Monolithic Microwave IC (MMIC) Market

Global Monolithic Microwave IC (MMIC) Market Size, Trends & Analysis - Forecasts to 2027 By Component (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, Voltage-controlled Oscillators and Frequency Multipliers), By Type of Material (Gallium Arsenide, Indium Phosphide, Indium Gallium Phosphide, Silicon Germanium and Gallium Nitride), 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 and Metal-Oxide Semiconductor), By Frequency Band (L Band (1–2 GHz), S Band (2–4 GHz), C Band (4–8 GHz), X Band (8–12 GHz), Ku Band (12–18 GHz), K Band (18–27 GHz), Ka Band (27–40 GHz), V Band (40–75 GHz) and W Band (75–110 GHz)), By Application (Consumer/Enterprise Electronics, SATCOM (Satellite Communication), Wireless Communication Infrastructure, Automotive, Aerospace& Defence, CATV and Wired Broadband and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

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This report was recently updated on November 22 2022 with the latest and most recent market numbers

Global Monolithic Microwave IC (MMIC) Market Size

The Global Monolithic Microwave IC (MMIC) Market is projected to grow from USD 10.5 Billion in 2022 to USD 16.9 Billion in 2027 at a CAGR value of 10.5% from 2022 to 2027.

The monolithic microwave circuit is a dimensionally small - 1 mm² to 10 mm² - integrated circuit (IC) wherein a microwave functional circuit is fabricated on chips made of semiconductor material like gallium arsenide. Its functions involve the generation, control, low-noise amplification, and high-frequency switching of microwave signals, and usually operates at microwave frequencies of 300 MHz to 300 GHz, however, the presently used circuits’ upper frequency reaches the THz frequency range too. Such properties, along with their low cost, high reproducibility, make MMICs the 1st choice circuit for most of the present produced high-frequency applications. They are mostly used in defence industry and highly demanded in the commercial sector. 

The market will be driven during the forecast period by an increasing bandwidth requirements across various industries, rising digitalization globally through an increase in wireless communication applications as well as evolution and rollout of 5G networks. They are also widely being implemented in the smartphone industry and hence the overall market growth is ought to be growing rapidly.

Furthermore, MMICs are increasingly being preferred to be used due to their low cost and high accuracy properties in aerospace applications and corresponding rise in global space programs. The rapid rise in military defence expenditure across countries is boosting the market growth. In this industry, MMICs are used in radar applications, fighter jets, and missile guidance systems, among others.

The COVID-19 pandemic outbreak had varying effects on the global MMIC market. Initially, due to several lockdowns and strict restrictions imposed, the demand for these circuits in aerospace was affected due to a fall in commercial aviation and passenger volume. MMICs used in the defense industry also suffered from supply chain disruptions. However, on the contrary, the pandemic led to increased dependence on digital technologies, thus, investments in wireless communications and 5G networks increased.

global monolithic microwave ic (mmic) market

Global Monolithic Microwave IC (MMIC) Market: By Component

Based on the component type, the global monolithic microwave IC (MMIC) market is divided into power amplifiers, low noise amplifiers, attenuators, switches, phase shifters, mixers, voltage-controlled oscillators and frequency multipliers. The attenuator segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

The attenuator segment is in high demand for use in communication systems across industries. It is used in telecommunication industry and for electronic warfare applications in the defense industry.

Global Monolithic Microwave IC (MMIC) Market: By Type of Material

Based on the type of material, the global monolithic microwave IC (MMIC) market is divided into gallium arsenide, indium phosphide, indium gallium phosphide, silicon germanium and gallium nitride. The gallium nitride segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

In the field of electronics and semiconductors, gallium nitride is increasingly being used as an alternative to pure silicon. Due to properties such as superior high frequency handling capacity and power efficiency, it is used in broadband communication, radar and warfare applications.

Global Monolithic Microwave IC (MMIC) Market: By Technology

Based on the type of technology, the global monolithic microwave IC (MMIC) market is divided into 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 and metal-oxide semiconductor. The high electron mobility transistor has the largest market share in this segmentation.

