The global Monolithic Microwave IC (MMIC) Market has experienced significant growth. The market had a value of USD 9.7 billion in 2022 and is expected to grow at a rate of USD 17.0 billion by 2027. During the predicted period, which runs from 2022 to 2027, this tremendous expansion is characterised by a Compound Annual Growth Rate (CAGR) of 11.9%.

The rising need for parts like power amplifiers, Low-Noise Amplifiers (LNA), and switches across numerous applications, including automotive and aerospace and defence (A&D), is fueling the expansion of the MMIC market. Additionally, the market is expanding rapidly as a result of improvements in material types like Gallium Arsenide (GaAs), Indium Phosphide (InP), and Gallium Nitride (GaN), as well as developing technologies like Metal-Semiconductor Field-Effect Transistor (MESFET) and High Electron Mobility Transistor (HEMT). The importance of MMIC technology in allowing novel and high-frequency applications across several industries is highlighted by this increase.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=86745565

Numerous important factors are supporting the MMIC (Monolithic Microwave IC) market's expansion. First of all, the market for smartphones is experiencing a surge in demand for MMICs because these parts are essential for improving the functionality of mobile devices, especially in terms of data transmission and reception. Second, in order to fulfil the expanding bandwidth needs of cellular and wireless networks, the adoption of the E band, a high-frequency range, is becoming more popular. This transition to higher frequency bands is necessary to accommodate the continually growing data requirements of contemporary communication systems.

Ka band segment to account for the largest share of MMIC market during the forecast period

During the projected period, it is anticipated that the Ka band segment will dominate the MMIC (Monolithic Microwave IC) market in terms of market share and growth rate. This popularity is a result of the Ka band's adaptability and effectiveness, which have led several satellite operators to favour it. It has been positioned as a low-cost, high-performance choice because to its extensive applicability in broadband services and cheap bandwidth cost. In comparison to other frequency bands, the Ka band offers lower congestion and excellent download and upload rates. Additionally, it is anticipated that the majority of 5G network deployments would take place in the Ka band, which will help this market segment's growth prospects.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/monolithic-microwave-ic-market-86745565.html

Wireless communication infrastructure application is expected to grow with the highest CAGR in MMIC market during the forecast period

The MMIC (Monolithic Microwave IC) market is predicted to experience significant growth throughout the forecast period, with the wireless communication infrastructure segment expected to show the highest Compound Annual Growth Rate (CAGR). MMICs are essential in addressing the requirements of microwave backhauls, a crucial part of the infrastructure for wireless communication. The deployment and growth of wireless infrastructure is rising internationally as a result of the constant demand for carrier frequencies to provide high-quality wireless communication services. In the MMIC market, the wireless communication infrastructure segment has grown significantly due to the spike in demand for improved wireless communication, which is facilitated by MMIC technology.

North America to account for the second largest share MMIC market during the forecast period

During the projection period, North America is anticipated to hold the second-largest market share for MMICs (Monolithic Microwave ICs). This importance is attributable to a number of important factors, including the existence of significant industry players with North American headquarters like Qorvo, Inc., MACOM Technology Solutions Holdings, Inc., and Skyworks Solutions, Inc. The pHEMT (Pseudomorphic High Electron Mobility Transistor), E-pHEMT, and mHEMT technologies have also seen significant adoption in the region, contributing to the expansion of the MMIC market. Private equity investments have also been concentrated in the North American region, which has helped the sector grow steadily.

Some of the key companies in the MMIC market are Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), MACOM Technology Solutions Holdings, Inc. (US), Qorvo, Inc. (US), Skyworks Solutions, inc. (US), Infineon Technologies AG (Germany), Mini-Circuits (US), OMMIC (France), WIN Semiconductors Corp. (Taiwan), United Monolithic Semiconductors (UMS) (France), ON Semiconductor Corporation (onsemi) (US), Microarray Technologies Corporation Limited (China), VectraWave (France), BeRex Co., Ltd. (South Korea), Wolfspeed, Inc. (US), MicroWave Technology, Inc. (MwT) (US), ASB Inc. (South Korea), Texas Instruments (US), Northrop Grumman Corporation (US), Toshiba Infrastructure Systems and Solutions Corporation (Japan), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), and Arralis (Ireland) are the major players operating in the MMIC market.

News Covered:

https://www.prnewswire.com/news-releases/monolithic-microwave-ic-market-worth-17-0-billion-by-2027--exclusive-report-by-marketsandmarkets-301556515.html

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com