Microwave Monolithic Integrated Circuits Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

Microwave Monolithic Integrated Circuits Market

The market for microwave monolithic integrated circuits is expected to develop at a compound annual growth rate (CAGR) of 12.2% between 2023 and 2033, reaching US$ 10,434.9 million in 2023 and US$ 33,090.3 million by that time.

The demand for microwave monolithic integrated circuits is expected to rise between 2023 and 2033 since they are mostly utilised in government-sponsored operations related to military applications. Furthermore, improved microwave circuit construction for military systems was influenced by and made possible by advances in semiconductor technology. As a result, an increase in microwave monolithic integrated circuits’ market share is projected.

Microwave monolithic integrated circuits are expected to find greater applications in the commercial and consumer domains, leading to a rise in their worldwide sales.

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.

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 AmplifiersLow Noise AmplifiersAttenuatorsSwitchesPhase ShiftersMixersVoltage-controlled OscillatorsFrequency Multipliers), By Technology (MESFETHEMTpHEMTmHEMTHBTMOS), By Material Type (Gallium ArsenideIndium PhosphideIndium Gallium PhosphideSilicon GermaniumGallium Nitride), & region.

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

Unlock Strategic Knowledge: Get Instant Access to Our Detailed Report

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these