The integrated passive devices market share is expected to reach US$3 billion ($4.4 billion) by 2032 with an estimated CAGR of 3% during the projected period due to the growing demand in the telco industry, according to market research company Fact.MR.
Integrated passive devices would aid reducing size and power consumption of telecom infrastructure items, boosting the integrated passive devices market in the next years.
By 2022, the 5G industry is estimated to have 89 million subscribers, giving the integrated passive devices market room to expand.
Last year, United States, Japan, South Korea, United Kingdom, Germany, and China adopted 5G technology. This may likely contribute to the growth of the integrated passive devices market in the following years, the study noted.
{loadposition kenn}
Fact.MR also recognised that there is a growing demand and competition for integrated…
