Monolithic Microwave IC Market

• Rising Demand for MMICs from the Smartphone Sector Propels Market Growth

The growing need for MMICs in the smartphone industry is propelling the global MMIC market CAGR. MMICs are used in smartphones to enhance data transfer rates and receive weak signals more efficiently. These circuits enhance data throughput within a given bandwidth by providing high-linearity performance with near peak output, which is essential for complicated modulation. The usage of MICs in smartphones also offers the maximum network efficiency with reduced transmission power and lowest bit error rates.

Over the last decade, the global adoption of cellphones has skyrocketed. This surge in smartphone users can be ascribed to the decreasing cost of cellphones, improved living standards, and the Internet's ubiquity. According to the Groupe Speciale Mobile Association (GSMA), mobile operators worldwide would invest USD 620 billion in their networks between 2022 and 2025, with 5G accounting for 85% of that investment. China, the world's largest consumer electronics market, is predicted to have more than 1 billion smartphone users by 2022. India has the potential to grow tremendously in the market, with -800 million mobile connections added by 2022.

Moreover, governments throughout the world are emphasizing the update of defence inventories and technology in order to improve their military capabilities. This increased investment in the defence sector creates a demand for improved communication and radar systems, which rely significantly on Monolithic Microwave ICs. These integrated circuits are suited for defence applications due to their high performance, small size, and dependability. As a result, the Monolithic Microwave IC market is expanding as defence companies aim to update their equipment and stay ahead in an increasingly competitive global security scene.

The Global Monolithic Microwave IC Market Industry is poised for substantial growth, with projections indicating a market size of 10.8 USD Billion in 2024. This growth trajectory is expected to accelerate, reaching an estimated 38.2 USD Billion by 2035. The compound annual growth rate of 12.2% from 2025 to 2035 reflects the increasing demand for microwave ICs across various sectors, including telecommunications, defense, and automotive. This upward trend suggests a robust market environment, driven by technological advancements and the expanding applications of microwave integrated circuits. The anticipated growth underscores the industry's potential to adapt and thrive in a dynamic global landscape.

The rise of smart technologies, including smart cities and smart homes, is a pivotal driver for the Global Monolithic Microwave IC Market Industry. These technologies require efficient communication systems that utilize microwave ICs for data transmission and processing. As urbanization accelerates, the demand for smart infrastructure is likely to increase, necessitating advanced microwave solutions. This trend aligns with the projected market growth, as the industry adapts to meet the needs of these emerging technologies. The anticipated CAGR of 12.2% from 2025 to 2035 indicates a strong potential for growth, as smart technologies continue to evolve and integrate into everyday life.

Technological advancements in semiconductor manufacturing are significantly influencing the Global Monolithic Microwave IC Market Industry. Innovations such as GaN and SiGe technologies are enabling the production of high-performance microwave ICs that offer improved efficiency and reduced power consumption. These advancements are crucial for applications in telecommunications, aerospace, and defense sectors. As manufacturers adopt these cutting-edge technologies, the market is likely to benefit from enhanced product offerings. The anticipated compound annual growth rate of 12.2% from 2025 to 2035 underscores the potential for growth driven by these technological improvements, positioning the industry for a transformative evolution.

The Global Monolithic Microwave IC Market Industry is experiencing a surge in demand driven by the proliferation of wireless communication technologies. As mobile devices and IoT applications become increasingly prevalent, the need for efficient microwave integrated circuits is paramount. In 2024, the market is projected to reach 10.8 USD Billion, reflecting the growing reliance on high-frequency communication systems. This trend is expected to continue, with the market potentially expanding to 38.2 USD Billion by 2035, indicating a robust growth trajectory. The increasing adoption of 5G technology further amplifies this demand, as it necessitates advanced microwave components for enhanced performance.

