Monolithic Microwave IC Market

Monolithic Microwave IC Market by Component (Power Amplifiers, LNA, Switches), Material Type (GaAs, InP, GaN), Frequency Band (Ka, S, X), Technology (MESFET, HEMT), Application (Automotive, A&D) and Geography - Global Forecast to 2027

Report Code: SE 7073 May, 2022, by marketsandmarkets.com

[236 Pages Report] The MMIC market was valued at USD 9.7 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 11.9% during the forecast period from 2022 to 2027. The key drivers of the MMIC market are the growing adoption of next-generation warfare techniques, surging adoption of E frequency band to meet increasing bandwidth requirements of cellular and wireless networks, increasing defense spending by countries to upgrade their defense inventories, and rising demand for MMICs from the smartphone industry.

Monolithic Microwave IC Market

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COVID-19 Impact on the Global MMIC Market

The sudden outbreak of the COVID-19 pandemic have affected the market growth, and the trend is expected to continue until the disrupted supply chains across the world normalize. In 2020, the semiconductors industry witnessed a shortage in supply owing to the shutdown of manufacturing units and the slowdown of logistics activities but from 2021 onward, recovery was seen, which is expected to continue in the next 1-2 years.

On the demand side, the COVID-19 outbreak has caused a minor, obvious impact on the overall shipment. The wireless communication infrastructure has benefitted from the COVID-19 outbreak. For instance, the network demand grew due to the rising need for online classes for schools and colleges (distance education) and mandatory work-from-home norms in several parts of the world. The market downfall was witnessed across consumer/enterprise electronics, and aerospace & defense as the impact of the semiconductor supply chain was more on these verticals than others. Moreover, the demand for MMICs in smartphones and PCs was affected the least as work from home norms, distance education, and increased migration of SMEs and non-cloud native companies from on-premises to cloud has boosted device shipment growth. A swift recovery is expected in the post-pandemic period due to increasing defense expenditure, government-led initiatives for space programs, and developments in 5G infrastructure for communication.

Market Dynamics of MMIC Market

Driver: Rising demand for MMICs from smartphones industry

The rising demand for MMICs from the smartphone industry is driving the growth of the MMIC market across the world. MMICs are used in smartphones for the efficient reception of weak signals and improvement in smartphone data transfer rates. These circuits optimize data throughput within an allotted bandwidth by offering high-linearity performance with near peak output, which is required for complex modulation. The use of MMICs in smartphones also enables the highest network efficiency with reduced transmission power and lowest bit error rates.

The use of smartphones has increased significantly across the world over the past decade. This increase in the number of smartphone users can be attributed to the declining cost of smartphones, improving the standard of living, and the ubiquity of the Internet. According to the Groupe Speciale Mobile Association (GSMA), mobile operators across the world will invest USD 620 billion in their networks between 2022 and 2025, of which 85% will be on 5G. China, being the largest market for consumer electronics, is expected to have over 1 billion smartphone users by 2022. India has the potential to grow exponentially in the market and is expected to add ~800 million mobile connections by 2022.

Restraint: High development costs of MMICs

The development costs of MMICs are high as the technologies used for their design are still in the inception/growth stage. The production volume of MMICs is also substantially low, leading to high manufacturing costs. Materials used in MMICs including GaAs, GaN, and indium phosphate are rare. Owing to the unique characteristics of materials used in the development of MMICs, including their high costs, limited availability, and toxicity, MMICs used in most commercial and defense applications are expensive, increasing the cost incurred in the complete supply chain. The high cost is one of the major factors expected to restrain the growth of the MMIC market across the world.

Opportunity: Evolution of 5G technology

There is a requirement to support the soaring mobile data consumption rates driven by the expanding consumption of video content by IoT-connected devices. 5G technology is expected to support data rates that exceed a speed of 10 Gbps in specific scenarios such as indoor and dense outdoor environments. It is also expected to extend the range of frequencies used for mobile communication to accommodate increased mobile traffic and enable the use of transmission bandwidths that support high data transfer rates. This includes the use of a new spectrum below 6 GHz as well as spectra in high-frequency bands. The millimeter-wave (mmWave) frequency spectrum, which lies between the microwave spectrum and infrared spectrum, acts as an entirely new source of bandwidth for cellular networks that are being made available for 5G networks. However, new equipment and radio access, including new base stations that support transmission and reception at these frequencies, and new devices with mmWave wireless are required to leverage this new spectrum for the deployment of 5G. This, in turn, is expected to lead to an increased demand for MMICs, presenting a growth opportunity for the market.

Challenge: Designing robust MMICs

MMICs are used in cell phones, satellite communication systems, deep space probes, navigational systems, weather systems, automotive radars, radiometers, and global positioning systems, owing to their small chip size, excellent performance, and high-cost efficiency. Cell phones, satellite communication systems, deep space probes, navigational systems, weather systems, automotive radars, radiometers, and global positioning systems require high frequency, large bandwidth, and high-performance active circuits such as low-noise amplifiers, mixers, oscillators, power amplifiers, and switches. While designing MMICs, manufacturing costs and manufacturing yields must be balanced to develop the best possible designs of MMICs to cater to the requirements of the different applications wherein they are being used.

Choosing the right device in case of active circuits, minimizing cross-coupling and parasitic effect in layouts, reducing the die size, which is directly proportional to the cost, choosing the right package, and enhancing the performance of circuits by minimizing variations over temperature and bias voltage are a few of the major challenges faced by manufacturers of MMICs while designing them.

