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 Overall   Monolithic Microwave IC (MMIC) Market   is expected to grow from USD 7.7 billion in 2019 to USD 12.7 billion by 2024, at a CAGR of 10.6%. Factors such as the increased demand for MMICs from the flourishing smartphone industry; increasing adoption of E band to meet the growing bandwidth requirements of the space, defense, and wireless communication infrastructure sectors; and rising defense spending of countries, globally are driving the growth of the MMIC Market. Power amplifiers segment is expected to hold the largest share of the MMIC Market during the forecast period. Power amplifiers convert low-power radio frequency signals to high-power signals. These amplifiers are mostly used in transmitters of radio frequency-based communication systems for driving antennas. Most of the power amplifiers are designed taking into consideration a specific application producing a specific type of signal, signal modulation scheme, and a set of specifications such as frequency range, g