What Is The Current and Historic Market Size Analysis Of The Monolithic Microwave IC Market?
The monolithic microwave ic market has seen considerable growth due to a variety of factors.
•The market size for monolithic microwave ic has seen a swift increase in the past few years. The market is projected to expand from $10.99 billion in 2024 to $12.25 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%.
The preceding growth can be linked to the development of wireless communication, satellite communication, an increasing need for broadband services, applications in defense and aerospace, and usage in medical imaging applications.
What Are The Predictions for The Monolithic Microwave IC Market Size In The Coming Years?
The monolithic microwave ic market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of monolithic microwave ic is anticipated to experience a significant expansion in the forthcoming years, reaching $18.82 billion in 2029 with a compound annual growth rate (CAGR) of 11.3%.
This growth during the projection period can be credited to factors such as the escalating demand for bandwidth, environmental sensing and weather tracking, energy efficiency strategies, Internet of Things (IoT) connectivity, smart city projects, industrial automation and swift urbanization. Key trends anticipated throughout the forecast period incorporate environment-friendly manufacturing, integration with artificial intelligence (AI), progress in silicon photonics technology, machine learning integration, and cutting-edge packaging technologies.
Which Drivers Are Accelerating Growth In The Monolithic Microwave IC Market?
The anticipated surge in defense expenditure is projected to stimulate the expansion of the monolithic microwave integrated circuit (MMIC) market. This type of spending is applied to military and defense-related costs by governments. The development of sophisticated MMICs, which are critical for defense utilities, are aided by elevated defense expenditures. For advanced RF and microwave usages such as radar, guidance for ammunition, and electronic warfare (EW), MMICs are employed. As per the data from the Stockholm International Peace Research Institute, an independent global security source based in Sweden, the total worldwide military expenditure hit $2,443 billion in 2023, demonstrating a 6.8% real-term rise compared to 2022. Thus, amplified defense expenditure is the driving force behind the expansion of the MMIC market.
What Are The Core Segments Of The Global Monolithic Microwave IC Market?
The monolithic microwave ic market covered in this report is segmented –
1) By Component: Power Amplifiers, Low-Noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, Voltage-Controlled Oscillators, Frequency Multipliers
2) By Type Of Material: Gallium Arsenide, Indium Phosphide, Indium Gallium Phosphide, Silicon Germanium, Gallium Nitride
3) By Frequency Band: W Band, V Band, L Band, Ka Band, S Band, K Band, C Band, Ku Band, X Band
4) By Technology: Metal-Semiconductor Field-Effect Transistor, High Electron Mobility Transistor, Pseudomorphic High Electron Mobility Transistor, Enhancement-Mode Pseudomorphic High Electron Mobility Transistor, Metamorphic High Electron Mobility Transistor, Heterojunction Bipolar Transistor, Metal-Oxide Semiconductor
5) By Application: Consumer Or Enterprise Electronics, Wireless Communication Infrastructure, Automotive, Aerospace And Defense, CATV And Wired Broadband, Test And Measurement, Other Applications
Subsegments:
1) By Power Amplifiers: Class A Power Amplifiers, Class AB Power Amplifiers, Class C Power Amplifiers
2) By Low-Noise Amplifiers: Broadband Low-Noise Amplifiers, Narrowband Low-Noise Amplifiers
3) By Attenuators: Fixed Attenuators, Variable Attenuators
4) By Switches: RF Switches, Analog Switches, Digital Switches
5) By Phase Shifters: Analog Phase Shifters, Digital Phase Shifters
6) By Mixers: Active Mixers, Passive Mixers
7) By Voltage-Controlled Oscillators: Tunable VCOs, Fixed Frequency VCOs
8) By Frequency Multipliers: Doubler Frequency Multipliers, Tripler Frequency Multipliers, Higher Order Multipliers
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Which Emerging Trends Are Reshaping The Monolithic Microwave IC Market Size?
The surge of product innovation is an emerging trend in the monolithic microwave IC market. To maintain their competitive edge, major firms operating in this sector are striving to develop new products and solutions. For example, in November 2022, the Germany-based semiconductor manufacturer, Infineon Technologies AG, rolled out their new CMOS transceiver MMIC CTRX8181, designed for automotive radar. This system offers a flexible and scalable platform for new software-defined vehicle designs and for an array of sensors including those used in corner, front, and short-range radars. The state-of-the-art CTRX8181 transceiver is designed to provide precise object separation and detection to protect vulnerable road users like cyclists, pedestrians, and motorcyclists. The transceiver's linearity and enhanced signal-to-noise ratio deliver high system-level performance and durability.
Who Are the Key Players in the Monolithic Microwave IC Market?
Major companies operating in the monolithic microwave ic market include:
• Renesas Electronics Corporation
• Mitsubishi Electric Corporation
• Broadcom Inc.
• Texas Instruments Incorporated
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Analog Devices Inc.
• Northrop Grumman Corporation
• Microchip Technology Inc.
• Skyworks Solutions Inc.
• Teledyne Technologies Incorporated
• Qorvo Inc.
• VectraWave
• Wolfspeed Inc.
• MACOM Technology Solutions Holdings Inc.
• WIN Semiconductors Corp.
• RFHIC Corporation
• Mini-Circuits
• Arralis Ltd.
• United Monolithic Semiconductors GmbH
• Astra Microwave Products Limited
• Advantech Wireless Technologies Inc.
• STMicroelectronics N.V.
• ASB Inc.
• Marki Microwave Inc.
• AMCOM Communications
• Silicon Radar GmbH
• Aelius Semiconductors Pte Ltd
• E-Band Communications LLC
• Guerrilla RF Inc.
What are the Regional Insights into the Monolithic Microwave IC Market?
Asia-Pacific was the largest region in the monolithic microwave IC market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the monolithic microwave IC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
