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Massive MIMO (Multiple Input Multiple Output) is a wireless communication technology that uses a large number of antennas at the base station to serve multiple users simultaneously. The massive MIMO increases the capacity and efficiency of wireless networks by leveraging spatial diversity. By using many antennas, the system can focus the transmission and reception of signals more precisely, reducing interference and improving data rates.

The massive MIMO market consists of revenues earned by entities (organizations, sole traders and partnerships) that provide massive MIMO products and services, to enhance the capacity, efficiency and reliability of wireless networks.

The global massive MIMO market was valued at $781.60 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 49.0%.

Rise In Smart City Projects

The rise in smart city projects drove the growth of the massive MIMO market during this historic period. Smart cities refer to administrative territories that use information and communication technology (ICT) to improve their operational efficiency and provide better infrastructural facilities to their residents. The rise in smart city projects drove the demand for high-capacity, reliable communication networks. To support applications like traffic management and public safety, smart cities needed extensive data transmission and real-time connectivity. Massive MIMO technology enhancing spectral efficiency and network capacity became crucial. For instance, in January 2022, the Indian Government disbursed INR 284.13.6 billion ($3.817 billion) for 100 smart cities, with INR 236.683 billion ($3.18 billion) already utilized. Additionally, in November 2021, the US federal government announced the Investment and Jobs Act in its annual bill, in which it allocated $500 million to accelerate its smart city initiative and increase the number of smart cities in the country. Therefore, the rise in smart city projects contributed to the growth of the massive MIMO market.

Expansion Of Massive MIMO Technology To Support Enhanced 5G Connectivity

Major companies in the massive MIMO market are accelerating the deployment of this technology to enhance 5G connectivity. With rising demand for high-speed internet, massive MIMO systems are being installed to boost network capacity and efficiency. This involves deploying numerous antennas and advanced hardware to improve data throughput and reduce latency. The rapid rollout of massive MIMO technology is essential for addressing increasing data traffic and connectivity needs, supporting the broad adoption of 5G networks and enhancing service quality. For example, in February 2024, Telefonaktiebolaget LM Ericsson, a Sweden-based multinational networking and telecommunications company, announced the successful deployment of 100,000 massive MIMO 5G radios for Bharti Airtel Limited, an India-based multinational telecommunications services company, across 12 circles within a record 500+ days. Airtel utilized Ericsson's energy-efficient Radio System products and solutions from its 5G Radio Access Network (RAN) and MINI-LINK (microwave) mobile transport portfolios.

The global massive MIMO market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.73% of the total market in 2023.

Massive MIMO Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global massive MIMO market as it emerges from the COVID-19 shut down.

Reasons to Purchase

Where is the largest and fastest-growing market for massive MIMO? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The massive MIMO market global report from The Business Research Company answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider massive MIMO market; and compares it with other markets.

The report covers the following chapters

Markets Covered:

Table of Contents

1 Executive Summary

2 Table Of Contents

3 List Of Tables

4 List Of Figures

5 Report Structure

6 Market Characteristics

7 Major Market Trends

8 Massive MIMO Market - Macro-Economic Scenario

9 Global Market Size And Growth

10 Global Massive MIMO Market Segmentation

11 Massive MIMO Market, Regional and Country Analysis

12 Asia-Pacific Market

13 Western Europe Market

14 Eastern Europe Market

15 North America Market

16 South America Market

17 Middle East Market

18 Africa Market

19 Competitive Landscape And Company Profiles

20 Other Major And Innovative Companies

21 Competitive Benchmarking

22 Competitive Dashboard

23 Key Mergers And Acquisitions

24 Opportunities And Strategies

25 Massive MIMO Market, Conclusions And Recommendations

26 Appendix

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