Integrated Passive Devices Market Driven by Silicon Material
July 27, 2018 | PRNewswireEstimated reading time: 2 minutes
According to the new market research report on the "Integrated Passive Devices Market by Material (Silicon, Glass), Passive Devices, Application (ESD/EMI, RF IPD, Digital & Mixed Signals), Wireless Technology (WLAN, Bluetooth, GPS, Cellular), End Use Industry, and Geography - Global Forecast to 2023", published by MarketsandMarkets, the market is expected to reach $1,544.9 million by 2023 from $1,011.2 million in 2018, at a CAGR of 8.8% between 2018 and 2023. The growth of the IPD market is driven by factors such as increasing adoption of IPD in consumer durables, integration of IPDs into RF applications, and increasing demand for miniaturized and high-performance electronic devices.
Silicon material to hold a major share of the IPD market by material throughout the forecast period
Silicon accounted for the largest market share in 2017 and will remain same in the coming years. Most players in the IPD market offer silicon-based IPDs. Murata IPDiA (Japan), ON Semiconductor (US), and Stats ChipPAC (Singapore) offer silicon-integrated passive device platforms. These are cost-effective, due to which the use of silicon in IPD is increasing.
Market for filter passive devices to grow at a high rate during the forecast period
A filter is used to eliminate harmonic distortion caused by non-linear loads. Harmonics in power systems result in increased heating of equipment and conductors, and torque pulsations in motors. Filters are used in ESD/EMI, RF IPD, and other applications. Companies such as Murata (Japan), Stats ChipPAC (Singapore), and On Chip Devices (US) are offering different types of filters that integrate various functions required by wireless and consumer applications, such as ESD protection diodes, EMI low pass filters, line terminations, and pull-up or pull-down resistors.
Consumer Electronics held the largest share of the overall IPD market in 2017
The consumer electronics segment deals with electronic devices that are used for entertainment, communications, and enterprises purpose. Consumer electronics include smartphones, notebooks, tablets, and others (wearables, game consoles, and other white goods). Smartphones have been a major driver for the growing market of smart devices. The growth of the smartphones market has proven to be a catalyst for the mainstreaming of the Internet of Things.
IPD market in Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific is expected to offer lucrative opportunities for the IPD market because of the growing base for communication infrastructure, communication devices, and consumer electronics. Asia Pacific is one of the key regions for players dealing with smartphones and wearables. The trend of miniaturization of components of smartphones and wearables will drive the IPD market in this region. This region is expected to witness mass commercialization of 5G by 2020. Huge customer base and need for telecommunication infrastructure will boost the need for IPDs in coming years.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Suggested Items
New Yorker, Major League Electronics Sign New Franchised Distribution Agreement
05/06/2024 | New Yorker Electronics Co.New Yorker Electronics, global distributor of electronic components, recently announced a new franchised distribution agreement with Major League Electronics, renowned manufacturer of interconnect products.
AT&S Brings High-Tech to the Museumsquartier
05/06/2024 | AT&SAT&S, as a “MQ goes Green” partner, has prepared special highlights for the occasion: Visitors aged eight and above can embark on an interactive journey through the fascinating world of microelectronics.
May Issue of SMT007 Magazine: Coming to Terms With AI
05/06/2024 | I-Connect007 Editorial TeamIn the May 2024 issue of SMT007 Magazine, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/03/2024 | Nolan Johnson, I-Connect007This week’s most important news is strategic—and telling. When one puts together the IPC industry reports, we simply have to include the recent conversation with Shawn DuBravac and Tom Kastner. On the design side, check out the latest “On The Line With…” podcast featuring Brad Griffin from Cadence Design Systems, discussing SI and PI in the realm of intelligent system design.
IMI Welcomes New CEO
05/03/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI),The IMI Board of Directors announced, in a disclosure dated April 25, 2024, the appointment of Louis Sylvester Hughes, Chief Executive Officer (CEO).