by The Multiple Input Multiple Output (MIMO) technology uses multiple antennas at both the transmitter and receiver ends to enhance spectral efficiency, boost network capacity and throughput, and improve coverage. MIMO takes advantage of multipath propagation to increase data rate or spectral efficiency and improve link reliability without additional bandwidth or transmit power.
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:
MIMO exploits multipath propagation and signal interference to increase channel capacity without additional bandwidth or power. By using multiple antenna elements at both the transmitter and receiver, MIMO has ability to multiplicatively increase throughput over single-antenna technologies. This has made MIMO especially suitable for applications requiring high data rates such as mobile broadband. Additionally, MIMO also improves coverage by enhancing signal robustness to counter signal fading and interference. Going forward, 5G deployments relying on OFDM and MIMO are expected to further accelerate market growth over the forecast period.
SWOT Analysis
Strength: MIMO technology provides improved signal quality and higher data rates. It uses multiple antennae at both the transmitter and receiver ends to improve communication.
Weakness: MIMO deployment requires upgrades to existing network infrastructure and customer premises equipment, resulting in increased initial investment costs. Signal interference is also a challenge due to use of multiple antennae.
Opportunity: Rising demand for high speed mobile internet and proliferation of IoT devices is driving the need for advanced wireless communication technologies like MIMO. It can support next generation technologies such as 5G.
Threats: Stiff competition from other wireless technologies that aim to improve network performance. Delays in standards finalization could hamper commercial adoption of MIMO networks.
Key Takeaways
The Global Multiple Input Multiple Output (MIMO) Market Size is expected to witness high growth. MIMO improves wireless network capacity and performance by using multiple antennae for signal transmission and reception. It has emerged as a key technology for 5G networks to support applications requiring high data rates like VR/AR.
Regional analysis comprises Asia Pacific dominates the MIMO market currently due to widescale 5G deployment in countries like China and South Korea. North America is also a major regional market backed by early 5G commercialization in the US. Europe is adopting MIMO networks for smart city projects across major countries.
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. The leading players are investing in R&D to develop advanced MIMO solutions for 5G use cases. Strategic collaborations are also being carried out between infrastructure providers and chipset makers to fast track 5G deployments leveraging MIMO technology.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
