The Global Microwave Monolithic Integrated Circuit (MMIC) Market was valued at US$ 9450 million in 2023 and is projected to reach US$ 22100 million by 2030, at a CAGR of 13.1% during the forecast period. The influence of COVID-19 pandemic and the Russia-Ukraine war were considered while estimating market sizes for 2023-2030.

Market size in 2023US$ 9450 MillionForecast Market size by 2030US$ 22100 Million

Growth RateCAGR of 13.1%Number of Pages72 Pages

MMIC is a Type of Integrated Circuit (IC) device that operates at microwave frequencies (300 MHz to 300 GHz). MMICs contain active, passive, and interconnect components. These devices typically perform functions such as microwave mixing, power amplification, low-noise amplification, and high-frequency switching. Most of MMICs are fabricated on III-V compound substrates such as GaAs, InP, and GaN, silicon and SiGe MMICs are also becoming commonplace, especially where complex mixed signal systems need to be integrated on the same chip. MMICs are the components of choice for most of high-frequency applications. They offer several advantages over their discrete or hybrid counterparts, such as reduced size, low cost, and high reproducibility and repeatable performance.

Microwave Monolithic Integrated Circuit Market aims to provide a comprehensive presentation of the global market for Microwave Monolithic Integrated Circuit (MMIC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microwave Monolithic Integrated Circuit (MMIC). Microwave Monolithic Integrated Circuit Market contains market size and forecasts of Microwave Monolithic Integrated Circuit (MMIC) in global, including the following market information:

Global Microwave Monolithic Integrated Circuit (MMIC) Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global Microwave Monolithic Integrated Circuit (MMIC) Market Sales, 2018-2023, 2024-2032, (M Units)

Global top five Microwave Monolithic Integrated Circuit (MMIC) companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

GaAs Segment to Reach $ Million by 2032, with a % CAGR in next six years.

The global key manufacturers of Microwave Monolithic Integrated Circuit (MMIC) include ON Semiconductor, TI, ADI, Northrop Grumman, Cree, NXP Semiconductors, Arralis, Microchip Technology and ASB, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

The Microwave Monolithic Integrated Circuit (MMIC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Market by Segment:

Global Microwave Monolithic Integrated Circuit (MMIC) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (M Units)

Global Microwave Monolithic Integrated Circuit (MMIC) Market Segment Percentages, by Type, 2022 (%)

Gallium Arsenide (GaAs)

Gallium Nitride (GaN)

Silicon Germanium (SiGe)

Indium Phosphide (InP)

Silicon (Si)

Others

Global Microwave Monolithic Integrated Circuit (MMIC) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (M Units)

Global Microwave Monolithic Integrated Circuit (MMIC) Market Segment Percentages, by Application, 2022 (%)

Telecommunications

Aerospace and Defense

Automotive Radar Systems

Satellite Communication

Wireless Communication

Radar Systems

Electronic Warfare

Microwave Sensing

Medical Devices

Others

Global Microwave Monolithic Integrated Circuit (MMIC) Market Segment Percentages, by Component, 2022 (%)

Power Amplifiers

LNA

Attenuators

Switches,

Mixers

Voltage-Controlled Oscillators

Frequency Multipliers

Others

Global Microwave Monolithic Integrated Circuit (MMIC) Market Segment Percentages, by Frequency Band, 2022 (%)

L

S

C

Others

Global Microwave Monolithic Integrated Circuit (MMIC) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (M Units)

Global Microwave Monolithic Integrated Circuit (MMIC) Market Segment Percentages, By Region and Country, 2022 (%)

North America (United States, Canada, Mexico)

Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

The Middle East and Africa (Middle East, Africa)

South and Central America (Brazil, Argentina, Rest of SCA)

Key Trends

Expansion of 5G Networks: The rollout and expansion of 5G networks worldwide are driving significant demand for MMICs. MMICs are essential components in 5G infrastructure, enabling high-frequency operation, signal amplification, and efficient power management in base stations, small cells, and other network equipment.

Rapid Growth in IoT and Connected Devices: The proliferation of Internet of Things (IoT) devices and connected technologies across various industries is fueling demand for MMICs. MMICs play a crucial role in wireless communication systems, sensor networks, and IoT devices, supporting applications such as smart home automation, industrial IoT (IIoT), and wearable electronics.

Emergence of Automotive Radar Systems: Automotive radar systems for advanced driver assistance systems (ADAS) and autonomous vehicles rely on MMICs for radar signal processing, frequency generation, and beamforming. The increasing adoption of radar-based safety features, such as adaptive cruise control and collision avoidance, is driving demand for MMICs in the automotive sector.

Growth in Satellite Communication Systems: Satellite communication systems require MMICs for signal amplification, frequency conversion, and low-noise amplification (LNA). The growing demand for high-speed broadband connectivity, satellite TV broadcasting, and Earth observation services is driving the adoption of MMICs in satellite communication applications.

Advancements in Millimeter-Wave Technology: MMICs are critical for millimeter-wave applications, including point-to-point wireless links, automotive radar, and 5G mmWave communication. Ongoing advancements in millimeter-wave technology, such as higher frequency bands and improved integration levels, are driving innovation in MMIC design and manufacturing.

