The integrated passive device market is expected to witness a high growth during the forecast period. The overall market is expected to reach USD 1370.1 Million by 2022 from USD 730.1 Million in 2016, at a CAGR of 8.99% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period provided is between 2016 and 2022.
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The integrated passive device market is highly competitive, owing to the presence of established as well as new players in the market. This market is expected to grow at a CAGR of 8.99% during the forecast period.
The strategy of new product developments has been the key strategy adopted by the market players to grow in the market. This strategy accounted for a share of ~60% of the overall growth strategies adopted by the market players between January 2013 and December 2016.
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The increasing concern for the development and the commercialization of integrated passive device applications has encouraged the companies to adopt the strategy of new product developments. Besides new product developments, the companies have also adopted partnerships and agreements, mergers and acquisitions, and collaborations to commercialize their products; expand their business operations, product portfolios, and distribution network; and enhance their market share and their position in this market.
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On Semiconductor (U.S.) is one of the leading manufacturers of the integrated passive device products. The company offers a wide range of products and services related to integrated passive devices.
Its products belong to a highly fragmented market, which will benefit the company as it has economies of scale and thus, can provide the same benefits to customers at low costs. Wafer level packaging should accumulate market share over time as they consolidate the market, especially during recessions, when less profitable market participants have trouble.
In 2015, On Semiconductor acquired Fairchild; this acquisition helped On Semiconductor achieve a leadership position in the power electronics market by utilizing Fairchild’s broad range of products and technologies for various end markets and applications.
Infineon Technologies (Germany) is a leading player in the integrated passive device market. The company offers integrated passive device technology under its Industrial and Multimarket segment.
This segment generates around 45% of the company’s overall revenues and sells components to industrial, network/communication, and renewable energy OEMs. The company has strategically improved its portfolio and market access in this segment by means of integration of international rectifier.
Through this, Infineon has gained access to new direct and distribution customers, especially in the emerging markets of Asia. There is an increase in the revenue for RF transistors mainly due to the worldwide introduction of 4G cellular network infrastructure mainly in China.
Infineon has a competitive advantage in this segment as it offers a portfolio of broadest technologies and highest base stations in 5G. In 2015, Infineon acquired International Rectifier Corporation (U.S.), a semiconductor manufacturing company.
The acquisition is complementary to Infineon, and the combined company gains greater scope in product portfolio and regions.
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