Monolithic Microwave IC Market Trends

Global Monolithic Microwave IC Market Overview

Monolithic Microwave IC Market Size was valued at USD 8.6 Billion in 2022. The Monolithic Microwave IC Market industry is projected to grow from USD 9.6 Billion in 2023 to USD 24.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2023 - 2032). Increasing demand for wireless communication and the growing adoption of 5G technologies are the key market drivers enhancing the market growth.

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

Monolithic Microwave IC Market Trends

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  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.

Monolithic Microwave IC Market Segment Insights

Monolithic Microwave IC Component Insights

The Monolithic Microwave IC Market segmentation, based on Component includes power Amplifier, low-noise Amplifier, attenuators, switches, phase shifters, mixers, voltage-controlled oscillators, frequency multipliers. During the forecast period, the power amplifiers category is predicted to grow at a faster rate and dominate the market. Power amplifiers are a significant component used in wireless communications for efficient signal transmission. They also support high frequencies and are dependable, making them popular for military applications. Furthermore, the deployment of 5G networks is expected to increase demand for power amplifiers for mobile phones.

Monolithic Microwave IC Material Type Insights

The Monolithic Microwave IC Market segmentation, based on Material Type, includes gallium arsenide, indium phosphate, indium gallium phosphide, silicon germanium and gallium nitride. The gallium arsenide category is predicted to increase significantly and dominate the market. The benefits that Gas has over silicon in terms of weight, power consumption, and resistance to heat and moisture make it popular for high-frequency applications such as wireless and satellite communication.

Figure1: Monolithic Microwave IC Market, by Material Type, 2022 & 2032 (USD Billion)

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

Monolithic Microwave IC Technology Insights

Based on technology, the worldwide Monolithic Microwave IC Market is divided into HEMT, pHEMT, HBT, MESFET, mHEMT, and MOS segments. 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.

Monolithic Microwave IC Frequency Band Insights

W Band, V Band, L Band, Ka Band, S Band, K Band, Ku Band, and X Band are the frequency band segments of the Monolithic Microwave IC Market. 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.

Monolithic Microwave IC Application Insights

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. The consumer/enterprise electronics category is expected to have the largest market share. The rising digitalization of many domains, as well as the use of cutting-edge technologies such as automation, is generating a demand for greater data transmission rates.

Monolithic Microwave IC Regional Insights

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.

Monolithic Microwave IC Key Market Players & Competitive Insights

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

Key Companies in the Monolithic Microwave IC market include

• OMMIC


• Skyworks Solutions


• Infineon Technologies


• Analog Devices


• NXP Semiconductors


• MACOM


• Mini-Circuits, Inc


• Microarray Technologies


• United Monolithic Semiconductors


• Qorvo

Monolithic Microwave ICIndustry Developments

In June 2022, Qorvo has introduced a 20W GaN-on-SiC power amplifier (PA) for military and commercial satellite applications, including low-Earth orbit constellations. Qorvo's QPA1724 amplifier runs at 17.3 to 21.2 GHz (Ku-K Band) and provides twice the power of competitive PAs in a compact surface mount device, as well as good wideband linear power, gain, and power added efficiency.

In January 2023, Geoff Tucker, director of RF systems engineering in NXP Semiconductors' Radio Power division, stated, "We are working on GaN-on-silicon for mmWave, and we offer a wide range of RF power devices, including GaN-on-silicon, silicon LDMOS, silicon germanium (SiGe), and gallium arsenide (GaAs) technologies."

Monolithic Microwave IC Market Segmentation

Monolithic Microwave IC Component Outlook

• Power Amplifier


• Low-noise Amplifier


• Attenuators


• Switches


• Phase Shifters


• Mixers


• Voltage-controlled Oscillators


• Frequency Multipliers

Monolithic Microwave IC Material Type Outlook

• Gallium Arsenide


• Indium Phosphate


• Indium Gallium Phosphide


• Silicon Germanium


• Gallium Nitride

Monolithic Microwave IC Technology Outlook

• HEMT


• pHEMT


• HBT


• MESFET


• mHEMT


• MOS

Monolithic Microwave IC Frequency Band Outlook

• W Band


• V Band


• L Band


• Ka Band


• S Band


• K Band


• Ku Band


• X Band

Monolithic Microwave IC Application Outlook

• Consumer/enterprise Electronics


• Wireless Communication Infrastructure


• Automotive


• Aerospace & Defense


• CATV and Wired Broadband


• Test and Measurement


• Others

Monolithic Microwave IC Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America