Gallium Arsenide segment to hold largest share of MMIC market during the forecast period

The gallium arsenide segment holds the largest market share and is expected to retain its position during the forecast period. The use of gallium arsenide in MMICs results in lesser noise generation in devices than other semiconductor materials used. Moreover, gallium arsenide cells are relatively insensitive to heat, unlike silicon cells.

HEMT technology segment is expected to hold largest market share in 2027

HEMT technology segment is expected to hold the largest market share in 2027 due to the increasing applications of HEMTs in different applications that require high gain and low loss at high frequencies such as radars, imaging, microwave and millimeter-wave communication, and radio astronomy, among others.

APAC to account for the largest market share during the forecast period

The market in Asia Pacific holds the largest market share and highest growth rate and is expected to retain its position during the forecast period. The growth of the market in this region can be attributed to the high adoption rate of smartphones; a significant shift toward high-speed mobile technologies (for instance, the shift from 3G to 4G); increased use of mobile services including video, social media, e-commerce, and financial services; and rise in the military expenditure of countries such as China, India, Japan, and South Korea.

Monolithic Microwave IC Market  by Region

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Key Market Players

Some of the key companies in the MMIC market are Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), MACOM Technology Solutions Holdings, Inc. (US), Qorvo, Inc. (US), Skyworks Solutions, inc. (US), Infineon Technologies AG (Germany), Mini-Circuits (US), OMMIC (France), WIN Semiconductors Corp. (Taiwan), United Monolithic Semiconductors (UMS) (France), ON Semiconductor Corporation (onsemi) (US), Microarray Technologies Corporation Limited (China), VectraWave (France), BeRex Co., Ltd. (South Korea), Wolfspeed, Inc. (US), MicroWave Technology, Inc. (MwT) (US), ASB Inc. (South Korea), Texas Instruments (US), Northrop Grumman Corporation (US), Toshiba Infrastructure Systems and Solutions Corporation (Japan), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), and Arralis (Ireland) are the major players operating in the MMIC market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Billion/Million)

Segments covered

Component, Material Type, Technology, Frequency Band, Application, and Geography

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), MACOM Technology Solutions Holdings, Inc. (US), Qorvo, Inc. (US), Skyworks Solutions, inc. (US), Infineon Technologies AG (Germany), Mini-Circuits (US), OMMIC (France), WIN Semiconductors Corp. (Taiwan), United Monolithic Semiconductors (UMS) (France), ON Semiconductor Corporation (onsemi) (US), and so on.
(Total 25 major players covered)

In this research report, the MMIC market has been segmented on the basis of component, material type, technology, frequency band, application, and geography.

MMIC Market, by Component

  • Power Amplifiers
  • Low-noise Amplifiers
  • Attenuators
  • Switches
  • Phase Shifters
  • Mixers
  • Voltage-controlled Oscillators
  • Frequency Multipliers

MMIC Market, by Material Type

  • Gallium Arsenide
  • Indium Phosphate
  • Indium Gallium Phosphide
  • Silicon Germanium
  • Gallium Nitride

MMIC Market, by Technology

  • HEMT
  • pHEMT
  • HBT
  • MESFET
  • mHEMT
  • E-pHEMT
  • MOS

MMIC Market, by Frequency Band

  • W Band
  • V Band
  • L Band
  • Ka Band
  • S Band
  • K Band
  • C Band
  • Ku Band
  • X Band

MMIC Market, by Application

  • Consumer/enterprise Electronics
  • Wireless Communication Infrastructure
  • Automotive
  • Aerospace & Defense
  • CATV and Wired Broadband
  • Test and Measurement
  • Others

