Global Monolithic Microwave Integrated Circuit Market Size, Trends & Growth Opportunity, By Component (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, and Others), By Material Type (Gallium Arsenide, Indium Phosphide, Silicon Germanium, Gallium Nitride), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Monolithic Microwave Integrated Circuit Market 
Global Monolithic Microwave Integrated Circuit Market was valued at USD 9.6 billion in 2021 and is expected to reach USD 18.1 billion by 2027, at a CAGR 10.77% from 2022-2027.
Monolithic microwave integrated circuit (MMIC) is a type of integrated circuit or an IC device which operates at microwave frequencies i.e., 300 MHz to 300 GHz. These devices majorly perform functions such as microwave mixing, low-noise amplification, power amplification and high-frequency switching. Because of higher component density during fabrication, cost of fabrication is lower. Hence overall MMIC cost is less.
Market Drivers
Rising demand for Monolithic Microwave IC from the smart cell phone industry is one of the key driving factors which is projected to boost the global monolithic microwave integrated circuit market growth. 
Furthermore, growing adoption of E-band to meet the rising bandwidth requirements of wireless network and cellular network will have a positive impact on market growth. Also, the rise in evolution of 5G technology will boost the market growth during this forecast period 2027. 
Market Restraints
However, a high development cost of monolithic microwave integrated circuit market is the major restraining factor which is expected to hinder the market growth. 
Market Segmentation
The Global Monolithic Microwave Integrated Circuit Market is segmented into component, material type, application, region.
Based on components, the attenuator segment is in huge demand for its use in communication systems across various industries. It is used in the telecommunication industry and for electronic warfare applications in the defence industry.
Regional Analysis
The Global Monolithic Microwave Integrated Circuit Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region dominates the global monolithic microwave IC market. The major factor driving the growth in this region is the rising adoption of the 5G network in the smartphone sector.
Key Players
Various key players are discussed in this report such as NXP Semiconductors, Analog Devices, Skyworks Solutions, Broadcom, Qorvo, MACOM, Infineon Technologies, Maxim Integrated, Mini-Circuits, Inc., and BAE Systems.
Market Taxonomy
By Component
•        Power Amplifiers
•        Low Noise Amplifiers
•        Attenuators
•        Switches
•        Phase Shifters
•        Mixers
•        Others
By Material Type
•        Gallium Arsenide
•        Indium Phosphide
•        Silicon Germanium
•        Gallium Nitride
By Application
•        Consumer Electronics
•        IT & Telecommunication
•        Automation
•        Aerospace & Défense
•        Others
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Monolithic Microwave Integrated Circuit Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Monolithic Microwave Integrated Circuit Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Monolithic Microwave Integrated Circuit Market, By Component
5.1 Y-o-Y Growth Comparison, By Component 
5.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Component 
5.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Component
5.3.1 Power Amplifiers
5.3.2 Low Noise Amplifiers
5.3.3 Attenuators
5.3.4 Switches
5.3.5 Phase Shifters
5.3.6 Mixers
5.3.7 Others
6 Global Monolithic Microwave Integrated Circuit Market, By Material Type
6.1 Y-o-Y Growth Comparison, By Material Type
6.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Material Type
6.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
6.3.1 Gallium Arsenide
6.3.2 Indium Phosphide
6.3.3 Silicon Germanium
6.3.4 Gallium Nitride
7 Global Monolithic Microwave Integrated Circuit Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Application
7.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
7.3.1 Consumer Electronics
7.3.2 IT & Telecommunication
7.3.3 Automation
7.3.4 Aerospace & Défense
7.3.5 Others
8 Global Monolithic Microwave Integrated Circuit Market, By Region
8.1 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Region
8.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Region
8.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Region
9 North America Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
9.3 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
9.4 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
9.5 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Monolithic Microwave Integrated Circuit Market Share Analysis, By Component 
10.3 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type 
10.4 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
10.5 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Monolithic Microwave Integrated Circuit Market Share Analysis, By Component 
11.3 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type 
11.4 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
11.5 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Monolithic Microwave Integrated Circuit Market Share Analysis, By Component 
12.3 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type 
12.4 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
12.5 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, Country
12.5.1 Brazil
13.5.2 Rest of Latin America
13 Middle East Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Monolithic Microwave Integrated Circuit Market Share Analysis, By Component 
13.3 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type 
13.4 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
13.5 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 NXP Semiconductors
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Analog Devices
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Skyworks Solutions
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Broadcom
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Qorvo
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 MACOM
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Infineon Technologies
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Maxim Integrated
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Mini-Circuits, Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 
15.10 BAE Systems
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies