Monolithic Microwave IC (MMIC) Market

Monolithic Microwave IC Market Outlook (2024 to 2034)

The global monolithic microwave IC market was valued at US$ 10,850.4 million in 2023 and has been forecasted to expand at a noteworthy CAGR of 9.8% to end up at US$ 30,344.0 million by 2034.

Microwave Monolithic Integrated Circuits are specialized semiconductor devices that are designed and operate at microwave and millimeter wave frequencies above 1 GHz. This is one part of the entire industry, typically 1-3% for MMICs, which is expected to increase and do it rapidly in upcoming years.

This is due to the rapid development of 5G technology and increasing demand for MMICs in several sectors, including automotive, defense, and telecommunications. As 5G deployment progresses and needs for high-frequency, high-performing electronics rise consequently, MMIC market will be on the rise which will provide more opportunities for suppliers and manufacturers within this specialized field of semiconductor technology.

Report Attributes	Details
Monolithic Microwave IC Market Size (2023A)	US$ 10,850.4 Million
Estimated Market Value (2024E)	US$ 11,913.8 Million
Forecasted Market Value (2034F)	US$ 30,344.0 Million
Global Market Growth Rate (2024-2034)	9.8% CAGR
East Asia Market Share (2024)	43.2%
China Market Growth Rate (2024-2034)	10.6% CAGR
Key Companies Profiled	Analog Devices; ASB Inc.; Infineon Technologies AG; MACOM; Microchip Technology; Mini-Circuits; NXP Semiconductor; OMMIC; Qorvo; Semiconductor Components Industries; Skyworks Solutions; STMicroelectronics N.V.; Texas Instruments; Toshiba Infrastructure; United Monolithic Semiconductors; WIN Semiconductors Corp; Other Prominent Players.

Historic Analysis (2019 to 2023) and Future (2024 to 2034) Pathway Analysis for the monolithic microwave IC market

The global Monolithic Microwave Integrated Circuits (MMIC) market hit USD 10,850.4 million in 2023 showing a 7.8% year-on-year increase from 2019 to 2023. This upward trend looks set to continue, due to the progress in 5G tech growing telecom infrastructure, and more uses in defense and car industries. During the historic period, the market is witnessed with substantial investment into wireless communication and high-frequency uses. Looking ahead to 2024-2034, the market is projected to have new technological advancement, with new ideas in high-frequency tech and higher demand for MMICs across many fields, like aerospace, defense, and gadgets we use every day.

• Short Term (2024 to 2028): In the short term, the MMIC market will demonstrate robust growth with higher installations of 5G networks and increased usage of high-frequency components in telecommunication and defense applications. More technological advancements and high adoption of advanced electronics move the market dynamics upward, with very high investments in research and development aimed at improving MMIC performance and its applications.
• Medium Term (2028 to 2030): The medium term, that is, from 5G being mainstream and new technologies coming alive, such as advanced radar and satellite communication systems, the MMIC market is expected to grow significantly. Automotive applications and IoT devices wherein the MMICs are highly integrated shall be key growth drivers, sustained by further innovation and up-gradation in process technology. The market can also observe intensified competition with relentless technological evolution.
• Long Term (2030 to 2034): With the development of next-generation communication technologies such as 6G, the MMIC market is expected to grow in the long term. As time goes on, an increasing number of applications requiring high frequency and high performance are going to be driving the MMIC market in defense aerospace and advanced consumer electronics. Further improvement in materials and design methodologies is on the pipeline, which may enlarge the MMIC capability or application areas.

On the back of the aforementioned facts, the Monolithic Microwave IC market is anticipated to grow at a CAGR of 9.8% during the forecast period from 2024-2034, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the Factors Propelling Global Sales of Monolithic Microwave IC?

“Increasing Demand for MMIC in the Smartphone Industry”

The surging demand for smartphones worldwide is acting like a driver for the growth of the MMIC market. In addition, the central role of MMICs is in smartphones, since they improve the weak signal reception and data transfer rates by efficiently ensuring high throughput within the available bandwidth. This is made possible by high-linearity performance and complex modulation capabilities of MMICs that enable network efficiency to be further enhanced by reducing transmission power and bit error rates.