Geographic Analysis

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In April 2022, MACOM Technology Solutions Holdings, Inc. has been awarded a contract from the US Department of Defense (US) for developing a high-power transmitter. The contract requires MACOM to develop a 45-Kilowatt Radio Frequency (RF) transmitter using novel Gallium Nitride (GaN) semiconductor and antenna beamforming technology. MACOM’s solution is based on its proprietary best-in-class MACOM PURE CARBIDE GaN components and power combining expertise.
  • In November 2021, Qorvo, Inc. acquired United Silicon Carbide (UnitedSiC) (US), a leading manufacturer of silicon carbide (SiC) power semiconductors. The acquisition of United Silicon Carbide expands Qorvo’s reach into the fast-growing markets for electric vehicles (EVs), industrial power, circuit protection, renewables, and data center power. United Silicon Carbide will become a part of Qorvo’s Infrastructure & Defense Products (IDP) business.
  • In July 2021, Skyworks Solutions, Inc., an innovator of high-performance analog semiconductors connecting people, places, and things, completed its acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc. (US). The I&A business brings a highly diversified customer base that will enable the company's continued expansion into strategic end markets and accelerate profitable growth in key industry segments, including electric and hybrid vehicles, industrial and motor controls, power supply, 5G wireless infrastructure, optical data communications, and data centers.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
    1.4 GEOGRAPHIC SCOPE
           1.4.1 YEARS CONSIDERED
           1.4.2 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY & PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Primary interviews with experts
                    2.1.3.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size from supply side
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           2.4.1 LIMITATIONS
    2.5 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 46)
    3.1 COVID-19 IMPACT ANALYSIS
           FIGURE 6 IMPACT OF COVID-19 ON GLOBAL MMIC MARKET
           FIGURE 7 E-PHEMT SEGMENT IS EXPECTED TO WITNESS HIGHEST GROWTH RATE IN MMIC MARKET DURING FORECAST PERIOD
           FIGURE 8 GALLIUM ARSENIDE SEGMENT TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
           FIGURE 9 KA BAND SEGMENT IS EXPECTED TO WITNESS HIGHEST GROWTH RATE IN MMIC MARKET DURING FORECAST PERIOD
           FIGURE 10 POWER AMPLIFIERS TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
           FIGURE 11 CONSUMER/ENTERPRISE ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
           FIGURE 12 MMIC MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 MAJOR OPPORTUNITIES IN MMIC MARKET
           FIGURE 13 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN MMIC MARKET DURING FORECAST PERIOD
    4.2 MMIC MARKET, BY MATERIAL TYPE
           FIGURE 14 MMIC MARKET FOR GALLIUM ARSENIDE TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MMIC MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY
           FIGURE 15 CONSUMER/ENTERPRISE ELECTRONICS, AND CHINA WERE LARGEST SHAREHOLDERS IN MMIC MARKET IN ASIA PACIFIC IN 2021
    4.4 MMIC MARKET, BY COUNTRY
           FIGURE 16 US DOMINATED MMIC MARKET IN 2021
    4.5 MMIC MARKET, BY COMPONENT
           FIGURE 17 MMIC MARKET FOR LOW-NOISE AMPLIFIERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 MMIC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for MMICs from smartphone industry
                               FIGURE 19 MILESTONES EXPECTED TO BE ACHIEVED BY GLOBAL MOBILE INDUSTRY BY 2025
                    5.2.1.2 Surging adoption of E frequency band to meet increasing bandwidth requirements of cellular and wireless networks
                               FIGURE 20 GLOBAL MOBILE DATA TRAFFIC, 2017–2022 (EB/MONTH)
                    5.2.1.3 Increasing defense spending by countries to upgrade their defense inventories
                               FIGURE 21 DEFENSE SPENDING OF TOP 10 COUNTRIES IN 2020
                    5.2.1.4 Growing adoption of next-generation warfare techniques
           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
                    5.2.3.2 Increase in number of space programs worldwide
           5.2.4 CHALLENGES
                    5.2.4.1 Designing robust MMICs
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           5.3.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR MMIC MANUFACTURERS
                    FIGURE 22 REVENUE SHIFT FOR MMIC MARKET
    5.4 PRICING ANALYSIS
           5.4.1 AVERAGE SELLING PRICE TREND
                    FIGURE 23 MMIC MARKET: AVERAGE PRICE OF MMIC COMPONENTS
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED TO MMIC DURING OEM AND SYSTEM INTEGRATOR STAGES
    5.6 ECOSYSTEM/MARKET MAP
           TABLE 1 MMIC MARKET: ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 ADVANCEMENTS IN FREQUENCY BANDS
           5.7.2 5G IN COMMUNICATION VERTICAL
           5.7.3 ADVANCEMENTS IN WARFARE TECHNOLOGY
    5.8 PATENT ANALYSIS
           FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 2 TOP 10 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021
           5.8.1 LIST OF MAJOR PATENTS
    5.9 TRADE ANALYSIS AND TARIFF ANALYSIS
           5.9.1 TRADE ANALYSIS
                    5.9.1.1 Trade data for HS code 854081
                               FIGURE 27 IMPORT DATA, BY COUNTRY, 2016−2020 (USD MILLION)
                               FIGURE 28 EXPORT DATA, BY COUNTRY, 2016−2020 (USD MILLION)
           5.9.2 TARIFF ANALYSIS
                    TABLE 3 TARIFF DATA FOR HS 854081
    5.10 KEY CONFERENCES AND EVENTS DURING 2022–2023
           TABLE 4 MMIC MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.11 REGULATORY LANDSCAPE
           5.11.1 UTILIZATION OF RADIO FREQUENCIES BY INTERNATIONAL TELECOMMUNICATION UNION
           5.11.2 FEDERAL COMMUNICATIONS COMMISSION REGULATIONS
           5.11.3 RESTRICTION OF HAZARDOUS SUBSTANCES AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT
    5.12 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON MMIC MARKET
                    FIGURE 29 PORTER’S FIVE FORCES ANALYSIS: MMIC MARKET
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITION RIVALRY
    5.13 KEY STAKEHOLDERS & BUYING CRITERIA
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)

