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Worldwide Monolithic Microwave IC (MMIC) Industry to 2029 - Increasing Military Spending Across the Globe is Driving Growth

·10-min read

Dublin, May 18, 2021 (GLOBE NEWSWIRE) -- The "Monolithic Microwave IC (MMIC) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.

Globally, the monolithic microwave IC (MMIC) market is anticipated to grow with a CAGR of more than 10.9% during the forecast period from 2021 to 2029, starting from US$ 8.76 Bn in 2020.

Globally, MMIC devices are used as component of choice for numerous high-frequency applications. The adoption of MMIC is largely based upon the advantages of these devices such as reduced size, low cost, and high reproducibility capabilities. These devices usually perform functions such as microwave mixing, high frequency switching, low-noise amplification, and power amplification. Global MMIC market is experiencing a boost based on its increasing implementation in smartphones. Rapid development of smartphone industry has largely contributed to increasing market size and the growth of this market.

Additionally, in order to meet the increasing bandwidth requirements various industrial sectors such as defense, aerospace, and wireless communication organizations are increasingly adopting E band. Furthermore, increasing spending in the military and defense industry across the globe are driving the growth of the MMIC market. Moreover, rapid evolution of 5G technology, and growing number of space programs are also fueling the demand for MMIC globally.

However, factors such as high development cost of MMIC, and maintaining the quality and robustness of MMICs are likely to hinder the adoption and market growth of MMIC during the forecast period.

Attenuators segment is expected to display significant growth opportunities during the forecast period

Based on component, the attenuators segment is projected to experience a rapid growth during the forecast period. Attenuators are extensively used in telecommunication and electronic applications primarily to adjust the signal levels. MMIC cannot only adjust the signal levels, but also can compensate it for fundamental deviations in operating temperature.

Attenuators are commonly used in applications that require a reasonable amount of modifiable attenuation control from Direct Current to millimeter frequencies. Furthermore, in test equipment and military and commercial systems, MMIC attenuators are ideally used for high-frequency and broadband communication. They can also be used as a general-purpose building block in communication systems. All these applications of MMIC attenuators has created a huge demand for this component in end use industry. This high demand for significantly contributing to the growth of MMIC attenuators market during the forecast period.

Asia Pacific is projected to grow at a highest CAGR in near future

Asia Pacific dominates the Monolithic Microwave IC Market by holding largest market share of nearly 38% of the total revenue generated worldwide. The high market shares of Asia-Pacific can be primarily attributed to increasing penetration in the field of high-speed advanced mobile technologies and extraordinary adoption of smartphones in this region. Growing penetration of advanced technologies and internet in this region, increased use of mobile services, such as social media, video, e-commerce, and financial transactions.

Countries such as China, India, Korea and Japan are home to various telecommunication and smartphone developers. Furthermore, growing terrorism activities in this region has resulted in rise in the military expenditure. Moreover, increased focus of government and private organizations for development of automotive industry, and technological advances in MMICs are also expected to contribute to the growth of MMIC market in this region.

Some of the prominent players operating in the Monolithic Microwave IC Market include ON Semiconductor, Texas Instruments Incorporated, ADI, Northrop Grumman, Cree Inc., NXP Semiconductors N.V., Arralis Ltd., Microchip Technology, ASB Inc., Mitsubishi Electric Corporation, Skyworks Solutions, Inc., Microwave Technology, MACOM Technology Solutions and Microarray Technologies.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

  • What was the market size of Monolithic Microwave IC in 2020 and forecast up to 2029?

  • Which is the largest regional market for attenuators segment?

  • What are the major trends followed in Monolithic Microwave IC Market across different regions?

  • Who are the key Monolithic Microwave IC companies leading the market?

  • What are the key strategies adopted by the leading Monolithic Microwave IC companies in market?

