Monolithic Microwave IC Market Opportunities Global Forecast by 2024

The overall monolithic microwave integrated circuit (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% between 2019 and 2024. The growth of this monolithic microwave IC market is being fueled by 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.

“Market for attenuators expected to grow at a higher rate during forecast period”
 
Attenuators are used widely in telecommunication and electronic warfare applications to adjust the signal level or compensate it for intrinsic gain variations in operating temperature. In test equipment and commercial and military systems, MMIC voltage-controlled attenuators are ideal for high-frequency and broadband communication. Attenuators are mostly used in applications which require a moderate amount of adjustable attenuation and fast attenuation control from Direct Current (DC) to millimeter frequencies. They are also used as a general-purpose building block in communication systems.

“Gallium nitride MMIC market expected to grow at the highest rate during forecast period”

The use of gallium nitride in MMICs results in low power consumption, high power density, long product life, small arrays, and high data throughput. Gallium nitride is very hard and mechanically stable semiconductor material with a wide bandgap and high heat capacity and thermal conductivity. In September 2015, Germany-based Infineon Technologies AG launched a new series of gallium nitride on silicon carbide RF power transistors at the European Microwave Week. These transistors offer large bandwidth, improved power density, and high efficiency to support the future cellular infrastructure such as 5G for mobile base station transmitters.

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“MMIC market for E-pHEMT expected to grow at the highest rate during forecast period”

Enhancement-mode Pseudomorphic High Electron Mobility Transistors (E-pHEMTs) are primarily used for power amplifier applications. These transistors are also suitable for use in high-frequency ranges as their saturated drain-source current (Idss) is less than 10 µA at room temperature and are capable of operating in highly mismatched conditions. E-pHEMTs offer superior output power and high efficiency with bias voltages of less than +3 VDC. For commercial communication systems, E-pHEMTs offer a combination of high gain, low noise, and wide dynamic range in high-linearity MMIC applications.

“Consumer/enterprise electronics expected to be the largest application market of MMIC during forecast period”

The growing use of smartphones and rising demand for fast data transfer rates are the major factors driving the growth of the consumer/enterprise electronics segment of the MMIC market. With the upcoming 5G technology, the data transfer rate is expected to increase further, thereby leading to an increased demand for MMICs used in smartphones technologies.

“APAC is expected to account for the largest market share during forecast period”

The growth of the market in this region can be attributed to the high adoption rate of smartphones; significant shift toward high-speed mobile technologies (for instance, the shift from 3G to 4G); increased use of mobile services, including video, social media, e-commerce, and financial services; and rise in the military expenditure of countries such as China, India, Japan, and South Korea. China is a global manufacturing hub with a flourishing electronics industry and one of the fastest-growing economies in the world. Factors such as the rise in defense spending, increased focus of governments on the automotive industry, and scientific and technological developments in MMICs are leading to the growth of the MMIC market in China.

Key Market Players

Some major companies operating in the global MMIC market are 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).

NXP Semiconductors (Netherlands) is a major player in the field of semiconductor solutions, owing to its wide geographic presence combined with its robust R&D capabilities. The company is growing due to the positive outlook for the automotive semiconductors, wearables, and the Internet of Things markets across the globe. NXP Semiconductors focuses on adopting organic growth strategies such as product launches to enhance its market position. For instance, it launched RF GaN wideband power transistors and expanded its Airfast third-generation Si-LDMOS portfolio of macro and outdoor small cell solutions for 5G in 2018.

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