Growing Demand for Vehicles with Advanced ADAS Stimulating Monolithic Microwave ICs (MMICs) Use in Automotive Sector: Fact.MR Report
Growing Demand for Vehicles with Advanced ADAS Stimulating Monolithic Microwave ICs (MMICs) Use in Automotive Sector: Fact.MR Report
According to an updated industry report compiled by Fact.MR, a market research and competitive intelligence provider, revenue from the global monolithic microwave IC (MMIC) market is projected to reach US$ 10.85 billion in 2024 and increase at a noteworthy CAGR of 9.2% between 2024 and 2034.
In the automotive sector, monolithic microwave integrated circuits are being used more. This is a result of the growing use of advanced driver-aid systems such as ADAS and advanced driver-assistance technologies including autonomous cars. These mostly rely on radar and sensing technologies, which require real-time high-frequency signal processing to collect and handle data.
MMICs are commonly used to assess objects, speeds, and distances accurately so that cars react to their surroundings. Therefore, MMICs are becoming vital for several functions such as lane departure warning, adaptive cruise control, collision avoidance systems, autonomous driving, and others.
In the North American region, the monolithic microwave IC market is growing due to a strong technological foundation and continuous efforts to research and develop semiconductors. Other than this, the well-established defense & aerospace, communications, and automotive industries are driving up demand for monolithic microwave integrated circuits because of their high standards for dependable, small, and powerful microwave components.
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Key Takeaways from the Market Study:
“Prominent players in the market are focusing on creating MMICs with advanced capabilities such as increased power efficiency, wider frequency ranges, and component integration to provide several applications from telecommunication to aerospace & defense,” says a Fact.MR analyst
Leading Players Driving Innovation in the Monolithic Microwave IC (MMIC) Market
Key players in the monolithic microwave IC industry are Analog Devices, ASB Inc., Infineon Technologies AG, MACOM, Microchip Technology, Mini-Circuits, NXP Semiconductor, OMMIC, Qorvo, Semiconductor Components Industries, Skyworks Solutions, STMicroelectronics N.V., Texas Instruments, Toshiba Infrastructure, United Monolithic Semiconductors, and WIN Semiconductors Corp.
MMICs Gaining Popularity in Consumer Electronics:
The growing demand for high-performance wireless connectivity and communication is driving an increase in the use of monolithic microwave integrated circuits (ICs) in consumer electronics. The increasing need for smart home systems, Wi-Fi, Bluetooth, and 5G networks necessitates components, which efficiently manage high-frequency signals.
Smartphones, tablets, and other mobile devices are examples of these components. Monolithic microwave integrated circuits play a crucial role in enabling compact, dependable, and effective signal processing at microwave frequencies in these devices.
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Monolithic Microwave IC (MMIC) Industry News:
More Valuable Insightson Offer
Fact.MR, in its new offering, presents an unbiased analysis of the monolithic microwave IC (MMIC) market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on component (power amplifiers, low noise amplifiers, attenuators, switches, phase shifters, mixers, voltage-controlled oscillators, frequency multipliers), technology (MESFET, HEMT, pHEMT, mHEMT, HBT, MOS), material (gallium arsenide, indium phosphide, indium gallium phosphide, silicon germanium, gallium nitride), and end-use vertical (consumer/enterprise electronics, wireless communication infrastructure, automotive, aerospace & defense, test & measurement, CATV & wired, broadband), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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A monolithic microwave IC (MMIC) is a type of integrated circuit designed to operate at microwave frequencies, commonly used in applications such as radar, telecommunications, and automotive systems.
Advanced driver-assistance systems (ADAS) are electronic systems in vehicles that assist drivers with driving tasks, enhancing safety and improving vehicle control through features like lane departure warning and adaptive cruise control.
Radar technology in automotive applications is used for detecting objects, measuring distances, and assessing speeds, which are essential for features like collision avoidance and autonomous driving.
Gallium arsenide is a semiconductor material used in MMICs due to its high efficiency and performance at microwave frequencies, making it ideal for applications in telecommunications and aerospace.
CAGR, or Compound Annual Growth Rate, is a measure used to describe the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
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