Press release
Monolithic Microwave IC Market Size, Trends, Scope, Growth, Outlook 2024-2033
Monolithic Microwave IC Market
The Business Research Company offers in-depth market insights through Monolithic Microwave IC Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The monolithic microwave ic market size has grown rapidly in recent years. It will grow from $9.91 billion in 2023 to $11.16 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to wireless communication evolution, satellite communication, rising demand for broadband services, defense and aerospace applications, medical imaging application.
The monolithic microwave ic market size is expected to see rapid growth in the next few years. It will grow to $17.19 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to increased bandwidth requirements, environmental sensing and weather monitoring, energy efficiency solutions, iot connectivity, smart cities initiatives, industrial automation, rapid urbanization. Major trends in the forecast period include eco-friendly manufacturing, integration with ai , technological advancements in silicon photonics, integration with machine learning, advanced packaging technologies.
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Market Segmentation:
The monolithic microwave ic market covered in this report is segmented -
1) By Component: Power Amplifiers, Low-noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, Voltage-controlled Oscillators, Frequency Multipliers
2) By Type of Material: Gallium Arsenide, Indium Phosphide, Indium Gallium Phosphide, Silicon Germanium, Gallium Nitride
3) By Frequency Band: W Band, V Band, L Band, Ka Band, S Band, K Band, C Band, Ku Band, X Band
4) 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
5) By Application: Consumer Or Enterprise Electronics, Wireless Communication Infrastructure, Automotive, Aerospace And Defense, CATV And Wired Broadband, Test And Measurement, Other Applications
Major Driver - Rising Defense Expenditure Propels Expansion Of The Monolithic Microwave Ic Market
Increased defense spending is expected to propel the growth of the monolithic microwave IC market going forward. 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). For instance, in April 2022, according to the Stockholm International Peace Research Institute, a Sweden-based independent resource on global security, world military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion. Total global military expenditure increased by 0.7% in real terms in 2021 to reach $2,113 billion. Therefore, increased defense spending is driving the growth of the monolithic microwave IC market.
Competitive Landscape:
Major companies operating in the monolithic microwave ic market report 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., WIN Semiconductors Corp., RFHIC Corporation, Mini-Circuits, Arralis Ltd., United Monolithic Semiconductors GmbH, Astra Microwave Products Limited, Advantech Wireless Technologies Inc., STMicroelectronics N.V., ASB Inc., Marki Microwave Inc., AMCOM Communications, Silicon Radar GmbH, Aelius Semiconductors Pte Ltd, E-Band Communications LLC, Guerrilla RF Inc.
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Top Trend - Key Players Unveils Cutting-Edge Technologies To Revolutionizing Monolithic Microwave Ic Market
Product innovation is a key trend gaining popularity in the monolithic microwave IC market. 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.
The Table Of Content For The Market Report 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. Monolithic Microwave IC Market Size And Growth
…..
27. Monolithic Microwave IC Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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