Massive MIMO offers fast connection speeds and more data capacity in high traffic locations without using any additional spectrum. It also offers better cell quality at the cell edge. Moreover, massive MIMO tests have demonstrated its strong potential to deliver gigabit LTE services in dynamic urban environments. The massive MIMO market is expected to be USD 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 can be attributed to the rising importance of software implementation in a communication network, high signal to noise ratio and link reliability, and transfer of large amounts of data at high speeds at a given time. APAC is expected to lead the massive MIMO market during the forecast period, and this market in APAC is projected to grow at the highest CAGR during the forecast period.
Nokia (Finland), Ericsson (Sweden), Huawei (China), and ZTE (China) are some of the leading players in the massive MIMO market. These players have adopted the strategies of product/solution developments, acquisitions, and partnerships and collaborations to gain a competitive edge in the market.
Nokia is one of the giants in the massive MIMO market. Nokia Corporation provides mobile communication services, including voice, messaging, and data. In the 5G technology market, the company will play an integral role in establishing the 5G communication network and providing different services such as wireless data connectivity. Nokia’s newly launched AirScale massive MIMO Adaptive Antenna, part of the company's 4.9G technology, increases the capacity significantly, lowers latency, and offers high gigabits speed-per-second on the path to 5G. In January 2018, Nokia launched ReefShark chipsets that enable massive performance gain in 5G network. ReefShark chipsets for radio frequency (RF) units, such as the radio used in antennas significantly improve their performance. This results in reducing the size of massive MIMO antennas.
Ericsson is the second-largest player in the massive MIMO market. To support the growth of the massive MIMO market, the company is working closely with various telecom companies in the deployment of the 5G network. The company also developed the 5G Radio Prototype to support the massive requirement of data rate speed. Other players in this market include Huawei (China), ZTE (China), Sprint (US), Airtel (India), China Mobile (China), Deutsche Telekom (Germany), etc. In October 2017, Ericsson and Verizon introduced 4G LTE Advanced Technologies that will also serve as a stepping stone for the 5G technology by completing their first deployment of FDD (Frequency Division Duplexing) massive MIMO. This deployment will improve both spectral and energy efficiency, thereby increasing the network capacity for current devices in the market
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
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