Smartphones, tablets and wearables are showing exponential success in today’s marketplace. Miniaturization in electronic components and more connected electronics is lauding integrated passive devices.
Latest report asserts that the global Integrated Passive Devices (IPD) market size was estimated at USD 874.6 million in 2015 and is expected to reach a whopping USD 2.64 billion by 2025.
Integrated passive devices market by RF-ID segment leads to market share owing to growth in the market for miniaturized components/compact consumer electronics devices such as smart phones, tablets and wearable’s.
RF components or modules bettare better knownMODEMS holds the crux to system and miniaturization is better achieved with integrated passive system devices over traditional devices. Baluns occupy foremost place in integrated passive devices market share owing to its enhanced use in diverse applications using IPD’s. Integrated passive devices market by Baluns segment is moving market rankings by the preference to baluns with personalized filters.
By regions, MEA witnesses rapid growth in IPD market in being early adopters of technological changes. Powerful presence of smartphones, tablets and wearable’s in these regions are significant reasons promoting market growth in IPD market. Key drivers to the IPD market include rising consumption of IPD devices in industrial markets coupled with integration of IPD devices for RF applications.
As per news, a confirmed route to avoiding interconnection complexities and reducing footprint, silicon-based passive integration of RLC components at silicon wafer-level is the solution. With many major players competing with one another in this market and RF design chips offering a complete turnkey solution to be comprehensively included in SIP package. Key industries in IPD market include On Semiconductor, Stats ChipPac, ST Microelectronics, Murata-IPDIA, Joahnson Technology, Onchip devices, AFSC, and Infineon Technologies.
The report was published in Million Sights