Expanding Telecommunication Sector Boosts the Monolithic Microwave IC Market to $17.0 Billion by 2027

1
MarketsandMarkets Presents
The Global 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.
2
MarketsandMarkets Presents
Ka band segment to account for the largest share
of MMIC market during the forecast period The Ka
band segment is expected to hold the largest
market share and highest growth rate during the
forecast period. The Ka band has become the band
of choice for several satellite operators due to
its low bandwidth cost and wide applicability in
broadband services. It is highly efficient, has
low bandwidth cost, provides high download and
upload speeds, and is less congested as compared
to other bands. Moreover, the deployment of 5G
across the world is expected to take place in the
Ka band, thereby fueling the growth of this
segment. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id86745565
3
MarketsandMarkets Presents
Wireless communication infrastructure application
is expected to grow with the highest CAGR in MMIC
market during the forecast period The wireless
communication infrastructure segment is expected
to witness the highest CAGR during the forecast
period. MMICs cater to the requirement for
microwave backhauls. The rise in demand for
carrier frequencies to provide high-quality
wireless communication is expected to contribute
to the increased demand for wireless
infrastructure across the world. Speak to
Analyst _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id86745565
4
MarketsandMarkets Presents
North America to account for the second largest
share MMIC market during the forecast
period North America is the second-largest market
during the forecast period. Major players in the
MMIC market such as Qorvo, Inc., MACOM Technology
Solutions Holdings, Inc., and Skyworks Solutions,
Inc. are based in the North American region. The
rapid adoption of new technologies such as pHEMT,
E-pHEMT, and mHEMT along with the presence of
major MMIC companies have resulted in the steady
growth of the market in this region. Moreover,
the North American region is also leading in
terms of private equity investments. Browse For
More Details - https//www.marketsandmarkets.com/M
arket-Reports/monolithic-microwave-ic-market-86745
565.html
5
MarketsandMarkets Presents
Key Players 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
6
MarketsandMarkets Presents
About MarketsandMarkets 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. 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.
7
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/monolithic-microwave-ic.asp