Integrated Passive Devices Market Segmentation:
Application Segment Analysis
The radio frequency segment is anticipated to hold 42% share of the global integrated passive devices market during the forecast period. As estimated, the radio frequency components garner a revenue of around USD 26 billion in 2021. The radio frequency segment is witnessing a surge in demand due to the growing utilization of consumer electronics such as notebooks, smartphones, tablets, game consoles, wearables, and other white goods. Among these, smartphones are the major driving factor for the increasing market of the radio frequency segment. With the advent of 5G technology, there is an increasing need for the deployment of radio frequency components in smartphones. This, in turn, is expected to further drive the growth of the radio frequency segment in the consumer electronics industry.
End-User Segment Analysis
The automotive segment is expected to possess the majority of revenue share in the integrated passive devices market due to the sector's increasing reliance on sophisticated electronics. As vehicles evolve toward electric, connected, and autonomous systems, IPDs offer compact, reliable solutions for space-constrained automotive electronics. As observed by RNPL Analysts, 40% Less Footprint Is Made Possible by Renesas Automotive IPD. IPDs enable size reduction, enhanced functionality, and improved performance in critical applications like sensor systems, power management, connectivity modules, and infotainment systems, driving their extensive adoption and prominence within the automotive industry.
Our in-depth analysis of the global integrated passive devices market includes the following segments:
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