This segment is a type of field effect transistor in huge demand due to their high frequency and low noise performance as compared to other transistors. It is used primarily in telecommunication and defense industry.

Global Monolithic Microwave IC (MMIC) Market: By Frequency Band

Based on the type of frequency band, the global monolithic microwave IC (MMIC) market is divided into L Band (1–2 GHz), S Band (2–4 GHz), C Band (4–8 GHz), X Band (8–12 GHz), Ku Band (12–18 GHz), K Band (18–27 GHz), Ka Band (27–40 GHz), V Band (40–75 GHz) and W Band (75–110 GHz). The demand for Ka Band (27–40 GHz) segment is expected to grow fast in the market due to its use in new generation satellite communication and will have some overlap with band being used in 5G networks.

Global Monolithic Microwave IC (MMIC) Market: By Application

As per application type, the market is divided into consumer/enterprise electronics, SATCOM (satellite communication), wireless communication infrastructure, automotive, aerospace& defence, CATV and wired broadband and others. The consumer/enterprise electronics segment is expected to grow the fastest in the market.

With increasing demand for digitalisation globally and rising investments in the same, this segment is expected to grow fastest. MMICs are required in smartphone technologies as well as 5G networks that are expected to be rolled out around the world.

asia pacific monolithic microwave ic (mmic) market

Global Monolithic Microwave IC (MMIC) Market: By Region

As per the geographical analysis, the global monolithic microwave IC (MMIC) market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the global monolithic microwave IC (MMIC) market from 2022 to 2027. The major factor driving growth in this region is the increasing adoption of 5G network in the smartphone industry. According to reports by Ericsson, this region will have almost 100 million smartphone subscribers with 5G enabled by end of 2022 alone.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the global monolithic microwave IC (MMIC) market during the forecast period. Growth in this region is expected to be driven by rising adoption rates of smartphones and demand for high speed internet services owing to the vast population this region holds. In this region, China being a significant electronics manufacturing hub will also contribute to market growth. Rising military expenditure of countries like India, China, and South Korea among others will also boost MMIC market growth.

Global Monolithic Microwave IC (MMIC) Market Share and Competitor Analysis

Analog Devices, NXP Semiconductor, MACOM, Qorvo, mmTron Inc, Skyworks Solutions, Broadcom, Infineon Technologies, Maxim Integrated, Mini-Circuits, OMMIC and others are the key players in the global monolithic microwave IC (MMIC) market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Global Monolithic Microwave IC (MMIC) Market Overview, 2022-2027

2.1.1    Industry Overview

2.1.2    Component Type Overview

2.1.3    Type of Material Overview

2.1.4    Technology Overview

2.1.5    Frequency Band Overview

2.1.6    Application Overview

2.1.7    Regional Overview

Chapter 3   Global Monolithic Microwave IC (MMIC) Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2022-2027

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Rising age of digitalisation

3.3.2    Industry Challenges

3.3.2.1    High development costs of MMICs

3.4    Prospective Growth Scenario

3.4.1    Component Growth Scenario

3.4.2    Type of Material Growth Scenario

3.4.3    Technology Growth Scenario

3.4.4    Frequency Band Growth Scenario

3.4.5    Application Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Application Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Global Monolithic Microwave IC (MMIC) Market, By Component Type

4.1    Component Type Outlook

4.2    Power Amplifiers

          4.2.1    Market Size, By Region, 2022-2027 (USD Million)

4.3    Low Noise Amplifiers

4.3.1    Market Size, By Region, 2022-2027 (USD Million)

4.4    Attenuators

4.4.1    Market Size, By Region, 2022-2027 (USD Million)

4.5    Switches

4.5.1    Market Size, By Region, 2022-2027 (USD Million)

4.6    Phase Shifters

4.6.1    Market Size, By Region, 2022-2027 (USD Million)

4.7    Mixers

4.7.1    Market Size, By Region, 2022-2027 (USD Million)

4.8    Voltage-controlled Oscillators

4.8.1    Market Size, By Region, 2022-2027 (USD Million)

4.9    Frequency Multipliers

4.9.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 5   Global Monolithic Microwave IC (MMIC) Market, By Type of Material

