Multiple Input Multiple Output (MIMO) Market, By Technology (LTE, 5G), By Type (Single Input Multiple Output (SIMO), Multiple Input Single Output (MISO), Multiple Input Multiple Output), By Application (Wi-Fi Hotspots, Smart Home Devices, Mobile Broadband Connections, Fixed Wireless Access, Smartphones, Others), By Antenna Type (Single User MIMO, Multi-User MIMO, Massive MIMO, Others), By End User (Telecom Operators, Automotive, Government, Healthcare, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Dec 2023

Code : CMI6187

Pages :160

Formats :

Excel and PDF

Industry : Information and Communication Technology

Multiple Input Multiple Output (MIMO) MarketSize and Trends

The multiple input multiple output (MIMO) market size is expected to reach US$ 21.98 Billion by 2030, from US$ 10.93 Billion in 2023, at a CAGR of 10.5% during the forecast period.

MIMO is a wireless technology that uses multiple transmitters and receivers to transfer more data at the same time. It offers higher throughput, extended coverage, improved link reliability, and increased capacity. The market is driven by the rising demand for high-speed data services. The multiple input multiple output (MIMO) market is segmented by technology, application, type, antenna type, end user, and region. By technology, the market is categorized into LTE and 5G.

Multiple Input Multiple Output (MIMO) Market Drivers:

Increasing Demand for High-Speed Data Services: The rising demand for seamless connectivity and high-speed data services is driving the adoption of MIMO technology. MIMO offers higher bandwidth and throughput to support data-intensive applications. According to Cisco forecasts, Global IP traffic grew 26% to 5.4 zettabytes in operation by 2021. Much of this traffic is now mobile, as people remain connected even when on the go.
Growth of Mobile Devices and Smartphone Penetration: With the ever-increasing number of mobile device users and the higher data throughput required for advanced smartphone features, MIMO is essential for meeting these connectivity demands...

Multiple Input Multiple Output (MIMO) Market Opportunities:

Deployment of 5G network: As telecom operators continue to deploy 5G networks, there is significant opportunity for MIMO technologies, which are integral to 5G standards. Massive MIMO, in particular, is expected to be widely adopted in 5G networks, offering opportunities for equipment manufacturers and service providers...

Multiple Input Multiple Output (MIMO) Market Trends:

Beam forming Techniques: Advanced beam forming is becoming more common in MIMO systems to enhance signal quality and data rates...
Integration with AI and Machine Learning: AI and machine learning algorithms are increasingly being used in MIMO systems to optimize network performance...

Recent Developments

New product launches

In February 2023, Nokia multinational telecommunications, information technology, and consumer electronics corporation, launched new AirScale massive MIMO 5G radios “Habrok” for telecom operators and enterprise networks.
In 2023, Huawei chinese multinational technology corporation introduced its 5G MIMO antenna solutions, such as BladeAAU and BookRRU for various scenarios to enable high performance 5G networks...