Global RF Monolithic Microwave Integrated Circuit (MMIC) Market to Claim 14.3% Growth Rate by 2021-27

The global RF Monolithic Microwave Integrated Circuit (MMIC) market was valued at US$ 8071.1 million in 2020 and it is expected to reach US$ 20050 million by the end of 2027, growing at a CAGR of 14.3% during 2021-2027.

MMIC is a type of integrated circuit (IC) device that operates at microwave frequencies (300 MHz to 300 GHz). MMICs contain active, passive, and interconnect components. These devices typically perform functions such as microwave mixing, power amplification, low-noise amplification, and high-frequency switching. Most of MMICs are fabricated on III-V compound substrates such as GaAs, InP, and GaN, silicon and SiGe MMICs are also becoming commonplace, especially where complex mixed signal systems need to be integrated on the same chip. MMICs are the components of choice for most of high-frequency applications. They offer several advantages over their discrete or hybrid counterparts, such as reduced size, low cost, and high reproducibility and repeatable performance.

Global RF monolithic microwave integrated circuit (MMIC) key players include ON Semiconductor, TI, ADI, Northrop Grumman, Cree, etc. Global top 3 manufacturers hold a share about 20%.

North America is the largest market, with a share about 45%, followed by Europe and Asia-Pacific, both have a share about 47 percent.

Global RF Monolithic Microwave Integrated Circuit (MMIC) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global RF Monolithic Microwave Integrated Circuit (MMIC) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are ON Semiconductor, TI, ADI, Northrop Grumman, Cree, Nxp Semiconductors, Arralis, Microchip Technology, Asb, Mitsubishi Electric, Skyworks, Microwave Technology, Macom, Microarray Technologies, Wolfspeed and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-rf-monolithic-microwave-integrated-circuit-mmic-market-outlook

Segment by Type