Massive MIMO Market Size and Share

Massive MIMO Market Summary
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Massive MIMO Market Analysis by Mordor Intelligence

The massive MIMO market stood at USD 6.53 billion in 2025 and is projected to expand to USD 32.51 billion by 2030, reflecting a vigorous 37.85% CAGR that confirms the technology’s strategic importance for 5G roll-outs.[1]Fredrik Jejdling, “Ericsson Mobility Report 2025,” ericsson.comSteady operator migration from broad-coverage roll-outs toward capacity-oriented urban deployments is amplifying demand, because beamforming increases spectral efficiency and lifts average revenue per user. The massive MIMO market receives additional momentum from an installed base headed toward 8.3 billion global 5G subscriptions by 2029, greater adoption of private 5G networks, and policy support for Open RAN architectures that encourage multi-vendor ecosystems. Hardware vendors are also moving to higher-order 128T128R and 512T512R arrays, which multiply throughput per site, while operators deploy AI-native energy-saving software to meet net-zero goals. Emerging industrial IoT and fixed-wireless-access use cases add incremental site demand, ensuring that the technology remains the backbone of network densification strategies over the forecast period.

Key Report Takeaways

  • By technology, 5G NR Sub-6 GHz accounted for 58% revenue in 2024, while the 5G NR mmWave segment is forecast to grow at a 39.8% CAGR through 2030.
  • By antenna configuration, 64T64R systems captured 39% of the massive MIMO market share in 2024, whereas 128T128R and above arrays are poised to expand at a 41.2% CAGR to 2030.
  • By deployment model, centralized C-RAN held 46% revenue share in 2024, yet Open RAN is projected to rise at a 38.5% CAGR between 2025 and 2030.
  • By architecture, TDD solutions commanded 50% revenue in 2024 and are set to register a 38.25% CAGR through 2030.
  • By end user, mobile-network operators controlled 74% of the massive MIMO market size in 2024, while enterprise and private-network deployments are advancing at a 38% CAGR to 2030.
  • By geography, North America led with 40% revenue share in 2024, whereas Asia Pacific is projected to grow fastest at a 37.89% CAGR through 2030.

Segment Analysis

By Technology: mmWave Gains Momentum Despite Sub-6 Dominance

5G NR Sub-6 GHz technology commanded 58% revenue in 2024 because its propagation traits support wide-area coverage and indoor penetration, making it the default option for early 5G launches. The segment benefited from harmonized mid-band allocations across several regions, which streamlined device ecosystems and reduced radio costs. In contrast, 5G NR mmWave occupies only premium use cases today, but its 39.8% CAGR indicates accelerating take-up in fixed wireless access and stadium hotspots. The massive MIMO market size for mmWave is projected to widen significantly as operators replicate the 14 km rural link success in Australia, proving high-frequency economics for non-urban broadband.

The Sub-6 layer nevertheless remains essential for control-plane anchoring, giving carriers a balanced spectrum strategy that marries coverage and capacity. Reliance Jio’s AirFiber trials show mmWave FWA cutting last-mile rollout times compared with fiber. Japan’s private 5G licensing landscape still favors Sub-6, but early mmWave projects in warehouses hint at forthcoming diversification. Once device costs fall and propagation enhancements mature under 5G-Advanced, the mmWave share should climb, contributing a rising portion of the massive MIMO market revenue through 2030. 

Massive MIMO Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Antenna Type: Advanced Configurations Drive Innovation

64T64R panels held 39% volume share in 2024 by balancing high cell-edge throughput with manageable weight and power draw. Operators favor this format when upgrading macro sites in dense metros because installation requires minimal structural reinforcement. The 128T128R and larger class will register a 41.2% CAGR as vendors improve heat-sink efficiency and as AI tools mitigate beam calibration overhead. Research at Georgia Tech demonstrates receiver architectures that support substantial element counts across 27-41 GHz bands, signaling practical viability for extremely large-scale arrays.

