DUBLIN--(BUSINESS WIRE)--The "Monolithic Microwave IC (MMIC) Market by Component (Power Amplifiers, LNA, Attenuators), Material Type (GaAs, InP), Frequency Band (L, S, C), Technology (MESFET, HEMT), Application (Automotive, A&D), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Monolithic Microwave Integrated Circuit (MMIC) market is estimated 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 the MMIC market is driven 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. However, high development costs associated with the designing of MMICs act as a major restraint for the growth of the market.
High-frequency and broadband communication systems boost the demand for attenuators, leading to its anticipated highest CAGR during forecast period
The market for attenuators is estimated to grow at the highest CAGR during the forecast period. Attenuators reduce the level of signals to protect circuits from damages caused by high-level signals. They may also be used to provide accurate impedance match as most fixed attenuators offer well-defined impedance. Attenuators may also be used in a variety of areas wherein signal levels need to be controlled. Variable 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.
Attributes such as low power consumption, high power density, and long product life contribute to the anticipated highest CAGR of gallium nitride-based MMICs during forecast period
The market for gallium nitride is estimated to grow at a higher 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). MMICs developed using gallium nitride offer high input power survivability of 40 dBm, thereby potentially eliminating the requirement for a power limiter in broadband communication, Electronic Warfare (EW) instrumentation, or radar applications.
The market in APAC expected to witness the highest CAGR during forecast period
The market in APAC is estimated to grow at the highest CAGR during the forecast period. Increased production of electronic devices in the region due to the low manufacturing cost and availability of cheap labor is a key 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.
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) are the major players operating in the MMIC market.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 MMIC Market Opportunities
4.2 MMIC Market, By Component, 2019 & 2024
4.3 Asia Pacific MMIC Market, By Application and Country, 2019
4.4 MMIC Market, By Material Type, 2019 & 2024
4.5 MMIC Market, By Technology, 2019 & 2024
4.6 MMIC Market, By Frequency Band, 2019 & 2024
4.7 MMIC Market, By Application, 2019 & 2024
4.8 MMIC Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for MMICs From the Smartphone Industry
5.2.1.2 Adoption of E Band to Meet the Increasing Bandwidth Requirements of Cellular and Wireless Networks
5.2.1.3 Increased Defense Spending By Countries to Upgrade Their Defense Inventories
5.2.2 Restraints
5.2.2.1 High Development Costs of MMICs
5.2.3 Opportunities
5.2.3.1 Evolution of 5G Technology to Fuel the Demand for MMICs
5.2.3.2 Increase in the Number of Space Programs Worldwide
5.2.4 Challenges
5.2.4.1 Designing Robust MMICs
5.3 Value Chain Analysis
6 MMIC Market, By Component
6.1 Introduction
6.2 Power Amplifiers
6.3 Low Noise Amplifiers
6.4 Attenuators
6.5 Switches
6.6 Phase Shifters
6.7 Mixers
6.8 Voltage-Controlled Oscillators
6.9 Frequency Multipliers
7 MMIC Market, By Material Type
7.1 Introduction
7.2 Gallium Arsenide
7.3 Indium Phosphide
7.4 Silicon Germanium
7.5 Gallium Nitride
7.6 Indium Gallium Phosphide
8 MMIC Market, By Technology
8.1 Introduction
8.2 Metal-Semiconductor Field-Effect Transistor
8.3 High Electron Mobility Transistor
8.4 Pseudomorphic High Electron Mobility Transistor
8.5 Enhancement-Mode Pseudomorphic High Electron Mobility Transistor
8.6 Metamorphic High Electron Mobility Transistor
8.7 Heterojunction Bipolar Transistor
8.8 Metal-Oxide Semiconductor
9 MMIC Market, By Frequency Band
9.1 Introduction
9.2 L Band (1-2 GHz)
9.3 S Band (2-4 GHz)
9.4 C Band (4-8 GHz)
9.5 X Band (8-12 GHz)
9.6 Ku Band (12-18 GHz)
9.7 K Band (18-27 GHz)
9.8 Ka Band (26.5-40 GHz)
9.9 V Band (40-75 GHz)
9.10 W Band (75-110 GHz)
10 MMIC Market, By Application
10.1 Introduction
10.2 Consumer/Enterprise Electronics
10.3 Wireless Communication Infrastructure
10.4 Automotive
10.5 Aerospace & Defense
10.6 CATV and Wired Broadband
10.7 Others
11 MMIC Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Rest of the World (RoW)
12 Competitive Landscape
12.1 Introduction
12.2 Market Ranking Analysis
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Benchmarking
12.4.1 Strength of Product Portfolio
12.4.2 Business Strategy Excellence
12.5 Competitive Situations and Trends
13 Company Profiles
13.1 Key Players
13.1.1 NXP Semiconductors
13.1.2 Analog Devices
13.1.3 Skyworks Solutions
13.1.4 Broadcom
13.1.5 Qorvo
13.1.6 MACOM
13.1.7 Infineon Technologies
13.1.8 Maxim Integrated
13.1.9 Mini-Circuits, Inc.
13.1.10 OMMIC
13.1.11 Win Semiconductors
13.1.12 United Monolithic Semiconductors (UMS)
13.2 Other Prominent Players
13.2.1 Custom MMIC Design Services, Inc.
13.2.2 Microarray Technologies
13.2.3 Vectrawave
13.2.4 Berex
13.2.5 Arralis
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