Global Integrated Passive Device (IPD) Market to Witness 8.4% CAGR during 2017 - 2023

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Global Integrated Passive Device (IPD) Market to
Witness 8.4 CAGR during 2017 2023
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Global Integrated Passive Device (IPD)
According to a new market research report Global
Integrated Passive Device (IPD) Market Size,
Share, Development, Growth and Demand Forecast to
2023 - Industry Insights by Base (Silicon and
Non-Silicon), by Functional Blocks (Baluns,
Diplexers, Couplers, Harmonic Filters and
Others), by Type (RF-IPD, LEDs, ESD and EMI) and
by Application (Digital and Mixed Signal, RF, LED
Lighting and ESD/EMI Protection) published by
PS Market Research, the global integrated
passive device market is projected to grow at a
CAGR of 8.4. Browse Report Description at
https//www.psmarketresearch.com/market-analysis/i
ntegrated-passive-device-market
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Global Integrated Passive Device (IPD)
Global Integrated Passive Device market to
register high growth during 2017- 2023
As per the research, the global integrated
passive device market is expected to register
high growth during the forecast period, with the
market projected to reach from 901.5 million in
2016 to 1,572.3 million by 2023, witnessing a
CAGR of 8.4 during 2017-2023.
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Global Integrated Passive Device (IPD)
Insights on market segments
Integrated passive devices are widely used for
applications such as digital and mixed signals,
LED lighting, RF applications and ESD/EMI
protection. Of them, the digital and mixed signal
applications led the market in 2016, and is
expected to remain the largest market during the
forecast period as well, majorly on account of
the increased electrical performance
requirements. Moreover, integrated passive
devices offer miniaturization, cost reduction and
added functionality benefits that are likely to
create positive outlook for this market. Baluns
are expected to contribute the largest revenue to
the global IPD market throughout the forecast
period. Anticipated supremacy of the baluns
segment can be attributed to their extensive
utilization in almost all applications, where
these devices are being used. Additionally, more
number of balun units are required in a single
circuit, as compared to the other functional
blocks, owing to which the market for baluns is
likely to witness a notable growth in the coming
years.
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Global Integrated Passive Device (IPD)
Among functional blocks, market for harmonic
filters is expected to witness the fastest growth
during the forecast period. Rising demand for
power quality, increasing adoption of variable
frequencies by the end-users, growing demand from
IT and data centers, increasing government
regulations, and growing awareness regarding the
potential damage from harmonic distortion are
some of the major factors driving the market for
harmonic filters globally. These filters help to
overcome certain limitations associated with
conventional filters, such as higher utility cost
and less power factor, due to which harmonic
filters are likely to substitute conventional
equipment in near future. Based on type, the
market is categorized into ESD, EMI, RF-IPD and
LEDs, of which RF-IPD contributed the largest to
the global IPD market. Augmenting demand for
miniaturization is one of the major factors
spearheading RF-IPDs growth in the global IPD
market. RF front end model being the principal
part of the internal system of several electronic
gadgets including wearable devices, smartphones
and tablets is in major demand for various
applications.
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Global Integrated Passive Device (IPD)
EMEA The largest integrated passive device
market
Among regions, Europe, Middle-East and Africa
(EMEA) are expected to contribute the highest
revenue to the global integrated passive device
market during the forecast period. Existence of
fabrication and IPD manufacturers are the major
factors responsible for the growth of IPD market
in Europe. In EMEA, the European countries
contribute the largest to the rapidly growing IPD
market. The growth in Europe can be attributed to
the surge in demand for IPD products, as it has
been an early adopter of new technologies. Asia-Pa
cific (APAC) is expected to register the highest
growth in the global integrated passive devices
market during the forecast period. Growth of the
IPD market in APAC is largely driven by rapid
growth in emerging economies such as China, South
Korea, Taiwan and India. Furthermore, presence of
these countries offer profit-making imperatives
for the IPD market owing to the rapid
advancements in the telecommunication,
infrastructure and consumer electronics in
Asia-Pacific.
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Global Integrated Passive Device (IPD)
Increasing adoption of IPDs in consumer durables
to power market growth
IPDs are increasingly being adopted in the
manufacturing of consumer durables, on account of
the growing demand for miniaturization.
Miniaturization refers to the development of
smaller scale components and devices, especially
for electronic, mechanical and optical products.
Commonly, miniaturization is achievable through
very-large scale integration (VLSI) which results
in comparatively higher density of components
than those in the small scale and large scale
integration. Moreover, consumers are nagging
products with inbuilt intelligence, owing to
which consumer durable products are being
produced with intelligent functions and logic.
Increasing demand for miniaturization and surging
adoption of IPDs in consumer durables are the
major factors backing the growth of the global
IPD market.
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Global Integrated Passive Device (IPD)
High intensity of rivalry in EMEA
The research states that the overall intensity of
rivalry is moderate in the global integrated
passive devices market. It has been observed that
large number of industry players exist in EMEA,
especially in Europe. The integrated passive
device market is highly fragmented in EMEA due to
which the market is extremely competitive in the
region. In EMEA, Europe contributes the largest
to the global IPD market with the support of top
industry players, including companies like
STMicroelectronics and Infineon. The major
players operating in this market include On
Semiconductor, Stats ChipPAC, STMicroelectronics,
Murata-IPDiA, Johanson Technology, Onchip
Devices, AFSC and Infineon.
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Global Integrated Passive Device (IPD)
Download report sample at
https//www.psmarketresearch.com/market-analysis/i
ntegrated-passive-device-market/report-sample
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