This growth has been driven by increasing smartphone penetration, triggered by their falling costs, coupled with the pervasiveness of the internet. According to reports, major markets like China and India are going to register exponential growth with more than 1 billion smartphone users in China by the end of 2024 and an additional of around 800 million mobile connections in India by the same year. The overall MMIC market across the world would receive a boost, as it is highly dependent on advanced MMIC technology, which is evolving continuously in the industry of smartphones.

“Surging Adoption of MMICs within the Automotive Sector”

The application of Monolithic Microwave Integrated Circuits, or MMICs, in the automotive sector has grown at a considerably faster rate. This might be as a result of the increasing trend for sophisticated driver-assistance systems like driverless vehicles and advanced driver aid systems such as ADAS.

These rely heavily on sensory and radar technologies, which demand for real-time high frequency signal processing to gather and analyze information. MMICs can be used to accurately measure distances, speeds, and objects thus enabling vehicles to rapidly respond to their environments. Thus it is essential for features like autonomous driving, collision avoidance systems, adaptive cruise control, lane departure warning among others.

With increased customer demand for greater automation combined with stricter automobile safety requirements driving the need for high performance MMICs. Precision design and efficiency has been made possible through MMICs that provide this accuracy and reliability necessary to bring these new technologies into today’s cars. Therefore one of the major driving forces behind market growth of MMIC pertains to rising automotive automation & safety concerns.

What are the Key Factors Hampering the Growth of Monolithic Microwave IC Market?

“Cost Challenges in MMIC Development and Manufacturing”

The development of MMIC technology faces significant financial hurdles, as the foundational technologies are still in their early stages of advancement. Moreover, MMICs are typically produced in smaller volumes, leading to higher manufacturing expenses. The demand for MMICs spans both commercial and defense sectors, but the technology remains costly due to the specialized materials involved in its production.

These materials, known for their high cost, limited availability, and potential toxicity, further drive up manufacturing expenses. As a result, these material and production-related factors contribute to an increase in the overall cost throughout the MMIC supply chain. Despite the strong market demand, the high costs associated with development and production pose challenges for widespread adoption of MMIC technology.

Country-wise Insights

Why is Adoption of Monolithic Microwave IC High in the United States?

“Extensive Adoption of Smart Phone & Moving Consumer towards High Speed Mobile Technologies”

For the monolithic microwave IC (MMIC) market, North America is the dominant region with a projected CAGR of 10.6% till 2034.

The MMIC market in the United States is gaining prime momentum because of advancements in 5G technology, aerospace, and defense sectors. Some major drivers include the increasing demand for high-frequency components in telecommunication infrastructure and integration of MMICs in advanced radar systems and satellite communications. Another emerging trend is the proliferation of IoT devices and a push toward autonomous vehicles.

Long-term investments in research and development are further enhancing MMIC performance and functionality. The next decade will still see strong growth in the market as next-generation communication technologies and defense applications are showcased. Increasingly complex electronic systems and a growing interest in high-frequency, high-performance components will remain the principal drivers. As technology advances, the U.S. It is envisaged that material science innovations and their associated manufacturing processes will further continue to benefit MMICs and provide solid growth.

Why is China a Lucrative Market for Robot Cell Manufacturers?

“Technological Advancements and Strategic Initiatives Drive Growth”

MMIC market in China has grown notably during the past few years due to the country's rapid growth in technology and increased demand for high-frequency applications. MMIC market has been driven by Chinese initiatives such as 5G rollouts, defense expansion, and satellite communication.

To minimize reliance on foreign suppliers, firms from China namely HiSilicon, CETC, and SMIC have invested considerably into MMIC technological advancements. The domestic production capabilities of MMIC have been assisted by the ‘Made in China 2025’ program.

It is possible to use it for a number of purposes such as mobile devices, radar systems, and satellite communications. GaAs and GaN technologies are increasingly popular with a focus being directed towards the development of advanced compound semiconductor processes.

