July 23, 2024

5G Network Technologies Driving Growth of Multiple Input Multiple Output (MIMO) Systems

The increasing demand for 5G network connectivity is driving growth of the Multiple Input Multiple Output (MIMO) market. As 5G networks require much higher data rates and bandwidth capacity than previous generations, MIMO technology allows telecom operators to meet these demands through improved spectral efficiency and link reliability. MIMO systems employ multiple antennae at both the transmitter and receiver to transmit independent data signals simultaneously over the same radio channel. This significantly boosts data throughput without requiring additional spectrum or transmit power.

MIMO technology supports applications such as high definition video streaming, virtual/augmented reality, drone connectivity and ultra-reliable low latency communications (URLLC). It enables 5G networks to deliver multi-Gbps peak data speeds to provide seamless connectivity for these bandwidth-intensive applications.

 The global MIMO market is estimated to be valued at US$ 10.93 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Massive MIMO utilizes an array of antennas—as many as 128 or more—to multiply available data channels. This allows telecom operators to boost 5G network capacity and coverage without having to install additional cell sites. Massive MIMO can deliver significantly higher throughput compared to traditional MIMO, especially in dense urban environments with many connected devices. Several major network equipment vendors are actively working with telecom carriers worldwide to deploy massive MIMO systems for 5G networks over the forecast period. Another key trend is the integration of MIMO into small cell networks to augment 5G capacity in indoor and high traffic areas.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as setting up a new business in this industry requires significant capital investment in R&D and infrastructure. However, companies can enter this market by acquiring existing businesses or through partnerships.
Bargaining power of buyers: The bargaining power of buyers is high as buyers have many options to choose from when it comes to MIMO technology providers. Buyers can negotiate on price and demand better services.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many component manufacturers for this industry. Switching costs are also low for suppliers.
Threat of new substitutes: The threat of new substitutes is moderate as new wireless technologies keep emerging but replacing existing MIMO infrastructure requires huge investments.

Competitive rivalry: Competition in the market is high as key players continuously invest in R&D to develop new products and gain market share. Players also adopt strategies like partnerships, mergers and acquisitions for growth.

Key Takeaways

The Global Multiple Input Multiple Output (MIMO) Market Size is expected to witness high growth. North America currently dominates the MIMO market due to large investments in 5G infrastructure by telecom operators in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to increasing mobile data traffic and deployment of 5G networks in major countries like China and India.

Regional analysis

North America has emerged as the largest MIMO market currently owing to heavy investments made by various telecom operators in the region for infrastructure development including 5G rollout plan across major cities and towns. The U.S. dominates the North American MIMO market.

Key players

Key players operating in the Multiple Input Multiple Output (MIMO) market are Qualcomm, Huawei, Intel, Samsung, Nokia, Ericsson, ZTE, NEC, Aviat Networks, Ceragon Networks, DragonWave, Comba Telecom, CommScope, Texas Instruments, NXP Semiconductors, Analog Devices, Broadcom, MediaTek, Murata Manufacturing, Qorvo. Qualcomm dominates the global MIMO solutions market.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it