As applications migrate toward XR and industrial robotics, demand for consistent multi-gigabit throughput climbs, prompting carriers to test 256-element prototypes. The massive MIMO market size for 128T128R systems is projected to reach USD 11.9 billion by 2030, equal to 36.6% of overall sales. Qualcomm’s 4,096-element Giga-MIMO concept underlines the runway for step-function capacity gains, although commercial adoption is likely after 2028 when power-amplifier efficiency improves. Near-term, 32T32R arrays still serve rural and cost-sensitive deployments where tower loading limits preclude heavier panels, preserving a multi-tier market structure. 

By Deployment Type: Open RAN Disrupts Traditional Models

Centralized C-RAN absorbed 46% of 2024 deployments because pooling baseband resources cuts capital expenditure and simplifies version control across clusters. Operators with dense fiber backhaul find virtualized centralized sites straightforward to scale, especially when automating slice management. Still, the Open RAN segment will post a 38.5% CAGR through 2030 as policymakers and tier-1 carriers promote multi-vendor supply resilience. The U.S. military’s 800-base program alone creates a large addressable massive MIMO market for radios certified to O-RAN specifications.

Dell and Ericsson’s collaboration on Cloud RAN illustrates convergence: established suppliers now incorporate disaggregation while retaining performance parity with integrated alternatives. Samsung anticipates 53,000 commercial vRAN sites by 2025, proving that virtualized radios can satisfy live-traffic reliability benchmarks. Centralized and distributed models thus coexist; latency-critical applications such as remote surgery may favor edge-hosted processing, whereas cost-centric rural deployments embrace pooled compute for economies of scale. The massive MIMO market revenue split will therefore evolve toward a roughly one-third share for Open RAN by 2030.

By Architecture: TDD Dominance Reflects Spectrum Realities

TDD systems represented 50% sales in 2024 and are forecast to post a 38.25% CAGR, a trajectory driven by global mid-band allocations in 2.5 GHz, 3.5 GHz, and 4.9 GHz ranges. Reciprocity between uplink and downlink halves sounding overhead, allowing precise beamforming without dedicated feedback channels. FDD massive MIMO nevertheless retains a niche where low-band coverage fills indoor gaps or where regulators have not refarmed paired spectrum. Huawei’s 32T32R FDD portfolio shows sustained vendor innovation for carriers locked into legacy allocations.

Hybrid duplex options emerge under 5G-Advanced, which aggregates TDD mid-band with FDD low-band to boost cell-edge rates. Such flexibility helps operators maximize spectrum utilization across diverse holdings, expanding the addressable massive MIMO market share for dual-mode radios. As auctions release additional upper-mid frequencies, TDD’s cost advantage will persist, yet FDD adoption will follow where coverage obligations dominate national broadband agendas.

Massive MIMO Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By End-user Application: Enterprise Adoption Accelerates

Mobile network operators commanded 74% market revenue in 2024; public macro networks remain the primary channel for massive MIMO shipments. However, enterprise and private-network demand is rising at a 38% CAGR as factories, ports, and logistics hubs pursue deterministic wireless connectivity. Cummins’ U.S. plant is now covered by a Verizon neutral-host network that leverages 64T64R radios to support both corporate LTE and private 5G slices.

China’s target of 10,000 smart factories by 2027 illustrates the scale potential, while Europe’s energy-intensive process industries value beamforming for enhanced reliability in high-EMI settings. Public safety agencies also migrate mission-critical voice to broadband, requiring multi-layered massive MIMO coverage. The massive MIMO market size tied to enterprise applications is expected to surpass USD 5.4 billion by 2030, aided by simplified equipment-as-a-service models that lower entry costs. Vendors now bundle AI orchestration platforms to automate QoS enforcement, a prerequisite for Industry 4.0 adoption. 

Geography Analysis

North America generated 40% of global revenue in 2024 on the back of aggressive C-band roll-outs, enterprise FWA adoption, and favorable policy toward Open RAN. Verizon plans USD 17.5-18.5 billion in 2025 capital outlays, a sizable share earmarked for 64T64R sector upgrades that keep per-subscriber throughput competitive. Canada’s TELUS is partnering with Samsung to deploy the first nationwide virtualized RAN, underscoring regional appetite for software-defined radios. FCC reforms around 70/80/90 GHz backhaul and 37 GHz sharing further broaden mmWave business cases for rural broadband.

