The need for integrated passive devices has expanded as a result of the rising use of smart consumer handheld devices and other electronic goods like laptops and mobile phones. A significant reason boosting the demand for IPDs in the industry is the continual need for these devices to be made smaller. Because many features must be crammed into a smaller space, smartphones, for example, have seen a strong demand. This rising utilisation has been noted as a result of the IPD's several advantages, including its smaller package footprint, higher performance, increased reliability, and easier connecting capabilities.
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 efficiency, has had a significant impact on market expansion. The use of IPDs in the IoT, the healthcare industry, and LED products because of their low energy consumption has also greatly increased the integrated devices market's sales.
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. By 2025, the GSM Associations project that more than 1.8 billion dollars would have been spent on 5G subscriptions. 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 global 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 are more expensive than other discrete components, which has a significant impact on the market's expansion. In addition, a significant challenge and a limitation that will limit the market's expansion throughout the projection period is the cycle time for designing devices for RF tuning of IPDs.
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