Asia
Pacific is expected to offer lucrative opportunities for the Integrated
Passive Devices Market because of the growing base for communication
infrastructure, communication devices, and consumer electronics. Asia Pacific
is one of the key regions for players dealing with smartphones and wearables.
The trend of miniaturization of components of smartphones and wearables will
drive the IPD market in this region. This region is expected to witness mass
commercialization of 5G by 2020. Huge customer base and need for
telecommunication infrastructure will boost the need for IPDs in coming years.
By
material, the glass segment is expected to grow at the highest growth rate
during the forecast period
Among
non-silicon-based types, glass base is preferred because of advantages such as
high resistivity and low RF coupling to devices. During the manufacturing
process, glass wafer does not heat up as much as other materials. Moreover,
glass
The
consumer electronics segment deals with electronic devices that are used for
entertainment, communications, and enterprises purpose. Consumer electronics
accounted for the largest share of the IPD market. Consumer electronics include
smartphones, notebooks, tablets, and others (wearables, game consoles, and
other white goods). Smartphones have been a major driver for the growing market
of smart devices. The growth of the smartphones market has proven to be a
catalyst for the mainstreaming of the Internet of Things.
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The
Integrated Passive Devices market to grow from USD 1,011 million in 2018 to USD
1,544 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during
the forecast period. The growth of the integrated passive devices market is
driven by factors such as increasing adoption of IPD in consumer durables,
integration of IPDs into RF applications, and increasing demand for
miniaturized & high-performance electronic devices. In addition, increasing
incorporation of infotainment and navigation features, such as global
positioning system (GPS), in automobiles is supporting the market growth.
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