As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global massive MIMO market is anticipated to exceed a valuation of US$ 7 Bn in 2021, and surge at an impressive CAGR of more than 26% over the forecast period of 2021 to 2031.
Market participants are likely to experience soaring demand from developed regions. Fact.MR anticipates significant potential in the market, identifying factors such as positive attitude of investors in 5G technology and higher penetration of the Internet and smart devices across the globe.
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This is the newest form of technology in the wireless arena of both, sub-6 GHz and mm Wave bands. The technology has the ability to provide seamless, uniform service to wireless terminals even in a high-mobility environment. Compared to conventional methods of MIMO technology, where only four, eight, or sixteen antennas are used to provide signals, massive MIMO provides effective service through its high number of antennas. The core competence of the technology consists of three key components – spatial diversity, spatial multiplexing, and beamforming.
In the last ten years, the world has become more globalized and this has happened only because of seamless connectivity among various regions irrespective of distance, geography, and demography. Adoption of the Internet has increased rapidly, wherein, currently, 6 out of 10 people in the world have access to the Internet.
The future is moving towards automation, self-driving technology, data-driven analytics, and IoT from home to space rockets. All these factors increase demand for high-speed Internet, and massive MIMO technology is likely to harness the potential of 5G to its zenith.
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Key Takeaways from Market Study
- Fact.MR estimates that massive MIMO revenue will grow 10X, reaching nearly US$ 71 Bn in 2031.
- As per Fact.MR’s massive MIMO industry insights, global market revenue is likely to total US$ 7 Bn in 2021.
- Demand for massive MIMO for IoT and 5G use is likely to accelerate at the highest pace.
- Residential massive MIMO is likely to increase its share by 40% by 2031.
“5G technology rollout is likely to fuel advancements in automation, high-speed Internet, and seamless data transfer. Massive MIMO systems are poised to be the growth engine for the same,” says a Fact.MR analyst.
Key Companies Profiled
- Nokia Corporation
- ZTE Corporation
- Huawei Technologies Co., Ltd.
- Xilinx, Inc.
- Samsung Electronics Co., Ltd.
- Deutsche Telekom
Major Segments Covered in Massive MIMO Industry Research
- FDD (Frequency Division Duplex)
- TDD (Time Division Duplex)
- LTE advance pro
By End User
- Telecom Industry
- IT & Services
- Aerospace Industry
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