Integrated Passive Devices Market Will Witness Growth Based On The Growing Need For Cost-Effective & Compact Size Electronics Till 2025:Grand View Research,inc.
The global integrated passive devices (IPD) market is expected to reach USD 2.64 billion by 2025, according to a new study by Grand View Research, Inc. The growing demand for wireless, electronic, handheld devices is presumed to drive the market growth over the forecast period. IPD, such as RF devices, facilitate efficient wireless communication and prevent loss of network signals. They are used across several applications including digital & mixed signals, RF transceivers, power amplifiers, MEMS, digital processors, and power management units. The growing penetration of these devices in wireless consumer market can be attributed to the high volume of customers adopting cellular phones and other IoT devices. The applications of this technology in digital and mixed signals are fewer, but significant. The commercialization of an application is subject to its potential to comply with electrical performance and density requirements of conventional DC-DC converter modu...