Global Massive MIMO Market is expected to grow at a CAGR of 40.8% during the forecast period and market is expected to reach US$ 21 Bn. by 2026.
Massive MIMO Market
Market Overview
Massive MIMO Market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Massive MIMO Market suppliers in the forecast period through 2029. The Maximize Market Research, an Massive MIMO market research firm, has served more than 600 clients across the world since 2017.
MIMO refers to multiple-input, multiple-output antenna. MIMO with a large number of base station antennas often called massive MIMO. MIMO is the mechanism to increase the number of installed antenna on a radio. Multiple antennas were installed together at the transmitter and receiver end to provide better throughput and better spectrum efficiency. This further helps in creating multiple receive and transmit paths between the base station and the end device, resulting better spectral efficiency. This technology expands the network capacity by five to seven times on the same spectrum, which will enable customers to enjoy seamless and superfast data speeds despite the very large number of users. Rising importance of software implementation in a communication network, high signal to noise ratio, and link reliability are the key factor driving the growth of the massive MIMO market through the forecast period. However, delay in the standardization of spectrum allocation is restraining the growth of the market.
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Market Scope
In the Massive MIMO market report, the forecast period is considered from 2021 to 2029, and 2021 is a based year. 2020 market size in terms of value and volume is estimated on real numbers and outputs of the prominent players across the globe. The year 2020 is an exception and is analyzed specifically with the impact of the region.
The report includes an in-depth analysis of the Massive MIMO market, as well as market segmentation. The report includes a regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios, as well as the contributions of key players.
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Segmentation
By product, transceiver, power amplifier and Wi-Fi segments projected to witness fast growth at CAGR of during forecast period. Growth of the transceiver product is attributed to its wide scale adoption in radio communication applications. Radio frequency transceivers are commonly used in wireless devices. For instance, mobile phones use them to connect to cellular networks, which are driving the growth of market. Demand of high speed serial transceivers in communications, servers and in other electronic systems and switch towards wireless transceiver due to its cost benefits are expected to witness fast growth during forecast period. However, the growth.
By industry, consumer electronics segment dominated the market in 2019 and is projected to witness high growth at CAGR of during forecast period. The growth is driven by growing market for consumer electronic industry across the globe. Wide scale adoption of RFIC chips in consumer electronic products such as Smartphone’s, smart TVs, consumer wearable’s, microwave ovens, headphone drivers and other consumer electronics products is driving the growth of market.
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Key Players
• Nokia
• Ericsson
• Huawei
• Verizon Communications
• ZTE
• Sprint
• China Mobile
• Samsung
• Airtel
• Deutsche Telekom
• Smartone
• T-Mobile
• China Unicom
• Reliance Jio
• Idea
• Comba Telecom Systems Holdings Ltd.
• CommScope, Inc.
• Kathrein SE
• Singtel Optus Pty., Ltd.
Regional Analysis
The report on the Massive MIMO market gives a detailed analysis, which is divided into regions. The research includes an evaluation of regional and local market participants operating in the target market, as well as findings in the target market. On a regional and global basis, the study evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region market is researched in depth, for the discovery of regional Massive MIMO market trends, constraints, and growth potential.
Key Questions answered in the Massive MIMO Market Report are:
Key offerings:
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Mar 07, 2023