Unique data points of this report

  • Statistics on Monolithic Microwave IC penetration and spending worldwide

  • Recent trends across different regions in terms of adoption of Monolithic Microwave IC for various applications in various industries

  • Notable developments going on in Monolithic Microwave IC industry

  • Attractive investment proposition for segments as well as geography

  • Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

Key Topics Covered:

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I - Secondary Research
1.3.2 Phase II - Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III - Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global MMIC Market
2.1.1 Global MMIC Market, by Component Segment, 2017 (US$ Bn)
2.1.2 Global MMIC Market, by Material Type, 2017 (US$ Bn)
2.1.3 Global MMIC Market, by Technology Protocol, 2017 (US$ Bn)
2.1.4 Global MMIC Market, by Frequency Band, 2017 (US$ Bn)
2.1.5 Global MMIC Market, by Application, 2017 (US$ Bn)
2.1.6 Global MMIC Market, by Geography, 2017 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key MMIC Vendors, 2017

Chapter 4 Global Monolithic Microwave IC (MMIC) Market, by Component Segment
4.1 Overview
4.1.1 Global MMIC Market Value Share, by Component Segment, 2019 & 2029 (Value, %)
4.2 Power Amplifiers
4.2.1 Global Power Amplifiers Market Value, 2019 - 2029 (US$ Bn)
4.3 Low Noise Amplifiers
4.3.1 Global Low Noise Amplifiers Market Value, 2019 - 2029 (US$ Bn)
4.4 Attenuators
4.4.1 Global Attenuators Market Value, 2019 - 2029 (US$ Bn)
4.5 Switches
4.5.1 Global Switches Market Value, 2019 - 2029 (US$ Bn)
4.6 Phase Shifters
4.6.1 Global Phase Shifters Market Value, 2019 - 2029 (US$ Bn)
4.7 Mixers
4.7.1 Global Mixers Market Value, 2019 - 2029 (US$ Bn)
4.8 Voltage-Controlled Oscillators
4.8.1 Global Voltage-Controlled Oscillators Market Value, 2019 - 2029 (US$ Bn)
4.9 Frequency Multipliers
4.9.1 Global Frequency Multipliers Market Value, 2019 - 2029 (US$ Bn)

Chapter 5 Global Monolithic Microwave IC (MMIC) Market, by Material Type
5.1 Overview
5.1.1 Global MMIC Market Value Share, by Material Type, 2019 & 2029 (Value, %)
5.2 Gallium Arsenide
5.2.1 Global Gallium Arsenide Burners Market Value, 2019 - 2029 (US$ Bn)
5.3 Indium Phosphide
5.3.1 Global Indium Phosphide Market Value, 2019 - 2029 (US$ Bn)
5.4 Silicon Germanium
5.4.1 Global Silicon Germanium Market Value, 2019 - 2029 (US$ Bn)
5.5 Gallium Nitride
5.5.1 Global Gallium Nitride Market Value, 2019 - 2029 (US$ Bn)
5.6 Indium Gallium Phosphide
5.6.1 Global Indium Gallium Phosphide Market Value, 2019 - 2029 (US$ Bn)

Chapter 6 Global Monolithic Microwave IC (MMIC) Market, by Technology Protocol
6.1 Overview
6.1.1 Global MMIC Market Value Share, by Technology Protocol, 2017 & 2029 (Value, %)
6.2 Metal-Semiconductor Field-Effect Transistor
6.2.1 Global Metal-Semiconductor Field-Effect Transistor Market Value, 2019 - 2029 (US$ Bn)
6.3 High Electron Mobility Transistor
6.3.1 Global High Electron Mobility Transistor Market Value, 2019 - 2029 (US$ Bn)
6.4 Pseudomorphic High Electron Mobility Transistor
6.4.1 Global Pseudomorphic High Electron Mobility Transistor Market Value, 2019 - 2029 (US$ Bn)
6.5 Enhancement-Mode Pseudomorphic High Electron Mobility Transistor
6.5.1 Global Enhancement-Mode Pseudomorphic High Electron Mobility Transistor Market Value, 2019 - 2029 (US$ Bn)
6.6 Metamorphic High Electron Mobility Transistor
6.6.1 Global Metamorphic High Electron Mobility Transistor Market Value, 2019 - 2029 (US$ Bn)
6.7 Heterojunction Bipolar Transistor
6.7.1 Global Heterojunction Bipolar Transistor Market Value, 2019 - 2029 (US$ Bn)
6.8 Metal-Oxide Semiconductor
6.8.1 Global Metal-Oxide Semiconductor Market Value, 2019 - 2029 (US$ Bn)

