The global Monolithic Microwave Integrated Circuits Market , or MMICs, has grown significantly and is expected to reach a valuation of USD 9.7 billion by 2022. A research analysis published by MarketsandMarkets projects that this market will continue to grow, with a strong compound yearly growth rate (CAGR) of 11.9% expected to reach USD 17.0 billion by 2027. The report covers the period from 2022 to 2027.

Power amplifiers, low-noise amplifiers (LNA), switches, and other material types like gallium arsenide (GaAs), indium phosphate (InP), and gallium nitride (GaN) are all covered in detail in this paper. It also looks at various technologies, applications, and frequency bands that are related to the automotive, aerospace, and defence (A&D) industries.

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Numerous important factors are driving the Monolithic Microwave IC (MMIC) market's growth. The primary driver of market expansion for MMICs is the smartphone industry's soaring demand for these chips due to its requirement for improved connection and performance. Further driving market expansion is the E band spectrum's adoption to meet the growing bandwidth needs of cellular and wireless networks. The need for MMICs is also largely driven by the rising defence spending of different nations to update its armaments, especially in the aerospace and defence industries. The demand for MMICs is further increased by the expanding use of next-generation warfare tactics, which mostly rely on sophisticated electronic systems and communication technologies. This solidifies MMICs' status as crucial parts of contemporary defence systems. All these elements work together to support the MMIC market's strong expansion.

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Ka band segment to account for the largest share of MMIC market during the forecast period

With the fastest growth rate and greatest market share, the Ka band category is expected to lead the Monolithic Microwave IC (MMIC) market throughout the forecast period. Due to its favourable qualities, the Ka band has been a popular option for many satellite operators. Notably, its broad adaptability for broadband services and inexpensive bandwidth cost play a major role in its appeal. The Ka band, which is very efficient, provides faster upload and download speeds along with less congestion as compared to other frequency bands. Moreover, the upcoming worldwide rollout of 5G technology is expected to make use of the Ka band spectrum, which will support its growth trajectory even more.

Wireless communication infrastructure application is expected to grow with the highest CAGR in MMIC market during the forecast period

In the Monolithic Microwave IC (MMIC) market, the wireless communication infrastructure segment is expected to develop at the fastest compound annual growth rate (CAGR) over the forecast period. MMICs are crucial in meeting the requirement for microwave backhauls, which are necessary for wireless networks. Global expansion in the wireless infrastructure market is anticipated as a result of the spike in demand for carrier frequencies needed to provide high-quality wireless communication services. The demand for MMICs within the wireless communication infrastructure segment is expected to rise as technological advancements continue to enable higher data speeds and increased network capacity, highlighting their crucial role in enabling smooth and effective wireless communication networks.

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North America to account for the second largest share MMIC market during the forecast period

In the Monolithic Microwave IC (MMIC) industry, North America is the second-largest market over the forecast period. This prominence is explained by the existence of important industry players with regional headquarters, such as Qorvo, Inc., Skyworks Solutions, Inc., and MACOM Technology Solutions Holdings, Inc. Robust private equity investments and the quick adoption of cutting-edge technologies like mHEMT, E-pHEMT, and pHEMT are driving the market's consistent expansion. North America is at the forefront of several technical developments, such as the increasing use of smartphones, the impending rollout of 5G infrastructure, the current and next space programmes, and the development of the ecosystem of linked vehicles.

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), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), and Arralis (Ireland) are the major players operating in the MMIC market.

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