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Monolithic Microwave IC Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
- Report ID: GMI4126
Monolithic Microwave IC Market Size
Monolithic microwave IC Market size will grow at an appreciable pace during the forecast timeframe of 2024-2032 as these devices possess several advantages when used at high frequencies as compared to their hybrid counterparts. Moreover, increasing usage of MMICs in aerospace electronics due to their accuracy, high reliability, cost-effectiveness, component density, and other benefits will fuel the industry progress over the coming years.
For instance, in January 2024, Crane Aerospace & Electronics introduced the Interpoint xMOR, a novel series of power conversion products boasting a 120W capacity. This product line comprises four distinct DC-DC power converters, all built upon a unified core architecture.
Monolithic Microwave IC Market Trends
The industry is experiencing a shift towards smaller form factors, improved performance, and higher integration levels to meet the requirements of 5G technology, radar systems, and satellite communication. Advancements in semiconductor technology, such as gallium nitride (GaN) and silicon germanium (SiGe), are influencing MMIC designs, enabling enhanced power efficiency and signal processing capabilities. Additionally, the market is seeing increased collaboration and partnerships among key players, fostering innovation and competitiveness in this dynamic and evolving landscape.
Monolithic Microwave IC Market Analysis
In terms of material, the GaAs material segment is predicted to record a notable CAGR through 2032. End-users are increasingly preferring GaAs-based semiconductors for making the circuit due to its high resistivity and other positive attributes. This circuit design mainly revolves around the control, generation, amplification, and information processing functions of microwave signals.
Many companies are launching innovative versions of these semiconductors to improve the overall performance of electronic devices. For example, in June 2022, Taiwanese firm WIN Semiconductors announced the release of its 0.1 micrometer GaAs pseudomorphic high-electron-mobility transistor (pHEMT) technology, PP10-20. This technology is expected to find robust usage in power & low-noise amplifiers and wide-bandwidth modulator drivers for high-data-rate fiber optics.
Furthermore, governments are boosting their spending on their defense sector. For example, in December 2022, the U.S. government announced plans to increase its military budget by 8% through its compromise defense authorization bill. This will bring the total expenditure to USD 858 billion. Such developments may bolster monolithic microwave IC industry forecast as these devices are widely used in missile guidance systems, fighter jets, electronic warfare countermeasures, and radar applications.
Based on application, the automotive application is projected to capture a sizeable industry share by 2032 due to the rapid adoption of MMIC devices in a wide range of ADAS technologies. Automotive radar MMICs can support safety-critical applications, such as driver assistance and automatic emergency braking systems, thereby driving the installation of these circuits in vehicles.
Europe monolithic microwave IC industry revenue is anticipated to grow at a substantial pace by 2032 due to the rising number of MMIC projects that aim to enhance the region’s space technology. Telecom companies across the region are also increasing their focus on expanding the 5G networks, which will stimulate the demand for MMIC devices, further strengthening the regional market trends.
Monolithic Microwave IC Market Share
Key players in global monolithic microwave IC industry include:
- WIN Semiconductors
- United Monolithic Semiconductors GmbH
- Infineon Technologies AG
- NXP Semiconductors
- Maxim Integrated (acquired by Analog Devices)
These companies are implementing a variety of inorganic growth strategies, such as mergers, new product launches, partnerships, and acquisitions to expand their presence and business operations across the global market.
Monolithic Microwave IC Industry News
In November 2022, Infineon Technologies AG introduced the RASIC CMOS transceiver MMIC - the CTRX8181 that will be used in automotive radar systems to improve their reliability, scalability, and performance.
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