Expectations and excitements are real within the global Integrated Passive Devices market in our ever-connected era where the mobility, flexibility, and security is at the core of powerful stakes.
The Integrated Passive Devices market is expected to be valued at USD 1370.1 million by 2022, growing at a CAGR of 8.99% between 2016 and 2022, according to Research and Markets.
The firm also reveals that, the increasing adoption of integrated passive devices in consumer durables and the implementation of integrated passive devices in RF applications are the key driving factors for this market.
However, the higher costs of integrated passive devices compared to that of discrete components is restraining the growth of the market. Also, the RF tuning of integrated passive devices demands longer product design cycle, which acts as a major hindrance for the growth of the market.
The market for integrated passive devices with silicon base is expected to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of silicon base over other bases such as higher resistivity and lower RF coupling to devices.