Asia Pacific is the fastest-growing territory, forecast at 37.89% CAGR to 2030 as China surpasses 4.4 million 5G sites by March 2025 and commits to 4.5 million additional base stations within the year. India reached nationwide 5G coverage in late 2024, with Reliance Jio responsible for 85% of active cells, creating a sizable procurement funnel for 32T32R and 64T64R radios. Government programs such as Bharat 6G emphasize indigenous R&D, potentially reshaping regional vendor shares. China Unicom’s 5G-Advanced coverage across 300 cities by end-2025 further raises antenna order volumes, providing economies of scale that exert downward price pressure globally.

Europe shows measured expansion as operators juggle capital efficiency and regulatory scrutiny over vendor diversification. Samsung and O2 Telefónica activated Germany’s first commercial vRAN site with 64T64R radios in 2024, signaling market willingness to test disaggregated stacks. Ericsson and MasOrange demonstrated an open programmable network in Spain, focusing on automation and energy optimization rather than raw capacity. Spectrum auctions in France and Italy favored contiguous 3.4-3.8 GHz blocks, reinforcing TDD dominance. The European massive MIMO market therefore emphasizes performance per watt and supply-chain resilience, supporting gradual but firm growth.

Massive MIMO Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Analysis on Important Geographic Markets
Download PDF

Competitive Landscape

Established infrastructure providers face rising competition as the massive MIMO market embraces open interfaces, AI-native optimization, and specialized enterprise use cases. Samsung became the 2024 global leader in virtualized RAN shipments, targeting 53,000 live sites by end-2025, and integrates cloud-native beamforming algorithms that lower energy draw by 16% on average. Ericsson saw a 5% annual sales dip but retained a robust software revenue stream from its Intelligent RAN services, underpinning recurring margins. Huawei posted 22% top-line growth to CNY 860 billion in 2024, buoyed by consumer devices but maintaining investment in ultra-large-scale arrays

Patent filings illustrate competitive priorities. Qualcomm’s recent disclosures on XR latency mitigation and link reliability underscore the pursuit of application-specific differentiation. ZTE reported revenue of CNY 121.30 billion in 2024 and highlighted AI integration across its 5G-Advanced portfolio, aiming at autonomous cell-edge optimization. Smaller specialists target white-space niches; Mavenir bundles containerized radios with private-network cores, while Airspan offers CBRS-band arrays for U.S. enterprises.

Open RAN tender wins are shifting leverage toward integrators skilled in multitier certification. AT&T’s multivendor roadmap, T-Mobile’s AI-RAN Innovation Center with NVIDIA, and Vodafone’s disaggregated pilots in Europe all intensify pressure on single-stack incumbents. Supply-chain risk around gallium nitride amplifiers could reorder vendor alliances; Western carriers may diversify toward Japanese or U.S. chipmakers to hedge geopolitical exposure. Overall, rivalry pivots on software intelligence, energy efficiency, and ecosystem openness rather than hardware price alone. 

Massive MIMO Industry Leaders

  1. Samsung Electronics Co. Ltd

  2. Huawei Technologies Co. Ltd

  3. Nokia Corporation

  4. ZTE Corporation

  5. Ericsson

  6. *Disclaimer: Major Players sorted in no particular order
Massive Multiple-input Multiple-output (MIMO) Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • June 2025: Inseego introduced the first 5G-Advanced FWA platform for T-Mobile Business, featuring network-slicing support aimed at SMEs lacking dedicated IT staff.
  • May 2025: CommScope posted Q1 2025 net sales of USD 1.11 billion, a 23.5% rise year-on-year, driven by data-center growth and Ruckus small-cell shipments
  • March 2025: Ericsson, NBN Co, and Qualcomm extended 5G mmWave range to 14 km with multi-gigabit throughput for rural FWA in Australia.
  • March 2025: Qualcomm revealed the X85 5G Modem-RF with integrated AI, supporting 12.5 Gbps peak rates, and Viettel activated a live O-RAN massive MIMO site using the chipset.

