Market Highlights
Integrated Passive Device is the current growing technology that boosts ideal trade-off for the system in package integration. The study incorporates multiple factors that can promote the market valuation further such as its increasing functions in semiconductor industry, which includes decoupling, biasing, resonating, filtering, matching and transforming and many more. These factors are tremendously impacting the market to expand considerably in the present time.
Integrated Passive Device market is witnessing at present an unprecedented growth owing to the demand from the information and communication industry has driven the market to expand to a great extent. The global integrated passive device market is anticipated to witness significant growth during the forecast period (2016-2023), reveals Market Research Future (MRFR) in a detailed analysis of the said market. An in-depth review of the segments has also been encompassed for a better understanding of the Integrated Passive Device market in coming years.
At the same time, the introduction of the new technologies in the market and its high demand for small, lightweight products are rising, which is also driving the market of integrated passive devices. As an add-on, the growing market of consumer semiconductor industry and demand for couplers, Diplexer, capacitors, and High-Q inductors has also been anticipated that in the coming years, the market of integrated passive devices will rise exemplarily during the forecast period.
Apart from these, other chief driving factors identified for the market’s progress are the growing demand for consumer electronic equipment, rising automotive industry, and high demand for semiconductor products. The study claims that these factors can eventually force the market to gain substantial focus, which would help in expansion at a rapid pace in the coming years.
On the flip side, the factor of the price of the product to become one of the essential restraints to the global market integrated passive device market’s growth period.
Regional Outlook
Regionally, the integrated passive devices market has been studied under the key regions of North America, Asia, Europe, and Rest of the World (ROW).
The integrated passive device market is being led by the Europe region as countries such as Germany, France and U.K. portray a positive growth rate by the adoption of these devices.
North America further stands as the second biggest market for the integrated passive device market. The development that is being done by the key companies such as the U.S. and Canada gives North America a massive boost to the market to expand.
On the other hand, Asia Pacific also stands at the position of the third-biggest market. With the presence of global high number of semiconductor companies and advancement being made in the consumer electronics segment are also giving a massive boost to the market growth.
Key Players
The well-known players in the Integrated Passive Devices Market such as Infineon Technologies AG (Germany), On Semiconductor (U.S.), STMicroelectronics (U.S.), Micron Technology, Inc. (U.S.), STATS ChipPAC Ltd (Singapore), Texas Instruments Inc. (U.S.), 3DiS Technologies (France), Global Communication Semiconductors, LLC (U.S.), Johanson Technology, Inc. (U.S.), Global Communication Semiconductors, Inc. (U.S.), OnChip Devices, Inc. (U.S.), and to name a few.
Segmentation:
In the segmental study of the global market for integrated passive device have included the segments of material, products, and application.
In terms of material: Silicon Base and Non-Silicon Base are the segments.
In terms of products: Couplers, Diodes, Diplexers, and others are the segments.
In terms of Application: RF Power Amplifier, Smartphones, Wi-Fi Devices, GPS, RF Transceivers, and others are the segments.
