**Abstract**

Due to the rapid development of wireless communication applications, the study of Multiple Input Multiple Output (MIMO) communication systems has gained comprehensive research activities since it can significantly increase the channel capacity and link reliability without sacrificing bandwidth and/or transmitted power levels. Researchers tend to evaluate the performance of their MIMO antenna arrays using various channel modeling tools. These channel models are mainly categorized into either deterministic channels based on Ray Tracing (RT) tools or Stochastic Channel Models (SCM). In this chapter, we compare these two categories in terms of the MIMO channel capacity using a complete description of the antennas at the transmitting and receiving ends in terms of 3D polarimetric radiation patterns and scattering parameters. The performance is evaluated for 5G New Radio (NR) Enhanced Mobile Broadband (eMBB) and Ultra-Reliable Low-Latency Communication (URLLC) services and Vehicle-to-Everything (V2X) systems using state-of-theart commercial SCM and RT tools to provide information regarding the capabilities and limitations of each approach under different channel environments and the Quality of Experience (QoE) for high data rate and low latency content delivery in the 5G NR sub-6GHz mid-band Frequency Range-1 (FR1) N77/N78 bands.

**Keywords:** MIMO, channel capacity, ray tracing channel modeling, stochastic channel modeling, 5G, V2V, V2X