Table of Contents for Massive MIMO Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging mobile-data traffic and device density
    • 4.2.2 Rapid global roll-out of 5G NR (Sub-6 GHz and mmWave)
    • 4.2.3 Operator CAPEX savings via beam-forming efficiency
    • 4.2.4 Open-RAN catalysts enabling multi-vendor mMIMO
    • 4.2.5 AI-assisted cell-edge beam-optimization
  • 4.3 Market Restraints
    • 4.3.1 High unit cost and power-consumption of RF front-end
    • 4.3.2 Complex site-level deployment and maintenance
    • 4.3.3 Semiconductor-grade gallium nitride (GaN) supply risk
    • 4.3.4 EMF-exposure and urban footprint opposition
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Technology
    • 5.1.1 LTE (4G)
    • 5.1.2 5G NR Sub-6 GHz
    • 5.1.3 5G NR mmWave
  • 5.2 By Antenna Type
    • 5.2.1 16T16R
    • 5.2.2 32T32R
    • 5.2.3 64T64R
    • 5.2.4 128T128R and Above
  • 5.3 By Deployment Type
    • 5.3.1 Centralised (C-RAN)
    • 5.3.2 Distributed RAN
    • 5.3.3 Open RAN
  • 5.4 By Architecture
    • 5.4.1 Time-Division Duplex (TDD)
    • 5.4.2 Frequency-Division Duplex (FDD)
    • 5.4.3 Hybrid Duplex
  • 5.5 By End-user Application
    • 5.5.1 Mobile Network Operators
    • 5.5.2 Enterprises and Private Networks
    • 5.5.3 Public Safety and Defence
    • 5.5.4 Fixed Wireless Access (FWA)
  • 5.6 By Geography
    • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
    • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Rest of South America
    • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Russia
    • 5.6.3.5 Rest of Europe
    • 5.6.4 Asia Pacific
    • 5.6.4.1 China
    • 5.6.4.2 India
    • 5.6.4.3 Japan
    • 5.6.4.4 South Korea
    • 5.6.4.5 ASEAN
    • 5.6.4.6 Rest of Asia Pacific
    • 5.6.5 Middle East and Africa
    • 5.6.5.1 Middle East
    • 5.6.5.1.1 Saudi Arabia
    • 5.6.5.1.2 UAE
    • 5.6.5.1.3 Turkey
    • 5.6.5.1.4 Rest of Middle East
    • 5.6.5.2 Africa
    • 5.6.5.2.1 South Africa
    • 5.6.5.2.2 Nigeria
    • 5.6.5.2.3 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Samsung Electronics
    • 6.4.2 Ericsson
    • 6.4.3 Huawei
    • 6.4.4 Nokia
    • 6.4.5 ZTE
    • 6.4.6 Qualcomm
    • 6.4.7 Intel
    • 6.4.8 Texas Instruments
    • 6.4.9 Qorvo
    • 6.4.10 NEC
    • 6.4.11 Fujitsu
    • 6.4.12 CommScope
    • 6.4.13 Airspan Networks
    • 6.4.14 Mavenir
    • 6.4.15 Parallel Wireless
    • 6.4.16 Keysight Technologies
    • 6.4.17 Rohde and Schwarz
    • 6.4.18 Viavi Solutions
    • 6.4.19 Analog Devices
    • 6.4.20 Renesas

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the massive multiple-input multiple-output (Massive MIMO) market as global revenue from newly manufactured base-station radio units with more than sixteen active transceiver paths that are purpose-built for LTE-Advanced, 5G NR sub-6 GHz, or 5G NR mmWave macro deployments, together with the embedded control software and essential mounting accessories. According to Mordor Intelligence, this market is valued at USD 6.53 billion in 2025.

Scope Exclusions: We exclude smaller 8T8R radios, indoor Wi-Fi access points, passive antenna retrofit kits, and any recurring managed services linked to Massive MIMO rollouts.

