How Monolithic Microwave IC (MMIC) Market Segmented?

 According to the new market research report "Monolithic Microwave IC (MMIC) Market by Component (Power Amplifiers, LNA, Attenuators), Material Type (GaAs, InP), Frequency Band (L, S, C), Technology (MESFET, HEMT), Application (Automotive, A&D), and Geography - Global Forecast to 2024", the overall MMIC market is expected to grow from USD 7.7 billion in 2019 to USD 12.7 billion by 2024, at a CAGR of 10.6%. Factors such as the increased demand for MMICs from the flourishing smartphone industry; increasing adoption of E band to meet the growing bandwidth requirements of the space, defense, and wireless communication infrastructure sectors; and rising defense spending of countries, globally are driving the growth of the MMIC market.

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This research report categorizes the MMIC market based on component, material type, technology, frequency band, application, and region.

MMIC Market, by Component:

• Power Amplifiers
• Low Noise Amplifiers
• Attenuators
• Switches
• Phase Shifters
• Mixers
• Voltage-controlled Oscillators
• Frequency Multipliers

MMIC Market, by Material Type:

• Gallium Arsenide
• Indium Phosphide
• Indium Gallium Phosphide
• Silicon Germanium
• Gallium Nitride

MMIC Market, by Technology:

• MESFET
• HEMT
• pHEMT
• E-pHEMT
• mHEMT
• HBT
• MOS

MMIC Market, by Region:

• North America
• Europe
• Asia Pacific
• RoW

Asia Pacific is expected to be the largest MMIC market during the forecast period.

Asia Pacific was the largest MMIC market in 2018. The major drivers for the growth of the MMIC market in Asia Pacific are the expanding cellular infrastructure in the region and the increasing number of telecom equipment shipments in countries such as China and India. Japan has been a dominant player in the global semiconductor industry since the 1960s, while the strategy of China is to develop the highest-performance products at the lowest cost, which has helped it gain a large share of the Asia Pacific MMIC market. The increased production of electronic devices in the region due to the low manufacturing cost and availability of cheap labor is another driver for the growth of the MMIC market in Asia Pacific. Rising demand for smartphones, digital televisions, automobile electronics, and electro-medical devices in Asia Pacific is expected to contribute to the growth of the MMIC market in the region.

Key players operating in the MMIC market include Analog Devices (US), NXP Semiconductor (Netherlands), MACOM (US), Qorvo (US), Skyworks Solutions (US), Broadcom (US), Infineon Technologies (Germany), Maxim Integrated (US), Mini-Circuits (US), OMMIC (France), WIN Semiconductors (Taiwan), United Monolithic Semiconductors (UMS) (France), Custom MMIC Design Services (US), Microarray Technologies (China), VectraWave (France), BeRex (South Korea), and Arralis (Ireland).

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