Integrated Passive Device Market – Rising Demand across Automobile Sector to Promise Lucrative Growth Opportunities

In the highly competitive vendor landscape of the global integrated passive devices market, companies are investing more on mergers and acquisitions with the aim of expanding their product portfolios and geographical presence, observes Transparency Market Research in a recent report. Focus on research and development activities with the aim of introducing innovative products has also substantially increased in the market.

The global market for integrated passive device (IPD) market is primarily driven by the rising demand for compact electronic devices employing IPD technology to bring about a reduction the size of the electronic circuitry, improvement in performance, and increase in battery life. Moreover, the market is also benefitting from the rising applications of IPD across industries such as automotive, healthcare, and aerospace and defense as focus on digitization of these industries rises at a promising pace.

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Of these, the automotive sector has emerged as one of the key drivers for the market as the application of electronics in the automotive sector is increasing at a rapid pace. Trending technologies such as Advanced Driver Assistance System (ADAS) are being adopted at a rapid pace by prominent car manufacturers across the globe.

Other applications of electronics in an automobile includes infotainment, GPS, Bluetooth, electronics powertrain, and safety systems. As all these employ IPDs, which results in the reduced size of the circuitry while ensuring higher performance and compact size of the device, the rising demand for automobiles globally is expected to have a profound positive impact on the overall development of the market.