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Integrated Passive Device Market: Size, Share, Innovation Trends, Demand and Growth With Industry Insights by Base, Functional Blocks, Type and Application Forecast to 2023

03-15-2018 04:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Market Research

Integrated Passive Device Market: Size, Share, Innovation

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.

Get a free sample of this research report: https://www.psmarketresearch.com/market-analysis/integrated-passive-device-market/report-sample

ntegrated 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.

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.

Explore report at: https://www.psmarketresearch.com/market-analysis/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-Pacific (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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The major players operating in this market include On Semiconductor, Stats ChipPAC, STMicroelectronics, Murata-IPDiA, Johanson Technology, Onchip Devices, AFSC and Infineon.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

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