Monolithic Microwave IC (MMIC) Market to Hit at a Highest CAGR of 11.9% - Analog Devices, Inc, Broadcom, Infineon Technologies AG, MACOM

A monolithic microwave IC (MMIC) is a type of integrated circuit that operates at microwave frequencies. The functions of this device are microwave mixing, low noise amplification, power amplification, and high-frequency switching. The market for MMIC is growing as there is a rising demand for MMIC from the smartphone manufacturing industry.

The global Monolithic Microwave IC (MMIC) Market size is projected to reach a CAGR of 11.9% from 2023-2030. Monolithic Microwave IC (MMIC) Market by Component (Power Amplifiers, LNA, Switches), Material Type (GaAs, InP, GaN), Frequency Band (Ka, S, X), Technology (MESFET, HEMT), Application (Automotive, A&D) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

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Top players covered in Monolithic Microwave IC (MMIC) Market report: Analog Devices, Inc, Broadcom, Infineon Technologies AG, MACOM, Maxim Integrated, Mini-Circuits, Inc, NXP Semiconductors, OMMIC S.A, Qorvo, Inc, Skyworks Solutions Inc

Recent Developments

In April 2022, MACOM Technology Solutions Holdings, Inc. has been awarded a contract from the US Department of Defense (US) for developing a high-power transmitter. The contract requires MACOM to develop a 45-Kilowatt Radio Frequency (RF) transmitter using novel Gallium Nitride (GaN) semiconductor and antenna beamforming technology. MACOM's solution is based on its proprietary best-in-class MACOM PURE CARBIDE GaN components and power-combining expertise.

In November 2021, Qorvo, Inc. acquired United Silicon Carbide (UnitedSiC) (US), a leading manufacturer of silicon carbide (SiC) power semiconductors. The acquisition of United Silicon Carbide expands Qorvo's reach into the fast-growing markets for electric vehicles (EVs), industrial power, circuit protection, renewables, and data center power. United Silicon Carbide will become a part of Qorvo's Infrastructure & Defense Products (IDP) business.

Major factors that are expected to boost the growth of the monolithic microwave IC market in the forecast period are the rise in the need for monolithic microwave integrated circuits (MMICs) from the smartphone industry. Furthermore, the increase in the acceptance of E band to meet the growing bandwidth needs of cellular and wireless networks is further propelling the growth of the monolithic microwave IC market. Moreover, the rise in defense expenditure by the countries to upgrade their defense inventories is estimated to cushion the growth of the monolithic microwave IC market. In addition, the evolution of 5G technology to rise in the need for (MMICs) will further provide opportunities for the monolithic microwave IC market in the coming years.

On the other hand, the rise in the development expenditure of monolithic microwave integrated circuits (MMICs) is further anticipated to impede the growth of the monolithic microwave IC market in the timeline period. However, the designing of sturdy monolithic microwave integrated circuits (MMICs) might further challenge the growth of the monolithic microwave IC market in the near future.

The COVID-19 pandemic outbreak had varying effects on the global MMIC market. Initially, due to several lockdowns and strict restrictions imposed, the demand for these circuits in aerospace was affected due to a fall in commercial aviation and passenger volume. MMICs used in the defense industry also suffered from supply chain disruptions. However, on the contrary, the pandemic led to increased dependence on digital technologies, thus, investments in wireless communications and 5G networks increased.

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Scope of the Report:

The Monolithic Microwave IC (MMIC) Market is segmented into various segments such as component, material type, technology, frequency band, application, and region:

On the basis of component, the Monolithic Microwave IC (MMIC) Market Segmented into:

Power Amplifiers
Low-noise Amplifiers
Attenuators
Switches
Phase Shifters
Mixers
Voltage-controlled Oscillators
Frequency Multipliers

On the basis of material type, the Monolithic Microwave IC (MMIC) Market Segmented into:

Gallium Arsenide
Indium Phosphate
Indium Gallium Phosphide
Silicon Germanium
Gallium Nitride

On the basis of technology, the Monolithic Microwave IC (MMIC) Market Segmented into:

HEMT
pHEMT
HBT
MESFET
mHEMT
E-pHEMT
MOS

On the basis of the frequency band, the Monolithic Microwave IC (MMIC) Market Segmented into:

W Band
V Band
L Band
Ka Band
S Band
K Band
C Band
Ku Band
X Band

On the basis of the application, the Monolithic Microwave IC (MMIC) Market Segmented into:

Consumer/enterprise Electronics
Wireless Communication Infrastructure
Automotive
Aerospace & Defense
CATV and Wired Broadband
Test and Measurement
Others

On the basis of region, the Monolithic Microwave IC (MMIC) Market Segmented into:

Asia Pacific
North America
Europe
South America
Middle East & Africa

Asia Pacific to Dominate the Market

The market in Asia Pacific holds the largest market share and highest growth rate and is expected to retain its position during the forecast period.

The growth of the market in this region can be attributed to the high adoption rate of smartphones; a significant shift toward high-speed mobile technologies (for instance, the shift from 3G to 4G); increased use of mobile services including video, social media, e-commerce, and financial services; and rise in the military expenditure of countries such as China, India, Japan, and South Korea.

The Monolithic Microwave IC (MMIC) Market is expected to see significant growth in the coming years due to the increasing demand for high-frequency applications across various industries, such as telecommunications, aerospace, defense, and automotive. With the advent of 5G technology, the need for high-speed wireless connectivity is expected to further boost the market growth of MMICs. Additionally, advancements in technology, such as the development of gallium nitride (GaN) and silicon carbide (SiC) materials, are expected to drive the adoption of MMICs in various applications. The Asia Pacific region is expected to be the largest market for MMICs due to the presence of a large number of semiconductor foundries and the increasing demand for wireless communication technology. Overall, the MMIC market is poised for significant growth in the coming years, and industry players are expected to focus on developing innovative products and expanding their customer base to stay competitive in this dynamic market.

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