The study involved four major activities in estimating the current size of the monolithic microwave IC market—exhaustive secondary research collected information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the supply chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain critical information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
List of major secondary sources
Source
|
Web Link
|
Semiconductor Industry Association
|
https://www.semiconductors.org/
|
Semiconductor Equipment and Materials International (SEMI)
|
https://www.semi.org/en
|
Global Semiconductor Alliance (GSA)
|
https://www.gsaglobal.org/
|
World Semiconductor Council
|
https://www.semiconductorcouncil.org/
|
Semiconductor Portal Inc.
|
https://www.semiconportal.com/
|
Electronic Components Industry Association (ECIA)
|
https://www.eciaauthorized.com/en
|
International Journal of Scientific & Engineering Research (IJSER)
|
https://www.ijser.in/
|
International Organization of Scientific Research (IOSR)
|
https://www.iosrjournals.org/iosr-jdms.html
|
International Journal of Engineering Trends and Technology (IJETT)
|
https://www.ijettjournal.org/
|
International Journal of Engineering Development and Research (IJEDR)
|
https://www.ijedr.org/
|
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the supply chain market. After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of supply chain solutions offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.
In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
Note: The three tiers of the companies are defined based on their total revenue in 2023: Tier 1 - revenue greater than USD 1 billion; Tier 2 - revenue between USD 500 million and USD 1 billion; and Tier 3 revenue less than or equal to USD 500 million. Other designations include sales managers, marketing managers, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Monolithic Microwave IC Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the above estimation process, the market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
Monolithic microwave integrated circuits (MMICs) consist of electronic devices placed on semiconductor wafers and are designed to operate in frequencies ranging from 300 MHz to 300 GHz. MMICs are used for high-frequency switching, power amplification, low-noise amplification, and microwave mixing functions, among other functions. These circuits were originally fabricated using gallium arsenide (GaAs), an III-V compound semiconductor with a high transistor speed and a semi-insulating substrate.
The major characteristics of MMICs are high breakdown voltage, high thermal conductivity, effective operability at high frequencies (up to microwave range), excellent power handling capability, and efficient power amplification. The use of MMICs for Radio Frequency (RF) transmissions and receptions is one of the major factors contributing to the increased demand for MMICs, with a significant focus on the development of microwave frequency (>1 GHz) RF-power amplifiers for widening the application base of RF devices. With the increasing demand for these circuits for use in applications such as consumer electronics, wireless communication infrastructure, automotive, aerospace & defense, the market for MMICs is expected to grow at a significant rate during the forecast period.
Key Stakeholders
-
Raw material suppliers
-
Electronic design automation (EDA) and design tool vendors
-
Original equipment manufacturers (OEMs)
-
Integrated device manufacturers (IDMs)
-
Original design manufacturers (ODMs)
-
ODM and OEM technology solution providers
-
Assembling, testing, and packaging vendors
-
Technology, service, and solution providers
-
Intellectual property (IP) core and license providers
-
Suppliers and distributors
-
Government and other regulatory bodies
-
Technology investors
-
Research institutes and organizations
-
Market research and consulting firms
Report Objectives
-
To describe, segment, and forecast the monolithic microwave IC market, in terms of value based on component, material type, frequency band, technology, and application
-
To describe and forecast the monolithic microwave IC market, by component, in terms of volume
-
To describe and forecast the market for four key regions, namely North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
-
To provide detailed information regarding the market dynamics (drivers, restraints, opportunities, and challenges) influencing the growth of the monolithic microwave IC market
-
To provide a detailed overview of the supply chain and ecosystem pertaining to the monolithic microwave IC, along with their average selling prices
-
To strategically analyze the ecosystem, tariffs & regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
-
To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the overall market
-
To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
-
To analyze competitive developments such as product launches & developments, expansions, partnerships, and acquisitions in the monolithic microwave IC market
-
To strategically profile the key players in the monolithic microwave IC market and comprehensively analyze their market ranking and core competencies
-
To analyze the impact of Impact of Gen AI/AI on the market and macroeconomic outlook for each region.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
-
Detailed analysis and profiling of additional market players (up to 5)
-
Additional country-level analysis of the monolithic microwave IC market
Product Analysis
-
Product matrix provides a detailed comparison of the product portfolio of each company in the monolithic microwave IC market.
Growth opportunities and latent adjacency in Monolithic Microwave IC Market