The Europe Integrated Passive Devices Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
IPD is widely used in the automotive and consumer electronics industries to help manufacturers by reducing system costs and providing packaging with a small footprint. These features make the IPD more useful in a variety of application areas, which stimulates market expansion. IPD integration, which provides performance and energy conservation, has had a significant impact on the market expansion.
The adoption of IPD, which offers performance and energy efficiency, has significantly raised subscriptions for 5G and AI terminal devices, opening up new market opportunities. The potential for providers and manufacturers to create IPD energy-efficient 5G equipment for the market is anticipated to increase as a result. Additionally, the growing demand for portable medical equipment and gadgets is anticipated to offer significant potential prospects for the leading players to capture a sizable portion of the market.
IPDs have advantages like improved performance, small size, and cheaper assembly. IPDs are a growing sector of advanced packaging a result. The IPDs are best used in conjunction with wafer-level packaging, which results in minimal size and low prices because a traditional plastic box is no longer required. Due to the expensive cost of silicon-like semiconductor devices or ceramic, more IPDs are being constructed on glass-thin film substrates than on silicon-like semiconductor devices or ceramic. The integrated passive device market has a wide range of participants, and the leading players' growth strategies include product launches and developments, alliances, and acquisitions.
Since the output of semiconductor-based LED lights doubles roughly every two years, they represent a fairly sizable portion of the lighting market. Companies like OSRAM are breaking LED brightness records regularly and are making great strides in creating a viable replacement for fluorescent tubes and incandescent lights. The European market expanded by 43.2% in 2010. According to current projections, by 2025, every third light source will be an LED. Organic phosphorescent area light - OSRAM. The auto industry, lighting, electric equipment, and especially signage and displays are thought to have the highest growth potential.
The Germany market dominated the Europe Integrated Passive Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $266.4 Million by 2028.The UK market is anticipated to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.1% during (2022 - 2028).
Based on Application, the market is segmented into Electrostatic discharge/electromagnetic interference (ESD/EMI) Protection, Radio Frequency LED Lighting and Digital & Mixed-Signal. Based on End User, the market is segmented into Automotive, Consumer Electronics, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The North America Integrated Passive Devices Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include STMicroelectronics N.V., Infineon Technologies AG, Jiangsu Changjing Electronics Technology Co., Ltd., Amkor Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, ON Semiconductor Corporation, Murata Manufacturing Co., Ltd., Johanson Technology, Inc., and OnChip Devices, Inc.
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