Market Highlights
Currently, there are various applications in mobile phones for mobile banking, social media, surfing the Internet, and others. Therefore, to receive and transfer a large amount of data without any disturbance with high speed, massive MIMO is used as a wireless medium for data communication. Massive MIMO is an upgraded version of MIMO with hundreds or even thousands of antennas and terminals. Massive MIMO systems work on inexpensive components that consume low power. It reduces latency by increasing the speed of data transmission. Massive MIMO Market is also used to increase the data rate and basic link signal to noise ratio.
The increase in the transmission of data from one end to another is growing as the ownership of smartphones is increasing. The smartphones have several applications to upload and download videos, photos, and other information. A large amount of data is transmitted with high speed at given time hence the massive MIMO is utilized to increase the rate of data transmission and reduce the latency. The factor that drives the adoption of Massive MIMO is reduced noise ratio of high signal by providing link reliability which further drives the market.
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Key players
The prominent players in the market of Massive MIMO are Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Verizon (US), Sprint (US), Airtel (India), China Mobile (China), and Deutsche Telekom (Germany) and among others.
Segmentation.
By technology, the market is segmented into LTE Advanced, LTE Advanced Pro, and 5G.
By application, the market is segmented into 8T8R, 16T16R & 32T32R, 64T64R, 128T128R & above.
By spectrum, the market is segmented into FDD, TDD, and others (FBMC, OFDM)
Regional Analysis
The global market for massive MIMO is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of massive MIMO market is studied for North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the massive MIMO market due to rapid advances in technology. Several telecom companies are also investing in the development of massive MIMO in the Asia-Pacific region. One of the major factors that is driving the massive MIMO market in Asia-Pacific is the increasing number of smartphone users resulting in the increased use of the Internet for data sharing. Additionally, various types of applications utilize the Internet as a source of information and communication. Therefore, the adoption of massive MIMO is done to increase the stability of communication, manage the data traffic, and increase transmission and reception speed in the region.
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Intended Audience
- Raw Material and Manufacturing Equipment Suppliers
- Device Manufacturers
- Telecom Infrastructure Vendors
- Technology Investors
- Research Institutes and Organizations
- Government and financial institutions
- Associations and Regulatory Authorities Related to Plant Maintenance
- Telecom Software Solution Providers
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