The global 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 2027The key factors driving the growth of the MMIC market include increased demand for MMICs from the smartphone industry, the adoption of E band to meet the growing bandwidth requirements of cellular and wireless networks, increased defense spending of countries for the upgrade of their defense inventories, and the growing adoption of next-generation warfare techniques.
Evolution of 5G technology and increase in the number of space programs worldwide are creating opportunities for the MMIC market. 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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Qorvo, Inc is one of the leaders in the development and commercialization of technologies and products for wireless and wired connectivity. The company combines highly differentiated technologies, systems-level expertise, and manufacturing scale to serve a diverse set of customers with a broad portfolio of innovative solutions that enable a more connected world.
Qorvo operates through two reportable segments: Mobile Products (MP) and Infrastructure and Defense Products (IDP). MP is a global supplier of cellular, Ultra-Wideband 802.15.4z (UWB), and Wi-Fi solutions for applications, including smartphones, wearables, laptops, tablets, and the Internet of Things (IoT), whereas IDP, is a global supplier of radio frequency (RF), system-on-a-chip (SoC), and power management solutions for applications in wireless infrastructure, defense, Wi-Fi, smart home, automotive, and IoT. The MP segment supplies RF solutions to global consumer product companies, and the IDP segment supplies a more diverse portfolio of products with generally longer life cycles to a broader base of customers.
Qorvo has design, sales, and other manufacturing facilities throughout Asia, Europe, and North America. Its primary wafer fabrication facilities are in North Carolina, Oregon, and Texas, and the primary assembly and test facilities are in China, Costa Rica, Germany, and Texas.
Skyworks Solutions, Inc. engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes power amplifiers, front-end modules, RF products for handsets, and wireless infrastructure equipment, as well as attenuators, circulators, demodulators, detectors, diodes, directional couplers, and infrastructure RF subsystems, isolators, lighting, and display solutions, mixers, modulators, optocouplers, and other products.
The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment, gaming, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through a direct sales force, electronic component distributors, and independent sales representatives.
The company has a presence in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the Rest of Asia Pacific.
Analog Devices is a leading global company offering high-performance analog technologies. The products and technologies offered by the company intelligently bridge the physical and digital domains for sensing, measuring, powering, connecting, and interpreting applications. It designs, manufactures, and markets a broad portfolio of solutions that leverage high-performance analog and mixed signals. It also offers digital signal processing technologies such as integrated circuits (ICs), algorithms, software, and subsystems. The company combines sensors, data converters, amplifiers and linear products, Radio Frequency (RF) ICs, power management products, and signal processing products with the technology platforms to meet the specific requirements of its customers.
Analog Devices operates through four reportable segments – Industrial, Consumer, Communications, and Automotive for designing, developing, manufacturing, and marketing a range of integrated circuits. The company produces and markets a range of high-performance analog ICs for its customers, including original equipment manufacturers (OEMs), who manufacture electronic subsystems for integration with large systems. Analog Devices also supplies data converters that translate real-world analog signals into digital data and vice versa. These converters are supplied to customers operating in the industrial, automotive, and consumer and communication electronics industries.
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
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