Monolithic Microwave IC (MMIC) Market By Component Segment (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Other), By Material (Gallium Arsenide, Indium Phosphide, Silicon Germanium), By Technology Protocol (Metal-Semiconductor Field-Effect Transistor, Other), By Frequency Band (L Band (1–2 GHz), S Band (2–4 GHz, Other), By Application (Automotive, CATV And Wired Broadband, Others) - Growth, Future Prospects And Competitive Analysis, 2024 - 2032

01 Dec 2019 Format

Globally, the monolithic microwave IC (MMIC) market is anticipated to grow with a CAGR of more than 10.4% during the forecast period from 2023 to 2030. Globally, MMIC devices are used as component of choice for numerous high-frequency applications. The adoption of MMIC is largely based upon the advantages of these devices such as reduced size, low cost, and high reproducibility capabilities. Global MMIC market is experiencing a boost based on its increasing implementation in smartphones. Rapid development of smartphone industry has largely contributed to increasing market size and the growth of this market.

Global Monolithic Microwave IC Market, by Component, 2021 (US$ Mn)

Based on component, power amplifiers have the largest market revenues. Power amplifiers accounted to the largest share of about 20% of market revenues. Low noise amplifiers market was the second-largest market segment that accounting to about 18% of the market revenues.

Global Monolithic Microwave IC Market, by Material Type, 2021 (US$ Mn)

Based on material type, gallium arsenide market had the largest market revenues. Gallium arsenide market and accounted to the largest share of about 32% of market revenues in 2020. Indium phosphide remained as the second largest market segment that reached that accounted to about 28% of the market revenues.

Global Monolithic Microwave IC Market, by Technology Protocol, 2021 (US$ Mn)

Based on technology protocol, metal-semiconductor field-effect transistor had the largest market revenues. Metal-semiconductor field-effect transistor market accounted to the largest share of about 54% of market revenues. High electron mobility transistor remained as the second-largest market segment that reached that accounted to about 6% of the market revenues.

Global Monolithic Microwave IC Market, by Geography, 2021 (US$ Mn)

Based on geography, Asia Pacific market had the largest market revenues. MMIC market for APAC accounted to the largest share of about 39% of market revenues. MMIC market for North America was the second-largest market segment that reached accounted to about 28% of the market revenues.

Competitive Rivalry to Intensify During the Forecast Period

The intensity of competitive rivalry in the global MMIC market is expected to shift from moderate in 2020 to high in 2030 over the forecast period. The major companies are engaged in research and development activities to make their products cost-effective for the consumers. Companies are trying to compete with one another by providing the same characteristics and similar prices or similar features at competitive prices. Companies are focusing on new product development, collaborative research, and partnering with telecom and other end-user companies to explore MMIC technology’s full potential which is also increasing the competition. In the forecast period, the intensity of competitive rivalry is expected to intensify owing to the growing adoption of MMIC technology across various verticals such as mobile and telecom, consumer and commercial, and military. Some of the prominent players operating in the Monolithic Microwave IC Market include ON Semiconductor, Texas Instruments Incorporated, ADI, Northrop Grumman, Cree Inc., NXP Semiconductors N.V., Arralis Ltd., Microchip Technology, ASB Inc., Mitsubishi Electric Corporation, Skyworks Solutions, Inc., Microwave Technology, MACOM Technology Solutions, and Microarray Technologies.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Monolithic Microwave IC (MMIC) market are as follows:

Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Monolithic Microwave IC (MMIC) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE	DETAILS
Research Period	2022-2032
Base Year	2023
Forecast Period	2024-2032
Historical Year	2022
Unit	USD Million
Segmentation
	Component Power Amplifiers Low Noise Amplifiers Attenuators Switches Phase Shifters Mixers Voltage-Controlled Oscillators Frequency Multipliers
	Material Gallium Arsenide Indium Phosphide Silicon Germanium Gallium Nitride Indium Gallium Phosphide
	Technology Protocol Metal-Semiconductor Field-Effect Transistor High Electron Mobility Transistor Pseudomorphic High Electron Mobility Transistor Enhancement-Mode Pseudomorphic High Electron Mobility Transistor Metamorphic High Electron Mobility Transistor Heterojunction Bipolar Transistor Metal-Oxide Semiconductor
	Frequency Band L Band (1–2 GHz) S Band (2–4 GHz) C Band (4–8 GHz) X Band (8–12 GHz) Ku Band (12–18 GHz) K Band (18–27 GHz) Ka Band (26.5–40 GHz) V Band (40–75 GHz) W Band (75–110 GHz)
	Application Consumer/Enterprise Electronics Wireless Communication Infrastructure Automotive Aerospace & Defense CATV and Wired Broadband Others
	Region Segment (2022-2032; US$ Million) North America U.S. Canada Rest of North America UK and European Union UK Germany Spain Italy France Rest of Europe Asia Pacific China Japan India Australia South Korea Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East and Africa GCC Africa Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Monolithic Microwave IC (MMIC) market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Monolithic Microwave IC (MMIC) market?
Which is the largest regional market for Monolithic Microwave IC (MMIC) market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Monolithic Microwave IC (MMIC) market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Monolithic Microwave IC (MMIC) market worldwide?