The global market for Monolithic Microwave Integrated Circuits (MMICs) was valued at $14.53 billion in 2025. It is forecasted to expand to $23.91 billion by 2030, reflecting a compound annual growth rate (CAGR) of 10.5% during this period. This growth is largely attributed to the increasing deployment of 5G technology and ongoing modernization efforts in defense sectors worldwide.
MMICs play a critical role in high-frequency applications, including telecommunications and military systems. The expansion of 5G networks requires advanced components capable of handling higher frequencies and faster data transmission, driving demand for MMICs. Additionally, defense modernization programs are investing in upgraded radar, communication, and electronic warfare systems, further supporting market growth.
**Why this matters**
The rising demand for MMICs highlights the importance of advanced semiconductor technology in enabling next-generation communication networks and defense capabilities. As 5G adoption accelerates globally, MMICs will be essential for maintaining efficient and reliable wireless infrastructure. Moreover, defense modernization efforts underscore the strategic value of these components in national security applications. This market growth signals ongoing innovation and investment in critical technology sectors.
Source: NewsData