Revenue The Past 2 Years
MMIC Market CAGR
MMIC Market Size
- CI is a new and dynamic technology company developing innovative solutions and products for SatCom, 5G & IoT industry. The company has increased its revenues by x5 in the past 2 years, recently breaking the barrier of €1M in market driven revenue.
- The company’s product design and processes are non-exclusively Si dependent, with CI investing in GaAs and GaN developments currently providing a clear opportunity to growth with market projections at CAGR of 4.84%.
- CI will compete as a MMIC supplier to the global satellite flat panel antenna market that is estimated to reach $18.39 Bn in 2031, growing at a compound annual growth rate (CAGR) of 16.63% during the next 10 years (source: Reportlinker).
- CI is able to compete on the Si as well as on the GaAs/GaN markets especially in the SatCom MMICs, a market estimated today at €2Bn that is also expected to at least double in next decade. The major driving factor for the market’s growth is the increasing requirement of satellite-based connectivity services across different applications such as communication and navigation.
MARKET AND DEMAND
According to HNY Research data, the GaAs and GaN MMIC alone for Satcom market size is valued at USD 2697.08 (M USD) in 2021 and is projected to grow to USD 3580.9 (M USD) by 2027 with a CAGR of 4.84%.
The global market for GaN power chips is currently estimated at around $100M dollars per year and is expected to accelerate to more than $1B dollars per year within the next 5 years.”
Globally, the monolithic microwave IC (MMIC) market is anticipated to grow with a CAGR of more than 10.9% during the forecast period from 2021 to 2029, starting from US$ 8.76 Bn in 2020.
According to BIS Research, the worldwide satellite flat panel antenna market is expected to reach $18.39 Bn by 2031, rising at a compound annual growth rate (CAGR) of 16.63 percent between 2021 and 2031. The rising need for satellite-based connectivity services across various applications such as communication and navigation are a primary driving force for the market’s strength.
Many countries invest in growing existing or creating new GaS/GaAn foundries.