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Global Massive MIMO Market to Reach $14.6 Billion by 2026

Strategic Insights

— 2 min read

The Global Massive MIMO (Multiple-Input Multiple-Output) market is expected to grow at a CAGR of 44.8% over the analysis period, driven by the increasing demand for high-speed Internet services and the need for efficient wireless communication. The market is estimated at $2.7 billion in 2020 and is projected to reach $14.6 billion by 2026, according to a new market study by Global Industry Analysts, Inc.

The Massive MIMO market is driven by the rapid growth in data volumes and the increasing demand for high-speed Internet services from residential and enterprise sectors. The market is expected to witness significant growth in the 5G segment, with the global 5G market projected to reach $2 billion by 2026. The Asia-Pacific region is expected to be the fastest-growing market, driven by countries such as Australia, India, and South Korea.

The report also highlights the importance of the hybrid approach, which combines analog and digital beamforming to address the issues associated with Massive MIMO. This approach allows for coherency, which is the perfect or near-perfect phase/time alignment of antenna arrays, and is essential for efficient signal transmission. The 3GPP relies on two approaches for using MIMO to deliver LTE from different antennas, but these approaches are not viable for massive MIMO with a sizeable antenna array.

Key Takeaways:

  • The Global Massive MIMO market is expected to grow at a CAGR of 44.8% over the analysis period.
  • The market is estimated at $2.7 billion in 2020 and is projected to reach $14.6 billion by 2026.
  • The 5G segment is expected to reach $2 billion by 2026, driven by the increasing demand for high-speed Internet services.
  • The Asia-Pacific region is expected to be the fastest-growing market, driven by countries such as Australia, India, and South Korea.
  • The hybrid approach is expected to play a significant role in addressing the issues associated with Massive MIMO.
  • The 3GPP relies on two approaches for using MIMO to deliver LTE from different antennas, but these approaches are not viable for massive MIMO with a sizeable antenna array.
  • The market is driven by the rapid growth in data volumes and the increasing demand for high-speed Internet services from residential and enterprise sectors.

Statistics:

  • The Global Massive MIMO market is expected to grow at a CAGR of 44.8% over the analysis period.
  • The market is estimated at $2.7 billion in 2020 and is projected to reach $14.6 billion by 2026.
  • The 5G segment is expected to reach $2 billion by 2026.
  • The Asia-Pacific region is expected to be the fastest-growing market, with a CAGR of 54.8% over the analysis period.
  • The global 5G market is expected to reach $2 billion by 2026, with the USA, Canada, Japan, China, and Europe driving the 82.3% CAGR estimated for this segment.

Sources:

  • Global Industry Analysts, Inc. (GIA)
  • "Massive MIMO - Global Market Trajectory & Analytics" report
  • "FACTS AT A GLANCE"
  • "Complimentary Project Preview"

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