PUBLISHER: Lucintel | PRODUCT CODE: 1356632
PUBLISHER: Lucintel | PRODUCT CODE: 1356632
Monolithic Microwave IC (MMIC) Trends and Forecast
The future of the global monolithic microwave IC (MMIC) market looks promising with opportunities in the consumer/enterprise electronic, wireless communication infrastructure, automotive, aerospace & defense, CATV and wired broadband, and test and measurement markets. The global monolithic microwave IC (MMIC) market is expected to reach an estimated $17.9 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are growing demand of MMICs in the smartphone industry, rising defense spending to upgrade their defense inventories, and increasing adoption of next-generation warfare techniques.
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Monolithic Microwave IC (MMIC) by Segment
The study includes a forecast for the global monolithic microwave IC (MMIC) by material type, technology, frequency band, application, and region.
Monolithic Microwave IC (MMIC) Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
Monolithic Microwave IC (MMIC) Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Monolithic Microwave IC (MMIC) Market by Frequency Band [Shipment Analysis by Value from 2018 to 2030]:
Monolithic Microwave IC (MMIC) Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Monolithic Microwave IC (MMIC) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Monolithic Microwave IC (MMIC) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies monolithic microwave IC (MMIC) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the monolithic microwave IC (MMIC) companies profiled in this report include-
Monolithic Microwave IC (MMIC) Market Insights
Lucintel forecast that hemt is expected to witness highest growth over the forecast period.
Within this market, consumer electronics will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Monolithic Microwave IC (MMIC) Market
Market Size Estimates: Monolithic microwave IC (MMIC) Market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Monolithic microwave IC (MMIC) market size by material type, technology, frequency band, and region. in terms of value ($B).
Regional Analysis: Monolithic microwave IC (MMIC) Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material type, technology, frequency band, and region.s for the monolithic microwave IC (MMIC) market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the monolithic microwave IC (MMIC) market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the monolithic microwave IC (MMIC) market size?
Answer: The global monolithic microwave IC (MMIC) market is expected to reach an estimated $17.9 billion by 2030.
Q.2. What is the growth forecast for monolithic microwave IC (MMIC) market?
Answer: The global monolithic microwave IC (MMIC) market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the monolithic microwave IC (MMIC) market?
Answer: The major drivers for this market are growing demand of MMICs in the smartphone industry, rising defense spending to upgrade their defense inventories, and increasing adoption of next-generation warfare techniques.
Q.4. What are the major segments for monolithic microwave IC (MMIC) market?
Answer: The future of the global monolithic microwave IC (MMIC) market looks promising with opportunities in the consumer/enterprise electronic, wireless communication infrastructure, automotive, aerospace & defense, CATV and wired broadband, and test and measurement markets.
Q.5. Who are the key monolithic microwave IC (MMIC) market companies?
Answer: Some of the key monolithic microwave IC (MMIC) companies are as follows:
Q.6. Which monolithic microwave IC (MMIC) market segment will be the largest in future?
Answer: Lucintel forecast that hemt is expected to witness highest growth over the forecast period.
Q.7. In monolithic microwave IC (MMIC) market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.