Massive MIMO Market by Technology (LTE Advanced, LTE Advanced Pro, 5G), Spectrum (TDD, FDD), Type of Antennas (8T8R, 16T16R & 32T32R, 64T64R, 128T128R & Above), and Geography (North America, Europe, Asia Pacific, Row) - Global Forecast to 2026
The massive MIMO market was valued at USD 1.11 Billion in 2017 and is expected to reach 20.91 Billion by 2026, at a CAGR of 41.6% during the forecast period.
The growing demand for high data rate speed, low latency, easy synchronization with the previous generation technology, and consistent connectivity, among others, are the key factors driving the market. The base year considered for the study is 2017 and the forecast period considered is between 2018 and 2026. The objective of the report is to provide a detailed analysis of the market on the basis of spectrum, technology, type of antennas, and geography. The report provides detailed information regarding the major factors influencing the growth of this market.
The research methodology used to estimate and forecast this market begins with capturing data on key vendor revenues through secondary research such as IEEE journals, CTIA, FCC, GSA, and newsletters from leading players. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and executives of the companies in the massive MIMO industry. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and to arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:
To know about the assumptions considered for the study, download the pdf brochure
The massive MIMO ecosystem comprises manufacturers, system integrators, and distributors. The players involved in the development of massive MIMO include Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Verizon (US), Sprint (US), Airtel (India), China Mobile (China), and Deutsche Telekom (Germany).
Target Audience of the Report:
- Raw Material and Manufacturing Equipment Suppliers
- Telecom Infrastructure Vendors
- Device Manufacturers
- Telecom Network Operators
- Technology Investors
- Telecom Software Solution Providers
- Chipset Manufacturers
- Telecom System Integrators
- Research Institutes and Organizations
- Associations and Regulatory Authorities Related to Plant Maintenance
- Government Bodies, Venture Capitalists, and Private Equity Firms
“This study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
Scope of the report:
This research report categorizes the global market on the basis of spectrum, technology, type of antennas, and geography.
Massive MIMO Market, by Spectrum:
- TDD
- FDD
- Others
Massive MIMO Market, by Technology:
- LTE Advanced
- LTE Advanced Pro
- 5G
Massive MIMO Market, by Type of Antennas:
- 8T8R
- 16T16R & 32T32R
- 64T64R
- 128T128R & Above
Massive MIMO Market, by Geography:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:
Company information:
Detailed analysis and profiling of additional market players (up to 5)
The market is expected to be 1.29 Billion in 2018 and is projected to reach USD 20.91 Billion by 2026, at a CAGR of 41.6% between 2018 and 2026. The growth of this market is driven by the rising importance of software implementation in a communication network and high signal to noise ratio.
The TDD spectrum segment led the massive MIMO market in 2017. With high data rates and a huge capacity for data and HD voice, TDD significantly improves customer experience and lowers the operator’s cost per bit. TDD also provides spectrum flexibility. TDD runs on multiple spectrum bands with a bandwidth of up to 200 MHz in a single band. These enable easier roaming, high capacity, and high user throughput with carrier aggregation.
The 64T64R type of antennas segment led the market in 2017, as most companies in the market use the 64T64R type of antenna in their testing and deployment, which is the major factor for the large market size of this segment. With massive MIMO radios using 64T64R antennas, Sprint can drive the capacity of massive MIMO beyond 1 Gbps to reach 3-6 Gbps per sector.
The LTE Advanced technology segment accounted for the largest share market in 2017, as this technology helps resolve bandwidth issues, which occur mainly due to the presence of millions of users on a single carrier service. The 5G technology segment is expected to witness the fastest growth during the forecast period, as it is expected to enable new high-frequency bands that suffer high propagation path losses to deliver similar coverage as low frequencies. Moreover, 5G is expected to offer significant gains to accommodate more users at higher data rates with better reliability while consuming less power.
APAC led the overall massive MIMO market in 2017. China is one of the most important countries for massive MIMO. Chinese players Huawei and China Unicom together have completed the field verification of the industry’s first FDD LTE-based massive MIMO technology, using an existing two-antenna receiving terminal operating with 20MHz of spectrum.
