With the emergence and long-term Impact of COVID-19, Global Massive MIMO Market to reach USD 102.15 Billion by 2029
Bizwit Research & Consulting LLP’s Recent Analysis on Global Massive MIMO Market is poised to raise up to USD 102.15 Billion by 2029. The network through which the devices are connected must serve many users simultaneously and at the same time, each connected device needs a high throughput. Massive multiple-input multiple-output (MIMO) technology satisfies the above requirements. Also, massive MIMO technology curbs out growing concern about energy consumption of wireless communication systems as it consumes less energy. The market is driven by Increasing mobile data traffic worldwide, high penetration of smartphones and rising investment on 5G infrastructure on the global scenario. The surging investments towards adoption of 5G technology and developing 5G infrastructure is acting as a key driver towards the development and growth of Massive MIMO market. For Instance: Europe has been focusing towards the development and adoption of 5G technology. The massive MIMO technology is extensively used in 5G, as it can be customized to support a substantial amount of massive Machine Type Communication (MTC) devices in the forthcoming period of 5G. The 5th generation telecommunication system would offer ultra-high bandwidth, virtually ubiquitous and low latency to the individual users to connect objects which is anticipated to positively influence the development and growth of massive MIMO market.
Geographically, the global Massive MIMO market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia-Pacific is the leading region across the world in terms of market share owing to due to the intense elevation in number of smart phone users. Also, Asia Pacific is fastest growing region due to factors such as rising government mandates and growing communication and information technology infrastructure including 4G LTE or 5G are key factors that are leveraging various growth prospects in the regional market over the forecasting period.
The global Massive MIMO market is highly competitive owing to the presence of several key market players such Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Verizon Communications Inc., ZTE Corporation, Sprint Corporation, China Mobile Communications Group Co., Ltd., Samsung Group, Bharti Airtel Limited, Deutsche Telekom AG and others.
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Key findings of the study suggest:
- Global Massive MIMO Market is anticipated to grow with a healthy growth rate of more than 41.6% over the forecast period 2023-2030.
- In the Technology segment, LTE Advance emerged out as the leading market segment in 2021.
- In the Types of Antennas, 64T64R emerged out as the leading market segment in 2021
- In the Spectrum, TDD emerged as the leading market segment in 2021
- Asia Pacific is anticipated to drive regional growth owing to intense elevation in number of smart phone users.
- North America is expected to grow at higher rate followed by Asia Pacific during 2022-2029.
Bizwit Research & Consulting has considered following segments for the study:
Technology:
- LTE Advanced
- LTE Advanced Pro
- 5G
Types of Antennas:
- 8T8R
- 16T16R & 32T32R
- 64T64R
- 128T128R & Above
Spectrum:
- FDD
- TDD
- Others (FBMC, OFDM)
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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