According to a new market report published by Transparency Market Research titled “Massive MIMO Technology Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the Massive MIMO technology market is expected to reach US$ 20,852.2 Mn by 2026 and is projected to expand at a CAGR of 39.5%from 2018 to 2026. According to the report, the market is expected to be influenced by a range of factors such as excellent spectral efficiency and energy efficiency provided by solutions, and improved SNR and link reliability. Significant improvement in spectral efficiency is achieved by spatial multiplexing the number of terminals in the same time-frequency resource. Spatial filtering or beamforming technology allows radio signals to be focused on specific user devices in a particular area of demand. Advanced beamforming improves spectral efficiency significantly by providing better call quality at the edge with improved signal accuracy. Beamforming increases the number of users that can be served simultaneously without needing extra spectrum resources. Further, there are already strategies and projects in place for smart cities, self-driving cars are on the horizon, social media has grown at a vast scale, and Internet of Things (IoT) devices and solutions are taking off. Significant adoption of 4G LTE in all these arenas is generating tremendous amounts of data and the expected launch of 5G is poised to connect billions of devices in the coming years. Additionally, market players are focused on R&D for the development of innovative and technologically advanced massive MIMO technology related products. These technologically advanced products are expected to help companies in expanding their business worldwide.
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64T64R antenna types are expected to be more lucrative for the Massive MIMO technology market
In terms of antenna type, the Massive MIMO technology market is bifurcated into 8T8R, 16T16R & 32T32R, 64T64R, and 128T &128R and above. Many companies in various regions are using 64T64R type of antennas for testing and deployment purpose. Further, global leading network providers are upgrading their existing infrastructure with 5G-ready 64T64R antenna solutions which can support both existing and 5G networks.
This post was originally published on Commerce Gazette