Growing Demand for Monolithic Microwave IC Market
The global Monolithic Microwave IC Market was valued at USD 8.5 billion in 2021 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 11.9% during the forecast period from 2022 to 2027. The key factors driving the growth of the MMIC market include increased demand for MMICs from the smartphone industry, the adoption of E band to meet the growing bandwidth requirements of cellular and wireless networks, increased defense spending of countries for the...
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