Semiconductor and Electronic Survey

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 i

The   MMIC Market   was valued at USD 9.7 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 11.9% during the forecast period from 2022 to 2027. The key factors driving the growth of the MMIC Market include increased demand for MMICs from the smartphone industry, the adoption of E band to meet the growing bandwidth requirements of cellular and wireless networks, increased defense spending of countries for the upgrade of their defense inventories, and the growing adoption of next-generation warfare techniques. Evolution of 5G technology and increase in the number of space programs worldwide are creating opportunities for the MMIC market. 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)