Global Massive MIMO Market

Global Massive MIMO Market Size, Share, Growth Analysis, By Technology(LTE advanced, 5G), By Type(8T8R, 16T16R & 32T32R), By Application(Telecom & IT, BFSI) - Industry Forecast 2024-2031

Report ID: SQMIG50C2023 | Region: Global | Published Date: March, 2024
Pages: 177 | Tables: 90 | Figures: 76

Global Massive MIMO Market News

  • In February 2024, Samsung Electronics reported the effective completion of Open RAN (O-RAN) testing for LTE and 5G NR radios for Verizon's network. This joint effort between Samsung and Verizon was meant to embrace transparency in telecommunications. Tests were led in Samsung's lab in Dallas, Texas, utilizing radios consistent with O-RAN details. Samsung's market-leading radios, including CAT-A and Massive MIMO C-Band radios, were assessed, featuring Samsung's mastery of enormous MIMO innovation. Verizon has previously conveyed Samsung's 64T64R Massive MIMO radios in its business vRAN networks from one side of the country to the other, exhibiting Samsung's authority in this field.

     

  • In January 2024, etisalat by e&, the telecom division of e& group, kept up with its situation as the most grounded brand in the Center East and Africa, and worldwide as the most grounded telecom brand, with a Brand Strength File score of 89.4. This achievement is credited to its relationship with the bigger innovation bunch, e&. The e& brand has ventured into new areas through its Partner Market program and made huge acquisitions and speculations, including Careem, Vodafone, El Grocer, and StarzPlay. These moves plan to offer upgraded administrations to clients and convey money back to financial backers.

     

  • In November 2023, Telkomsel, in association with ZTE Corporation, sent off MarineMobile, a mobile communications solution intended to help anglers with their tasks. This arrangement offers elements like weather conditions estimates, recognizing ideal fishing areas, GPS following, and real-time access to fish purchasers on the lookout. The presentation of MarineMobile expands upon the cooperative endeavors reported at the Mobile World Congress (MWC) 2023 in Barcelona on February 27, where the two organizations zeroed in on improving 5G organizational capacities utilizing the 2.3 GHz recurrence band. This drive intends to grow broadband administrative inclusion for maritime areas.

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FAQs

Global Massive Mimo Market size was valued at USD 5.61 billion in 2022 and is poised to grow from USD 6.58 billion in 2023 to USD 23.55 billion by 2031, at a CAGR of 17.28% during the forecast period (2024-2031).

The competitive landscape of the Massive MIMO market is characterized by intense competition among key market players. Companies in this market are focused on strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to expand their product offerings and strengthen their market presence. Leading players in the market are investing heavily in research and development activities to enhance their technology capabilities and stay ahead of the competition. Additionally, there is a significant emphasis on product innovation to meet the evolving demands of customers and gain a competitive edge. The market is also witnessing the entry of new players, especially startups that specialize in wireless communication technologies. 'Ericsson (Sweden)', 'Huawei Technologies Co., Ltd. (China)', 'Nokia Corporation (Finland)', 'ZTE Corporation (China)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Cisco Systems, Inc. (US)', 'NEC Corporation (Japan)', 'CommScope Holding Company, Inc. (US)', 'Fujitsu Limited (Japan)', 'Juniper Networks, Inc. (US)', 'Telefonaktiebolaget LM Ericsson (Sweden)', 'Siklu Communication Ltd. (Israel)', 'Airspan Networks Inc. (US)', 'Huawei Investment & Holding Co., Ltd. (China)', 'Mavenir Systems, Inc. (US)', 'Mimosa Networks, Inc. (US)', 'Siklu Inc. (US)', 'Zinwave Limited (UK)', 'Ruckus Wireless, Inc. (US)', 'Alpha Wireless Ltd. (Ireland)'

With the exponential growth of data traffic and the rise in the number of connected devices, there is a growing need for efficient and reliable wireless communication solutions. Massive MIMO technology addresses this demand by significantly increasing network capacity and spectral efficiency, enabling operators to deliver faster and more reliable data transmission. The driver of increasing demand for high-speed data transmission is fueled by factors such as the growing adoption of bandwidth-intensive applications, the rise of streaming services, and the proliferation of IoT devices, all of which require robust and efficient wireless connectivity.

5G Deployment: The widespread deployment of 5G networks is a key market trend in the Massive MIMO market. With the rollout of 5G technology, there is a growing demand for Massive MIMO systems to support the increased network capacity and higher data speeds offered by 5G. Massive MIMO, with its ability to enhance spectral efficiency and improve coverage, is a critical technology for unlocking the full potential of 5G networks. As 5G deployment accelerates worldwide, the adoption of Massive MIMO is expected to witness significant growth, driving the market forward.

The largest market region in the Massive MIMO market is Asia Pacific. Asia Pacific has emerged as a dominant market for Massive MIMO due to the region's large population, rapid urbanization, and high mobile penetration. Countries such as China, Japan, South Korea, and India are key contributors to the growth of the Massive MIMO market in this region. These countries have witnessed significant investments in telecommunication infrastructure and are at the forefront of deploying 5G networks. The increasing demand for high-speed data transmission, coupled with the proliferation of smart devices and the rapid digital transformation across industries, has propelled the adoption of Massive MIMO technology in Asia Pacific.

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