Global Microwave Monolithic Integrated Circuit (MMIC) Market Growth 2025-2031

Global Microwave Monolithic Integrated Circuit (MMIC) Market Growth 2025-2031

The global Microwave Monolithic Integrated Circuit (MMIC) market size is predicted to grow from US$ 9762 million in 2025 to US$ 13860 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

MMIC is a type of integrated circuit (IC) device that operates at microwave frequencies (300 MHz to 300 GHz). MMICs contain active, passive, and interconnect components. These devices typically perform functions such as microwave mixing, power amplification, low-noise amplification, and high-frequency switching. Most of MMICs are fabricated on III-V compound substrates such as GaAs, InP, and GaN, silicon and SiGe MMICs are also becoming commonplace, especially where complex mixed signal systems need to be integrated on the same chip. MMICs are the components of choice for most of high-frequency applications. They offer several advantages over their discrete or hybrid counterparts, such as reduced size, low cost, and high reproducibility and repeatable performance.

The global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period. Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.

LP Information, Inc. (LPI) ' newest research report, the “Microwave Monolithic Integrated Circuit (MMIC) Industry Forecast” looks at past sales and reviews total world Microwave Monolithic Integrated Circuit (MMIC) sales in 2024, providing a comprehensive analysis by region and market sector of projected Microwave Monolithic Integrated Circuit (MMIC) sales for 2025 through 2031. With Microwave Monolithic Integrated Circuit (MMIC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microwave Monolithic Integrated Circuit (MMIC) industry.

This Insight Report provides a comprehensive analysis of the global Microwave Monolithic Integrated Circuit (MMIC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microwave Monolithic Integrated Circuit (MMIC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Microwave Monolithic Integrated Circuit (MMIC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microwave Monolithic Integrated Circuit (MMIC) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microwave Monolithic Integrated Circuit (MMIC).

This report presents a comprehensive overview, market shares, and growth opportunities of Microwave Monolithic Integrated Circuit (MMIC) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
GaAs
GaN
SiGe
Other

Segmentation by Application:
Consumer Electronics
IT and Telecommunications
Automation
Aerospace & Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ON Semiconductor
TI
ADI
Northrop Grumman
Cree
NXP Semiconductors
Arralis
Microchip Technology
ASB
Mitsubishi Electric
Skyworks
Microwave Technology
MACOM
Microarray Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microwave Monolithic Integrated Circuit (MMIC) market?

What factors are driving Microwave Monolithic Integrated Circuit (MMIC) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microwave Monolithic Integrated Circuit (MMIC) market opportunities vary by end market size?

How does Microwave Monolithic Integrated Circuit (MMIC) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.