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Monolithic Microwave IC Market worth $23.91 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Feb. 3, 2025 /PRNewswire/ — The global monolithic microwave IC market is expected to grow from USD 14.53 billion in 2025 to USD 23.91 billion by 2030 at a CAGR of 10.5% during the forecast period 2025–2030 according to a new report by MarketsandMarkets™. The popularity of multimedia applications and broadband Internet has led to an ever-increasing demand for high data throughputs in cellular and wireless networks. The frequency bands such as K-band, and Ka- band which encompasses frequencies from 18 GHz to 27 GHz and 26.5 GHz to 40 GHz, offers a substantial amount of spectrum that is ideal for high-capacity wireless communication links by surging the adoption of K-band & ka-band frequency band to meet increasing bandwidth requirements of cellular and wireless networks. Thereby, fulfilling the requirement for high transfer rates for a large amount of data in the competitive digital and computing world.

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Browse in-depth TOC on “Monolithic Microwave IC Market” 
160 – Tables
60 – Figures
200 – Pages

Monolithic Microwave IC Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 14.53 billion

Estimated Value by 2030

$ 23.91 billion

Growth Rate

Poised to grow at a CAGR of 10.5%

Market Size Available for

2021–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Component, Material type, Frequency band, Technology, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Streamlining designing and cost-effective manufacturing of MMIC

Key Market Opportunities

Growing preference for compact and miniaturized devices

Key Market Drivers

Growing adoption of next-generation warfare techniques

HEMT to hold significant market share during the forecast period.

HEMT’s performance in high-frequency, high-power, and low-noise applications, making it an ideal choice across industries like telecommunications, defense, and aerospace. HEMTs are known for having good electron mobility, which makes the switching speed higher and power consumption lower than the conventional FETs. These characteristics make them more valuable in the telecommunications and aerospace industries where efficiency and performance are crucial. The growing demand for advanced communication technologies, especially 5G expansions, is contributing to the wide adoption of HEMT-based MMICs. Its wide application in highly advanced radar and electronic warfare products in the defense sector also enhances its strong position in the market. Additionally, HEMT-based MMICs find a wide and diverse application base in satellite systems, especially through space exploration and communication, attributed to their greater reliability and processing of large-scale data.

Attenuators segment is expected to witness highest CAGR in monolithic microwave IC industry during the forecast period.

Attenuators are essential for managing signal strength, ensuring optimal performance in high-frequency environments, especially with the deployment of 5G advanced technology and its increasing demand for precise signal control in different applications, such as telecommunications and consumer electronics, as more devices need efficient signal processing capabilities, this sector will continue to grow and find itself in a favorable position in the MMIC overall market. The increasing requirement for MMIC-based attenuators is also driven by more satellite communications and radar systems that are accountable for signal quality. Moreover, the growing requirement for high performance of RF systems and the integration of improved signal integrity in complex networks are adding up to the increasing requirements for attenuators.

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Asia Pacific expected to account for the largest market size during the forecast period.

Urbanization and population growth in the region are significantly increasing the demand for advanced communication technologies. particularly with the rollout of 5G advanced networks. These new technologies demand for high-performance MMICs for enhanced data transmission capabilities. Furthermore, Asia Pacific is home to major electronics manufacturers such as Samsung (South Korea), Panasonic Corporation (Japan) and ABB (Switzerland) among others and also a thriving smartphone market drives the demand for MMICs in consumer electronics. The presence of key players and continuous investments in research and development is also promoting innovation in MMIC technology in this region. Additionally, China is one of the significant contributors to this growth, primarily because of its strong semiconductor manufacturing capabilities and huge investments in 5G advanced infrastructure. South Korea and Japan are also major players because of the technological advancement in those countries, with leading electronics manufacturers.

Key Players

Key companies operating in the monolithic microwave IC companies are Qorvo, Inc. (US), MACOM (US), Skyworks Solutions, Inc. (US), NXP Semiconductors (Netherlands), Analog Devices, Inc. (US), Infineon Technologies AG (Germany), WIN Semiconductors (China), United Monolithic Semiconductors (France), Mini-Circuits (US), Keysight Technologies (US), VECTRAWAVE (France), BeRex (South Korea), Reliasat (UK), Semiconductor Components Industries, LLC (US), and MicroWave Technology, Inc. (US) among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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Trinasolar Vertex N Modules Selected for 562MWdc Dầu Tiếng 5 Floating Solar Project in Vietnam

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HO CHI MINH CITY, Vietnam, Sept. 9, 2026 /PRNewswire/ — Trinasolar, a global leader in smart PV and energy storage solutions, has been selected to supply its Vertex N 730–735W n-type i-TOPCon modules for the 450MWac and 562MWdc Dầu Tiếng 5 Floating Solar and Storage Project in Tây Ninh Province, Vietnam.

