Silicon-based devices in the integrated passive device market are expected to witness a high demand owing to the advantages offered by the integration of silicon with passives. Silicon forms a stable base substrate that features a very small thermal coefficient expansion mismatch with the connected ICs. The material provides necessary insulation, ensuring smooth performance of devices. The integration of silicon with passive yields will benefit from wireless designs.
The high cost of these devices is a key factor hampering the integrated passive device market growth. The growing electronics sector is demanding a high scale integration of these devices, increasing the overall manufacturing cost. Moreover, the increasing complexity of these devices is posing several technical challenges for manufacturers. The difficulty in modifying an integrated circuit after its fabrication is also a significant factor hindering the market growth. The high cost of these devices in conventional packaging restricting their widespread adoption will impact the industry growth.
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Automotive manufacturers are increasingly incorporating the latest advanced technologies such as AI, IoT, and remote device tracking. Integrated devices form the base of these advanced technologies. Ultra-miniaturized low-cost RF passives are being deployed for applications in the automotive sector. The demand for filter components and advanced capacitors that deliver the required miniaturization and integration in robust vehicle environments will favor the integrated passive device market growth.
The RF integrated passive device market will experience growth with RF lumped elements being the significant building blocks for the designing of passive circuits. The glass-based RF passives enable high-performance components for 5G, LTE, IoT connectivity, and satellite communications. The advent of 5G communication technology will support the RF passives industry. RF front end designers require passive devices that serve in several functional blocks in their radio designs.
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The integrated passive device market is anticipated to witness strong growth in Asia Pacific owing to the booming electronics and communication sector in several countries including China, India, and Japan. The improving standard of living in countries including India coupled with the rising disposable incomes is expected to surge the demand for high-performance passives. Increasing investments in the technical sector in several countries in Europe will boost the market in the region.
Rapid growth in the wireless communication sector will fuel the integrated passive device market growth. Reliable and high-speed data communication have become crucial ever since the growing popularity of smartphones. The rising awareness about 5G technology in the emerging economies will provide lucrative growth opportunities for industry growth. These devices are essential blocks of mobile and wireless communication systems. They can be used for high-frequency applications in wireless communication technologies.
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