A new study on the global massive MIMO market has been recently added to the vast repository of Report Ocean. The report, titled “Massive MIMO Market By Technology (LTE Advance, LTE Advance Pro, and 5G), Array Type (16T16R, 32T32R, 64T64R, and Others), and Spectrum (TDD and FDD): Global Opportunity Analysis and Industry Forecast, 2020–2027” offers a detailed study of this market on the basis of its past and current performance.
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The global massive MIMO market is expected to expand tremendously over the next few years, thanks to the increasing uptake of 5G technology across the world. The ease of deployment and the technical superiority with higher number of antenna array and reduced usage of energy offered by massive MIMO are also projected to support the growth of this market in the near future.
Moreover, increasing awareness regarding the benefits of massive MIMO, such as low network congestions, minimized manpower, higher capacity, and beam-formation technology will add to this market as well. However, the higher utilization of FDD spectrum across the world, compared to TDD spectrum, may create hindrance in the growth trajectory of this market during the forecast period states the report.
Impact of Covid 19 on Global Massive MIMO Market
With the entire world fighting with the Coronavirus pandemic, the global massive MIMO market has also been hit to some extent. The economic downfall has affected the frequency of new product launches in this market. However, key companies are quite hopeful that, with situation getting under-control, they would be able to bounce back with same power.
Global Massive MIMO Market: Dynamics
In this report, the global massive MIMO market has been analyzed on the basis of the technology, array type, spectrum, and the region. Based on the technology, the market has been divided into LTE Advance, LTE Advance Pro, and 5G. The LTE Advance Pro segment leads the global market. Based on the spectrum, the market has been bifurcated into TDD and FDD. The TDD segment is projected to main dominant over the forecast period.
By the array type, the market has been classified into 16T16R, 32T32R, 64T64R, and others. The 64T64R segment has acquired the dominating position and is expected to continue to do so in the years to come. Based on the region, the market has been analyzed across North America, Europe, Asia Pacific, and LAMEA. Asia Pacific is predicted to lead the market, expanding at a significant growth rate during the period of the forecast.
Global Massive MIMO Market: Competitive Analysis
The leading players in the global massive MIMO key market are actively taking up various strategies, such as innovation, collaboration, partnership, and agreements to gain a competitive edge over their peers. The players profiled in this report are Ericsson, Huawei, NOKIA, SAMSUNG, ZTE, Verizon, Sprint, China Mobile, Airtel, and Deutsche Telekom.
- Based on the technology, the LTE Advance Pro segment leads the global market.
- Based on the array type, the 64T64R segment has acquired the dominating position and is expected to continue to do so in the years to come.
- Based on the spectrum, the TDD segment is projected to main dominant over the forecast period.
- In terms of the region, Asia Pacific is predicted to lead the market, expanding at a significant growth rate during the period of the forecast.
The global massive MIMO market is segmented into:
- LTE Advance
- LTE Advance Pro
By Array Type
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Latin America
- Middle East
Companies Mentioned in the Report
- China Mobile
- Deutsche Telekom
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