6 MONOLITHIC MICROWAVE IC MARKET, BY COMPONENT (Page No. - 77)
    6.1 INTRODUCTION
           FIGURE 31 MMIC MARKET, BY COMPONENT
           FIGURE 32 POWER AMPLIFIERS TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
           TABLE 7 MMIC MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 8 MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    6.2 POWER AMPLIFIERS
           6.2.1 INCREASING ADOPTION OF MILITARY AND ADVANCED COMMUNICATION SYSTEMS TO BOOST MARKET GROWTH
                    TABLE 9 POWER AMPLIFIERS: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 10 POWER AMPLIFIERS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.3 LOW-NOISE AMPLIFIERS
           6.3.1 SURGING DEMAND FROM SMARTPHONE INDUSTRY TO DRIVE MARKET GROWTH
                    TABLE 11 LOW-NOISE AMPLIFIERS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 12 LOW-NOISE AMPLIFIERS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.4 ATTENUATORS
           6.4.1 ATTENUATORS ARE IDEAL FOR HIGH-FREQUENCY AND BROADBAND COMMUNICATION
                    TABLE 13 ATTENUATORS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 14 ATTENUATORS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.5 SWITCHES
           6.5.1 LOW INSERTION LOSS AND HIGH PORT-TO-PORT ISOLATION FEATURES FUEL DEMAND FOR SWITCHES
                    TABLE 15 SWITCHES: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 16 SWITCHES: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.6 PHASE SHIFTERS
           6.6.1 PHASE SHIFTERS ARE DESIGNED WITH LOW PHASE ERRORS AND INSERTION LOSSES
                    TABLE 17 PHASE SHIFTERS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 18 PHASE SHIFTERS: MMIC MARKET, BY REGION , 2022–2027(USD MILLION)
    6.7 MIXERS
           6.7.1 MIXERS OFFER BEST-IN-CLASS ISOLATION AND CONVERSION LOSSES WITH LOW INPUT POWER
                    TABLE 19 MIXERS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 20 MIXERS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.8 VOLTAGE-CONTROLLED OSCILLATORS
           6.8.1 EASE OF INTEGRATION WITH OTHER RECEIVER AND TRANSMITTER FUNCTIONS TO SURGE DEMAND FOR VCO
                    TABLE 21 VOLTAGE-CONTROLLED OSCILLATORS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 22 VOLTAGE-CONTROLLED OSCILLATORS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)
    6.9 FREQUENCY MULTIPLIERS
           6.9.1 MARKET FOR FREQUENCY MULTIPLIERS IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 23 FREQUENCY MULTIPLIERS: MMIC MARKET, BY REGION, 2018–2021(USD MILLION)
                    TABLE 24 FREQUENCY MULTIPLIERS: MMIC MARKET, BY REGION, 2022–2027(USD MILLION)

7 MONOLITHIC MICROWAVE IC MARKET, BY MATERIAL TYPE (Page No. - 88)
    7.1 INTRODUCTION
                    FIGURE 33 MMIC MARKET, BY MATERIAL TYPE
                    FIGURE 34 GALLIUM ARSENIDE SEGMENT TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
                    TABLE 25 MMIC MARKET, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
                    TABLE 26 MMIC MARKET, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
    7.2 GALLIUM ARSENIDE
           7.2.1 USEFUL AT ULTRA-HIGH RADIO FREQUENCIES AND IN ELECTRONIC SWITCHING APPLICATIONS
                    TABLE 27 GALLIUM ARSENIDE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 28 GALLIUM ARSENIDE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 INDIUM PHOSPHIDE
           7.3.1 HIGH GAIN AND BREAKDOWN VOLTAGE RESULT IN INCREASED EFFICIENCY OF MMIC MADE OF INDIUM PHOSPHIDE
                    TABLE 29 INDIUM PHOSPHIDE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 30 INDIUM PHOSPHIDE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 INDIUM GALLIUM PHOSPHIDE
           7.4.1 WIDELY USED IN HIGH-POWER AND HIGH-FREQUENCY ELECTRONICS
                    TABLE 31 INDIUM GALLIUM PHOSPHIDE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 32 INDIUM GALLIUM PHOSPHIDE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 SILICON GERMANIUM
           7.5.1 ENABLES DEVELOPMENT OF IMPROVED SPEED-POWER PRODUCTS USING HIGH-PERFORMANCE HETEROJUNCTION BIPOLAR TRANSISTORS
                    TABLE 33 SILICON GERMANIUM: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 34 SILICON GERMANIUM: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.6 GALLIUM NITRIDE
           7.6.1 OFFERS HIGH INPUT POWER SURVIVABILITY OF 40 DBM, ELIMINATING REQUIREMENT FOR POWER LIMITER IN BROADBAND COMMUNICATION
                    TABLE 35 GALLIUM NITRIDE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 36 GALLIUM NITRIDE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)

8 MONOLITHIC MICROWAVE IC MARKET, BY TECHNOLOGY (Page No. - 96)
    8.1 INTRODUCTION
           FIGURE 35 MMIC MARKET, BY TECHNOLOGY
           FIGURE 36 E-PHEMT SEGMENT IS EXPECTED TO WITNESS HIGHEST GROWTH RATE IN MMIC MARKET DURING FORECAST PERIOD
           TABLE 37 MMIC MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           TABLE 38 MMIC MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    8.2 METAL-SEMICONDUCTOR FIELD-EFFECT TRANSISTOR
           8.2.1 HIGH TRANSIT FREQUENCY PROVIDED BY MESFET IS USEFUL IN SUPERIOR MICROWAVE CIRCUITS
                    TABLE 39 MESFET: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 40 MESFET: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 HIGH ELECTRON MOBILITY TRANSISTOR
           8.3.1 HIGH GAIN AND LOW LOSS AT HIGH FREQUENCIES ARE FEW CHARACTERISTIC ADVANTAGES OF HEMT
                    TABLE 41 HEMT: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 42 HEMT: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 PSEUDOMORPHIC HIGH ELECTRON MOBILITY TRANSISTOR
           8.4.1 LOW-NOISE AND LOW-SWITCHING CAPABILITIES AT VERY HIGH FREQUENCIES RESULT IN INCREASED ADOPTION OF PHEMT
                    TABLE 43 PHEMT: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 44 PHEMT: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.5 ENHANCEMENT-MODE PSEUDOMORPHIC HIGH ELECTRON MOBILITY TRANSISTOR
           8.5.1 E-PHEMTS PROVIDE COMBINATION OF HIGH GAIN, LOW NOISE, AND WIDE DYNAMIC RANGE IN HIGH-LINEARITY MMIC APPLICATIONS
                    TABLE 45 E-PHEMT: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 46 E-PHEMT: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.6 METAMORPHIC HIGH ELECTRON MOBILITY TRANSISTOR
           8.6.1 MHEMT OFFERS LARGE WAFER SIZE, INCREASED REPRODUCIBILITY, AND IMPROVED ESTABLISHED PACKAGING
                    TABLE 47 MHEMT: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 MHEMT: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.7 HETEROJUNCTION BIPOLAR TRANSISTOR
           8.7.1 HBT IS MAINLY USED IN APPLICATIONS THAT REQUIRE HIGH POWER EFFICIENCY
                    TABLE 49 HBT: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 50 HBT MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.8 METAL-OXIDE SEMICONDUCTOR
           8.8.1 MOS OFFERS HIGHLY EFFICIENT TRANSMISSION AND RECEPTION OF SIGNALS, LOW POWER DISSIPATION, AND HIGH NOISE MARGINS
                    TABLE 51 MOS: MMIC MARKET, BY REGION, 2018-2021 (USD MILLION)
                    TABLE 52 MOS: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)

