Monolithic Microwave IC Market is predicted to reach USD 24.2 billion at a CAGR of 12.20% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Monolithic Microwave IC Market”.

The Monolithic Microwave IC Market is estimated to register a CAGR of 12.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Monolithic Microwave IC Market— OMMIC, Skyworks Solutions, Infineon Technologies, Analog Devices, NXP Semiconductors, MACOM, Mini-Circuits, Inc, Microarray Technologies, United Monolithic Semiconductors, Qorvo

Monolithic Microwave IC Market Highlights

The global Monolithic Microwave IC Market is accounted to register a CAGR of 12.20% during the forecast period and is estimated to reach USD 24.2 billion by 2032.

The deployment of 5G technologies and the accompanying increase in smartphone usage, as well as the increase in the number of space missions and projects, are some of the primary factors that are expected to drive the expansion of the monolithic microwave IC market. Furthermore, MMICs are integrated circuits that can function at a wide range of frequencies, from 300 MHz to hundreds of GHz. They are typically modest in size and manufactured on a large scale, thus they are also inexpensive. MICs' key functions include switching to higher frequencies, amplification of low noise and power levels, and microwave mixing. The number of MMIC users is increasing, resulting in increased data generation and transmission.

Segment Analysis

The global Monolithic Microwave IC Market has been segmented based component, material type, technology, frequency band and application.

The market is divided into components such as power amplifier, low-noise amplifier, attenuators, switches, phase shifters, mixers, voltage-controlled oscillators, and frequency multipliers. Power amplifiers are expected to develop at a quicker rate and dominate the market throughout the projection period. Power amplifiers are an important component in wireless communications that allows for efficient signal transmission.

The worldwide Monolithic Microwave IC Market is divided into gallium arsenide, indium phosphate, indium gallium phosphide, silicon germanium, and gallium nitride. Gallium arsenide material is expected to grow rapidly and dominate the market. Gas is preferred for high-frequency applications like as wireless and satellite communication due to its advantages over silicon in terms of weight, power consumption, and resilience to heat and moisture.

The worldwide Monolithic Microwave IC Market has been classified into HEMT, pHEMT, HBT, MESFET, mHEMT, and MOS based on technology. The HEMT category is likely to dominate the monolithic microwave IC market. This technology has applications in the telecommunications and defence industries due to its high gain and switching speed, low-noise operations, and high efficiency.

The global Monolithic Microwave IC Market is divided into W Band, V Band, L Band, Ka Band, S Band, K Band, Ku Band, and X Band frequency bands. The Ka band category is likely to increase more rapidly. The larger bandwidth of Ka-band ICs, as well as their application in satellite communications and emerging network technologies such as 5G, will push their acceptance in the coming years.

Consumer/enterprise Electronics, Wireless Communication Infrastructure, Automotive, Aerospace & Defence, CATV and Wired Broadband, Test and Measurement, and Others are the application segments of the worldwide Monolithic Microwave IC Market. Consumer electronics is expected to have the largest market share. The rising digitizations of various domains, as well as the use of cutting-edge technology such as automation, are generating a desire for higher data transfer rates.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Monolithic Microwave IC Market Research Report

Regional Analysis

The global Monolithic Microwave IC Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Monolithic Microwave IC Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Monolithic Microwave IC Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Monolithic Microwave IC Market comprises of Middle East, Africa, and Latin America.

North America dominates the global monolithic microwave IC market, due to the existence of the key significant actors. Furthermore, from 2023 to 2030, the rising use of monolithic microwave IC will boost the growth of the monolithic microwave IC market in the area.

Moreover, Europe is the market's second largest region for Monolithic Microwave ICs. Because of the existence of large semiconductor businesses, technical breakthroughs, and the demand for high-speed communication systems in industries such as aerospace, defence, and telecommunications, this is the case.

Additionally, Asia Pacific is the third largest market for Monolithic Microwave ICs. This is largely owing to China, Japan, and South Korea's rapid expansion in areas such as telecommunications, automobiles, and consumer electronics. The region's rising need for high-speed communication and connection is driving the use of Monolithic Microwave ICs, adding to the market's growth and significance.

Furthermore, the rest of the world's Monolithic Microwave IC Market is divided into the Middle East, Africa, and Latin America. The rising uses of modern communication technologies, as well as the development of the telecommunications industry in these countries, are boosting demand for Monolithic Microwave ICs. Furthermore, increased infrastructure investment and a greater emphasis on the defence and aerospace industries are driving market expansion in these areas.

Key Findings of the Study

• The global Monolithic Microwave IC Market is expected to reach USD 24.2 billion by 2032, at a CAGR of 12.20% during the forecast period.


• Europe is the second-largest market for Monolithic Microwave ICs because of the existence of large semiconductor businesses.


• Consumer electronics will have the biggest market share.


• OMMIC, Skyworks Solutions, Infineon Technologies, Analog Devices, NXP Semiconductors, MACOM, Mini-Circuits, Inc, Microarray Technologies, United Monolithic Semiconductors, Qorvo