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Massive MIMO Market

Massive MIMO Market

Rising Adoption of 5G technology and High Penetration of Internet to Spur the Demand for Massive MIMO during 2021-2031

Massive MIMO Market
FACT6953MR
  • Sep-2021
  • List of Tables : 96
  • List of Figures : 117
  • 170 Pages
  • Technology

Market Snapshot

Newly-released massive MIMO market analysis by Fact.MR, a market research and competitive intelligence provider, has estimated that the global market is estimated to be valued at US$ 7 Bn in 2021. As countries across globe are deploying 5G technology, the adaptability rate is gaining the pace. Industries are showing positivity framework towards high-speed Internet, which has brought in more investments in this field. Growth of the massive MIMO industry through 2031 is projected to surge at a CAGR of 26.1% and reach a market value of US$ 71 Bn.

Key Points Covered in Massive MIMO Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Revenue Analysis of Massive Multi-Input Multi-Output (MIMO) from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031

As per the research, historically, from 2016 to 2020, global massive MIMO market size experienced growth at 18% CAGR by value, wherein, the U.S., China, Japan, Germany, and U.K. held significant shares in the global market.

As mobile penetration is increasing, demand for high-speed Internet services is on the rise. In 2020, smartphone penetration increased almost 45% across the global population. The market is forecast to expand at a significant CAGR of 26.1% by value over the coming 10 years.

  • The market saw a marginal downfall in the use of massive MIMO in 2020 due to COVID-19 lockdown protocols across the globe.
  • Fact.MR estimates that massive MIMO revenue will soar 10X from 2021 to 2031, reaching nearly US$ 71 Bn by 2031.
  •  As per Fact. MR’s massive MIMO industry insights, global market revenue totaled US$ 6 Bn in 2020.
  • Demand for massive MIMO in the IT & services sector is likely to accelerate at the highest pace.
  • TDD spectrum type massive MIMO is expected to witness high demand, increasing at CAGR of 28% by value over the forecast period.
  • The residential massive MIMO market is likely to increase its share by 31% by 2031.

How Will Introduction of 5G Technology Increase Adoption Rate of Massive Multiple-Input Multiple-Output (MIMO) Technology?

As per the analysis, globally, 60% of people in the world have access to the Internet today. Internet adoption is increasing at a fast rate in both, rural and urban areas. Out of these, around 72% have access to high-speed Internet and around 38% of rural households have access to the Internet.

As demand for high-speed Internet is rising as both, commercial and residential services are increasing, there has been robust growth in data usage. This is driving higher demand for massive MIMO.

Over the years, the Internet has established itself as an essential need amongst every end-use industry, and is considered as a powerful tool to transform a business. In today’s globalized world, the Internet has emerged as a prominent communication tool and source of information across verticals. Technological advancements in the massive MIMOs market, mobile & communication technology, and use of social media have given a boost to demand.

In the past few years, the wold has witnessed the unfolding of many such technologies that are likely to take the utilization of 5G to its zenith. The 5G massive MIMO market is one such sector. It utilises the benefits of massive MIMO technology and provides uninterrupted high-speed 5G data transfer, which increases the efficiency of the network.

In the era of 5G development, countries are moving towards developing the required infrastructure. Currently, almost 30% of countries have access to 5G technology. As per estimations, around 3.6 Bn people are going to have access to 5G technology by the end of 2025.

As per Fact.MR’s comprehensive massive MIMO market research report, it is projected that the 5G market is likely to account for almost 40% of the market share. The 5G segment value is estimated to reach around US$ 28 Bn by 2031.

5G is expected to provide highest growth opportunities over the coming years. With new emerging designs of 5G NR networks, MIMO becomes massive with 100s of antennas crucial for harnessing its full potential. It is an extended version of conventional MIMO that works by adding a large number of antennas to the base.

Evaluating the adoption rate, demand for massive MIMO systems is likely to cover significant share of the overall market over the coming 10 years.

Massive mimo market analysis by region and application by Fact.MR

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Associated Benefits of Massive Multiple-In Multiple-Out Technology and Which Industry May Benefit the Most!

Because of technical advantages in massive MIMO, it is likely to be a key enabler in the field of telecom, IT & services, and military. Massive MIMO systems require higher number of advanced antennas and complex algorithms. Though MIMO technology has been in use since long, the target technology enhances speed, connectivity, and user experience.

Large number of advanced antenna systems for 5G massive MIMO aids in focusing the energy at the single point instead of a diverging one. Prominent advantages of massive MIMO can be summed up in the following points.

Improved Coverage: By the use of this technology, users enjoy the most uniform experience across a wide range of networks. This enables high data rate services everywhere.

Beamforming in the technology is called 3D beamforming, which enables dynamic coverage since users are moving either by walking, vehicles, or connected vehicles. This adjusts the coverage according to their location. In addition its ability to serve multiple users at the time is driving demand for multi-user MIMO (MU-MIMO).

Increased Network Capacity: Total volume of data that is being served to users along with the maximum number of users that the technology can serve is known as capacity of network.

The target technology enables high capacity by enabling 5G NR, which is deployed in the frequency range of sub-6 Ghz. Similarly, deploying multi user MIMO enables the service to be availed by many users at the same time.

Enhanced User Experience: As the above two mentioned factors increase, user experience also increases eventually. In terms of high-speed uploading and downloading is leading to mass adoption of massive MIMO.

What are the Restraints being Faced by the Massive MIMO Industry?

High price of spectrum distribution is a prime concern in every region. It highly depends upon government policies, which generally falls into higher tax ranges.

Investments associated with infrastructure building results in loss for a longer period. Where the telecom industry faces cut-throat competition in the market, investing and sustaining becomes a great concern for market players.

