Press release
Monolithic Microwave IC Market Trends, Top Companies, Share, Growth And Forecast 2032
Monolithic Microwave IC Market
The Business Research Company's Monolithic Microwave IC Global Market Report 2023 identifies increased defense spending as the major driver for the monolithic microwave IC market's growth in the forecast period. Defense spending refers to the amount of money a government spends on military and defense-related expenses. Increased defense spending helps to develop advanced monolithic microwave integrated circuits that play a significant role in defense applications. MMICs are used for advanced RF and microwave applications like radar, munitions guidance, and electronic warfare (EW).
The global monolithic microwave IC market is expected to grow from $8.77 billion in 2022 to $9.91 billion in 2023 at a compound annual growth rate (CAGR) of 13%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The monolithic microwave IC market is expected to reach $15.39 billion in 2027 at a CAGR of 11.6%.
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Major competitors in the monolithic microwave IC market are Renesas Electronics Corporation, Mitsubishi Electric Corporation, Broadcom Inc., Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Northrop Grumman Corporation, Microchip Technology Inc., Skyworks Solutions Inc., Teledyne Technologies Incorporated, Qorvo Inc., VectraWave, Wolfspeed Inc., MACOM Technology Solutions Holdings Inc.
A key trend in the monolithic microwave IC market includes product innovation. Major companies operating in the monolithic microwave IC market are focused on innovating new products and solutions to sustain their position in the market. For instance, in November 2022, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, introduced the new CMOS transceiver MMIC CTRX8181 for automotive radar. The system provides a flexible platform approach for new software-defined vehicle designs and a scalable platform for various sensors, including corner, front, and short-range. The brand-new CTRX8181 transceiver provides the accurate object separation and detection required to safeguard vulnerable road users, such as cyclists, pedestrians, and motorcyclists. The transceiver's linearity and increased signal-to-noise ratio provide high system-level performance and robustness.
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The monolithic microwave IC market is segmented -
• By Component: Power Amplifiers, Low-noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, Voltage-controlled Oscillators, Frequency Multipliers
• By Type of Material: Gallium Arsenide, Indium Phosphide, Indium Gallium Phosphide, Silicon Germanium, Gallium Nitride
• By Frequency Band: W Band, V Band, L Band, Ka Band, S Band, K Band, C Band, Ku Band, X Band
• By Technology: Metal-Semiconductor Field-Effect Transistor, High Electron Mobility Transistor, Pseudomorphic High Electron Mobility Transistor, Enhancement-Mode Pseudomorphic High Electron Mobility Transistor, Metamorphic High Electron Mobility Transistor, Heterojunction Bipolar Transistor, Metal-Oxide Semiconductor
• By Application: Consumer Or Enterprise Electronics, Wireless Communication Infrastructure, Automotive, Aerospace And Defense, CATV And Wired Broadband, Test And Measurement, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the monolithic microwave IC market.
The Business Research Company's "Global Monolithic Microwave IC Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Monolithic Microwave IC Market Include:
1. Executive Summary
2. Monolithic Microwave IC Market Characteristics
3. Monolithic Microwave IC Market Trends And Strategies
4. Monolithic Microwave IC Market - Macro Economic Scenario
5. Global Monolithic Microwave IC Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Monolithic Microwave IC Market Competitive Benchmarking
33. Global Monolithic Microwave IC Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Monolithic Microwave IC Market
35. Monolithic Microwave IC Market Future Outlook and Potential Analysis
36. Appendix
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