The overall monolithic microwave integrated circuit (MMIC) market is expected 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 this monolithic microwave IC market is being fueled 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.

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“Market for attenuators expected to grow at a higher rate during forecast period”

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. In test equipment and commercial and military systems, MMIC voltage-controlled attenuators are ideal for high-frequency and broadband communication. Attenuators are mostly used in applications which require a moderate amount of adjustable attenuation and fast attenuation control from Direct Current (DC) to millimeter frequencies. They are also used as a general-purpose building block in communication systems.

Gallium nitride segment is expected to grow at the highest 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). Gallium nitride is very hard and mechanically stable semiconductor material with a wide bandgap and high heat capacity and thermal conductivity. MMICs developed using gallium nitride offer large bandwidth, improved power density, and high efficiency to support the future cellular infrastructure such as 5G for the mobile base station transmitters.

E-pHEMT segment is expected to grow at the highest CAGR during the forecast period.

E-pHEMTs offer superior output power and high efficiency with bias voltages of less than +3 VDC. For commercial communication systems, E-pHEMTs offer a combination of high gain, low noise, and wide dynamic range in high-linearity MMIC applications. These transistors can economically provide superior electrical performance in Very High Frequency (VHF) and Ultra-high Frequency (UHF) wireless communication bands commonly associated with technologies such as GaAs MESFETs and depletion-mode pHEMTs.

Asia Pacific is expected to be the largest MMIC market during the forecast period.

Key players operating in the MMIC market include 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).

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