9 MONOLITHIC MICROWAVE IC MARKET, BY FREQUENCY BAND (Page No. - 105)
    9.1 INTRODUCTION
           FIGURE 37 MMIC MARKET, BY FREQUENCY BAND
           FIGURE 38 KA BAND SEGMENT TO WITNESS HIGHEST GROWTH RATE IN MMIC MARKET DURING FORECAST PERIOD
           TABLE 53 MMIC MARKET, BY FREQUENCY BAND, 2018–2021 (USD MILLION)
           TABLE 54 MMIC MARKET, BY FREQUENCY BAND, 2022–2027 (USD MILLION)
    9.2 L BAND (1–2 GHZ)
           9.2.1 PROCESSING IN L BAND IS LESS COMPLEX AND REQUIRES LOW-COST RF EQUIPMENT
                    TABLE 55 L BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 56 L BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 S BAND (2–4 GHZ)
           9.3.1 S BAND IS MAINLY USED FOR EARTH TO SPACE COMMUNICATION
                    TABLE 57 S BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 58 S BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 C BAND (4–8 GHZ)
           9.4.1 C BAND OFFERS LOW-COST BANDWIDTH AND IS LESS AFFECTED BY HEAVY RAINS
                    TABLE 59 C BAND: MMIC MARKET, BY REGION, 2018-2022 (USD MILLION)
                    TABLE 60 C BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.5 X BAND (8–12 GHZ)
           9.5.1 X BAND IS HIGHLY SENSITIVE AND CAPABLE OF DETECTING SMALL PARTICLES
                    TABLE 61 X BAND: MMIC MARKET, BY REGION, 2018-2022 (USD MILLION
                    TABLE 62 X BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.6 KU BAND (12–18 GHZ)
           9.6.1 THIS BAND IS COST-EFFECTIVE AND EASY TO USE AS IT CAN BE ACCESSED THROUGH SMALL SATELLITE DISH AND CONSUMES LESS POWER
                    TABLE 63 KU BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 64 KU BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.7 K BAND (18–27 GHZ)
           9.7.1 K BAND IS MAINLY USED BY METEOROLOGISTS, POLICE, AND LAW ENFORCEMENT AGENCIES
                    TABLE 65 K BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 66 K BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.8 KA BAND (26.5–40 GHZ)
           9.8.1 5G DEPLOYMENT IN KA BAND BY SEVERAL COUNTRIES RESULTED IN INCREASED DEMAND FOR MMIC
                    TABLE 67 CURRENT AND PLANNED DEPLOYMENTS OF 5G FREQUENCY BAND, BY GEOGRAPHICAL AREA
                    TABLE 68 KA BAND: MMIC MARKET, BY REGION, 2018-2021 (USD MILLION)
                    TABLE 69 KA BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.9 V BAND (40–75 GHZ)
           9.9.1 V BAND IS USED IN RADIO BACKHAUL SOLUTIONS FOR SMALL-CELL BACKHAULS
                    TABLE 70 V BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 71 V BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.10 W BAND (75–110 GHZ)
           9.10.1 W BAND OFFERS BROADBAND CAPABILITIES AND UNCLUTTERED SPECTRUM FOR WIDE RANGE OF APPLICATIONS
                    TABLE 72 W BAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 73 W BAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)

