A recent report from www.researchandmarkets.com says the global market for Massive MIMO is projected to reach approximately $14.6 billion by 2026, growing at a CAGR of 44.8% over the analysis period. MIMO (multiple-input and multiple-output) is a technology that is designed to multiply a radio link’s capacity through the use of multiple transmission and receiving antennas for leveraging the capabilities of multi-path propagation.
LTE Advanced, one of the segments analyzed in the report, is projected to record a 37.5% CAGR and reach $9.2 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the LTE Advanced Pro segment is readjusted to a revised 47.1% CAGR for the next 7-year period.
China, the world’s second largest economy, is forecast to reach a projected market size of $3.3 billion by the year 2026, trailing a CAGR of 54.8% over the analysis period.