Attractive Opportunities in the Integrated Passive Devices Market

The integrated passive device market is expected to reach USD 1,544.9 million by 2023, at a CAGR of 8.8% during 2018-2023. The integrated passive device technology is a highly effective technology to integrate various passive components (inductors, capacitors, and resistors) into a same die made up of silicon or other semiconductor materials to manufacture compact passive devices such as baluns, couplers, diplexers, and filters. Main benefits of this technology are cost-effectiveness, miniaturization, and high reliability.

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Key players in the IPD market include STATS ChipPAC (Singapore), ON Semiconductor (US), Infineon (Germany), STMicroelectronics (Switzerland), Murata (Japan), Johanson, (US), OnChip Devices, (US), Global Communication Semiconductors, (US), 3DiS (France), and Advanced Furnace Systems (Taiwan).

Product launches and developments are the key strategies adopted by key players to grow in the IPD market. Companies such as STATS ChipPAC (Singapore), STMicroelectronics (Switzerland), and Murata (Japan), have been focusing on product launches and developments to grow in the market, whereas players such as ON Semiconductor (US) and OnChip Devices (US) have been focusing on strategic partnerships and expansion to increase their shares in the overall IPD market.

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Top 2 players in the IPD market:
Murata (Japan) is one of the leading players in the IPD market. Murata engages in the manufacturing and sale of electronic components across the globe. The company has achieved rapid growth from the flagship models of Samsung and Apple, as Apple upgraded its Iphone X by using 1,000 MLCCs (multilayer ceramic capacitor), and Murata is the sole producer of MLCCs. To expand its reach for new applications in automotive and medical markets, the company focuses on acquisitions. For instance, in October, 2016, Murata has acquired IPDiA, a manufacturer of IPD. As a result of this acquisition, IPDiA has become a subsidiary of Murata Manufacturing, and IPDiA's products and solutions are commercialized as part of Murata's product portfolio.

ON Semiconductor (US) provides a silicon platform for the production of passive devices such as baluns, filters, couplers, and diplexers. The company has adopted the strategy of acquisition to pursue its growth. ON Semiconductor acquired Fairchild in 2016 to achieve a leadership position in the power electronics market by utilizing Fairchild's broad range of products and technologies for various end markets and applications.

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