The Global Monolithic Microwave IC Market Industry is significantly bolstered by the increasing investments in defense and aerospace applications. Governments worldwide are prioritizing advanced radar and communication systems, which rely heavily on microwave ICs for their functionality. The demand for sophisticated military equipment and satellite communications is driving the need for high-performance microwave components. This sector is expected to contribute substantially to the market's growth, as defense budgets continue to expand. The integration of advanced microwave technologies in these applications suggests a promising outlook for the industry, potentially leading to a market valuation of 38.2 USD Billion by 2035.

Investment in research and development is a critical factor propelling the Global Monolithic Microwave IC Market Industry forward. Companies are increasingly allocating resources to innovate and enhance microwave IC technologies, aiming to improve performance and reduce costs. This focus on R&D is essential for maintaining competitiveness in a rapidly evolving market. As new applications emerge, particularly in telecommunications and automotive sectors, the need for advanced microwave solutions becomes more pronounced. The ongoing commitment to innovation suggests that the market will continue to thrive, with projections indicating a significant increase in market size, potentially reaching 38.2 USD Billion by 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America controls the worldwide monolithic microwave IC market owing to the occurrence of the primary significant actors. Furthermore, the increased usage of monolithic microwave IC will drive the growth of the monolithic microwave IC market in the area from 2023 to 2030.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: MONOLITHIC MICROWAVE IC MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Monolithic Microwave IC Market accounts for the second-largest market share because of the existence of established semiconductor manufacturers and the demand for improved communication systems in numerous sectors. Further, the Germany Monolithic Microwave IC Market held the largest market share, and the UK Monolithic Microwave IC Market was the fastest growing market in the European region

The Asia-Pacific Monolithic Microwave IC Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising of several vendors. Furthermore, the rate of smartphone acceptance is increasing. Moreover, China’s Monolithic Microwave IC Market held the largest market share, and the Indian Monolithic Microwave IC Market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Monolithic Microwave IC Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Monolithic Microwave IC industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Monolithic Microwave IC industry to benefit clients and increase the market sector. In recent years, the Monolithic Microwave IC industry has offered some of the most significant advantages to medicine. Major players in the Monolithic Microwave IC Market, including OMMIC, Skyworks Solutions, Infineon Technologies, Analog Devices, NXP Semiconductors, MACOM, Mini-Circuits, Inc, Microarray Technologies, United Monolithic Semiconductors, Qorvo and others, are attempting to increase market demand by investing in research and development operations.

Qorvo is an American multinational corporation that manufactures equipment for the wireless, wired, and power sectors. The firm was formed via the 2014 merger of TriQuint Semiconductor and RF Micro Devices, which was completed on January 1, 2015. It is traded on Nasdaq under the name QRVO. Originally, the business's offices were in both Hillsboro, Oregon (home of TriQuint) and Greensboro, North Carolina (home of RFMD), but in mid-2016, the company began referring to its North Carolina location as its exclusive headquarters.

In  November 2021, United Silicon Carbide (UnitedSiC) (US), a leading manufacturer of silicon carbide (SiC) power semiconductors, was bought by Qorvo, Inc. Qorvo's acquisition of United Silicon Carbide broadens its presence in the rapidly increasing markets of electric vehicles (EVs), industrial power, circuit protection, renewables, and data centre power. United Silicon Carbide will be integrated into Qorvo's Infrastructure & Defence Products (IDP) division.

MACOM Technology Solutions is a developer and manufacturer of semiconductor devices and components for radio, microwave, and millimetre wave applications. The corporation is headquartered in Lowell, Massachusetts, and was the city's largest private employer in 2005. MACOM is ISO 9001 international quality standard and ISO 14001 environmental standard certified. North America, Europe, Asia, and Australia all have design centres and sales offices. In April 2022, The US Department of Defence (US) has given MACOM Technology Solutions Holdings, Inc. a contract to create a high-power transmitter.

MACOM is required to create a 45-Kilowatt Radio Frequency (RF) transmitter employing new Gallium Nitride (GaN) semiconductor and antenna beamforming technology under the terms of the contract. MACOM's solution is based on its best-in-class proprietary MACOM PURE CARBIDE. Expertise in integrating Ga components and power