Chapter 7 Global Monolithic Microwave IC (MMIC) Market, by Frequency Band
7.1 Overview
7.1.1 Global MMIC Market Value Share, by Frequency Band, 2017 & 2029 (Value, %)
7.2 L Band (1-2 GHz)
7.2.1 Global L Band (1-2 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.3 S Band (2-4 GHz)
7.3.1 Global S Band (2-4 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.4 C Band (4-8 GHz)
7.4.1 Global C Band (4-8 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.5 X Band (8-12 GHz)
7.5.1 Global X Band (8-12 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.6 Ku Band (12-18 GHz)
7.6.1 Global Ku Band (12-18 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.7 K Band (18-27 GHz)
7.7.1 Global K Band (18-27 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.8 Ka Band (26.5-40 GHz)
7.8.1 Global Ka Band (26.5-40 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.9 V Band (40-75 GHz)
7.9.1 Global V Band (40-75 GHz) Market Value, 2019 - 2029 (US$ Bn)
7.10 W Band (75-110 GHz)
7.10.1 Global W Band (75-110 GHz) Market Value, 2019 - 2029 (US$ Bn)

Chapter 8 Global Monolithic Microwave IC (MMIC) Market, by Application
8.1 Overview
8.1.1 Global MMIC Market Value Share, by Application, 2017 & 2029 (Value, %)
8.2 Consumer/Enterprise Electronics
8.2.1 Global Consumer/Enterprise Electronics Market Value from Power Generation, 2019 - 2029 (US$ Bn)
8.3 Wireless Communication Infrastructure
8.3.1 Global Wireless Communication Infrastructure Market Value from Petrochemicals, 2019 - 2029 (US$ Bn)
8.4 Automotive
8.4.1 Global Automotive Market Value from Chemical Processing, 2019 - 2029 (US$ Bn)
8.5 Aerospace & Defense
8.5.1 Global Aerospace & Defense Market Value from Pharmaceuticals, 2019 - 2029 (US$ Bn)
8.6 CATV and Wired Broadband
8.6.1 Global CATV and Wired Broadband Market Value from Metals & Mining, 2019 - 2029 (US$ Bn)
8.7 Others
8.7.1 Global MMIC Market Value from Other Application, 2019 - 2029 (US$ Bn)

Chapter 9 North America Monolithic Microwave IC (MMIC) Market Analysis, 2019 - 2029 (US$ Bn)

Chapter 10 Europe Monolithic Microwave IC (MMIC) Market Analysis, 2019 - 2029 (US$ Bn)

Chapter 11 Asia Pacific Monolithic Microwave IC (MMIC) Market Analysis, 2019 - 2029 (US$ Bn)

Chapter 12 Rest of the World (RoW) Monolithic Microwave IC (MMIC) Market Analysis, 2019 - 2029 (US$ Bn)

Chapter 13 Company Profiles
13.1 ON Semiconductor
13.2 Texas Instruments Incorporated
13.3 ADI
13.4 Northrop Grumman
13.5 Cree Inc.
13.6 NXP Semiconductors N.V.
13.7 Arralis Ltd.
13.8 Microchip Technology Inc.
13.9 Mitsubishi Electric Corporation
13.10 Skyworks Solutions, Inc.
13.11 Microwave Technology
13.12 MACOM Technology Solutions
13.13 Microarray Technologies
13.14 ASB Inc.

For more information about this report visit https://www.researchandmarkets.com/r/j4vnfh

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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