Global Monolithic Microwave Integrated Circuit Market Size, Trends, and Growth Opportunity, By Component (Power Amplifiers, Low Noise Amplifiers, Attenuators, Switches, Phase Shifters, Mixers, and Others), By Material Type (Gallium Arsenide, Indium Phosphide, Silicon Germanium, Gallium Nitride), Regional Outlook, Competitive Market Share, & Forecast, 2022–2027.
Global Monolithic Microwave Integrated Circuit Market
Global Monolithic Microwave Integrated Circuit Market was valued at USD 9.6 billion in 2021 and is expected to reach USD 18.1 billion by 2027, at a CAGR of 10.77% from 2022-2027.
Monolithic microwave integrated circuit (MMIC) is a type of integrated circuit or IC device that operates at microwave frequencies, i.e., 300 MHz to 300 GHz. These devices majorly perform functions such as microwave mixing, low-noise amplification, power amplification, and high-frequency switching. Because of the higher component density during fabrication, the cost of fabrication is lower. Hence, the overall MMIC cost is less.
Market Drivers
Rising demand for Monolithic Microwave IC from the smart cell phone industry is one of the key driving factors that is projected to boost the global monolithic microwave integrated circuit market growth.
Furthermore, growing adoption of E-band to meet the rising bandwidth requirements of wireless network and cellular network will have a positive impact on market growth. Also, the rise in evolution of 5G technology will boost the market growth during this forecast period 2027.
Market Restraints
However, a high development cost of the monolithic microwave integrated circuit market is the major restraining factor that is expected to hinder the market growth.
Market Segmentation
The Global Monolithic Microwave Integrated Circuit Market is segmented into component, material type, application, and region.
Based on components, the attenuator segment is in huge demand for its use in communication systems across various industries. It is used in the telecommunications industry and for electronic warfare applications in the defence industry.
Regional Analysis
The Global Monolithic Microwave Integrated Circuit Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
The North American region dominates the global monolithic microwave IC market. The major factor driving the growth in this region is the rising adoption of the 5G network in the smartphone sector.
Key Players
Various key players are discussed in this report, such as NXP Semiconductors, Analog Devices, Skyworks Solutions, Broadcom, Qorvo, MACOM, Infineon Technologies, Maxim Integrated, Mini-Circuits, Inc., and BAE Systems.
Market Taxonomy
By Component
- Power Amplifiers
- Low-noise Noise Amplifiers
- Attenuators
- Switches
- Phase Shifters
- Mixers
- Others
- Gallium Arsenide
- Indium Phosphide
- Silicon Germanium
- Gallium Nitride
- Consumer Electronics
- IT & Telecommunication
- Automation
- Aerospace & Défense
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Monolithic Microwave Integrated Circuit Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Monolithic Microwave Integrated Circuit Market, By Component
- 5.1 Y-o-Y Growth Comparison, By Component
- 5.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 5.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Component
- 5.3.1 Power Amplifiers
- 5.3.2 Low Noise Amplifiers
- 5.3.3 Attenuators
- 5.3.4 Switches
- 5.3.5 Phase Shifters
- 5.3.6 Mixers
- 5.3.7 Others
- 6 Global Monolithic Microwave Integrated Circuit Market, By Material Type
- 6.1 Y-o-Y Growth Comparison, By Material Type
- 6.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Material Type
- 6.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 6.3.1 Gallium Arsenide
- 6.3.2 Indium Phosphide
- 6.3.3 Silicon Germanium
- 6.3.4 Gallium Nitride
- 7 Global Monolithic Microwave Integrated Circuit Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Application
- 7.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 7.3.1 Consumer Electronics
- 7.3.2 IT & Telecommunication
- 7.3.3 Automation
- 7.3.4 Aerospace & Défense
- 7.3.5 Others
- 8 Global Monolithic Microwave Integrated Circuit Market, By Region
- 8.1 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Region
- 8.2 Global Monolithic Microwave Integrated Circuit Market Share Analysis, By Region
- 8.3 Global Monolithic Microwave Integrated Circuit Market Size and Forecast, By Region
- 9 North America Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 9.3 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 9.4 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 9.5 North America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 10.3 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 10.4 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 10.5 Europe Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 11.3 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 11.4 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 11.5 Asia Pacific Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 12.3 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 12.4 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 12.5 Latin America Monolithic Microwave Integrated Circuit Market Size and Forecast, Country
- 12.5.1 Brazil
- 13.5.2 Rest of Latin America
- 13 Middle East Monolithic Microwave Integrated Circuit Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Monolithic Microwave Integrated Circuit Market Share Analysis, By Component
- 13.3 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Material Type
- 13.4 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Application
- 13.5 Middle East Monolithic Microwave Integrated Circuit Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.2 UAE
- 13.5.3 Egypt
- 13.5.4 Kuwait
- 13.5.5 South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 NXP Semiconductors
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Analog Devices
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Skyworks Solutions
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Broadcom
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Qorvo
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 MACOM
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Infineon Technologies
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Maxim Integrated
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Mini-Circuits, Inc
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 BAE Systems
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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