Monolithic Microwave IC Market 2020 Regional Trend & Growth Projections to 2025

High costs associated with the requirements of robust design of devices can hamper the growth of the monolithic microwave IC market to some extent. The technologies required for the development of these devices are generally developed by major manufacturers and will take time for new entrants to develop and manufacture these products. The other factor is the need for high investments and sophisticated technology for building 5G network infrastructure, limiting many countries from adopting the technology.

Monolithic Microwave IC Market by Component

• Power Amplifiers
• LNA
• Attenuators

Monolithic Microwave IC Industry by Material Type
• GaAs
• InP

Monolithic Microwave IC Market by Application

• Automotive
• A&D

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The space industry is integrating technologies, such as E-band, to improve the information transfer, creating the demand for higher bandwidths & frequencies and ensuing the market demand. E-band comprises radio frequencies, which are generally between 60 GHz to 90 GHz. This range of frequencies provides a highly improved wireless communication network. Multiple scanning beam antenna systems in satellites are being implemented with these devices for improving the functional capabilities as they offer a reduction in volume, power consumption, and cost. They can be used to achieve higher data rates and point-to-point communications, propelling the growth of the monolithic microwave IC market.

The smartphone industry is expected to contribute significantly to the growth of the monolithic microwave IC market. The smartphone industry has witnessed immense growth over the years with strong technology advancements and developments in the electronics industry with companies rapidly developing new products. Rapid growth in the number of smartphone users has created the need for highly capable wireless communication technologies as well as faster data transfers; hence, telecommunication organizations are shifting toward the adoption of these devices, driving the growth of the market.

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Asia Pacific is expected to be one of the key regions in the monolithic microwave IC market. The region has witnessed rapid growth in the consumer electronics industry, influencing the growth of wireless networks and infrastructures. China, South Korea, India, and Japan will be the key contributors for the growth of the market in the Asia Pacific region. China is one of the largest markets as well as manufacturers of electronics products particularly smartphones.

Some of the major players in the monolithic microwave IC market are NXP Semiconductors, Analog Devices, Maxim Integrated, United Monolithic Semiconductors, Infineon Technologies AG, WIN Semiconductors, and Microarray Technologies. The need for sophisticated technology developments in the market is making companies develop strategic partnerships & collaborations.

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