Lack of TDD spectrum is also a likely point of concern for TDD-based massive MIMO technology. Currently, traffic is unevenly distributed between end user terminals and base stations. Whereas, FDD provides same channel size on both directions of the network. Massive MIMO experiences higher traffic at the downlink side.

Moreover, TDD technology uses different time frame duration on the same frequency for managing data traffic. Currently, larger share of the market is using FDD spectrum, which limits growth of the target product market.

As demand for high-speed Internet is increasing, FDD-based massive MIMO technology is poised to hold a smaller market share over the coming years.

An Adaptive Approach to Modern-day Research Needs

Which Region Offers Excellent Opportunity for Revenue Generation from Massive MIMO?

North America is expected to account for over 32% of massive MIMO demand throughout the assessment period. Asia Pacific is expected to account for the highest CAGR of almost 29%. Europe is expected to stand next in line, wherein, the U.K. and Germany are market leaders contributing higher dollar opportunity.

Country-wise Analysis

Why is the U.S. a Global Leader for Massive MIMO and Enjoys High Adoption Rate?

In North America, the U.S. is estimated to enjoy the highest share, as its market for massive MIMO is presumed to reach almost US$ 1.7 Bn in 2021.

The United States massive MIMO market is seeing robust demand because of some of the world’s largest IT and & services firms present in the country, such as Goggle, Amazon, Facebook, etc.

Also, being an early technology adopter, the large population in the country has access to smart devices, which increases in-house demand.

Which Countries are Leading the Deployment of Massive MIMO at the Global Level?

China: China is the world’s second-largest economy, while having the presence of telecom industry leader Huawei in the country. Over the years, the country has witnessed massive infrastructure development in the telecom sector. The market in China is expected to reach around US$ 13 Bn by 2031.

Germany: Germany is the largest economy in Europe and sees high demand in the connectivity and Internet sector. The Germany massive MIMO technology market is expected to rise at a CAGR of almost 23% over the forecast period. Technology adoption is higher owing to the presence of technology giants in the country.

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Category-wise Insights

Why Does Wi-Fi Application Uphold High Demand across the Globe?

Residential as well as small commercial spaces have high demand for Wi-Fi. As Internet penetration is increasing along with more modernisation, penetration of massive MIMO for Wi-Fi use is also increasing. The segment is expected to hold a little less than 25% global market share.

What is the Scenario of Massive MIMO Use in Military?

Military has always been the first user or inventor of prominent technology. In fact, the Internet was first introduced for use by the military. Military deals with high data transfer and large path transfer. Thus, this sub-segment holds a prominent market value and is expected to increase its revenue 3X over the forecast period.

Massive mimo market competition analysis by Fact.MR

Competitive Landscape

Majority companies discussed in the report have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.

Recent developments related to companies offering massive MIMO have been tracked by the team at Fact.MR, which are available in the detailed report.

Massive MIMO Industry Report Scope

Attribute

Details

Market size value in 2020

USD 6 Billion

Market forecast value in 2031

USD 71 Billion

Growth Rate

CAGR of 26.1% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania 
  • Middle East & Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • By Spectrum
  • By Application
  • By End User
  • Region

Key Companies Profiled

  • Ericsson
  • Nokia Corporation
  • ZTE Corporation
  • Huawei Technologies Co., Ltd.
  • Xilinx, Inc.
  • Samsung Electronics Co., Ltd.
  • Verizon
  • Airtel
  • Deutsche Telekom
  • Qualcomm

Pricing

Available upon Request

Major Segments Covered in Massive MIMO Industry Research

  • By Spectrum

    • FDD (Frequency Division Duplex)
    • TDD (Time Division Duplex)
  • By Application

    • 5G
    • WiMAX
    • LTE advance pro
    • Wi-Fi
    • Others
  • By End User

    • Telecom Industry
    • IT & Services
    • Military
    • Residential
    • Aerospace Industry
    • Enterprises
    • Others

Massive MIMO Market- Scope of Report

A recent study by Fact.MR on the massive MIMO market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of massive MIMO.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies providing massive MIMO, along with their product portfolios, key strategies, and SWOT analysis, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including revenue growth, product enhancements, and revenue generation from massive MIMO across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue through massive MIMO during the forecast period.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of value (US$ Bn).

Market estimates at global and regional levels for massive MIMO are available in terms of “US$ Bn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a company can look to achieve, along with identifying potential resources, considering the revenue perspective in the global massive MIMO market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include market forces analysis, which is expected to have a momentous influence on the growth of the massive MIMO market during the forecast period.

Country-specific valuation on revenue for massive MIMO has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

In-depth Analysis on Competition

The report sheds light on leading providers of massive MIMO, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the massive MIMO has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the massive MIMO market.

- FAQs -

The global massive MIMO market was valued at more than US$ 6 Bn in 2020.

Deployment of massive MIMO is projected to increase at a CAGR of over 26% during 2021 – 2031.

Market value of massive MIMO increased at a CAGR of around 18% during 2016 – 2020.

Introduction and adoption of 5G networks is the technology that is going to utilize massive MIMO for harnessing its full potential.  

Increasing smart device ownership, rising automation, online education and offices, and social media hype are few of the driving factors for the targeted technology.

Top 3 vendors of massive MIMO account for around 65% share in the market.

Top 5 countries driving demand for massive MIMO are the U.S., China, Japan, U.K., and Germany.

Massive MIMO using FDD spectrum is expected to rise at a CAGR of 27% during the forecast period. 

The South Asia & Oceania market for massive MIMO is projected to expand at a CAGR of more than 27% during 2021 – 2031.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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