10 MONOLITHIC MICROWAVE IC MARKET, BY APPLICATION (Page No. - 117)
     10.1 INTRODUCTION
               FIGURE 39 MMIC MARKET, BY APPLICATION
               FIGURE 40 CONSUMER/ENTERPRISE ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
               TABLE 74 MMIC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 75 MMIC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.2 CONSUMER/ENTERPRISE ELECTRONICS
             10.2.1 INCREASING DEMAND FOR FAST DATA TRANSFER RATES TO DRIVE MARKET GROWTH
                       TABLE 76 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                       TABLE 77 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                       TABLE 78 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 79 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 80 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 81 CONSUMER/ENTERPRISE ELECTRONICS: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.3 WIRELESS COMMUNICATION INFRASTRUCTURE
             10.3.1 DEPENDENCE OF MICROWAVE BACKHAULS ON MMIC POWER AMPLIFIERS TO BOOST MARKET GROWTH
                       TABLE 82 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                       TABLE 83 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
                       TABLE 84 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 85 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 86 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 87 WIRELESS COMMUNICATION INFRASTRUCTURE: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.4 AUTOMOTIVE
             10.4.1 GROWING TREND OF FULLY AUTONOMOUS VEHICLES TO ACCELERATE DEMAND FOR MMIC IN AUTOMOTIVE SECTOR
                       TABLE 88 AUTOMOTIVE: MMIC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                       TABLE 89 AUTOMOTIVE: MMIC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                       TABLE 90 AUTOMOTIVE: MMIC MARKET, BY REGION, 2018-2021 (USD MILLION)
                       TABLE 91 AUTOMOTIVE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 92 AUTOMOTIVE: MMIC MARKET, BY COMPONENT, 2018–2021, (USD MILLION)
                       TABLE 93 AUTOMOTIVE: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.5 AEROSPACE AND DEFENSE
             10.5.1 SURGING DEMAND FOR MMIC FOR DEFENSE SURVEILLANCE ACTIVITIES ALONG BORDERS TO ENHANCE MARKET GROWTH
                       TABLE 94 AEROSPACE AND DEFENSE: MMIC MARKET, BY APPLICATION, 2018-2021 (USD MILLION)
                       TABLE 95 AEROSPACE AND DEFENSE: MMIC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                       TABLE 96 AEROSPACE AND DEFENSE: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 97 AEROSPACE AND DEFENSE: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 98 AEROSPACE AND DEFENSE: MMIC MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 99 AEROSPACE AND DEFENSE: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.6 CATV AND WIRED BROADBAND
             10.6.1 MMIC OFFERS REDUCED BIT ERROR RATE AND NOISE FIGURE TO DELIVER HIGHEST QUALITY VIDEOS
                       TABLE 100 CATV AND WIRED BROADBAND: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 101 CATV AND WIRED BROADBAND: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 102 CATV AND WIRED BROADBAND: MMIC MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 103 CATV AND WIRED BROADBAND: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.7 TEST AND MEASUREMENT
             10.7.1 MMIC OFFERS WEIGHT AND PERFORMANCE ADVANTAGES COMPARED TO CONVENTIONAL DISCRETE DEVICES
                       TABLE 104 TEST AND MEASUREMENT: MMIC MARKET, BY REGION, 2018-2021 (USD MILLION)
                       TABLE 105 TEST AND MEASUREMENT: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 106 TEST AND MEASUREMENT: MMIC MARKET, BY COMPONENT, 2018-2021 (USD MILLION)
                       TABLE 107 TEST AND MEASUREMENT: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.8 OTHERS
               TABLE 108 OTHERS: MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 109 OTHERS: MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 110 OTHERS: MMIC MARKET, BY COMPONENT, 2018-2021 (USD MILLION)
               TABLE 111 OTHERS: MMIC MARKET, BY COMPONENT, 2022–2027 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 135)
     11.1 INTRODUCTION
               FIGURE 41 MMIC MARKET: BY REGION
               FIGURE 42 ASIA PACIFIC TO HOLD LARGEST SHARE OF MMIC MARKET DURING FORECAST PERIOD
               TABLE 112 MMIC MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 113 MMIC MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 43 NORTH AMERICA: MMIC MARKET, BY COUNTRY
               FIGURE 44 NORTH AMERICA: SNAPSHOT OF MMIC MARKET
               TABLE 114 MMIC MARKET IN NORTH AMERICA, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
               TABLE 115 MMIC MARKET IN NORTH AMERICA, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
               TABLE 116 MMIC MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 117 MMIC MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 118 MMIC MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 119 MMIC MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 120 MMIC MARKET IN NORTH AMERICA, BY FREQUENCY BAND, 2018–2021 (USD MILLION)
               TABLE 121 MMIC MARKET IN NORTH AMERICA, BY FREQUENCY BAND, 2022–2027 (USD MILLION)
               TABLE 122 MMIC MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 123 MMIC MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
             11.2.1 IMPACT OF COVID-19 ON MMIC MARKET IN NORTH AMERICA
                       FIGURE 45 ANALYSIS OF MMIC MARKET IN NORTH AMERICA: PRE- AND POST-COVID-19 SCENARIOS
             11.2.2 US
                       11.2.2.1 US projected to lead market in North America
             11.2.3 CANADA
                       11.2.3.1 Increasing defense budget of Canada to boost growth of market
             11.2.4 MEXICO
                       11.2.4.1 Growing IIoT market leading to increased demand for MMICs in Mexico
     11.3 EUROPE
               FIGURE 46 EUROPE: MMIC MARKET, BY COUNTRY
               FIGURE 47 EUROPE: SNAPSHOT OF MMIC MARKET
               TABLE 124 MMIC MARKET IN EUROPE, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
               TABLE 125 MMIC MARKET IN EUROPE, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
               TABLE 126 MMIC MARKET IN EUROPE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 127 MMIC MARKET IN EUROPE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 128 MMIC MARKET IN EUROPE, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 129 MMIC MARKET IN EUROPE, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 130 MMIC MARKET IN EUROPE, BY FREQUENCY BAND, 2018–2021 (USD MILLION)
               TABLE 131 MMIC MARKET IN EUROPE, BY FREQUENCY BAND, 2022–2027 (USD MILLION)
               TABLE 132 MMIC MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 133 MMIC MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
             11.3.1 IMPACT OF COVID-19 ON MMIC MARKET IN EUROPE
                       FIGURE 48 ANALYSIS OF MMIC MARKET IN EUROPE: PRE- AND POST-COVID-19 SCENARIOS
             11.3.2 GERMANY
                       11.3.2.1 Robust electronic and telecom industries to create opportunities for market growth
             11.3.3 UK
                       11.3.3.1 Government’s efforts to develop 5G infrastructure in UK to drive market growth
             11.3.4 FRANCE
                       11.3.4.1 Surging demand for consumer electronics to boost market growth
             11.3.5 ITALY
                       11.3.5.1 Government initiatives to promote semiconductor manufacturing in Italy expected to contribute to rising demand for MMICs
             11.3.6 REST OF EUROPE
     11.4 ASIA PACIFIC
               FIGURE 49 ASIA PACIFIC: MMIC MARKET, BY COUNTRY
               FIGURE 50 ASIA PACIFIC: SNAPSHOT OF MMIC MARKET
               TABLE 134 MMIC MARKET IN ASIA PACIFIC, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
               TABLE 135 MMIC MARKET IN ASIA PACIFIC, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
               TABLE 136 MMIC MARKET IN ASIA PACIFIC, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 137 MMIC MARKET IN ASIA PACIFIC, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 138 MMIC MARKET IN ASIA PACIFIC, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 139 MMIC MARKET IN ASIA PACIFIC, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 140 MMIC MARKET IN ASIA PACIFIC, BY FREQUENCY BAND, 2018–2021 (USD MILLION)
               TABLE 141 MMIC MARKET IN ASIA PACIFIC, BY FREQUENCY BAND, 2022–2027 (USD MILLION)
               TABLE 142 MMIC MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 143 MMIC MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
             11.4.1 IMPACT OF COVID-19 ON MMIC MARKET IN ASIA PACIFIC
                       FIGURE 51 ANALYSIS OF MMIC MARKET IN ASIA PACIFIC: PRE- AND POST-COVID-19 SCENARIOS
             11.4.2 CHINA
                       11.4.2.1 Surging defense spending and government’s focus on scientific and technological developments in MMICs contributing market growth
             11.4.3 JAPAN
                       11.4.3.1 Increasing investments in healthcare and aerospace & defense sectors contributing to increased demand for MMICs
             11.4.4 INDIA
                       11.4.4.1 Government initiatives to develop in-house semiconductor manufacturing facilities expected to boost market growth
             11.4.5 REST OF ASIA PACIFIC
     11.5 ROW
               FIGURE 52 ROW: MMIC MARKET, BY REGION
               TABLE 144 MMIC MARKET IN ROW, BY MATERIAL TYPE, 2018–2021 (USD MILLION)
               TABLE 145 MMIC MARKET IN ROW, BY MATERIAL TYPE, 2022–2027 (USD MILLION)
               TABLE 146 MMIC MARKET IN ROW, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 147 MMIC MARKET IN ROW, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 148 MMIC MARKET IN ROW, BY APPLICATION, 2018–2021 (USD MILLION)
               TABLE 149 MMIC MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 150 MMIC MARKET IN ROW, BY FREQUENCY BAND, 2018–2021 (USD MILLION)
               TABLE 151 MMIC MARKET IN ROW, BY FREQUENCY BAND, 2022–2027 (USD MILLION)
               TABLE 152 MMIC MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
               TABLE 153 MMIC MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
             11.5.1 IMPACT OF COVID-19 ON MMIC MARKET IN ROW
                       FIGURE 53 ANALYSIS OF MMIC MARKET IN ROW: PRE- AND POST-COVID-19 SCENARIOS
             11.5.2 MIDDLE EAST & AFRICA
                       11.5.2.1 Growing development of mobile backhaul solutions to drive demand for MMICs
             11.5.3 SOUTH AMERICA
                       11.5.3.1 Increasing investments in aerospace and defense sector to boost market growth

