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.
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Power amplifiers segment is expected to hold the largest share of the MMIC market during the forecast period.
Power amplifiers convert low-power radio frequency
signals to high-power signals. These amplifiers are mostly used in
transmitters of radio frequency-based communication systems for driving
antennas. Most of the power amplifiers are designed taking into
consideration a specific application producing a specific type of
signal, signal modulation scheme, and a set of specifications such as
frequency range, gain (dB), gain flatness (dB), supply voltage (VDC),
power decibels (dB-milliwatt), and package type. The growth of this
segment can be attributed to the increased use of power amplifiers in
defense, automotive, smartphones, and wireless communication
applications. Continuously growing demand for high data transfer rates
in communication systems has led to an increased demand for power
amplifiers.
Gallium nitride segment is expected to grow at the highest CAGR during the forecast period
Gallium Nitride (GaN) is an emerging alternative for
pure silicon in the field of semiconductors and electronics due to its
high brightness emissions and intensities in opto-semiconductors,
high-power efficiency, superior high frequency handling capacity, and
flexibility to be used alongside various substrates such as silicon,
sapphire, and Silicon Carbide (SiC). Gallium nitride is very hard and
mechanically stable semiconductor material with a wide bandgap and high
heat capacity and thermal conductivity. MMICs developed using gallium
nitride offer large bandwidth, improved power density, and high
efficiency to support the future cellular infrastructure such as 5G for
the mobile base station transmitters.
E-pHEMT segment is expected to grow at the highest CAGR during the forecast period.
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. These
transistors can economically provide superior electrical performance in
Very High Frequency (VHF) and Ultra-high Frequency (UHF) wireless
communication bands commonly associated with technologies such as GaAs
MESFETs and depletion-mode pHEMTs.
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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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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