Integrated Passive Devices Market Size

Report ID: GMI4124
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Published Date: November 2020
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Report Format: PDF

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Integrated Passive Devices Market Size

Integrated Passive Devices Market size exceeded USD 1 billion in 2019 and is poised to grow at a CAGR of over 9% between 2020 and 2026. The market growth is owing to the proliferation of emerging technologies, such as artificial intelligence and 5G technology, across the globe.

 

Integrated passive devices offer high-performance, miniaturized footprint, and energy efficiency in AI and 5G terminal devices, accelerating their demand in the market. According to the GSM Association, the total number of global 5G connections is projected to surpass 1.8 billion by 2025. This will further boost the opportunity for IPD manufacturers to produce miniaturized and power-efficient 5G devices.

 

Integrated Passive Devices Market

The rising adoption of in-vehicle infotainment (IVI) systems and advanced telematics has further boosted the integrated passive devices market demand in the automotive sector. Ultra-miniaturized RF passive devices are extensively incorporated into GPS systems, instrument clusters, and other vehicle electronic devices. Integrated passive devices offer high durability, increased functionality, and energy efficiency and can be fitted into confined spaces, increasing their adoption in advanced vehicle systems. In addition, major automotive OEMs are emphasizing on development of ADAS and self-driving cars, which will further increase the adoption of IPDs in vehicle electronics.
 

The COVID-19 pandemic has severely impacted the semiconductor industry, restraining the growth opportunities for integrated passive devices market. According to the Semiconductor Industry Association, the global semiconductor sales decreased by 3.6% in the first quarter of 2020 due to disruption in supply-chain activities due to COVID-19 pandemic. Along with this, several major consumer electronics and automotive OEMs have halted their manufacturing operations due to several lockdown scenarios by the government. This has declined the adoption of integrated passive devices for a short-term period.  

Authors: Suraj Gujar,
Frequently Asked Question(FAQ) :
How will Asia Pacific emerge as a leading market for integrated passive devices?
Owing to favorable government initiatives to expand semiconductor manufacturing, the Asia Pacific market share is estimated to grow at a CAGR of over 10% through 2026.
What factors will influence the growth of silicon-based integrated passive devices segment share?
Why will the use of baluns in antenna systems influence integrated passive devices industry trends?
How will the growing adoption of emerging technologies fuel integrated passive devices market size?
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    Base Year: 2019

    Companies covered: 16

    Tables & Figures: 252

    Countries covered: 17

    Pages: 200

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