Developed by DT5.1 Energy JSC, a member of Xuan Cau Holdings, Dầu Tiếng 5 broke ground on 4 August 2026 and is scheduled to begin commercial operation in December 2027. The project is expected to generate approximately 808GWh of clean electricity annually for Vietnam’s national power system.

Dầu Tiếng 5 also builds on Trinasolar’s experience in floating solar in Vietnam. In 2020, Trinasolar supplied 210 Vertex bifacial modules for the 50.6MW Dầm Trà Ổ floating solar project in Bình Định Province. The latest Dầu Tiếng 5 project extends that experience to a significantly larger utility-scale development using Trinasolar’s n-type i-TOPCon Vertex N technology.

Located in a semi-submerged area of Dầu Tiếng Lake, Dầu Tiếng 5 combines a 562MWdc floating solar array with a humid, water-based operating environment. For this application, Trinasolar’s Vertex N (NEG21C.20) modules provide high power output of 730–735W and a low-voltage design that supports higher string power, helping reduce module count and optimise balance-of-system requirements across the floating solar array. Its bifacial dual-glass design, with bifaciality of 80±5%, enables additional rear-side generation where irradiance reaches the back of the module, supporting higher energy yield from the available project area. The dual-glass construction and independently verified resistance to potential-induced degradation further support long-term reliability under the project’s operating conditions.

“This is one of the first projects to implement the Direct Power Purchase Agreement (DPPA) mechanism. This project brings to life a long-awaited regulatory framework. The mechanism fosters sustainable growth for both power generators and large-scale electricity consumers, while contributing significantly to the development of a competitive electricity market” said the owner representative of DT5.1 Energy JSC.

“Dầu Tiếng 5 reflects the growing scale and ambition of Vietnam’s solar market,” said Elva Wang, Group Director of South, Southeast and Central Asia, Trinasolar Asia Pacific. “Trinasolar has supported floating solar in Vietnam since the Dầm Trà Ổ project in 2020 and has since built further experience across major floating solar projects in Singapore, Malaysia and Thailand. Dầu Tiếng 5 brings that experience to a much larger utility-scale development and reflects the level of supply and project support we can bring to Vietnam as the market continues to grow.”

Dầu Tiếng 5 also highlights the potential for floating solar to support Vietnam’s renewable energy expansion by making use of suitable water and semi-submerged areas for large-scale clean energy generation. Through projects such as Dầu Tiếng 5, Trinasolar is bringing its utility-scale floating solar experience to support the development of this emerging application in Vietnam.

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SOURCE Trina Solar Energy Development Pte. Ltd.

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Smartling Deepens Investment in Europe, Names Anna Schlegel GM, EMEA

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Appointment of 30-year globalization leader marks the next phase of Smartling’s European growth, with increased regional investment and senior leadership closer to customers as enterprise adoption of AI-powered translation accelerates.

DUBLIN, Sept. 9, 2026 /PRNewswire/ — Smartling, the AI translation company, today named Anna Schlegel General Manager, EMEA, strengthening its regional leadership as the company continues to invest in growth across Europe. Schlegel will lead Smartling’s EMEA go-to-market strategy, working closely with the company’s established teams across the region to deepen customer relationships, accelerate growth, and help European enterprises scale their global businesses through modern, enterprise-grade localization.

Schlegel brings more than 30 years of experience in international growth and product strategy, most recently as General Manager of Global at Procore Technologies, with earlier senior leadership roles at Cisco, VMware, and NetApp. She has also served in the Parliament of Catalonia, Spain, as Vice President of the Legislative Committee for EU Affairs and External Action. She is the author of Truly Global and co-founder and president of Women in Localization.

“Europe is already an important market for Smartling, and we’re continuing to invest in the people, presence, and capabilities that bring us closer to our customers,” said Bryan Murphy, CEO of Smartling. “Anna understands both what it takes for global enterprises to grow across markets and the unique expectations European companies have as they adopt AI. Her leadership will help us deepen those relationships, accelerate our growth, and deliver even more value to customers across the region.”

Schlegel will also help customers across Europe navigate rapidly evolving expectations around AI, data privacy, governance, and global content, while strengthening Smartling’s regional partnerships.

