Microwave Integrated Circuits(MIC) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Microwave Integrated Circuits(MIC) Market
Microwave Integrated Circuits(MIC) Market Size and Growth
The Microwave Integrated Circuits(MIC) market research report provides insights on current market conditions, trends, and growth opportunities. The market size for MIC is projected to reach $10.5 billion by 2025, driven by increasing demand for advanced communication technologies and expanding applications in cellular networks, aerospace, and defense industries.
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Companies Covered (Covid 19 Impact Covered)
◍ ON Semiconductor
◍ MACOM
◍ OMMIC
◍ Qorvo
◍ Analog Devices(Infineon Technologies)
◍ WIN Semiconductors
◍ Murata
◍ Mitsubishi Electronics
◍ Keysight Technologies
◍ Microsemiconductor
◍ NXP Semiconductor
◍ Kyocera
◍ Toshiba
◍ Panasonic
The Microwave Integrated Circuits (MIC) Market is highly competitive with key players such as ON Semiconductor, MACOM, OMMIC, Qorvo, Analog Devices, WIN Semiconductors, Murata, Mitsubishi Electronics, Keysight Technologies, Microsemiconductor, NXP Semiconductor, Kyocera, Toshiba, and Panasonic. These companies utilize MIC technology to develop a wide range of products for various applications such as telecom, aerospace, defense, and automotive, driving growth in the market.
- ON Semiconductor reported sales revenue of $5.5 billion in 2020.
- MACOM reported sales revenue of $532 million in 2020.
- Analog Devices (Infineon Technologies) reported sales revenue of $6.2 billion in 2020.
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Market Segmentation
By Application
◍ Telecommunications
◍ Aerospace & Defence
◍ Consumer Electronics
◍ Other
By Product
◍ Monolithic Microwave Integrated Circuits(MMIC)
◍ Hybrid Microwave Integrated Circuits(HMIC)
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Market Growth
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$ X Billion USD
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