5.1   Type of Material Outlook

5.2   Gallium Arsenide

5.2.1    Market Size, By Region, 2022-2027 (USD Million)

5.3   Indium Phosphide

5.3.1    Market Size, By Region, 2022-2027 (USD Million)

5.4   Indium Gallium Phosphide

5.4.1    Market Size, By Region, 2022-2027 (USD Million)

5.5   Silicon Germanium

5.5.1    Market Size, By Region, 2022-2027 (USD Million)

5.6   Gallium Nitride

5.6.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 6   Global Monolithic Microwave IC (MMIC) Market, By Technology

6.1    Technology Outlook

6.2    Metal-Semiconductor Field-Effect Transistor

          6.2.1    Market Size, By Region, 2022-2027 (USD Million)

6.3    High Electron Mobility Transistor

6.3.1    Market Size, By Region, 2022-2027 (USD Million)

6.4    Pseudomorphic High Electron Mobility Transistor

          6.4.1    Market Size, By Region, 2022-2027 (USD Million)

6.5    Enhancement-Mode Pseudomorphic High Electron Mobility Transistor

6.5.1    Market Size, By Region, 2022-2027 (USD Million)

6.6    Metamorphic High Electron Mobility Transistor

6.6.1    Market Size, By Region, 2022-2027 (USD Million)

6.7    Heterojunction Bipolar Transistor

6.7.1    Market Size, By Region, 2022-2027 (USD Million)

6.8    Metal-Oxide Semiconductor

6.8.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 7   Global Monolithic Microwave IC (MMIC) Market, By Frequency Band

7.1    Frequency Band Outlook

7.2    L Band (1–2 GHz)

            7.2.1    Market Size, By Region, 2022-2027 (USD Million)

7.3    S Band (2–4 GHz)

7.3.1    Market Size, By Region, 2022-2027 (USD Million)

7.4    C Band (4–8 GHz)

7.4.1    Market Size, By Region, 2022-2027 (USD Million)

7.5    X Band (8–12 GHz)

7.5.1    Market Size, By Region, 2022-2027 (USD Million)

7.6    Ku Band (12–18 GHz)

7.6.1    Market Size, By Region, 2022-2027 (USD Million)

7.7    K Band (18–27 GHz)

7.7.1    Market Size, By Region, 2022-2027 (USD Million)

7.8    Ka Band (27–40 GHz)

7.8.1    Market Size, By Region, 2022-2027 (USD Million)

7.9    V Band (40–75 GHz)

7.9.1    Market Size, By Region, 2022-2027 (USD Million)

7.10    W Band (75–110 GHz)

7.10.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 8   Global Monolithic Microwave IC (MMIC) Market, By Application

8.1    Application Outlook

8.2    Consumer/Enterprise Electronics

8.2.1    Market Size, By Region, 2022-2027 (USD Million)

8.3    SATCOM (Satellite Communication)

8.3.1    Market Size, By Region, 2022-2027 (USD Million)

8.4    Wireless Communication Infrastructure

8.4.1    Market Size, By Region, 2022-2027 (USD Million)

8.5    Automotive

8.5.1    Market Size, By Region, 2022-2027 (USD Million)

8.6    Aerospace& Defence

8.6.1    Market Size, By Region, 2022-2027 (USD Million)

8.7    CATV and Wired Broadband

8.7.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 9   Global Monolithic Microwave IC (MMIC) Market, By Region

9.1    Regional outlook

9.2    North America

9.2.1    Market Size, By Country 2022-2027 (USD Million)

9.2.2    Market Size, By Component Type, 2022-2027 (USD Million)

9.2.3    Market Size, By Type of Material, 2022-2027 (USD Million)

9.2.4    Market Size, By Technology, 2022-2027 (USD Million)

9.2.5    Market Size, By Frequency Band, 2022-2027 (USD Million)

9.2.6    Market Size, By Application, 2022-2027 (USD Million)

9.2.7    U.S.

9.2.7.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.2.7.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.2.7.3    Market Size, By Technology, 2022-2027 (USD Million)

9.2.7.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.2.7.5    Market Size, By Application, 2022-2027 (USD Million)

9.2.8    Canada

9.2.8.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.2.8.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.2.8.3    Market Size, By Technology, 2022-2027 (USD Million)

9.2.8.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.2.8.5    Market Size, By Application, 2022-2027 (USD Million)

9.2.9    Mexico

9.2.9.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.2.9.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.2.9.3    Market Size, By Technology, 2022-2027 (USD Million)

9.2.9.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.2.9.5    Market Size, By Application, 2022-2027 (USD Million)

9.3    Europe

9.3.1    Market Size, By Country 2022-2027 (USD Million)

9.3.2    Market Size, By Component Type, 2022-2027 (USD Million)

9.3.3    Market Size, By Type of Material, 2022-2027 (USD Million)

9.3.4    Market Size, By Technology, 2022-2027 (USD Million)

9.3.5    Market Size, By Frequency Band, 2022-2027 (USD Million)

9.3.6    Market Size, By Application, 2022-2027 (USD Million)

9.3.7    Germany

9.3.7.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.3.7.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.3.7.3    Market Size, By Technology, 2022-2027 (USD Million)

9.3.7.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.3.7.5    Market Size, By Application, 2022-2027 (USD Million)

9.3.8    UK

9.3.8.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.3.8.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.3.8.3    Market Size, By Technology, 2022-2027 (USD Million)

9.3.8.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.3.8.5    Market Size, By Application, 2022-2027 (USD Million)   

9.3.9    France

9.3.9.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.3.9.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.3.9.3    Market Size, By Technology, 2022-2027 (USD Million)

9.3.9.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.3.9.5    Market Size, By Application, 2022-2027 (USD Million)          

9.3.10    Italy

9.3.10.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.3.10.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.3.10.3    Market Size, By Technology, 2022-2027 (USD Million)

9.3.10.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.3.10.5    Market Size, By Application, 2022-2027 (USD Million)

9.4    Asia Pacific

9.4.1    Market Size, By Country 2022-2027 (USD Million)

9.4.2    Market Size, By Component Type, 2022-2027 (USD Million)

9.4.3    Market Size, By Type of Material, 2022-2027 (USD Million)

9.4.4    Market Size, By Technology, 2022-2027 (USD Million)

9.4.5   Market Size, By Frequency Band, 2022-2027 (USD Million)

9.4.6    Market Size, By Application, 2022-2027 (USD Million)

9.4.7    China

9.4.7.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.4.7.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.4.7.3    Market Size, By Technology, 2022-2027 (USD Million)

9.4.7.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.4.7.5    Market Size, By Application, 2022-2027 (USD Million)

9.4.8    India

9.4.8.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.4.8.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.4.8.3    Market Size, By Technology, 2022-2027 (USD Million)

9.4.8.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.4.8.5    Market Size, By Application, 2022-2027 (USD Million)

9.4.9    Japan

9.4.9.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.4.9.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.4.9.3    Market Size, By Technology, 2022-2027 (USD Million)

9.4.9.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.4.9.5    Market Size, By Application, 2022-2027 (USD Million)

9.5    MEA

9.5.1    Market Size, By Country 2022-2027 (USD Million)

9.5.2    Market Size, By Component Type, 2022-2027 (USD Million)

9.5.3    Market Size, By Type of Material, 2022-2027 (USD Million)

9.5.4    Market Size, By Technology, 2022-2027 (USD Million)

9.5.5    Market Size, By Frequency Band, 2022-2027 (USD Million)

9.5.6    Market Size, By Application, 2022-2027 (USD Million)

9.5.7    Saudi Arabia

9.5.7.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.5.7.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.5.7.3   Market Size, By Technology, 2022-2027 (USD Million)

9.5.7.4   Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.5.7.5    Market Size, By Application, 2022-2027 (USD Million)

