Microwave Monolithic Integrated Circuits Market Set for Robust Growth by 2024

Microwave Monolithic Integrated Circuits Market: Overview

 

There has been a mass production of the microwave monolithic integrated circuits owing to its small size. This resulted in the development of the devices that made use of high frequency such as cellular phones. The microwave monolithic integrated circuits are used for both consumer and commercial purposes.

 

Microwave Monolithic Integrated Circuits Market: Facts

 

In the year 1980, the Defense Advanced Research Projects Agency made the first major effort to introduce the solid-state microwave integrated circuits so that the cavities, tubes, and the discrete devices that were used in the telecommunication systems and the microwave radar could be eliminated. New developments that were made in the semiconductor processing and materials initiated the development of the monolithic microwave integrated circuit (MMIC) technology.

 

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Microwave Monolithic Integrated Circuits Market: Segmentation

 

The global market for the microwave monolithic integrated circuits is fragmented into its technology, IC type, and application. Based on the technology, the global market is segregated into Si technology and GaAs technology. Based on the type of the IC, the market is categorized into large integrated circuits, medium integrated circuits, and small integrated circuits. Based on the application, the market is divided into defense, automation, consumer electronics, it and telecommunications, aerospace, and others.

 

Microwave Monolithic Integrated Circuits Market: Growth Factors

 

In comparison to the conventional integrated circuits, the microwave monolithic integrated circuits have increased reproducibility and high rate of reliability. The other benefits of using the microwave monolithic integrated circuits are they have a compact size and they are light in weight. Also, they enable the multi-octave operation thus increasing the demand for the product. Moreover, the applications where the microwave monolithic integrated circuits are used is increasing due to its functioning over the higher microwave range triggers the growth of the market. Other factors that are fuelling the growth of the microwave monolithic integrated circuits market are its increased adoption due to its reduced costs and the on-going research and development activities in the microwave monolithic integrated circuits. The manufacturing of the microwave monolithic integrated circuits involves a complex process and owing to its compact size it becomes a difficult task thus limiting its production by the small and medium-sized enterprises.

 

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Microwave Monolithic Integrated Circuits Market: Regional Analysis

 

The market for the microwave monolithic integrated circuits is dominated by the North American region. The major factor that supports this growth is the presence of the popular market players in this region. Asia Pacific region is following the North America owing to the fact that there are many vendors emerging in this region. The developing nation China is majorly influencing the microwave monolithic integrated circuits market in Asia Pacific region.

 

Microwave Monolithic Integrated Circuits Market: Competitive Players

 

The key market players that are involved in the microwave monolithic integrated circuits market include Texas Instruments, Cree Incorporated, Qorvo, Avago Technologies, MACOM, NXP Semiconductors, Fujitsu Limited, OSRAM Opto Semiconductors, Ya Guang Microwave Technologies, Freescale, and RF Integration.

 

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