Global Massive MIMO Market Report and Forecast 2025-2034

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 34% to reach almost USD 63.65 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