The lack of standardization of spectrum allocation is one of the major restraints for themarket. The standardization of spectrum allocation across regions is extremely important for the development of the massive MIMO infrastructure, as it has a huge impact on the economies of scale and offers clarity to equipment vendors to develop products.
Market players such as Huawei Technologies Co. Ltd. (China), Nokia Corporation (Finland), Verizon Communications Inc. (US), ZTE Corporation (US), and Ericsson AB (Sweden) are focusing on product/solution launches and developments, partnerships and collaborations to enhance their product offerings and expand their business.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Breakdown of Primaries
2.1.3.3 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share Through Bottom-Up Analysis (Demand-Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share Through Top-Down Analysis (Supply-Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the MasMarket
4.2 Market, By Technology
4.3 Market, By Type of Antennas
4.4 Market, By Spectrum
4.5 Market, By Geography
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for A Large Amount of Data at High Speed at A Given Time
5.2.1.2 Increasing Importance of Software Implementation in Communication Network
5.2.1.3 High Signal to Noise Ratio and Link Reliability
5.2.2 Restraints
5.2.2.1 Lack of Standardization of Spectrum Allocation
5.2.3 Opportunities
5.2.3.1 Growing Requirement for High Throughput and Long-Range Applications
5.2.3.2 Rapid Advancements in 4G LTE & 4.5G Data Models
5.2.4 Challenges
5.2.4.1 Complex Set-Up and Requirement for Rich Diversity of Signal Paths Between Transmitter and Receiver
6 Global Massive MIMO Market, By Technology (Page No. - 38)
6.1 Introduction
6.2 LTE Advanced
6.3 LTE Advanced Pro
6.4 5G
7 Global Massive MIMO Market, By Type of Antennas (Page No. - 42)
7.1 Introduction
7.2 8T8R
7.3 16T16R & 32T32R
7.4 64T64R
7.5 128T128R & Above
8 Global Massive MIMO Market, By Spectrum (Page No. - 47)
8.1 Introduction
8.2 FDD
8.3 TDD
8.4 Others (FBMC, OFDM)
9 Geographic Analysis (Page No. - 51)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Rest of North America
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 Rest of Europe
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.2 Japan
9.4.3 Rest of APAC
9.5 RoW
10 Competitive Landscape (Page No. - 66)
10.1 Overview
10.2 Market Ranking Analysis: Market
10.3 Competitive Situation and Trends
10.3.1 Solution Launches and Developments
10.3.2 Collaborations and Partnerships
11 Company Profiles (Page No. - 71)
11.1 Introduction
11.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)
11.2.1 Nokia
11.2.2 Ericsson
11.2.3 Huawei
11.2.4 Verizon Communications
11.2.5 ZTE
11.2.6 Sprint
11.2.7 China Mobile
11.2.8 Samsung
11.2.9 Airtel
11.2.10 Deutsche Telekom
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
11.3 Other Key Players
11.3.1 Smartone
11.3.2 T-Mobile
11.3.3 China Unicom
11.3.4 Reliance Jio
11.3.5 Idea
11.3.6 Vodafone
11.3.7 Telefonica
11.3.8 Singtel
11.3.9 Smartfren
11.3.10 Telstra
11.3.11 Commscope
11.3.12 Kathrein
11.3.13 Comba
12 Appendix (Page No. - 101)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (33 Tables)
Table 1 Global Market, By Technology, 2017–2026 (USD Million)
Table 2 LTE Advanced Massive MIMO , By Region, 2017–2026 (USD Million)
Table 3 LTE Advanced Pro Massive MIMO , By Region, 2017–2026 (USD Million)
Table 4 5G Market, By Region, 2017–2026 (USD Million)
Table 5 Market, By Type of Antennas, 2017–2026 (USD Million)
Table 6 8t8r Massive MIMO , By Region, 2017–2026 (USD Million)
Table 7 16T16R & 32t32r Massive MIMO , By Region, 2017–2026 (USD Million)
Table 8 64T64R Massive MIMO , By Region, 2017–2026 (USD Million)
Table 9 128T128R & Above Massive MIMO By Region, 2017–2026 (USD Million)
Table 10 Global Market, By Spectrum, 2017–2026 (USD Million)
