With a compound annual growth rate (CAGR) of 12.2% from 2023 to 2033, the microwave monolithic integrated circuits market is projected to reach US$ 10,434.9 million in 2023 and US$ 33,090.3 million by 2033.
Because microwave monolithic integrated circuits are predominantly used to carry out government-sponsored operations connected to military applications, demand is predicted to increase between 2023 and 2033. Furthermore, advancements in semiconductor technology had an impact on and made it possible for military systems to construct better microwave circuits. Consequently, a rise in the market share of microwave monolithic integrated circuits is anticipated.
There are likely to be more uses for microwave monolithic integrated circuits in the consumer and commercial sectors, which will increase their global sales.
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Microwave monolithic integrated circuits enable effective satellite communication, airborne radar infrastructure, and other applications, broadening their application spectrum in communications, homeland security scanners, imaging, and sensors. As a result, these variables are expected to boost the size of the microwave monolithic integrated circuits market.
Microwave monolithic integrated circuits are expected to gain popularity due to their low-noise amplification and high-frequency switching capabilities. Moreover, they also offer reproducible performance, which is expected to improve microwave monolithic integrated circuits industry data in the forecast term.
In the microwave monolithic integrated circuits market analysis, Europe came in second behind North America, with a high share of 22% expected to be acquired during the projected period from 2023 to 2033.
Europe microwave in the progress of 5G technologies is expected to raise demand for Mave monolithic integrated circuits market trends due to MIC and growing data transfer rates.
Key Takeaways
- The market grew at a CAGR of 10.1% during the last five years.
- The microwave monolithic integrated circuits market in the United Kingdom is predicted to expand at a CAGR of 12.3% by 2033.
- In 2022, North America held a 28.8% market share.
- In 2022, Europe recorded a market share of 21.1%.
- India’s market is expected to develop at a CAGR of 16.6% in the forthcoming years.
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Competitive Landscape
The leading players in the microwave monolithic integrated circuits market are likely to expand the market to its peak in the future years to maximize revenue. For example,
- In November 2022, Infineon Technologies AG revealed the CTRX8181 RASIC CMOS transceiver MMIC, which could be used in vehicle radar systems to improve consistency, adaptability, and performance.
- The US Department of Defense (US) awarded MACOM Technology Solutions Holdings, Inc. a contract in April 2022 to create a high-power transmitter. The deal requires MACOM to develop a 45-Kilowatt Radio Frequency (RF) transmitter using novel Gallium Nitride (GaN) semiconductor and antenna beamforming methods.
Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global microwave monolithic integrated circuits market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights By Component (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, Voltage-controlled Oscillators, Frequency Multipliers), By Technology (MESFET, HEMT, pHEMT, mHEMT, HBT, MOS), By Material Type (Gallium Arsenide, Indium Phosphide, Indium Gallium Phosphide, Silicon Germanium, Gallium Nitride), & region.
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Market Segmentation
By Component:
- Power Amplifiers
- Low Noise Amplifiers
- Attenuators
- Switches
- Phase Shifters
- Mixers
- Voltage-controlled Oscillators
- Frequency Multipliers
By Technology:
- MESFET
- HEMT
- pHEMT
- mHEMT
- HBT
- MOS
By Material Type:
- Gallium Arsenide
- Indium Phosphide
- Indium Gallium Phosphide
- Silicon-Germanium
- Gallium Nitride
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
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