How big is the Massive MIMO Market?

The Massive MIMO Market size is expected to reach USD 4.74 billion in 2024 and grow at a CAGR of 37.84% to reach USD 23.57 billion by 2029. Read More

What is the current Massive MIMO Market size?

In 2024, the Massive MIMO Market size is expected to reach USD 4.74 billion. Read More

Who are the key players in Massive MIMO Market?

Samsung Electronics Co. Ltd, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd, Nokia Corporation and ZTE Corporation are the major companies operating in the Massive MIMO Market. Read More

Which is the fastest growing region in Massive MIMO Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Massive MIMO Market?

In 2024, the Asia Pacific accounts for the largest market share in Massive MIMO Market. Read More

What years does this Massive MIMO Market cover, and what was the market size in 2023?

In 2023, the Massive MIMO Market size was estimated at USD 3.44 billion. The report covers the Massive MIMO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Massive MIMO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Massive MIMO Market Trends

Statistics for the 2023 & 2024 Massive MIMO market trends, created by Mordor Intelligence™ Industry Reports. Massive MIMO trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Massive MIMO Industry

Increasing 5G Deployment May Drive the Market Growth

Massive MIMO is an extension of MIMO, that expands beyond the legacy systems by installing a significantly greater number of antennas on the base station. Increased number of antennas helps focus energy, which brings drastic improvements in throughput and efficiency for smooth functioning of 5G.
October 2022 - EE, the internet service provider and part of BT group teamed with Ericsson to deliver 5G energy efficiency and network performance across the UK using the ultra-light radio technology developed by Ericsson. The company claims this to be the lightest and smallest Massive MIMO radio with energy efficient feature reducing up to 40% energy usage, contributing to wider sustainability goals. In the initial stages, EE plans to deploy the equipments in London, there after expanding to more urban and suburban areas.
September 2022 - NEC and Mavenir deployed massive MIMO Orange's 5G standalone (SA) experimental network. the deployment of 5G SA mMIMO is an important milestone to develop Open RAN and make the switch from virtualized to cloudified networks. Such collaborations will prove the potential of the multi-vendor, cloud-native, standards-based approach.

Massive Multiple-input Multiple-output (MIMO) Market: Number of wireless telecom towers in Europe in 2018 and 2025

Understand The Key Trends Shaping This Market

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North America Occupies a Significant Market Share

According to GSMA's report, the US is expected to have the world's second-highest 5G adoption rate by 2025. The 5G connections will contribute 64% of all mobile connections in North America and will reach 280 million by 2025. US and Canada are expected to perform well in terms of 5G penetration as operators step up deployments of mid-band spectrum, taking overall population coverage to 92% in Canada and 100% in the US by 2025.
Furthermore, GSMA highlited that T-Mobile is the biggest provider of 5G with 0.9 million FWA subscribers by the first quarter of 2022 and plans to achieve around 7 million subscribers by 2025. The 5G FWA market is also being investigated by Canadian operators, particularly in rural areas.
With most of the telecom companies investing heavily in 5G technology, massive MIMO is expected to witness an increased rate of adoption in this region, during the forecast period.
February 2022 - Parallel Wireless the U.S. based Open RAN company planned to open R&D lab in Canada. With a vision to have a stellar R&D team in Ottawa, the company look forward to develop new products related to massive MIMO, system architecture, radio design and more.