Table 11 FDD Massive MIMO , By Region, 2017–2026 (USD Million)
Table 12 TDD Massive MIMO , By Region, 2017–2026 (USD Million)
Table 13 Global Massive MIMO Market, By Geography, 2017–2026 (USD Million)
Table 14 Market in North America, By Type of Antennas, 2017–2026 (USD Million)
Table 15 Market in North America, By Technology, 2017–2026 (USD Million)
Table 16 Market in North America, By Spectrum, 2017–2026 (USD Million)
Table 17 Market in North America, By Country, 2017–2026 (USD Million)
Table 18 Market in US, By Type of Antennas, 2017–2026 (USD Million)
Table 19 Market in Europe, By Type of Antennas, 2017–2026 (USD Million)
Table 20 Market in Europe, By Technology, 2017–2026 (USD Million)
Table 21 Market in Europe, By Spectrum, 2017–2026 (USD Million)
Table 22 Market in Europe, By Country, 2017–2026 (USD Million)
Table 23 Market in APAC, By Type of Antennas, 2017–2026 (USD Million)
Table 24 Market in APAC, By Technology, 2017–2026 (USD Million)
Table 25 Market in APAC, By Spectrum, 2017–2026 (USD Million)
Table 26 Market in APAC, By Country, 2017–2026 (USD Million)
Table 27 Market in China, By Type of Antennas, 2017–2026 (USD Million)
Table 28 Market in RoW, By Type of Antennas, 2017–2026 (USD Million)
Table 29 Market in RoW, By Technology, 2017–2026 (USD Million)
Table 30 Market in RoW, By Spectrum, 2017–2026 (USD Million)
Table 31 Ranking of the Key Players in the Market
Table 32 Product/Solution Launches and Developments, January 2015 – January 2018
Table 33 Collaborations and Partnerships, January 2015–January 2018
List of Figures (40 Figures)
Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 Global Market, 2017–2026 (USD Billion)
Figure 8 Based on Type of Antennas, the 64t64r Segment is Expected to Lead the Market During the Forecast Period
Figure 9 TDD Spectrum Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 5G Technology Segment is Expected to Account for the Largest Share of the Market in 2026
Figure 11 Market in APAC is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Demand for Massive MIMO in Asia Pacific is Expected to Drive Market Growth
Figure 13 5G Technology Segment is Expected to Account for the Largest Share of the Massive MIMO Market in 2026
Figure 14 128T128R Segment is Projected to Grow at the Highest CAGR Between 2018 and 2026
Figure 15 TDD Spectrum Segment is Expected to Account for the Largest Share of the Market in 2026
Figure 16 Market in APAC is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Increasing Importance of Software Implementation in Communication Network is Expected to Drive the Market
Figure 18 Data Traffic Generation By Various Mobile Applications
Figure 19 5G Technology Segment is Expected to Lead the Market During the Forecast Period
Figure 20 Market, By Type of Antennas
Figure 21 Based on Type of Antennas, the 128t128r Segment is Expected to Grow at the Highest CAGR Between 2018 and 2026
Figure 22 Market, By Spectrum
Figure 23 TDD Spectrum Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 MaMarket, By Geography
Figure 25 Geographic Snapshot of the Market
Figure 26 North America Massive MIMO Market Snapshot
Figure 27 Europe Massive MIMO Snapshot
Figure 28 APAC Massive MIMO Snapshot
Figure 29 Product/Solution Launches and Development Emerged as the Key Growth Strategy Adopted By the Companies Between January 2015 and January 2018
Figure 30 Product/Solution Launches and Developments Was the Key Strategy Adopted By the Market Players Between January 2015 and January 2018
Figure 31 Nokia: Company Snapshot
Figure 32 Ericsson: Company Snapshot
Figure 33 Huawei: Company Snapshot
Figure 34 Verizon Communications: Company Snapshot
Figure 35 ZTE: Company Snapshot
Figure 36 Sprint: Company Snapshot
Figure 37 China Mobile: Company Snapshot
Figure 38 Samsung: Company Snapshot
Figure 39 Airtel: Company Snapshot
Figure 40 Deutsche Telekom: Company Snapshot
Growth opportunities and latent adjacency in Massive MIMO Market