Reports
Global Massive MIMO Market Size, Share, Trends, Forecast: By Technology: LTE Advance, LTE Advance Pro, 5G; By Spectrum: TDD, FDD; By Antenna Array Type: 16T16R, 32T32R, 64T64R, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Massive MIMO Market Outlook
The global massive MIMO market attained a value of nearly USD 4.57 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 35% to reach almost USD 67.74 billion by 2032.
The Asia Pacific Region is Expected to Propel the Market Growth of Massive MIMO
Over the forecast period, it is expected that the Asia Pacific will hold a healthy share in the market, with the regional market expected to witness a robust growth. The presence of key players in China has catalysed the market growth within the country, further propelling the development of the industry within the Asia Pacific region.
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In 2017, Huawei and China Unicom, the major key players in China, completed the field verification of the industry’s first FDD LTE-based massive MIMO technology. Such developments have aided the growth of the market over the historical period. The region has also attracted heavy investments due to the increasing number of smartphone users, which has resulted in increased data sharing. This has further propelled the market growth of massive MIMO in the region.
Massive MIMO: Market Segmentation
Multiple-input/multiple-out (MIMO) is a technology that establishes wireless communications for sending and receiving multiple data signals simultaneously over the same radio channel. Massive multiple-input, multiple-output, or massive MIMO, is an extension of MIMO, whose key concept is to group antennas at the transmitter and receiver, which are used to serve many terminals simultaneously, at the same time-frequency resource, thus, providing a better spectrum efficiency and better throughput. The word “massive” is used to signify the number of antennas rather than the physical size. The “massive” number of antennas helps focus energy, resulting in drastic improvements in throughput and efficiency. It is available in 5G, in both sub-6 GHz and mm Wave bands. MIMO technology also plays a prominent role in Wi-Fi communications, and 3G, 4G, and 4G LTE networks.
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Based on technology, the market can be segmented into:
- LTE Advance
- LTE Advance Pro
- 5G
The market can be broadly categorised on the basis of spectrum into:
- TDD
- FDD
The industry can be divided on the basis of antenna array type into:
- 16T16R
- 32T32R
- 64T64R
- Others
The EMR report looks into the regional markets of massive MIMO like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Internet and Smartphone Penetration Aiding the Market Growth of Massive MIMO
During the COVID-19 pandemic, as many industries witnessed a downfall, the massive MIMO industry witnessed a robust growth in demand. Owing to the lockdown measures amidst the pandemic, people have been spending more time on the internet. Work from home has also accelerated the demand for internet connections. Thus, the increase in the demand for high-speed internet from residential and business sectors and the rapid growth in data volume have been driving the massive MIMO industry growth.
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Key Industry Players in the Global Massive MIMO Market
The report presents a detailed analysis of the following key players in the global massive MIMO market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Telefonaktiebolaget L M Ericsson
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- Samsung Corporation
- ZTE Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Spectrum, Antenna Array Type, Region |
| Breakup by Technology | LTE Advance, LTE Advance Pro, 5G |
| Breakup by Spectrum | TDD, FDD |
| Breakup by Antenna Array Type | 16T16R, 32T32R, 64T64R, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Telefonaktiebolaget L M Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Corporation, ZTE Corporation., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Massive MIMO Market Analysis
8.1 Key Industry Highlights
8.2 Global Massive MIMO Historical Market (2018-2023)
8.3 Global Massive MIMO Market Forecast (2024-2032)
8.4 Global Massive MIMO Market by Technology
8.4.1 LTE Advance
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 LTE Advance Pro
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 5G
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Massive MIMO Market by Spectrum
8.5.1 TDD
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 FDD
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Massive MIMO Market by Antenna Array Type
8.6.1 16T16R
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 32T32R
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 64T64R
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Massive MIMO Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Massive MIMO Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Massive MIMO Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Massive MIMO Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Massive MIMO Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Massive MIMO Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Telefonaktiebolaget L M Ericsson
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Huawei Technologies Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nokia Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Samsung Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ZTE Corporation.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Massive MIMO Market: Key Industry Highlights, 2018 and 2032
2. Global Massive MIMO Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Massive MIMO Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Massive MIMO Historical Market: Breakup by Spectrum (USD Billion), 2018-2023
5. Global Massive MIMO Market Forecast: Breakup by Spectrum (USD Billion), 2024-2032
6. Global Massive MIMO Historical Market: Breakup by Antenna Array Type (USD Billion), 2018-2023
7. Global Massive MIMO Market Forecast: Breakup by Antenna Array Type (USD Billion), 2024-2032
8. Global Massive MIMO Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Massive MIMO Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Massive MIMO Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Massive MIMO Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Massive MIMO Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Massive MIMO Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Massive MIMO Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Massive MIMO Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Massive MIMO Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Massive MIMO Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Massive MIMO Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Massive MIMO Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Massive MIMO Market Structure
Key Questions Answered in the Report
In 2023, the global massive MIMO market attained a value of nearly USD 4.57 billion.
The market is projected to grow at a CAGR of 35% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 67.74 billion by 2032.
The major growth drivers for the market include rising population, growing urbanisation and industrialisation, rising demand for 4G and 5G networks, and the constant increase in the number of smartphones and internet users.
The rising demand for work from home model amidst the COVID-19 pandemic is a key industry trend, which is driving the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major technologies of massive MIMO in the industry are LTE advance, LTE advance pro, and 5G.
TDD and FDD are the leading spectrums of massive MIMO in the market.
The major antenna array types in the industry are 16T16R, 32T32R, and 64T64R, among others.
The major players in the industry are Telefonaktiebolaget L M Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Corporation, and ZTE Corporation, among others.
Analyst Review
The global massive MIMO market attained a value of almost USD 4.57 billion in 2023, driven by the rising number of internet subscribers. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 35%. The market is projected to reach nearly USD 67.74 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on antenna array type, the massive MIMO industry can be segmented into 16T16R, 32T32R, and 64T64R, among others. On the basis of technology, the market was divided into LTE advance, LTE advance pro, and 5G. By spectrum, the industry can be segmented into TDD and FDD. The major regional markets for massive MIMO are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Telefonaktiebolaget L M Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Corporation, and ZTE Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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