This report describes and explains the massive MIMO market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global massive MIMO market reached a value of nearly $5.85 billion in 2023, having grown at a compound annual growth rate (CAGR) of 49.58% since 2018. The market is expected to grow from $5.85 billion in 2023 to $28.91 billion in 2028 at a rate of 37.64%. The market is then expected to grow at a CAGR of 34.68% from 2028 and reach $128.11 billion in 2033.
Growth in the historic period resulted from the rise in smart city projects, strong economic growth in emerging markets, growth in the use of cloud-based services and favorable government initiatives. Factors that negatively affected growth in the historic period include high implementation costs.
Going forward, the expansion of 5G network deployments, increasing urbanization, rising demand for high speed internet, increasing adoption of smartphones and growing adoption of IoT connected devices will drive the market. Factors that could hinder the growth of the massive MIMO market in the future include the limited availability of skilled personnel.
The massive MIMO market is segmented by technology into LTE Advanced, LTE Advanced Pro and 5G. The LTE advanced market was the largest segment of the massive MIMO market segmented by technology, accounting for 44.4% or $2.6 billion of the total in 2023. Going forward, the 5G segment is expected to be the fastest growing segment in the massive MIMO market segmented by technology, at a CAGR of 42.46% during 2023-2028.
The massive MIMO market is segmented by type of antennas into 16T16R, 32T32R, 64T64R, 128T128R and above. The 64T64R market was the largest segment of the massive MIMO market segmented by type of antennas, accounting for 40.80% or $2.38 billion of the total in 2023. Going forward, 64T64R segment is expected to be the fastest growing segment in the massive MIMO market segmented by type of antennas, at a CAGR of 40.80% during 2023-2028.
The massive MIMO market is segmented by spectrum into frequency division duplex (FDD), time division duplexing (TDD) and other spectrums. The time division duplexing (TDD) market was the largest segment of the massive MIMO market segmented by spectrum, accounting for 62.27% or $3.64 billion of the total in 2023. Going forward, the time division duplexing (TDD) segment is expected to be the fastest growing segment in the massive MIMO market segmented by spectrum, at a CAGR of 38.92% during 2023-2028.
North America was the largest region in the massive MIMO market, accounting for 34.73% or $2.03 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the massive MIMO market will be Africa and Asia-Pacific, where growth will be at CAGRs of 44.31% and 39.66% respectively. These will be followed by South America and Western Europe, where the markets are expected to grow at CAGRs of 38.13% and 37.46% respectively.
The global massive MIMO market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.73% of the total market in 2023. Telefonaktiebolaget LM Ericsson AB was the largest competitor with a 10.27% share of the market, followed by ZTE Corp. with 5.57%, Nokia Corp. with 4.26%, NEC Corporation with 3.20%, Nippon Telegraph & Telephone Corp. (NTT) with 2.85%, NXP Semiconductors N.V. with 2.53%, Deutsche Telekom AG with 2.33%, Intel Corp. with 1.38%, Qorvo Inc. with 1.32% and China Mobile Ltd. with 1.02%.
The top opportunities in the massive MIMO market segmented by technology will arise in the LTE advanced pro segment, which will gain $9.35 billion of global annual sales by 2028. The top opportunities in the massive MIMO market segmented by type of antennas will arise in the 64T64R segment, which will gain $10.82 billion of global annual sales by 2028. The top opportunities in the massive MIMO market segmented by spectrum will arise in the time division duplexing (TDD) segment, which will gain $15.21 billion of global annual sales by 2028. The massive MIMO market size will gain the most in the USA at $6.31 billion.
Market-trend-based strategies for the massive MIMO market include expansion of massive MIMO technology to support enhanced 5G connectivity, development of open and interoperable massive MIMO systems for improved energy efficiency and cost savings and strategic partnerships and collaborations among major players.
Player-adopted strategies in the massive MIMO market include focus on energy-efficient innovations to enhance sustainability and performance, enhancing business capabilities through new product launches, enhancing business operations through development of high-performance products equipped with advanced technologies, strategic partnerships with leading telecom operators to boost network performance and meet increasing traffic demands and collaborations to enhance wireless transmission capabilities and overcome environmental challenges.
The global massive MIMO market reached a value of nearly $5.85 billion in 2023, having grown at a compound annual growth rate (CAGR) of 49.58% since 2018. The market is expected to grow from $5.85 billion in 2023 to $28.91 billion in 2028 at a rate of 37.64%. The market is then expected to grow at a CAGR of 34.68% from 2028 and reach $128.11 billion in 2033.
Growth in the historic period resulted from the rise in smart city projects, strong economic growth in emerging markets, growth in the use of cloud-based services and favorable government initiatives. Factors that negatively affected growth in the historic period include high implementation costs.
Going forward, the expansion of 5G network deployments, increasing urbanization, rising demand for high speed internet, increasing adoption of smartphones and growing adoption of IoT connected devices will drive the market. Factors that could hinder the growth of the massive MIMO market in the future include the limited availability of skilled personnel.
The massive MIMO market is segmented by technology into LTE Advanced, LTE Advanced Pro and 5G. The LTE advanced market was the largest segment of the massive MIMO market segmented by technology, accounting for 44.4% or $2.6 billion of the total in 2023. Going forward, the 5G segment is expected to be the fastest growing segment in the massive MIMO market segmented by technology, at a CAGR of 42.46% during 2023-2028.
The massive MIMO market is segmented by type of antennas into 16T16R, 32T32R, 64T64R, 128T128R and above. The 64T64R market was the largest segment of the massive MIMO market segmented by type of antennas, accounting for 40.80% or $2.38 billion of the total in 2023. Going forward, 64T64R segment is expected to be the fastest growing segment in the massive MIMO market segmented by type of antennas, at a CAGR of 40.80% during 2023-2028.
