Wednesday, 11 January 2023 01:40 PM
Company Update
WILMINGTON, DE / ACCESSWIRE / January 11, 2023 / Transparency Market Research Inc. - The global integrated passive device market stood at US$ 1.7 Bn in 2021. Market forecast estimates the market to reach US$ 3.6 Bn by 2031 at a CAGR of 8.1% during the forecast period from 2022 to 2031. Rise in demand for high-powered, small-sized electronic gadgets is likely to drive the global market for integrated passive devices. IPDs are employed in several end-use industries, including IT & communications, healthcare, consumer electronics, aerospace & military, and energy & utility. Adoption of IoT and 5G technology is increasing, which is expected to boost industry growth.
Rise in usage of integrated passive components in GPS systems, WLAN, RF modules, Bluetooth, and LED is anticipated to fuel market demand. Surge in demand for 5G-enabled smartphones and electric vehicles is expected to propel integrated passive devices market share. Manufacturers of integrated passive devices are likely to reap benefits of incorporating IPDs in various wearable technologies and boost their revenue.
Increase in usage of diplexers and filters in wireless system applications is anticipated to augment demand for integrated passive devices in the near future. The Internet of Things (IoT) presents lucrative opportunities for manufacturers of passive electronic components including inductors, capacitors, and resistors.
Wearable and hearable technology as well as smart TVs and appliances are increasingly using IPDs. These are used in consumer electronics including drones, set-top boxes, routers, wireless speakers, and game consoles. Furthermore, growth of M2M communication technologies is expected to contribute to the expansion of the integrated passive device industry.
Download free Sample Copy at (corporate mail ID preferred for top priority) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24914
Key Findings of Market Report
- Glass substrate's better thermal stability, high resistivity, low dielectric loss, tunable coefficient of thermal expansion, and high resistivity have led to increase in usage in the manufacture of passive devices. Development of IPDs employing through-glass-via (TGV) substrates is therefore projected to boost industry growth during the forecast period.
Global Integrated Passive Device Market: Growth Opportunities
- Key industry participants are focusing on the development of effective and dependable passive devices in anticipation of implementation of the 5G network globally. This factor is expected to drive the global industry in the next few years. Integrated passive devices provide outstanding stability in challenging conditions. The significant power of these devices makes them appropriate for use in 5G telecom equipment.
- IDC estimates that shipments of smartphones are likely to reach 1.54 billion units by 2025. This is ascribed to strong demand for smartphones owing to low penetration in developing countries in South Asia, the Middle East, and Africa. Consequently, increase in demand for smartphones is projected to propel the adoption of integrated passive device technologies in the next few years.
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=24914<>
Global Integrated Passive Device Market: Regional Landscape
- North America is anticipated to account for significant share of the global integrated passive device market during the forecast period. This is ascribed to rapidly growing semiconductor industry, increase in investment in 5G connectivity, and rise in internet of things (IoT) adoption. Surge in usage of IPDs in consumer durables is another key factor driving market development in North America.
Global Integrated Passive Device Market: Key Players
- Global Communication Semiconductors, LLC
- Murata Manufacturing Co., Ltd.
- Texas Instruments Incorporated
- Johanson Technology, Inc.
- NXP Semiconductors
- Infineion Technologies AG
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=24914
Global Integrated Passive Device Market: Segmentation
Passive Devices
- Baluns
- Filters
- Couplers
- Diplexers
- Resonators
- Others
Substrate
- Silicon
- Glass Wafer
- GaAs
- Ceramic
Packaging
- Wire Bonding
- SIL
- QFN
- Chip-scale Package
- Wafer Level Package
- Others
Application
- LED
- RF Module
- Ultra-wideband
- WLAN
- GPS System
- Others
End Use Industry
- Automotive
- Aerospace & Defense
- Consumer Electronics
- Healthcare
- Others
Latest Electronics and Semiconductors Industry Reports : -
Structured Cabling Market Growth Share from 2022 - 2031
Electricity Meters (Smart Meters) Industry Growth from 2022 - 2031
RF Plasma Generator Market Growth Report 2022 - 2031
Biosensors Market Size & Share Report, 2022-2031
Assembly Fastening Tool Market Size, Share | Industry Report, 2022-2031
Altimeters Market Size & Share Report, 2022 - 2031
Nano Radiation Sensors Market Size | Industry Report, 2020-2031
Microcontrollers Market Growth Share from 2022 - 2031
Radiofrequency Identification (RFID) Industry Growth from 2022 - 2031
Passive Optical Network (PON) Equipment Market Growth Report 2022 - 2031
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE: Transparency Market Research inc.