Demand for GaN-based MMICs: Gallium nitride (GaN) MMICs offer higher power density, wider bandwidth, and improved efficiency compared to traditional silicon-based MMICs. The adoption of GaN-based MMICs is increasing in high-power applications, such as radar systems, satellite communication, and defense electronics, driving market growth.

Focus on Low Power Consumption and Efficiency: Energy efficiency is a key consideration in MMIC design, particularly for battery-powered and portable devices. Manufacturers are focusing on developing MMICs with low power consumption, high linearity, and efficient power management to meet the demand for energy-efficient wireless communication systems.

Demand for Compact and Integrated Solutions: There is a growing demand for compact and integrated MMIC solutions that offer high performance and functionality in a small form factor. Integrated MMICs with multiple functions, such as amplification, filtering, and mixing, enable system miniaturization and cost reduction in various applications.

Advancements in Packaging and Integration: Innovations in MMIC packaging and integration technologies, such as flip-chip, wafer-level packaging, and system-in-package (SiP) solutions, enable higher levels of integration, improved thermal management, and enhanced reliability in MMIC-based systems.

Focus on Defense and Aerospace Applications: The defense and aerospace sectors are significant consumers of MMICs for radar systems, electronic warfare (EW) systems, communication satellites, and missile guidance systems. Technological advancements in radar technology, electronic warfare, and satellite communication drive demand for MMICs in defense and aerospace applications.

Analyzing the performance of the Microwave Monolithic Integrated Circuit (MMIC) market by region

North America: North America, particularly the United States, is a significant market for MMICs, driven by the presence of leading semiconductor manufacturers, defense contractors, and telecommunications companies. The region has witnessed steady growth in demand for MMICs, especially in defense and aerospace applications, as well as in emerging technologies such as 5G wireless communications and automotive radar systems.

Europe: Europe has a strong presence in the MMIC market, with key players in countries like Germany, the UK, France, and Italy. The region has seen moderate growth in demand for MMICs, fueled by investments in defense modernization programs, telecommunications infrastructure upgrades, and the development of automotive radar and satellite communication systems.

Asia-Pacific: Asia-Pacific has emerged as a significant market for MMICs, driven by rapid industrialization, urbanization, and increasing investments in telecommunications infrastructure. Countries like China, Japan, South Korea, and Taiwan are key manufacturing hubs for MMICs, catering to both domestic demand and global markets. The region has experienced robust growth in demand for MMICs, particularly in mobile devices, wireless communication networks, and satellite applications.

Latin America: Latin America has a relatively smaller market for MMICs compared to other regions, with Brazil, Mexico, and Argentina being the major contributors. The market growth in Latin America has been influenced by investments in telecommunications and infrastructure projects, albeit at a slower pace compared to other regions.

Middle East and Africa: The Middle East and Africa region have shown increasing interest in MMICs, driven by investments in defense systems, telecommunications networks, and satellite communication infrastructure. Countries like Israel, Saudi Arabia, and the UAE have been investing in advanced defense technologies, including MMICs, to enhance their defense capabilities.

The Microwave Monolithic Integrated Circuit (MMIC) market offers various opportunities for stakeholders across different industries:

Telecommunications Industry:

Opportunity: The increasing demand for high-speed data transfer, the deployment of 5G networks, and the expansion of wireless communication infrastructure drive the demand for MMICs used in amplifiers, transceivers, and other wireless communication devices.

Aerospace and Defense Sector:

Opportunity: The growing need for radar systems, electronic warfare systems, satellite communication, and military radar systems fuels the demand for MMICs due to their high performance, reliability, and compact size.

Automotive Industry:

Opportunity: The adoption of advanced driver-assistance systems (ADAS), radar sensors, collision avoidance systems, and vehicle-to-vehicle (V2V) communication systems create opportunities for MMICs, especially in the development of automotive radar systems.

Healthcare Sector:

Opportunity: MMICs find applications in medical imaging equipment, such as MRI systems, CT scanners, and ultrasound devices, where high-frequency signal processing is required for improved imaging quality and diagnostic accuracy.
Statistics: Although specific statistics for the healthcare segment may vary, the overall growth of the MMIC market indirectly benefits this sector due to the increasing demand for advanced medical equipment.

Consumer Electronics:

Opportunity: The proliferation of smartphones, IoT devices, wearable technology, and smart home appliances drives the demand for MMICs for wireless connectivity, power amplification, and signal processing functions.
Statistics: The consumer electronics segment is expected to witness substantial growth in the MMIC market, with a significant share attributed to applications like smartphones, Wi-Fi routers, and Bluetooth devices.

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Microwave Monolithic Integrated Circuit (MMIC) revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Microwave Monolithic Integrated Circuit (MMIC) revenues share in global market, 2022 (%)

Key companies Microwave Monolithic Integrated Circuit (MMIC) sales in global market, 2018-2023 (Estimated), (M Units)

Key companies Microwave Monolithic Integrated Circuit (MMIC) sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

ON Semiconductor

TI

ADI

Northrop Grumman

Cree

NXP Semiconductors

Arralis

Microchip Technology

ASB

Mitsubishi Electric

Skyworks

Microwave Technology

MACOM

Microarray Technologies

United Monolithic Semiconductors

Mini-Circuits, Inc

Others