Quadintel recently published a new research report on the Monolithic Microwave IC Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Monolithic Microwave IC Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Monolithic Microwave IC Market is valued at approximately USD 8.67 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.9% over the forecast period 2022-2028.
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A monolithic microwave integrated circuit or MMIC is a type of incorporated circuit device that operates at microwave frequencies. This device is adopted to efficiently carry out functions like high-frequency switching, microwave mixing, low-noise amplification, and power amplification. Factors such as the surging demand for MMICs from the smartphone industry, growing adoption of the E frequency band, increasing use of next-generation warfare techniques, and rising spending in the defense sector to upgrade defense inventories are majorly driving the growth of the global market.
For instance, in 2021, the total number of smartphone subscriptions accounted for around 6,269 million subscriptions around the world and the figure is continuously growing and anticipated to reach nearly 7,690 million subscriptions by the year 2027. Therefore, the rapid proliferation of the smartphone is directly influencing the demand for the monolithic microwave IC, which, in turn, accelerates market growth across the globe. However, the high development costs of MMICs impede the growth of the market over the forecast period of 2022-2028. Also, the rising evolution of 5G technology and the growing need for wireless communication in the space and defense sector are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Monolithic Microwave IC Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the surging adoption rate of smartphones and rising shift toward high-speed mobile technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing expenditure on infrastructural development, as well as the rising utilization of mobile services such as social media, video, e-commerce, and financial services, would create lucrative growth prospects for the Monolithic Microwave IC Market across the Asia-Pacific region.
Major market players included in this report are:
- Analog Devices, Inc.
- NXP Semiconductors N.V.
- MACOM Technology Solutions Holdings, Inc.
- Qorvo, Inc.
- Skyworks Solutions, Inc.
- Infineon Technologies AG
- OMMIC
- WIN Semiconductors Corp.
- United Monolithic Semiconductors (UMS)
- ON Semiconductor Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Power Amplifiers
LNA
Attenuators
Switches
Mixers
Voltage-Controlled Oscillators
Frequency Multipliers
Others
By Technology:
Metal-Semiconductor Field-Effect Transistor
High Electron Mobility Transistor
Pseudomorphic High Electron Mobility Transistor
Enhancement-Mode Pseudomorphic High Electron Mobility Transistor
By Frequency Band:
L Band
S Band
C Band
Others
By End-Use:
Consumer Electronics
Automotive
Aerospace & Defense
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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