12 COMPETITIVE LANDSCAPE (Page No. - 167)
     12.1 OVERVIEW
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 154 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MMIC MARKET
     12.3 REVENUE ANALYSIS OF TOP PLAYERS
               FIGURE 54 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MMIC MARKET, 2017–2021
     12.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN MMIC MARKET IN 2021
               FIGURE 55 MARKET SHARE ANALYSIS OF KEY PLAYERS IN MMIC MARKET IN 2021
               TABLE 155 MONOLITHIC MICOWAVE IC MARKET: DEGREE OF COMPETITION
               TABLE 156 MMIC MARKET RANKING ANALYSIS
     12.5 COMPANY EVALUATION QUADRANT, 2021
             12.5.1 STAR
             12.5.2 EMERGING LEADER
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANT
                       FIGURE 56 MMIC MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     12.6 COMPETITIVE BENCHMARKING
             12.6.1 COMPANY FOOTPRINT, BY APPLICATION (19 COMPANIES)
             12.6.2 COMPANY FOOTPRINT, BY MATERIAL TYPE (19 COMPANIES)
             12.6.3 COMPANY FOOTPRINT, BY REGION (19 COMPANIES)
             12.6.4 COMPANY PRODUCT FOOTPRINT
     12.7 STARTUP/SME EVALUATION QUADRANT, 2021
             12.7.1 PROGRESSIVE COMPANY
             12.7.2 RESPONSIVE COMPANY
             12.7.3 DYNAMIC COMPANY
             12.7.4 STARTING BLOCK
                       FIGURE 57 MMIC MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2021
                       TABLE 157 MMIC MARKET: LIST OF KEY STARTUPS/SMES
                       TABLE 158 MMIC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.8 COMPETITIVE SCENARIO AND TRENDS
             12.8.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 159 MMIC MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2020–2022
             12.8.2 DEALS
                       TABLE 160 MMIC MARKET: DEALS, 2020–2022

