work from home is fuelling the demand for massive MIMO as the requirement for internet connection is increasing in both residential and enterprise segments.
  • Penetration of smartphones into the economy is also propelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global massive MIMO market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the technology, antenna array type, spectrum, and regions of massive MIMO.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global massive MIMO industry include Telefonaktiebolaget L M Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Corporation, and ZTE Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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