Segmentation Overview

  • By Technology
    • LTE (4G)
    • 5G NR Sub-6 GHz
    • 5G NR mmWave
  • By Antenna Type
    • 16T16R
    • 32T32R
    • 64T64R
    • 128T128R and Above
  • By Deployment Type
    • Centralised (C-RAN)
    • Distributed RAN
    • Open RAN
  • By Architecture
    • Time-Division Duplex (TDD)
    • Frequency-Division Duplex (FDD)
    • Hybrid Duplex
  • By End-user Application
    • Mobile Network Operators
    • Enterprises and Private Networks
    • Public Safety and Defence
    • Fixed Wireless Access (FWA)
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Rest of South America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East and Africa
      • Middle East
        • Saudi Arabia
        • UAE
        • Turkey
        • Rest of Middle East
      • Africa
        • South Africa
        • Nigeria
        • Rest of Africa

Detailed Research Methodology and Data Validation

Primary Research

Mordor analysts interviewed network planners at operators across Asia-Pacific, North America, and Europe, plus antenna-design consultants and procurement advisers, to validate shipment run-rates, discount structures, and the pace at which 64T64R arrays displace 32T systems. These dialogues closed information gaps and refined assumptions on region-specific capex cycles.

Desk Research

We start with site counts, spectrum allocations, and traffic forecasts issued by the GSMA, ITU, and national regulators, which outline where Massive MIMO can be installed. Trade statistics, operator 10-Ks, and investor presentations narrow the price corridors, while news feeds from Dow Jones Factiva and patent traces in Questel let our team map vendor capacity announcements. Association white papers, academic journals, and customs data then ground reality checks on shipment flows. The sources listed are illustrative; many additional publications support data collection, validation, and clarification.

Market-Sizing & Forecasting

A top-down model translates active and scheduled 5G macro-sites into an addressable demand pool, which is balanced against sampled average-selling-price-times-volume checks from supplier conversations, producing a single view that blends top-down and bottom-up validation. Key variables include annual base-station builds, antenna-port growth per sector, technology mix shift toward 128T128R, spectrum-refarming milestones, and regional capital budgets. Multivariate regression, supported by scenario analysis where policy or supply shocks loom, projects the figures through 2030. Regional gaps are bridged with penetration ratios that benchmark comparable network densities.

Data Validation & Update Cycle

Before sign-off, outputs face anomaly scans, senior analyst review, and variance reconciliation against import data and listed vendor revenue splits. Models update each year, with rapid revisions triggered by spectrum auctions or material vendor guidance shifts, so clients receive the latest view.

Why Our Massive MIMO Baseline Commands Confidence

Published estimates often diverge because firms select differing scopes, pricing anchors, and refresh cadences.

Key gap drivers include whether indoor small-cell radios are counted, if refurbished hardware is included, how currency conversions are handled, and whether forecasts extend beyond committed operator capex.

Benchmark comparison

Market Size Anonymized source Primary gap driver
USD 6.53 B (2025) Mordor Intelligence
USD 11.24 B (2025) Global Consultancy A Adds service revenues and pre-5G MIMO, limited primary validation
USD 12.07 B (2024) Industry Journal B Uses vendor revenue allocation and includes indoor Wi-Fi
USD 4.80 B (2024) Regional Consultancy C Narrow geographic scope and conservative ASP assumptions

The comparison shows that Mordor's disciplined variable selection, yearly refresh, and direct expert validation deliver a balanced, transparent baseline that decision-makers can trust.

Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is driving the rapid expansion of the massive MIMO market?

Rising mobile-data traffic, operator pursuit of spectrum efficiency, and the global transition to 5G Standalone networks are the main catalysts, pushing the market toward a 37.85% CAGR through 2030.

How large will the massive MIMO market size be by 2030?

The massive MIMO market size is projected to reach USD 32.51 billion by 2030, up from USD 6.53 billion in 2025.

Which technology segment is growing fastest within the massive MIMO market?

5G NR mmWave radios are the fastest, forecast to expand at a 39.8% CAGR as operators adopt them for fixed wireless access and high-capacity hotspots.

Why is Asia Pacific the fastest-growing region for massive MIMO?

Massive nationwide 5G build-outs in China and India, government funding, and early moves toward 5G-Advanced give Asia Pacific a 37.89% CAGR outlook.

How does Open RAN influence vendor competition in the massive MIMO market?

Open RAN disaggregation lowers entry barriers, enabling specialized radio vendors to compete with incumbents and driving multi-vendor procurement, which accelerates innovation and price competition.

What are the main challenges restraining massive MIMO adoption?

High RF front-end costs linked to gallium nitride dependency and the complexity of site-level deployment, including calibration and maintenance, presently moderate uptake in cost-sensitive regions.

Page last updated on:

Massive MIMO Market Report Snapshots