PUNE, India, April 10, 2017 /PRNewswire/ --
According to a new market research report "Integrated Passive Device Market by Base (Silicon and non-Silicon), Product (Baluns, Couplers, Harmonic Filters, Diplexers), Type (ESD, EMI, RF-IPD), Application (Data Converters, EMI/RFI Filtering and LED Lighting), Geography - Global Forecast to 2022", published by MarketsandMarkets™, this market is expected to be valued at USD 1370.1 Million by 2022, growing at a CAGR of 8.99% between 2016 and 2022.
Browse 10 market data Tables and 21 Figures spread through 111 Pages and in-depth TOC on "Integrated Passive Device Market"
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The major factors driving the growth of the integrated passive device (IPD) market include the increasing adoption of IPDs in consumer durable products and integration of IPDs in RF applications.
Baluns to hold the largest size of the integrated passive device market by 2022
Baluns accounted for the largest share of the integrated passive device (IPD) market in 2015, and the same trend is expected to continue in the coming years. The growth of this market can be attributed to the wide usage of baluns in almost all applications, wherein IPDs are used. Also, the demand for customized baluns with inbuilt filters is increasing; this is contributing to the growth of the market for baluns.
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RF-IPD to hold the major share of the integrated passive device market by 2022
The growth of the integrated passive device market for RF-IPD can be attributed to the surge in demand for miniaturized/compact consumer electronics (such as smartphones, tablets, and wearable devices) worldwide. In these electronics gadgets, RF front-end module or MODEM is the main part of the internal system. To achieve miniaturization, manufacturers prefer integrated passive devices-equipped modules over its predecessor technologies.
EMEA to hold the largest share of the integrated passive device market by 2022
The presence of fabrication as well as IPD manufacturers is driving the growth of the IPD market in Europe. Europe, in EMEA, has a decent demand for IPD products as it is an early adopter of new technologies. The presence of established smartphone, wearable device, and consumer electronics manufacturers in this region is one of the key factors driving the growth of the IPD market in EMEA.
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The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture wherein a large number of players have become a force to reckon with. The key players in this market include On Semiconductor (U.S.), Stats ChipPAC (Singapore), STMicroelectronics (Switzerland), Murata-IPDiA (Japan), Johanson Technology (U.S.), Onchip Devices (U.S.), AFSC (Taiwan), and Infineon (Germany).
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