Massive MIMO Market Size (2024 - 2029)

Massive Multiple-Input Multiple-Output Market Analysis

The Massive MIMO Market size is estimated at USD 4.74 billion in 2024, and is expected to reach USD 23.57 billion by 2029, growing at a CAGR of 37.84% during the forecast period (2024-2029).

Approximately 5.25 billion people, i.e, 66.2% of the world's population, use the internet today. North America and Europe have the highest internet penetration of, 93.4% and 88.4%, respectively. It is believed that 54.4% of all internet traffic worldwide is consumed by mobile phone users. This surging demand for mobile subscribers and online usage is putting a burden on existing networks. To ease this pressure, telecom companies are adopting solutions, like MIMO, to provide uninterrupted services to their consumers with enhanced speeds.

• The technological advancement in network generations like LTE to 5G also creates a demand for uninterrupted connectivity. With the introduction of MIMO in the networks, the market can continue to benefit from existing 4G FDD networks while enhancing the performance of 5G FDD networks. Since telcos focus more on promoting 5G services, it is expected to drive the growth of the massive MIMO market over the forecast period.
• The intensity of internet usage has increased substantially during the COVID-19 Pandemic. From online education, work from home to teleconsultation, online shopping demands high-speed internet services. Telecom operators realized the need for high bandwidth, which created the demand for solutions like MIMO for better connectivity.
• Wi-Fi and cellular networks employ MIMO technology to enhance a computer's spectrum efficiency, maximum data transmission rate, and network capability. It only works well with fast-moving devices because the beam-forming process is more complicated and less efficient. Therefore, MU-MIMO does not benefit devices that frequently roam your corporate network.

Massive Multiple-Input Multiple-Output Industry Segmentation

MIMO, or multiple-input multiple-output, is a radio communications technology with many applications. This uses multiple antennas to use reflected signals to improve channel robustness and performance.MIMO uses multiple antennas at the transmitter and receiver end to enable a variety of signal paths to carry the data. LTE MIMO can improve signal performance by utilizing many antennas and the multiple route propagation that already exists.5G mid-band TDD deployments use Massive MIMO technology to use additional spectrum without the need for site densification fully.

The Massive Multiple-input Multiple-output (MIMO) Market is Segmented by Technology (LTE and 5G), Type of Antenna (16T16R, 32T32R, 64T64R, and 128T128R and Above), and Geography.

The market sizes and forecasts are provided in terms of value (USD million)