“Europe is at a pivotal moment for enterprise AI. Some organizations are already deploying AI at scale, while others are determining where it can create the greatest business value. What unites them is the need to adopt AI responsibly, with the quality, governance, transparency, and trust European enterprises and their customers expect, and in alignment with the EU AI Act,” said Schlegel. “Smartling already has strong customers, teams, and momentum across Europe. I’m excited to build on that foundation, get even closer to our customers in-market, and help organizations turn AI-powered localization into a trusted driver of global growth.”

This fall, Schlegel will join customers and industry leaders across Europe as part of Smartling’s seven-stop Global Ready Europe roadshow, from September 29 through October 9. The events will bring together senior localization, product, and marketing leaders to discuss AI translation strategy, executive buy-in, and the future of global content.

For more details, visit Smartling’s Global Ready Europe event series.

About Smartling

Smartling is transforming how global enterprises create, manage, and scale multilingual content in the AI era. Its LanguageAI™ platform combines AI translation, workflow automation, and quality assurance infrastructure to help organizations automate multilingual content operations at enterprise scale. Trusted by leading global brands, Smartling enables companies to move faster globally while maintaining the quality, trust, and oversight required for enterprise AI translation.

For more information, visit Smartling.

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New ABB and BCG report highlights growing role of direct current technologies in future power systems

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Rapid expansion of AI computing, increasing electrification and rise of renewable energy are driving renewed interest in DC technology as part of future electrical systemsBoth AC and DC systems have strategically important roles in meeting future electricity demandEstablishing common standards and developing DC-specific skills can help accelerate deployment

ZURICH, Sept. 9, 2026 /CNW/ — ABB today published a new report, The Strategic Case for Hybrid AC/DC Power: Shaping the Transition to the Next Electrical Architecture, developed in collaboration with Boston Consulting Group (BCG). The report makes the case that direct current (DC) technology is moving from the periphery to the center of industrial, commercial, and digital infrastructure – and that the decisions made by business leaders and policymakers in the next two to three years will determine who shapes that transition and who inherits it.

The future of power distribution is not an either-or choice between alternating current (AC) and direct current, but a hybrid system that combines the strengths of both technologies. While AC will remain the backbone of most transmission and regional distribution networks, DC is expected to play an increasingly important role within facilities where many major energy sources and loads already operate natively on direct current. The fastest-growing technologies, including solar photovoltaic systems, batteries, electric vehicles, AI data centers and many industrial automation systems, are inherently DC-based. As these technologies scale, reducing the number of power conversion steps between generation, storage and consumption can improve efficiency, increase the usable capacity of an existing grid connection and simplify integration.

The report identifies AI data centers as one of the most immediate drivers of DC adoption. As AI workloads continue to increase power density requirements, conventional electrical architectures are reaching practical limits. The report finds that 800 VDC distribution is emerging as the defining architecture for next-generation AI infrastructure, enabling operators to maximize compute capacity within constrained grid connections while improving energy efficiency.

At the same time, the shift is also relevant for a range of other key industries with the research highlighting several opportunities beyond data centers. Automation-intensive manufacturing facilities, commercial buildings and, over the longer term, buildings can also benefit from DC systems or subsystems through lower conversion losses, more effective integration of onsite renewables and storage, and enhanced operational flexibility.

“In a world that will require more power while operating within the constraints of existing infrastructure, enabling broader adoption of DC systems will require stronger collaboration among business leaders, policymakers and technology stakeholders, as well as greater attention to the role DC can play,” said Morten Wierod, Chief Executive Officer of ABB. “For more than 25 years, ABB’s DC solutions have helped customers reduce conversion losses, improve power transfer efficiency and lower electricity demand. To enable broader adoption where the business case is strongest, we need common technologies, harmonized standards, and the workforce capabilities to support implementation at scale. AC and DC each have important roles to play, and together they can help build a more efficient, resilient and future-ready electrical system.”

As part of the report, ABB and BCG address several long-standing misconceptions that have slowed DC adoption concluding that concerns around scale, safety and economics increasingly reflect outdated assumptions rather than the capabilities of today’s technologies. Instead, fragmented standards and a shortage of DC-specific skills are seen as the primary challenges that need to be addressed urgently to accelerate deployment.

ABB was the first company to demonstrate the energy-saving potential of DC in vessels with a DC-based onboard power system that achieved fuel savings of up to 27 percent and launched the industry’s first solid state circuit breaker in 2022. With more than 700 DC-related patents, ABB is now bringing DC distribution to a much broader range of applications, including electric transport, microgrids and data centers. It is also working with industry partners to explore how DC distribution can support low-carbon aluminum production and the production of green hydrogen.

The full report is available at: 
https://www.abb.com/global/en/company/innovation/hybrid-ac-dc-power 

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

For more information please contact:
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
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SOURCE ABB Ltd

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