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Monolithic Microwave IC (MMIC) Market By Component Segment (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Other), By Material Type (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, 2019 - 2027

Increased Demand for MMICs in the Smartphone Industry is Propelling the Growth of the Monolithic Microwave IC Market.

Globally, the monolithic microwave IC (MMIC) market is anticipated to grow with a CAGR of more than 10.9% during the forecast period from 2019 to 2027, starting from US$7.2 Bn in 2018.

Globally, MMIC devices are used as components of choice for numerous high-frequency applications. The adoption of MMIC is based mainly upon the advantages of these devices, such as their reduced size, low cost, and high reproducibility capabilities. These devices usually perform microwave mixing, high-frequency switching, low-noise amplification, and power amplification. The global MMIC market is experiencing a boost based on its increasing smartphone implementation. The rapid development of the smartphone industry has primarily contributed to the growing market size and growth of this market.

Additionally, various industrial sectors, such as defense, aerospace, and wireless communication organizations, are increasingly adopting the E band to meet the increasing bandwidth requirements. Furthermore, increasing spending in the military and defense industry across the globe is driving the growth of the MMIC market. Moreover, the rapid evolution of 5G technology and the growing number of space programs are also fueling the demand for MMIC globally.

However, factors such as the high development cost of MMIC and maintaining the quality and robustness of MMICs are likely to hinder the adoption and market growth of MMIC during the forecast period.

Market Synopsis

The attenuators segment is expected to display significant growth opportunities during the forecast period.

Based on the component, the attenuators segment will experience rapid growth during the forecast period. Attenuators are extensively used in telecommunication and electronic applications, primarily to adjust signal levels. MMIC can not only adjust the signal levels but also compensate for fundamental deviations in operating temperature.

Attenuators are commonly used in applications that require a reasonable amount of modifiable attenuation control from direct current to millimeter frequencies. Furthermore, in test equipment and military and commercial systems, MMIC attenuators are ideally used for high-frequency and broadband communication.

They can also be used as a general-purpose building block in communication systems. These MMIC attenuators' applications have created a considerable demand for this component in the end-use industry. This high demand is expected to significantly contribute to the growth of the MMIC attenuators market during the forecast period.

Asia Pacific is projected to grow at the highest CAGR shortly.

Asia Pacific dominates the monolithic microwave IC market, holding the largest market share of nearly 38% of worldwide revenue. The high market shares of Asia-Pacific can be primarily attributed to increasing penetration in the field of high-speed advanced mobile technologies and the extraordinary adoption of smartphones in this region. In addition, the growing penetration of advanced technologies and the internet in this region has increased the use of mobile services such as social media, video, e-commerce, and financial transactions.

Countries such as China, India, Korea, and Japan are home to various telecommunications and smartphone developers. Furthermore, growing terrorism activities in this region have resulted in a rise in military expenditure. Moreover, increased focus by government and private organizations on the development of the automotive industry and technological advances in MMICs are also expected to contribute to the growth of the MMIC market in this region.

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 and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, the compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Monolithic Microwave IC Market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global monolithic microwave IC market based on component, material type, technology, frequency band, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of monolithic microwave IC in 2018 and the forecast up to 2027?
  • Which is the largest regional market for the attenuators segment?
  • What significant trends followed in the monolithic microwave IC market across different regions?
  • Who are the critical monolithic microwave IC companies leading the market?
  • What key strategies are adopted by the leading monolithic microwave IC companies?

Unique data points of this report

  • Statistics on monolithic microwave IC penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of monolithic microwave IC for various applications in various industries
  • Notable developments are going on in the monolithic microwave IC industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

 

The market for Monolithic Microwave IC Market is expected to reach USD$ 7.2 Bn in 2027.

The Monolithic Microwave IC Market is expected to see significant CAGR growth over the coming years, at 10.9%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

ADI, Northrop Grumman, Cree Inc., NXP Semiconductors N.V., Arralis Ltd., Microchip Technology, ASB Inc,are some of the major players in the global market.

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Published Date:  Jul 2019
Category:  Semiconductor & Electronics
Report ID:   59774
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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