Monolithic Microwave IC (MMIC) Market

Global Monolithic Microwave IC (MMIC) Market Outlook 2022 to 2032

During the forecast period of 2022 to 2032, the monolithic microwave IC (MMIC) market is expected to develop at a substantial CAGR of 9.8%. By 2032, the monolithic microwave IC (MMIC) market is expected to be valued at more than US$ 24 billion, up from US$ 9 billion in 2021.

Attributes	Details
Monolithic Microwave IC (MMIC) Market Size (2021)	US$ 9 billion
Monolithic Microwave IC (MMIC) Market Value (2022)	US$ 9.1 billion
Monolithic Microwave IC (MMIC) Market Value (2032)	US$ 24 billion
Monolithic Microwave IC (MMIC) Market Growth Rate (2022-2032)	9.8%
Monolithic Microwave IC (MMIC) Market Key Players	Analog Devices NXP Semiconductor MACOM Qorvo Skyworks Solutions

The demand for monolithic microwave IC (MMIC) is increasing due to the advent of new technologies, such as 5G, and the increased use of smartphones. Increased defense spending by governments to upgrade their defense inventory, together with rising demand for fast data transfer rates impacted by the future 5G technology, are creating profitable opportunities in the monolithic microwave IC (MMIC) market.

Global Monolithic Microwave IC (MMIC) Market Historical Analysis (2015-2021) Vs. Forecast Outlook (2022-2032)

According to the monolithic microwave IC (MMIC) market research report released by Fact.MR, the monolithic microwave IC (MMIC) market growth is predicted to drop marginally from 2022 to 2032.

The monolithic microwave IC (MMIC) market share reached US$ 9 billion in 2021, with a year-on-year growth rate of 11.2%, during the previous analysis period of 2015 to 2021. COVID-19 has a significantly positive impact on the monolithic microwave integrated circuit (MMIC) market.

The COVID-19 pandemic has had a slight but noticeable influence on overall shipment on the demand for monolithic microwave IC (MMIC). The COVID-19 outbreak has improved the wireless communication infrastructure. The burgeoning need for online classes for schools and colleges (distance education) and mandated work-from-home standards in some parts of the world increased network demand.

The semiconductors industry experienced a supply deficit in 2020 as a result of production unit closures and a slowdown in logistical activities, but from 2021 onward, the industry began to recover with the higher demand for monolithic microwave IC (MMIC).

Consumer/enterprise electronics, aerospace & military, and consumer/enterprise electronics all experienced market declines, as the semiconductor supply chain had a greater influence on these verticals than on others, further encouraging the monolithic microwave IC (MMIC) market share.

Furthermore, work from home conventions, distant education, and growing migration of SMEs and non-cloud native organizations from on-premises to cloud have driven monolithic microwave IC (MMIC) market statistics.

What are the Different Market Dynamics Driving the Global Monolithic Microwave IC (MMIC) Market?

What Proliferates the Monolithic Microwave IC (MMIC) Market?

“The adoption of monolithic microwave IC (MMIC) is increasing as new equipment, radio access, and expanded use of MMICs in smartphones enable the maximum network efficiency.”

The smartphone industry's increasing demand for monolithic microwave IC (MMIC) is propelling the global MMIC market forward. MMICs are used in smartphones to increase the reception of weak signals and the speed at which data is sent.

These circuits maximize data throughput within a given bandwidth by providing high-linearity performance with near-peak output, which is necessary for complicated modulation. The monolithic microwave IC (MMIC) in smartphones also allows for the maximum network efficiency, as well as lower transmission power and bit error rates, and accelerates the monolithic microwave IC (MMIC) market size.

What is Restraining the Monolithic Microwave IC (MMIC) Market?

Monolithic microwave IC (MMIC) market development costs are significant, since the technologies utilized in its design are still in the early stages of development. MMICs are also produced in small quantities, resulting in high manufacturing costs.

Demand for monolithic microwave IC (MMIC) is high in commercial and defense applications. It is also expensive due to the specific properties of materials employed in their production, such as their high costs, restricted availability, and toxicity, which raises the total cost of the supply chain.

What are the Opportunities in the Monolithic Microwave IC (MMIC) Market?

The rising consumption of video content by IoT-connected devices necessitates support for skyrocketing mobile data consumption rates. In certain cases, such as crowded indoor and outdoor areas, 5G technology is predicted to enable data rates exceeding 10 Gbps, presenting various opportunities in the monolithic microwave IC (MMIC) market.

Monolithic microwave IC (MMIC) market trends are also intended to expand the spectrum of frequencies used for mobile communication, allowing for higher data transfer rates and the usage of transmission bandwidths. This covers the usage of a new spectrum below 6 GHz, as well as high-frequency spectra

To take advantage of this new spectrum for 5G rollout, only a few pieces of equipment and radio access are required, including new base stations that support transmission and reception at these frequencies, as well as new mmWave wireless devices, enhancing the demand for monolithic microwave IC (MMIC).

What are the Challenges in the Monolithic Microwave IC (MMIC) Market?

“An increase in development and design expenditures for MMICs is hampering the monolithic microwave IC (MMIC) market.”

Manufacturing costs and yields must be balanced while designing monolithic microwave IC (MMIC), so that the best possible designs can be developed to meet the needs of the various applications in which they are employed. For this monolithic microwave IC (MMIC) market manufacturers are focusing on investment and innovation.

Choosing the right device for active circuits, minimizing cross-coupling and parasitic effects in layouts, reducing die size, which is directly proportional to cost, selecting the right package, and improving circuit performance by minimizing temperature and bias voltage variations are just a few of the major challenges faced by monolithic microwave IC (MMIC) manufacturers when designing them.

Region-wise Outlook

Which is the Leading Region in the Monolithic Microwave IC (MMIC) Market?

North America is the key region in the monolithic microwave IC (MMIC) market, with the anticipated CAGR of 9.6% through 2032.

The US is anticipated to reach US$ 9 billion during the forecast period. Asia Pacific has significantly growing monolithic microwave IC (MMIC) market share and the fastest growth rate is likely to continue during the projection period. 

The high adoption rate of smartphones, a significant shift toward high-speed mobile technologies, increased use of mobile services such as video, social media, e-commerce, and financial services, and an increase in the military expenditure of countries such as India, China, Japan, and South Korea.

China is a global manufacturing hub with a thriving electronics sector and one of the world's fastest growing economies, with a projected CAGR of 9.1% until 2032. Japan is a growing region in the monolithic, microwave IC (MMIC) market, with the predicted CAGR of 8.1% by 2032.

What is the Monolithic Microwave IC (MMIC) Market Outlook in Europe?

The increasing number of monolithic microwave IC (MMIC) market projects aimed at space technology will propel the demand for monolithic microwave IC (MMIC) in Europe to a robust growth rate through 2032. The UK is anticipated to reach US$ 1 billion, with a CAGR of 8.5 % through 2032.

The monolithic microwave IC (MMIC) market trends include The Kassiopeia project, for example, was established to create Ka-band GaN (gallium nitride) monolithic microwave IC (MMIC) and was led by Ferdinand-Braun-Institut in Germany and supported by the ESA (European Space Agency).

This project was created with the goal of delivering an independent value-added supply chain, with possible applications in radar and satellite technology. Furthermore, the telecom companies' heavy emphasis on expanding 5G networks would boost demand for monolithic microwave IC (MMIC) devices in the region.

Category-wise Outlook

What is the Growth Outlook for the Monolithic Microwave IC (MMIC) According to Different Segments?

Monolithic microwave IC (MMIC) market is segmented into component, technology, material type and region.

What is the key segment in the Monolithic Microwave IC (MMIC) Market based on Technology?

The E-PHEMT segment is leading in the monolithic microwave IC (MMIC) market, with the predicted CAGR of 9.2% during the forecast period. The constant expansion of the monolithic microwave IC (MMIC) market in this segment is due to the quick adoption of new technologies, such as E-pHEMT and mHEMT, as well as the existence of key MMIC manufacturers.

Due to the rising use of HEMTs in various applications that demand high gain and low loss at high frequencies, such as radars, imaging, microwave and millimeter-wave communication, and radio astronomy, among others, HEMT is a growing segment.

What is the Analysis of the Monolithic Microwave IC (MMIC) Market based on Material Type?

According to the monolithic microwave IC (MMIC) market analysis, gallium arsenide is the leading segment, with the predicted CAGR of 9.3% through 2032. When compared to other semiconductor materials utilized in MMICs, gallium arsenide produces less noise in devices. Furthermore, unlike silicon cells, gallium arsenide cells are relatively heat resistant.

Due to its high brightness emissions and intensities in opto-semiconductors, superior high frequency handling capacity, high-power efficiency, and flexibility to be used alongside various substrates such as sapphire, silicon, and Silicon Carbide, Gallium arsenide is an emerging alternative to pure silicon in the field of semiconductors and electronics (SiC).

What is the Competitive Analysis of the Monolithic Microwave IC (MMIC) Market?

Analog Devices, NXP Semiconductor, MACOM, Qorvo, and Skyworks Solutions are some major key players in the monolithic microwave IC (MMIC) market. It is expected from the legacy players to accelerate efforts to gain additional monolithic microwave IC (MMIC) market share through mergers, acquisitions, and alliances with the right injection of funds.

Both industry players and investors have been active in the investment activities that have provided impetus for software advancements, improving the monolithic microwave IC (MMIC) market statistics.

• United Silicon Carbide (UnitedSiC) (US), a leading manufacturer of silicon carbide (SiC) power semiconductors, was bought by Qorvo, Inc. in November 2021. United Silicon Carbide's acquisition broadens Qorvo's reach into the fast-growing markets of electric vehicles (EVs), industrial power, circuit protection, renewable energy, and data center power. Qorvo's Infrastructure & Defense Products (IDP) division will take over United Silicon Carbide.
• Skyworks Solutions, Inc., a developer of high-performance analogue semiconductors that link people, places, and things, completed the acquisition of Silicon Laboratories Inc.'s Infrastructure & Automotive business in July 2021. (US). The I&A business provides a diverse customer base to the company, allowing it to continue expanding into critical end markets and drive profitable growth in important industry categories, such as electric and hybrid vehicles, industrial, and consumer goods.

Key segments

• By Component :

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

• By Technology :

  • MESFET
  • HEMT
  • pHEMT
  • mHEMT
  • HBT
  • MOS

• By Material Type :

  • Gallium Arsenide
  • Indium Phosphide
  • Indium Gallium Phosphide
  • Silicon Germanium
  • Gallium Nitride

• By Region :

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • Latin America