Massive MIMO Technology Market Anticipated To Grow At An Exponential Rate In The Near Future

Technology

The global Massive MIMO technology market was valued at US$ 1,051.8 Mn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of more than 39% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Massive MIMO Technology Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Advancements in 4.5G technology, improved SNR (signal to noise ratio) and link reliability and expected launch of 5Gin 2019 are primary factors that are expected to boost the market during the forecast period. With significant advancements in wireless communication technologies, the world is becoming more connected. 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

Massive MIMO Technology Market

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Complex structure can hamper the growth of Massive MIMO technology market

The basic idea behind Massive MIMO framework is the use of multiple antenna arrays at base station to reduce error rate and increase efficiency which results in the overall system becoming more complex and large than traditional systems. The complex structure makes it difficult to diagnose the problems occurring in the Massive MIMO system. Furthermore, as a result of use of huge number of antenna systems and complexity, Massive MIMO systems are far more expensive than traditional antenna systems.

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