The massive MIMO market is segmented by spectrum into frequency division duplex (FDD), time division duplexing (TDD) and other spectrums. The time division duplexing (TDD) market was the largest segment of the massive MIMO market segmented by spectrum, accounting for 62.27% or $3.64 billion of the total in 2023. Going forward, the time division duplexing (TDD) segment is expected to be the fastest growing segment in the massive MIMO market segmented by spectrum, at a CAGR of 38.92% during 2023-2028.
North America was the largest region in the massive MIMO market, accounting for 34.73% or $2.03 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the massive MIMO market will be Africa and Asia-Pacific, where growth will be at CAGRs of 44.31% and 39.66% respectively. These will be followed by South America and Western Europe, where the markets are expected to grow at CAGRs of 38.13% and 37.46% respectively.
The global massive MIMO market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.73% of the total market in 2023. Telefonaktiebolaget LM Ericsson AB was the largest competitor with a 10.27% share of the market, followed by ZTE Corp. with 5.57%, Nokia Corp. with 4.26%, NEC Corporation with 3.20%, Nippon Telegraph & Telephone Corp. (NTT) with 2.85%, NXP Semiconductors N.V. with 2.53%, Deutsche Telekom AG with 2.33%, Intel Corp. with 1.38%, Qorvo Inc. with 1.32% and China Mobile Ltd. with 1.02%.
The top opportunities in the massive MIMO market segmented by technology will arise in the LTE advanced pro segment, which will gain $9.35 billion of global annual sales by 2028. The top opportunities in the massive MIMO market segmented by type of antennas will arise in the 64T64R segment, which will gain $10.82 billion of global annual sales by 2028. The top opportunities in the massive MIMO market segmented by spectrum will arise in the time division duplexing (TDD) segment, which will gain $15.21 billion of global annual sales by 2028. The massive MIMO market size will gain the most in the USA at $6.31 billion.
Market-trend-based strategies for the massive MIMO market include expansion of massive MIMO technology to support enhanced 5G connectivity, development of open and interoperable massive MIMO systems for improved energy efficiency and cost savings and strategic partnerships and collaborations among major players.
Player-adopted strategies in the massive MIMO market include focus on energy-efficient innovations to enhance sustainability and performance, enhancing business capabilities through new product launches, enhancing business operations through development of high-performance products equipped with advanced technologies, strategic partnerships with leading telecom operators to boost network performance and meet increasing traffic demands and collaborations to enhance wireless transmission capabilities and overcome environmental challenges.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Massive MIMO Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Massive MIMO Market Segmentation
11 Massive MIMO Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Massive MIMO Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Massive MIMO Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global massive MIMO market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
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- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for massive MIMO? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The massive MIMO market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider massive MIMO market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by technology, by type of antennas and by spectrum.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the massive MIMO market.
- Global Market Size and Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by technology, by type of antennas and by spectrum in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for massive MIMO providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Technology: LTE Advanced; LTE Advanced Pro; 5G2) by Type of Antennas: 16T16R; 32T32R; 64T64R; 128T128R and Above
3) by Spectrum: Frequency Division Duplex (FDD); Time Division Duplexing (TDD); Other Spectrums
Key Companies Mentioned: Telefonaktiebolaget LM Ericsson AB; ZTE Corp.; Nokia Corp.; NEC Corporation; Nippon Telegraph & Telephone Corp. (NTT)
Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam, Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Brazil; Mexico; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; massive MIMO indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Telefonaktiebolaget LM Ericsson AB
- ZTE Corp.
- Nokia Corp.
- NEC Corporation
- Nippon Telegraph & Telephone Corp. (NTT)
- NXP Semiconductors N.V.
- Deutsche Telekom AG
- Intel Corp.
- Qorvo Inc.
- China Mobile Ltd.
- China Telecom
- China Unicom
- Huawei Technologies Co., Ltd.
- Samsung Electronics
- Singtel Optus Pty. Ltd.
- Bharti Airtel
- Rakuten Mobile
- KDDI Corporation
- SoftBank Corp
- KT Corporation (Korea Telecom)
- SK Telecom
- LG Uplus
- Telstra Corporation
- Optus
- Alcatel-Lucent Enterprise
- Rohde & Schwarz
- Vodafone
- Telecom Italia (TIM)
- Telefónica
- Sequans Communications
- Mavenir
- Analog Devices Inc.
- Marvell
- BT Group (British Telecom).
- Cellnex Telecom
- Nordic Telecom
- IS-Wireless
- MTS (Mobile TeleSystems)
- Comarch
- O2
- Play Communications S.A.
- Orange Polska
- Mavenir Systems Inc.
- Max Linear, Inc.
- Advanced Micro Devices Inc.
- Verizon Communications Inc.
- CommScope
- Cohere Technologies Inc.
- United States Cellular Corporation
- C Spire
- Qualcomm Technologies
- Mimosa Networks
- Telecom Argentina S.A.
- Movistar Empresas
- Claro
- TIM
- Oi S.A.
- Empresa Nacional de Telecomunicaciones S.A.
- Türk Telekom
- Emirates Telecommunications Group Company PJSC(e&)
- Mobileye Global Inc.
- stc Group
- Zain Group
- Turkcell İletişim Hizmetleri A.Ş.
- Etihad Etisalat Company
- Alvarion Technologies Ltd.
- MTN Irancell
- Ooredoo QSC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 525 |
| Published | November 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 5.85 Billion |
| Forecasted Market Value ( USD | $ 128.11 Billion |
| Compound Annual Growth Rate | 36.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 68 |
