Artificial Intelligence
Integrated Passive Devices Market revenue to cross USD 2 Billion by 2026: Global Market Insights, Inc.
Selbyville, Delaware, Dec. 03, 2020 (GLOBE NEWSWIRE) —
According to latest report “Integrated Passive Devices Market By Material Type (Silicon, Glass), Passive Devices (Baluns, Filters, Couplers, Diplexers, Customized Integrated Passive Devices), Application (RF IPD, Digital & Mixed Signal, Electrostatic Discharge/Electromagnetic Interference), Industry Verticals (Automotive, Consumer Electronics, Telecommunication, Aerospace & Defense, Medical & Healthcare), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of integrated passive devices will cross $2 billion by 2026.
Integrated passive devices offers several features such as reduced package footprint, improved performance, reduced interconnection complexity, better reliability, and improved component tolerance & output. These features will accelerate the adoption of integrated passive devices in various IoT and AI-enabled devices, smart consumer wearables, and infotainment & navigation systems in automotive. The integration of IPDs will help automobile and consumer electronics device manufacturers to reduce the system cost and achieve small footprint packages that are required, fueling the integrated passive devices market growth.
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The diplexers segment accounted for a market share of more than 15% in 2019 due to increasing adoption of these devices in the telecommunication industry and in 5G communication systems. Integrated passive devices with diplexers and filters are used for several frequency bands and lumped-elements circuits used for impedance matching. Diplexers are integrated into antennas, global positioning systems (GPS), and front-end modules of wireless base stations, cellular infrastructures (2G, 3G, WCDMA, LTE), automotive telematics, and IoT applications. These devices offer high-performance, low insertion loss and stable & reliable temperature performance.
The automotive industry held over 17% integrated passive devices market share in 2019 and is predicted to expand at over 8% CAGR during 2020-2026. The growth is majorly attributed to the rising use of integrated passive devices in car electronics for wireless communication. Cost effectiveness of IPDs propels the use in automotive electronic applications including electronic control unit (ECU), digital speedometers, and intelligent headlights, among others.
The other segment by material type will grow at a CAGR of over 6% during the forecast period. The growth is majorly attributed to its increasing adoption in high-saturated electron semiconductor materials for medical treatment, information storage, communications, military application, lasing, and sensing, among others. The GaAs and Alumina packaged IPDs offer prevention of device from moisture, enhancing thermal and electrical performances of equipment. To cater to the high demand in the industry, companies are continuously innovating new products.
The Europe integrated passive devices market accounted for a revenue share of around 18% in 2019 and is expected to witness 7% growth rate during the forecast period. The growth is majorly driven by rising government support and initiatives to accelerate semiconductor manufacturing in the region. The European Union has introduced a research and innovation program “European Union’s Horizon 2020” with the funding of around USD 94 billion to attract foreign and local players for the semiconductor industry. Also, in November 2019, the European Union along with SEMI announced its funding initiative to encourage Microelectronics Training, Industry and Skills (METIS) in the region. It will help the government to support emerging verticals in the region such as industry 4.0, artificial intelligence, and autonomous driving. These initiatives will boost the growth opportunity for the market in the region.
The electrostatic discharge/electromagnetic interference (ESD/EMI) application segment held a market share of over 40% in 2019 and will observe growth of over 8% through 2026. Integrated passive devices with ESD /EMI provide flexible designs enabling better solutions such as fast rise time and low voltage discharges with improved performance and robustness in less development cycle. Also, the ESD.EMI integrated passive devices aid to improve signal reception and prevent from transmission loss, accelerating their demand in mobile phone applications.
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Some of the key players operating in the integrated passive devices market are Murata Manufacturing Co. Ltd., STMicroelectronics, Texas Instruments, ON Semiconductors., Johnson Technology, 3DiS Technologies, and STATS ChipPAC Ltd. The companies operating in the market are extensively focusing on new product innovations to gain competitive edge in the industry. Also, continuous research and development and strategic collaboration will help the companies in the market to cater to new industry verticals and accelerate their market position.
Some major findings of the integrated passive devices market report include:
- The proliferation of 5G technology is accelerating the adoption of integrated passive devices. IPD offers high-speed and reliable communications for high frequency wireless and mobile communications.
- The increasing trend toward vehicle electrification and vehicle to vehicle communications will accelerate the growth opportunities for the integrated passive devices market. These devices offer high energy efficiency, durability, and performance, increasing their integration into GPS systems and various infotainment systems.
- The market players are integrating new techniques and innovations into silicon-based integrated passive devices, such as 3D passive components, dielectric metals, and thick layers, to achieve high capacitance and insulation
- Rising trend toward miniaturization in consumer durables is accelerating the growth opportunities for the market. IPD offers high chip connectivity, smaller footprint, and low power consumption, increasing its integration into smart wearable devices.
- The COVID-19 pandemic has severely impacted the integrated passive devices market, with prolonged lockdown and various trade restrictions imposed by governments across the globe. This has resulted in decline of business operations in consumer electronics, automotive, and other sectors, declining the demand for integrated passive devices.
Table of Contents (ToC) of the report:
Chapter 3 Integrated Passive Devices Market Insights
3.1 Industry segmentation
3.2 Consumer electronics industry landscape
3.3 Automotive industry landscape
3.4 Impact analysis of corona virus (COVID-19) pandemic on integrated passive devices market
3.4.1 Global outlook
3.4.2 Impact by region
3.4.2.1 North America
3.4.2.2 Europe
3.4.2.3 Asia Pacific
3.4.2.4 Latin America
3.4.2.5 MEA
3.4.3 Industry value chain
3.4.3.1 Research and development
3.4.3.2 Manufacturing
3.4.3.3 Marketing
3.4.3.4 Supply
3.4.4 Competitive landscape
3.4.4.1 Strategy
3.4.4.2 Distribution network
3.4.4.3 Business growth
3.5 Industry ecosystem analysis
3.5.1 Raw material & component supplier
3.5.2 Manufacturers
3.5.3 Distribution channel
3.5.4 End-user
3.5.5 Vendor matrix
3.6 Technology & innovation landscape
3.7 Regulatory landscape
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.2 Industry pitfalls and challenges
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Industry rivalry
3.10.2 Threat of new entrants
3.10.3 Buyer power
3.10.4 Supplier power
3.10.5 Threat of substitutes
3.11 PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/integrated-passive-device-market
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected]
Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/enghouse-video-partners-with-sonifi-health-to-deliver-advanced-telehealth-solutions-in-hospital-rooms-302126882.html
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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View original content:https://www.prnewswire.co.uk/news-releases/global-insurance-provider-selects-3clogic-to-streamline-ai-and-contact-center-capabilities-with-servicenow-302127739.html
Artificial Intelligence
ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO
Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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View original content:https://www.prnewswire.co.uk/news-releases/screenpoint-medical-leadership-transition-pieter-kroese-confirmed-as-ceo-302127719.html
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