The COVID-19 pandemic disruption is estimated to transform the Integrated Passive Devices Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Integrated Passive Devices Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
Integrated Passive Devices Market Research Report- Forecast till 2022
The new report by Market Research Future (MRFR) states that the global Integrated Passive Devices market is poised to obtain a substantial market valuation at a moderate CAGR over the assessment period.
Drivers and Restraints
The use of Integrated Passive Devices (IPDs) has seen a rise due to their cost-effectiveness in reducing emissions worldwide. Integrated passive system applications to reduce interconnection intricacies, improve component reliability, tolerance, and yield are poised over the review period to gain traction. In addition, demand for diplexers, capacitors, couplers, and high-quality inductors, among others, is expected to fuel the expansion of IPDs over the evaluation period. To build products such as baluns, filters, and 5G-tuned diplexers, incorporating IPDs into these products would be crucial. Integrating IPDs would help to reduce the size and power consumption of telecom infrastructure products, which would fuel the IPD market in the years to come, especially in the telecom industry. The expansion of the consumer semiconductor industry is also expected to generate growth opportunities for the market players involved in integrated passive devices. Market developments are also likely to expand due to the globally booming automotive industry.
High price of IPDs parallel to discrete components limits the growth of the market for the integrated passive products. In addition, low cost production is important for optimizing profits. The effect is expected to be small over the long term as key players operating in this sector are placing their efforts to the the cost of IPDs.
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The segmentation of the global integrated passive devices market is done on the basis of material, products, and applications. On the basis of the material, the market is bifurcated into silicon-based and non-silicon based. The products available in the market are couplers, diodes, diplexers, and others. The applications of integrated passive devices are found in RF power amplifiers, smartphones, wifi devices, RF transceivers, GPS, and others.
The geographic analysis of the global integrated passive devices market has been conducted in four main regions, namely Europe, the Asia Pacific, North America, and lastly, the rest of the world (including Latin America as well as the Middle East and Africa).
The demand for IPDs is dominated by the European Union. The nations include Germany, France and the United Kingdom Has an optimistic growth rate for other countries to implement IPDs. Growing technical developments and high investment by key organizations and increased interest in passive devices are expected to fuel IPD growth in EMEA. In addition , the presence of manufacturing and IPD manufacturers such as Infineon Technologies, STMicroelectronics, and IPDiA, which develop innovative products based on efficient research and development, drives the EMEA IPD market. The next big market for IPDs is the North American Region. The expansion by the major corporations and the influence of the U.S. and Canada in this region gives the North American region a huge boost to the market. Third-largest market is the Asia Pacific region. Globally, the emergence of a large number of semi-conductor firms is giving the market a significant boost. Furthermore, improvement in the consumer electronics segment is expected to boost the market over the review period as well.
The leading market players acknowledged by MRFR in the global market are On Semiconductor (U.S.), Infineon Technologies AG (Germany), STMicroelectronics (U.S.), Global Communication Semiconductors, LLC (U.S.), Texas Instruments Inc. (U.S.), Global Communication Semiconductors, Inc. (U.S.), Micron Technology, Inc. (U.S.), STATS ChipPAC Ltd (Singapore), 3DiS Technologies (France), OnChip Devices, Inc. (U.S.), Johanson Technology, Inc. (U.S.) among others.
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Global Integrated Passive Devices Market, By Material (Silicon Base, Non-Silicon Base), By Products (Couplers, Diodes, Diplexers), By Application (RF Power Amplifier, Smartphones, Wi-Fi Devices, GPS, RF Transceivers) – Forecast 2022
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