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Massive MIMO Market Expected to Reach $63.6 Billion, Globally, By 2032 at 36.5% CAGR: Allied Market Research
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The massive MIMO market is expected to witness notable growth owing to ease in deployment of massive MIMOs and adoption of 5G network technology. Moreover, the development of indoor massive MIMO is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, government network radiation rules limit the growth of telecom network.
By spectrum, the TDD segment held the highest market share in 2022, accounting for more than four-fifth of the global revenue and is estimated to maintain its leadership status during the forecast period. The expansion of TDD spectrum is driven by the need for faster data rates as well as the rise of data-intensive applications like streaming, online gaming, and augmented reality. As TDD can effectively assign time slots according to different types of data requirements, it is a good fit for handling the growing demand for capacity and bandwidth in wireless networks. However, the FDD segment is projected to attain the highest CAGR of 37.71% from 2023 to 2032.
By antenna array type, the 64T64R segment held the highest market share in 2022, accounting for more than three-fifth of the global massive MIMO market revenue and is estimated to maintain its leadership status during the forecast period, as increased capacity of the 64T64R antenna array becomes important in an era marked by the growth of IoT devices, smart infrastructure, and the constant need for high-bandwidth applications, such as augmented reality and 4K video streaming. In addition, the same segment is projected to attain the highest CAGR of 37.2% from 2023 to 2032.
By technology, the LTE advance pro segment held the highest market share in 2022, accounting for more than two-fifth of the global massive MIMO market revenue and is estimated to maintain its leadership status throughout the forecast period, high-volume data traffic may be sent effectively, dependably, and securely thanks to OTN, which also performs necessary tasks including multiplexing, forward error correction, and optical signal monitoring. In addition, the same segment is projected to attain the highest CAGR of 36.4% from 2023 to 2032.
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global telecom network infrastructure market revenue. This region is expected to witness the fastest CAGR of 35.37% from 2023 to 2032. The growth is primarily attributed to the high need for 32T32R and 64T64R antenna array type in the massive MIMO market. As a center of technology, the region has seen a rise in the use of small, effective power sources to sustain a wide range of massive MIMO.
The report provides a detailed analysis of these key players of the global massive MIMO market. These players have adopted different strategies such as product development and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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