Integrated Passive Device (IPD) Market : The Gap between Promise and Practice – Understanding Industry Emerging Technology

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. 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.

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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.

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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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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