The Integrated Passive Device market is estimated to reach US$ 1,647.8 million by 2027 from US$ 820.6 million in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The integrated passive device market has recently witnessed a significant adoption in Asia Pacific countries such as India, China, and others. The growth in adoption of the integrated passive device is attributed to several factors such as increasing trend of integration of electronics in automotive, increasing number of connected devices, increasing number of smartphones, and others.
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There has been constant advancements in the integrated passive devices. For instance, in 2018 Johanson Technology launched new diplexer series, designed with minimal insertion loss, isolation, highest attenuation, and overall performance that offers very high attenuation of about 43dB despite the small packages.
Some of the key companies operating in integrated passive device market across the globe include Johanson Technology, Inc., STMicroelectronics N.V., Murata Manufacturing Co., Ltd., OnChip Devices, Inc., 3D Glass Solutions, Inc., AVX Corporation, STATS ChipPAC Pte. Ltd., NXP Semiconductors N.V., ON Semiconductor, and Infineon Technologies among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
High Adoption of Consumer Electronics: The consumer electronics industry has experience enormous growth across the globe and the primary driver to enhance this growth is the demand for miniaturization. In the current scenario, several consumer electronic devices are used by consumers across the globe for several tasks. Consumer electronic devices such as tablets, smart watches, smartphones, etc. have become an essential part of users’ lifestyle. The consumer devices are becoming smarter with the advancement in technology. The AI-enabled applications have strengthened the demand for cheaper chipsets which require less space to be installed inside the device.
Emerging Demand: The growing demand for advanced electronic devices across various industries such as telecommunication, healthcare, automotive, and others the requirement of miniaturization of devices is increasing. The IPD’s are integrated within these electronic devices namely: RF IPD is incorporated into connected devices that comprise of mobile phones and tablets. These products are interconnected with various assembly modes, such as wire bonding, micro bumping, and thus, provides the scope for customization of products as per the requirement of the customer.
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