13 COMPANY PROFILES (Page No. - 184)
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             13.2.1 QORVO, INC
                       TABLE 161 QORVO, INC: BUSINESS OVERVIEW
                       FIGURE 58 QORVO, INC: COMPANY SNAPSHOT
                       TABLE 162 QORVO, INC: PRODUCT LAUNCHES
                       TABLE 163 QORVO, INC: DEALS
             13.2.2 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
                       TABLE 164 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: BUSINESS OVERVIEW
                       FIGURE 59 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: COMPANY SNAPSHOT
                       TABLE 165 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: PRODUCT LAUNCHES
                       TABLE 166 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.: DEALS
             13.2.3 SKYWORKS SOLUTIONS, INC.
                       TABLE 167 SKYWORKS SOLUTIONS, INC.: BUSINESS OVERVIEW
                       FIGURE 60 SKYWORKS SOLUTIONS, INC.: COMPANY SNAPSHOT
                       TABLE 168 SKYWORKS SOLUTIONS, INC.: DEALS
             13.2.4 NXP SEMICONDUCTORS N.V.
                       TABLE 169 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
                       FIGURE 61 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
             13.2.5 ANALOG DEVICES, INC.
                       TABLE 170 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
                       FIGURE 62 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
                       TABLE 171 ANALOG DEVICES, INC.: DEALS
             13.2.6 INFINEON TECHNOLOGIES AG
                       TABLE 172 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
                       FIGURE 63 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                       TABLE 173 INFINEON TECHNOLOGIES AG: DEALS
             13.2.7 WIN SEMICONDUCTORS CORP.
                       TABLE 174 WIN SEMICONDUCTORS CORP.: BUSINESS OVERVIEW
                       FIGURE 64 WIN SEMICONDUCTORS CORP.: COMPANY SNAPSHOT
                       TABLE 175 WIN SEMICONDUCTORS CORP.: DEALS
             13.2.8 UNITED MONOLITHIC SEMICONDUCTORS (UMS)
                       TABLE 176 UNITED MONOLITHIC SEMICONDUCTORS: BUSINESS OVERVIEW
             13.2.9 MINI-CIRCUITS
                       TABLE 177 MINI-CIRCUITS: BUSINESS OVERVIEW
                       TABLE 178 MINI-CIRCUITS: DEALS
             13.2.10 OMMIC
                       TABLE 179 OMMIC: BUSINESS OVERVIEW
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     13.3 OTHER PLAYERS
             13.3.1 MICROARRAY TECHNOLOGIES CORPORATION LIMITED
             13.3.2 VECTRAWAVE
             13.3.3 BEREX CO., LTD.
             13.3.4 ARRALIS
             13.3.5 ON SEMICONDUCTOR CORPORATION (ONSEMI)
             13.3.6 WOLFSPEED, INC.
             13.3.7 MICROWAVE TECHNOLOGY, INC. (MWT)
             13.3.8 ASB INC.
             13.3.9 TEXAS INSTRUMENTS
             13.3.10 NORTHROP GRUMMAN CORPORATION
             13.3.11 TOSHIBA INFRASTRUCTURE SYSTEMS AND SOLUTIONS CORPORATION
             13.3.12 STMICROELECTRONICS
             13.3.13 MICROCHIP TECHNOLOGY INC.
             13.3.14 SUMITOMO ELECTRIC INDUSTRIES, LTD.
             13.3.15 MITSUBISHI ELECTRIC CORPORATION

14 APPENDIX (Page No. - 229)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the MMIC market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred to for this research study include organizations such as Semiconductor Industry Association, Global Association of Risk Professionals, The Storage Networking Industry Association (SNIA), and so on; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, and business. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the MMIC market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (consumer/enterprise electronics, wireless communication infrastructure, automotive, aerospace and defense, CATV and wired broardband, test and measurement and others) and supply-side (OEM/ODM, system integrators, solution providers) players across four major regions, namely, North America, Europe, APAC, and Rest of the World (South America, Africa, Middle East). Approximately 75% and 25% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Monolithic Microwave IC Market  Size, and Share

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the MMIC market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Global MMIC Market Size: Bottom-Up Approach

Monolithic Microwave IC Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives:

  • To define, describe, segment, and forecast the MMIC market in terms of value based on component, material type, technology, frequency band, and application
  • To describe and forecast the size of the market for four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide qualitative information about different MMICs
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed value chain for the MMIC market
  • To analyze opportunities in the market for stakeholders, along with a detailed competitive landscape of the MMIC market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies2, along with the competitive leadership mapping chart
  • To analyze the competitive developments such as product launches/developments, contracts/collaborations/agreements/acquisitions in the MMIC market

Available Customizations:

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Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7073
Published ON
May, 2022
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