However, self-sufficiency in high-end MMIC production remains a challenge for China despite some strides made towards this goal. Increased efforts at promoting indigenous innovation and alternative supply chains are among the outcomes of ongoing trade tensions between China and the United States which have affected access to certain technologies.

In general, numerous factors indicate that China’s MMIC market has bright prospects including but not limited to government support programs aimed at increasing domestic competitiveness and demand across diverse industries.

Category-wise Insights

Which Technology is Widely Preferred for the Production of Monolithic Microwave IC?

“pHEMT Technology Gains Popularity for High-Performance MMIC Production”

The pHEMT (Pseudomorphic High Electron Mobility Transistor) technology has become extremely well-liked within the Monolithic Microwave Integrated Circuit (MMMC) market because of its excellent performance features. This innovative semiconductor structure provides high electron mobility, low noise figures, and outstanding operation at high frequencies, which makes it suitable for use in 5G networks, radar systems, and satellite communications.

PHEMT can be employed in several types of circuits including low-noise amplifiers, power amplifiers, and switches. Increased demands for high-performance RF solutions are what make this technology get more attention within an expanding Internet of Things (IoT) ecosystem as well as within the aerospace & defense sectors.

The advancements made in production processes have been aimed at improving cost-effectiveness and reliability thereby increasing the market share of pHEMT devices For as long as there is no major change in Wi-Fi techniques that go beyond all recognized barriers except ones that violate laws of physics in MMIC industry. To do so might mean looking at it from below wires. The most dynamic part is not just a line but also uses some analytical perspective in-millimeter-wave specifications compared with other more portable ranges.

Why Does Gallium Arsenide Material Account for Leading Share in Monolithic Microwave IC?

“Superior Performance and Efficiency”

The MMIC market analysis reveals that gallium arsenide is the leading segment with a predicted CAGR of 11.7% through 2034. On the other hand, it produces lesser noise when compared to various semiconductor materials used in MMICs. In addition, unlike silicon cells, gallium arsenide cells are more resistant to heat than their counterparts.

The opto-semiconductors have high brightness emissions and intensities, superior high-frequency handling capacity, high power efficiency, and the flexibility for different substrates like sapphire, silicon or silicon carbide making gallium arsenide a new winner over pure silicon in semiconductors as well as electronics area. (SiC).

Competitive Landscape

Key players in the monolithic microwave IC industry are Analog Devices, ASB Inc., Infineon Technologies AG, MACOM, Microchip Technology, Mini-Circuits, NXP Semiconductor, OMMIC, Qorvo, Semiconductor Components Industries, Skyworks Solutions, STMicroelectronics N.V., Texas Instruments, Toshiba Infrastructure, United Monolithic Semiconductors, and WIN Semiconductors Corp.

Manufacturers in the MMIC industry are following key trends such as expanding their product portfolios with high-performance, cost-efficient technologies, emphasizing innovation in radar and low-noise amplifiers for advanced applications like autonomous driving, 5G, and defense. Acquisitions and expansions are driving market penetration into high-growth areas like electric vehicles, industrial power, and renewable energy.

• In November 2023, AmpliTech Group Inc. rolled out new products: pHEMT MMIC-based low-noise amplifiers and coaxial in-line band-pass filters targeted toward satellite communications, telecom 5G and IoT, and defense markets. This tacks on more weight to the product line of AmpliTech, underlining a very strong commitment to high performance with cost efficiency, thereby increasing its competitive advantage in RF technologies.
• In November 2022, Infineon Technologies introduced the CMOS transceiver MMIC CTRX8181 to bolster automotive radar performance. With increased range, higher angular resolution, and compliance with ISO26262 safety standards, this transceiver makes advanced driver assistance systems and future SAE Level 4 autonomous driving possible. In addition, advancements in this radar can support scalable radar solutions for different requirements at the levels of cost and performance.

Fact.MR has provided detailed information about the price points of key manufacturers of monolithic microwave ICs positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Monolithic Microwave IC Industry Research

• 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 :

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

• By End-Use Vertical :

  • Consumer / Enterprise Electronics
  • Wireless Communication Infrastructure
  • Automotive
  • Aerospace & Defense
  • Test & Measurement
  • CATV & Wired Broadband
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa