Monolithic Microwave IC Market Report 2025

The monolithic microwave ic market size has grown rapidly in recent years. It will grow from $10.99 billion in 2024 to $12.25 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to wireless communication evolution, satellite communication, rising demand for broadband services, defense and aerospace applications, and medical imaging applications.

The monolithic microwave ic market size is expected to see rapid growth in the next few years. It will grow to $18.82 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increased bandwidth requirements, environmental sensing and weather monitoring, energy efficiency solutions, IoT connectivity, smart cities initiatives, industrial automation, and rapid urbanization. Major trends in the forecast period include eco-friendly manufacturing, integration with AI, technological advancements in silicon photonics, integration with machine learning, and advanced packaging technologies.

Rising defense spending is anticipated to drive the growth of the monolithic microwave IC market in the future. Defense spending refers to the funds allocated by a government for military and defense-related expenses. An increase in defense spending facilitates the development of advanced monolithic microwave integrated circuits (MMICs), which are crucial for various defense applications. MMICs are employed in advanced RF and microwave applications such as radar, munitions guidance, and electronic warfare (EW). For example, in April 2024, the Stockholm International Peace Research Institute, an independent resource on global security based in Sweden, reported that total global military expenditure reached $2.44 trillion in 2023, reflecting a 6.8% increase in real terms compared to 2022. Thus, increased defense spending is driving the growth of the monolithic microwave IC market.

The growth of the market is anticipated to be fueled by the widespread adoption of smartphones. Smartphones, characterized by their built-in computing capabilities, operating systems, and web browsing functionalities, utilize MMICs for high-frequency signal processing requirements. MMICs offer compact, efficient, and cost-effective solutions for handling radio frequency (RF) and microwave signals within the communication systems of these devices. Notably, as of 2022, the UK witnessed a 3.8% increase in mobile connections, reaching 71.8 million, with a projected 95% smartphone ownership among the anticipated population of 68.3 million by 2025. This surge in smartphone adoption is a significant driver for the growth of the monolithic microwave IC market.

A prominent trend gaining traction in the monolithic microwave IC market is product innovation, with major companies strategically focusing on developing new solutions to maintain their market position. An illustrative example is Infineon Technologies AG, a semiconductor manufacturing company based in Germany, which introduced the CMOS transceiver MMIC CTRX8181 for automotive radar in November 2022. This transceiver offers a flexible platform for software-defined vehicle designs, accommodating various sensors such as corner, front, and short-range. Specifically designed for accurate object separation and detection, the CTRX8181 ensures the safety of vulnerable road users such as cyclists, pedestrians, and motorcyclists. The transceiver's features, including linearity and an increased signal-to-noise ratio, contribute to high system-level performance and robustness.

Major players in the monolithic microwave IC market are directing their efforts towards leveraging advanced technologies such as chip-scale packaging to enhance performance and reduce component size. Marki Microwave, a US-based manufacturer, exemplifies this approach by launching GaAs MMIC-based equalizers and attenuators in April 2022. These products, built on leading-edge technology, feature a compact 1.5 x 1.5 mm footprint, thanks to Marki Microwave's chip-scale packaging platform. This technology not only enables high-frequency operation but also improves electrical performance while maintaining consistency and minimizing size, weight, power, and cost (SWaP-C).

In October 2023, CML Microsystems PLC, a UK-based manufacturer of mixed-signal, RF, and microwave semiconductors, acquired Microwave Technology Inc. (MwT). This strategic move aims to expand CML Microsystems' product portfolio, reinforce support resources, and enhance research and development capabilities. Microwave Technology Inc. specializes in gallium arsenide (GaAs) and gallium nitride (GaN)-based MMICs, catering to commercial wireless communication, defense, space, and medical (MRI) applications. The acquisition brings valuable expertise in system-level understanding, product manufacturing, and packaging techniques to CML Microsystems Plc.

Major companies operating in the monolithic microwave ic market include Renesas Electronics Corporation, Mitsubishi Electric Corporation, Broadcom Inc., Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Northrop Grumman Corporation, Microchip Technology Inc., Skyworks Solutions Inc., Teledyne Technologies Incorporated, Qorvo Inc., VectraWave, Wolfspeed Inc., MACOM Technology Solutions Holdings Inc., WIN Semiconductors Corp., RFHIC Corporation, Mini-Circuits, Arralis Ltd., United Monolithic Semiconductors GmbH, Astra Microwave Products Limited, Advantech Wireless Technologies Inc., STMicroelectronics N.V., ASB Inc., Marki Microwave Inc., AMCOM Communications, Silicon Radar GmbH, Aelius Semiconductors Pte Ltd, E-Band Communications LLC, Guerrilla RF Inc.

Asia-Pacific was the largest region in the monolithic microwave IC market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the monolithic microwave ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the monolithic microwave ic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A Monolithic Microwave Integrated Circuit (MMIC) is a specialized integrated circuit designed to operate within the microwave frequency range of 300 MHz to 300 GHz. MMICs are pivotal in applications such as microwave mixing, amplification with minimal noise, and high-frequency switching.

Key MMIC components encompass power amplifiers, low-noise amplifiers, attenuators, switches, phase shifters, mixers, voltage-controlled oscillators, and frequency multipliers. These components utilize various advanced materials, including gallium arsenide, indium phosphide, indium gallium phosphide, silicon germanium, and gallium nitride. They cater to a spectrum of frequency bands such as W band, V band, L band, Ka band, S band, K band, C band, Ku band, and X band. Technological variations include metal-semiconductor field-effect transistors, high electron mobility transistors, pseudomorphic high electron mobility transistors, enhancement-mode pseudomorphic high electron mobility transistors, metamorphic high electron mobility transistors, heterojunction bipolar transistors, and metal-oxide semiconductors. These MMIC technologies find extensive utilization in diverse sectors, including consumer electronics, enterprise solutions, wireless communication infrastructure, automotive industry, aerospace and defense sectors, CATV and broadband networks, as well as in test and measurement equipment.

The monolithic microwave IC market research report is one of a series of new reports that provides monolithic microwave IC market statistics, including monolithic microwave IC industry global market size, regional shares, competitors with a monolithic microwave IC market share, detailed monolithic microwave IC market segments, market trends and opportunities, and any further data you may need to thrive in the monolithic microwave IC industry. This monolithic microwave IC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The monolithic microwave integrated circuit market consists of sales of image signal processors, image sensor modules, photodetectors, and ultrasonic sensor. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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