Integrated Passive Device (IPD) Market Size, Share, Trends, Growth and Demand Forecast to 2023

10/mag/2018 13:20:45 P&S Market Research Contatta l'autore

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The global integrated passive device market is expected to reach from $ 901.5 million in 2016 to $ 1.572.3 million by 2023, witnessing to CAGR of 8.4% during 2017-2023.  

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Integrated passive devices are widely used for applications such as digital and mixed signals, LED lighting, RF applications and ESD/EMI protection. Of them, the digital and mixed signal applications led the market in 2016, and is expected to remain the largest market during the forecast period as well, majorly on account of the increased electrical performance requirements. Moreover, integrated passive devices offer miniaturization, cost reduction and added functionality benefits that are likely to create positive outlook for this market.

Baluns are expected to contribute to the global IPD market in the forecast period. Anticipated supremacy of the baluns can be attributed to their full utilization in almost all applications. In addition to the other functional blocks, we are in charge of the other functional blocks.

Among the functional blocks, market for harmonic filters is expected to be witnessed in the forecast period. Rising demand for power quality, increasing adoption of variable frequencies by the end-users, increasing demand from IT and data centers, increasing government regulations filters globally. These filters help to overcome certain limitations associated with conventional filters, such as higher utility cost and less power factor, two to which harmonic filters are likely to substitute conventional equipment in near future.

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Based on type, the market is categorized into ESD, EMI, RF-IPD and LEDs, of which RF-IPD contributed the largest to the global IPD market. Demand for miniaturization is one of the major factors spearheading RF-IPD's growth in the global IPD market. RF front end model being the principal part of the system of several electronic gadgets including wearable devices, smartphones and tablets.

Among regions, Europe, Middle-East and Africa (EMEA) are expected to contribute the highest revenue to the global integrated passive device market during the forecast period. Existence of fabrication and IPD manufacturers are the major factors responsible for the growth of IPD market in Europe. In EMEA, the European countries contribute the largest to the rapidly growing IPD market. The growth in Europe can be attributed to the surge in demand for IPD products, as it has been an early adopter of new technologies.

Asia-Pacific (APAC) is expected to register the highest growth in the global integrated passive devices market. Growth of the IPD market in APAC is largely driven by rapid growth in emerging economies such as China, South Korea, Taiwan and India. Furthermore, the presence of these countries offers profit-making imperatives for the IPD market and the rapid advancements in telecommunication, infrastructure and consumer electronics in Asia-Pacific.

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The major players operating in this market include On Semiconductor, Stats ChipPAC, STMicroelectronics, Murata-IPDiA, Johanson Technology, Onchip Devices, AFSC and Infineon.

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