            9.5.8    UAE

9.5.8.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.5.8.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.5.8.3    Market Size, By Technology, 2022-2027 (USD Million)

9.5.8.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.5.8.5    Market Size, By Application, 2022-2027 (USD Million)

   9.5.9    South Africa

9.5.9.1    Market Size, By Component Type, 2022-2027 (USD Million)

9.5.9.2    Market Size, By Type of Material, 2022-2027 (USD Million)

9.5.9.3    Market Size, By Technology, 2022-2027 (USD Million)

9.5.9.4    Market Size, By Frequency Band, 2022-2027 (USD Million)

          9.5.9.5    Market Size, By Application, 2022-2027 (USD Million)

Chapter 10   Company Landscape

10.1    Competitive Analysis, 2020

10.2   Analog Devices

10.2.1    Company Overview

10.2.2    Financial Analysis

10.2.3    Strategic Positioning

10.2.4    Info Graphic Analysis

10.3   NXP Semiconductor

10.3.1    Company Overview

10.3.2    Financial Analysis

10.3.3    Strategic Positioning

10.3.4    Info Graphic Analysis

10.4   MACOM

10.4.1    Company Overview

10.4.2    Financial Analysis

10.4.3    Strategic Positioning

10.4.4    Info Graphic Analysis

10.5   Qorvo

10.5.1    Company Overview

10.5.2    Financial Analysis

10.5.3    Strategic Positioning

10.5.4    Info Graphic Analysis

10.6   mmTron Inc

10.6.1    Company Overview

10.6.2    Financial Analysis

10.6.3    Strategic Positioning

10.6.4    Info Graphic Analysis

10.7   Skyworks Solutions

10.7.1    Company Overview

10.7.2    Financial Analysis

10.7.3    Strategic Positioning

10.7.4    Info Graphic Analysis

10.8   Broadcom

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Positioning

10.10.4    Info Graphic Analysis

10.9 Infineon Technologies

10.9.1    Company Overview

10.9.2    Financial Analysis

10.9.3    Strategic Positioning

10.9.4    Info Graphic Analysis

10.10 Maxim Integrated

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Positioning

          10.10.4    Info Graphic Analysis

10.11 Mini-Circuits

10.11.1    Company Overview

10.11.2    Financial Analysis

10.11.3    Strategic Positioning

          10.11.4    Info Graphic Analysis

10.12 OMMIC

10.12.1    Company Overview

10.12.2    Financial Analysis

10.12.3    Strategic Positioning

          10.12.4    Info Graphic Analysis

10.13 Others

10.13.1    Company Overview

10.13.2    Financial Analysis

10.13.3    Strategic Positioning

          10.13.4    Info Graphic Analysis

The Global Monolithic Microwave IC (MMIC) Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Monolithic Microwave IC (MMIC) Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The Global Monolithic Microwave IC (MMIC) Market is projected to grow from USD 10.5 Billion in 2022 to USD 16.9 Billion in 2027 at a CAGR value of 10.5% from 2022 to 2027.
Analog Devices, NXP Semiconductor, MACOM, Qorvo, mmTron Inc, Skyworks Solutions, Broadcom, Infineon Technologies, Maxim Integrated, Mini-Circuits, OMMIC and others are the key players in the Global Monolithic Microwave IC (MMIC) Market.
The North American region is estimated to hold the highest share in the global Monolithic Microwave IC (MMIC) Market.
The COVID-19 pandemic outbreak had varying effects on the global MMIC market. Initially, due to several lockdowns and strict restrictions imposed, the demand for these circuits in aerospace was affected due to a fall in commercial aviation and passenger volume. MMICs used in the defense industry also suffered from supply chain disruptions. However, on the contrary, the pandemic led to increased dependence on digital technologies, thus, investments in wireless communications and 5G networks increased.
The market will be driven during the forecast period by an increasing bandwidth requirements across various industries, rising digitalization globally through an increase in wireless communication applications as well as evolution and rollout of 5G networks. They are also widely being implemented in the smartphone industry and hence the overall market growth is ought to be growing rapidly.

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