Global $22.64 Bn Monolithic Microwave IC Industry Outlook to 2030: 5G Technology and Smartphone Usage Driving Growth
DUBLIN, Sept. 6, 2023 /PRNewswire/ -- The "Monolithic Microwave IC Market Outlook by Component, Material, Technology, Frequency Band, Application - Global Industry Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, Sept. 6, 2023 /PRNewswire/ -- The "Monolithic Microwave IC Market Outlook by Component, Material, Technology, Frequency Band, Application - Global Industry Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
- The global monolithic microwave IC market witnessed a valuation of USD 9,541.3 million in 2022, with a projected growth rate of over 11.4%.
- The significant growth of the monolithic microwave IC market is largely credited to the widespread deployment of 5G technology and the subsequent surge in smartphone usage.
- These factors are driving the increasing demand for smartphones as they fulfill various needs for individuals with steady internet connectivity.