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Monolithic Microwave IC Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4126

Monolithic microwave IC Market size will grow at an appreciable pace during the forecast timeframe of 2023-2032 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 monolithic microwave IC industry progress over the coming years.

In terms of material, global monolithic microwave IC market is segmented into InP and GaAs materials. The industry size from the GaAs material segment is predicted to record a notable CAGR through 2032. End-users are increasing their preference for 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. These product launches will accelerate monolithic microwave IC industry growth.

The growing adoption of wireless communication technologies and large-scale rollout of 5G networks are the other key factors positively influencing monolithic microwave IC market trends during the analysis timeframe. For instance, in June 2021, Microchip Technology Inc. introduced its GMICP2731-10 GaN MMIC designed for 5G networks, aerospace, and other applications.

The new MMIC was developed to assist satellite communication systems in delivering high RF output and ensuring that the signal retains the desired features. 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, monolithic microwave IC market is divided into automotive and aerospace & defense sectors. The automotive application is projected to capture a sizeable industry share by 2032 due to the rapid adoption of these 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. For instance, in June 2021, the Kassiopeia project, led by Ferdinand-Braun-Institut in Germany and funded by the European Space Agency (ESA), was launched to develop Ka-band GaN (gallium nitride) MMICs.

This project was developed for potential applications in radar & satellite technologies and aimed to create an independent value-added supply chain. Telecom companies across the region are also increasing their focus on expanding the 5G networks, which will stimulate the demand for monolithic microwave integrated circuit devices, further strengthening the regional market trends.

Key players in global monolithic microwave IC market include WIN Semiconductors, United Monolithic Semiconductors GmbH, Infineon Technologies AG, NXP Semiconductors, and Maxim Integrated (acquired by Analog Devices), among many others. 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.

For example, 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.

The Russia-Ukraine conflict had a negative influence on monolithic microwave IC industry growth due to the severe supply chain disruptions faced by the countries’ semiconductor sector. This scenario worsened the existing chip shortage, thereby hampering the market development.

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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