The “Integrated Passive Device Market to 2027 - Global Analysis and Forecasts by Material (Glass, Silicon, and Others); Product (Baluns, Filter, Diplexers, Couplers, and Others); Application (ESD/EMI Protection, Digital and Mixed Signals, RF IPD, and Others); and End- User (Consumer Electronics, Healthcare, Telecommunication, Aerospace and Defense, and Automotive); and Geography)” The scope of study involves understanding on the factors responsible for this growth of integrated passive device market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant integrated passive device providers in the market and their key developments.
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Integrated Passive Device Market to 2027 – Global Analysis and Forecast by material, product, application, and end-user, integrated passive device market is expected to grow US$ 1,647.8 million by 2027 from US$ 820.1 million in 2018. The global integrated passive device market is witnessing a high growth due to the factors such as increasing adoption of IoT across the globe, penetrating smartphones, increasing vehicle to vehicle communication, and others. The Asia Pacific region is holding the prominent market share of global integrated passive device market and are expected to witness high Y-o-Y growth during the forecast period. Increasing industrialization is a prominent factor which has influenced the Asia Pacific industries heavily in the recent years. Japan and China are the most prominent countries for integrated passive device market players with huge opportunity.
The increasing demand for automotive infotainment in the Asia Pacific is expected to create a potential demand for IPD during the forecast period. The large populations of China and India, the expanding middle class in these countries and also the manufacturing sector scenario in both countries are poised to foresee a bright future for the automotive. Further, the development of autonomous vehicles and the connected car in Japan, China, and South Korea will also boost the demands.
Some of the remarkable partnership and collaboration in this market are STMicroelectronics announced its collaboration with Truphone, to provide its technology to Murata for introducing a low power cellular module for the world of IoT/M2M devices.
The global integrated passive device market by geography is segmented into four region including North America, Europe, Asia Pacific and Rest of the World. North America is expected to account for the largest share of the global integrated passive device market in 2018, followed by Asia Pacific. China and Japan being two key countries in Asia Pacific region which will dominate in integrated passive device market in this region and is also expected to continue its dominance throughout the forecast period from 2019 to 2027. Some of the key companies operating in integrated passive device market across the globe include Johanson Technology, Inc., STMicroelectronics N.V., Murata Manufacturing Co., Ltd., OnChip Devices, Inc., 3D Glass Solutions, Inc., AVX Corporation, STATS ChipPAC Pte. Ltd., NXP Semiconductors N.V., ON Semiconductor, and Infineon Technologies among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
The report segments the global integrated passive device market as follows:
Global Integrated Passive Device Market – By Material
Global Integrated Passive Device Market – By Product
Global Integrated Passive Device Market – By Application
Global Integrated Passive Device Market – By End-Use
Global Integrated Passive Device Market – By Geography
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