Semiconductor and Electronic Survey

The global   Monolithic Microwave Integrated Circuit (MMIC) Market   experienced rapid growth and was valued at USD 9.7 billion in 2022. Forecasts point to a sustained rising trend, with the market expected to reach USD 17.0 billion by 2027, exhibiting a strong Compound Annual Growth Rate (CAGR) of 11.9% for the 2022–2027 forecast period. The demand for components like power amplifiers, low noise amplifiers (LNA), and switches across a variety of applications including automotive and aerospace & defence (A&D) is rising, which is one of the factors contributing to the growth of the MMIC market. Further driving the market's growth are technological developments, such as the application of materials like gallium arsenide (GaAs), indium phosphate (InP), and gallium nitride (GaN), as well as breakthroughs in frequency bands like Ka, S, and X. These patterns highlight how important the MMIC market is to advancing technology and satisfying the changing needs of many indu...

As of 2022, the   Monolithic Microwave IC (MMIC) Market   was valued at USD 9.7 billion, and by 2027, it is expected to have grown to USD 17.0 billion. The strong expansion can be ascribed to a compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=86745565 A number of factors, such as the growing need for sophisticated components including switches, power amplifiers, and low noise amplifiers (LNA), are driving the industry. The market's growth is further aided by the use of several materials, including gallium arsenide (GaAs), indium phosphate (InP), and gallium nitride (GaN). Applications such as automotive and aerospace & defence (A&D) rely heavily on the frequency band and technology segments, which include the Ka, S, and X bands and the Metal-Semiconductor Field-Effect Transistor (MESFET) and High Electron Mobility Transistor (HEMT), respectively. In the MMIC industry, co...