Monolithic Microwave IC Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4126
Monolithic Microwave IC Market size is anticipated to grow substantially in the coming years with adoption of these circuits in several industries such as wireless communication technologies, automotive electronics, and electro medical products. These devices are a preferable choice for many high-frequency applications owing to their multiple advantages over hybrid & discrete devices. For instance, these devices reduce the system size considerably with low weight and provide high reproducibility as well as consistent performance. Application areas, such as defense and 5G network, are highly inclined to improve wireless communications. 5G technology has witnessed extensive developments and is expected to be adopted widely particularly in countries including Japan, South Korea, and the U.S., augmenting the monolithic microwave IC market growth.
The smartphone industry is expected to contribute significantly to the growth of the monolithic microwave IC market. The smartphone industry has witnessed immense growth over the years with strong technology advancements and developments in the electronics industry with companies rapidly developing new products. Rapid growth in the number of smartphone users has created the need for highly capable wireless communication technologies as well as faster data transfers; hence, telecommunication organizations are shifting toward the adoption of these devices, driving the growth of the market.
The space industry is integrating technologies, such as E-band, to improve the information transfer, creating the demand for higher bandwidths & frequencies and ensuing the market demand. E-band comprises radio frequencies, which are generally between 60 GHz to 90 GHz. This range of frequencies provides a highly improved wireless communication network. Multiple scanning beam antenna systems in satellites are being implemented with these devices for improving the functional capabilities as they offer a reduction in volume, power consumption, and cost. They can be used to achieve higher data rates and point-to-point communications, propelling the growth of the monolithic microwave IC market.
Gallium Nitride (GaN) has emerged as an effective material in the market owing to its advantages over silicon materials such as high-power efficiency, faster switching, and high-power density. Additionally, GaN has the capability to operate at higher temperatures and possess high thermal conductivity. GaN materials provide high flexibility and can be used along with other substrates including silicon and Silicon Carbide (SiC). These features are enabling the devices to be more capable particularly in developing wireless infrastructures required in 5G and other networks.
High costs associated with the requirements of robust design of devices can hamper the growth of the monolithic microwave IC market to some extent. The technologies required for the development of these devices are generally developed by major manufacturers and will take time for new entrants to develop and manufacture these products. The other factor is the need for high investments and sophisticated technology for building 5G network infrastructure, limiting many countries from adopting the technology. It will take considerable time to deploy 5G networks in some regions, which are not technologically developed and can hinder the growth of the market.
Asia Pacific is expected to be one of the key regions in the monolithic microwave IC market. The region has witnessed rapid growth in the consumer electronics industry, influencing the growth of wireless networks and infrastructures. China, South Korea, India, and Japan will be the key contributors for the growth of the market in the Asia Pacific region. China is one of the largest markets as well as manufacturers of electronics products particularly smartphones. The country holds several leading smartphone companies including Huawei, Lenovo, and Xiaomi, adding to the need for wireless communication technologies in the country. South Korea has been among the early adopters of 5G technologies, fueling the growth of the monolithic microwave IC market. In April 2019, South Korea launched the world’s first 5G mobile network, covering nationwide consumers. Leading telecommunication providers in the country, such as LG Uplus, SK Telecom, and KT, have introduced their 5G services. The country also witnessed one million subscribers within 69 days of launching the services. In June 2019, a Japanese e-commerce group, Rakuten, and NEC announced that they will be building their own 5G network. These factors will influence the growth of the market in the Asia Pacific region.
Some of the major players in the monolithic microwave IC market are NXP Semiconductors, Analog Devices, Maxim Integrated, United Monolithic Semiconductors, Infineon Technologies AG, WIN Semiconductors, and Microarray Technologies. The need for sophisticated technology developments in the market is making companies develop strategic partnerships & collaborations. For instance, in February 2019, NXP Semiconductors and Movandi announced a joint partnership for the development in millimeter wave solutions focused on 5G networks. The companies are aiming to develop wireless communications infrastructure for several applications, such as cloud-based devices and smart homes, which will considerably propel the growth of the market.
Monolithic Microwave IC Market by Component
- Power Amplifiers
Monolithic Microwave IC Market by Material Type
Monolithic Microwave IC Market by Application
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
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