Integrated Passive Devices Market size was estimated at USD 874.6 million in 2015 and is expected to reach USD 2.64 billion by 2025. Miniaturization in electronic components making valuable additions in marketplace, smart phones, tablets and wearables are espousing exponential success in today’s market place. Continuing in the same vein, integrated passive devices has made it to top of the table with technological upgrades in smart phones, tablets and wearables soaring market ratings with successive growth figures.
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The key driving factors responsible for the growth of Integrated
Passive Devices market :
Segmentation of integrated
passive devices market by base includes silicon and non-silicon. Segmentation
by product includes baluns, couplers, duplexers and harmonic filters.
Segmentation of integrated passive devices market by type includes ESD, EMI and
RF-IPD. Segmentation by application includes data converters, EMI/RFI Filtering
and LED Lighting. By region, integrated passive devices market includes North
America, Europe, Asia Pacific, MEA, and Latin America.
Integrated passive devices market
by RF-ID segment leads market share owing to growth in market for miniaturized
components/compact consumer electronics devices such as smart phones, tablets
and wearable’s. RF components or modules better known as MODEMS holds the crux
to system and miniaturization is better achieved with integrated passive system
devices over traditional devices. Baluns occupy foremost place in integrated
passive devices market share owing to its enhanced use in diverse applications
using IPD’s. Integrated passive devices market by Baluns segment is moving
market rankings by the preference to baluns with personalized filters.
By regions, MEA witnesses rapid
growth in IPD market in being early adopters to technological changes. Powerful
presence of smart phones, tablets and wearable’s in these regions are
significant reasons promoting market growth in IPD market. Key drivers to the
IPD market include rising consumption of IPD devices in industrial markets
coupled with integration of IPD devices for RF applications.
As per news, a confirmed route to
avoiding interconnection complexities and reducing footprint, silicon-based
passive integration of RLC components at silicon wafer-level is the solution.
With many major players competing with one another in this market and RF design
chips offering a complete turnkey solution to be comprehensively included in
SIP package. Key industries in IPD market include On Semiconductor, Stats
ChipPac, ST Microelectronics, Murata-IPDIA, Joahnson Technology, Onchip
devices, AFSC, and Infineon Technologies.
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