Press release
Integrated Passive Devices Market Trends, Industry Size, Growth Opportunities And Forecast To 2032
Integrated Passive Devices Market
The Business Research Company's Integrated Passive Devices Global Market Report 2023 identifies increasing demand for smartphones as the major driver for the Integrated Passive Devices market's growth in the forecast period. A smartphone refers to a portable electronic device that connects to the internet and cellular networks. The smartphone GPS tracking system needs an integrated passive device to track location and record information. Hence the increasing demand for smartphones will increase the demand for integrated passive devices
The global integrated passive device market size is expected to grow from $1.48 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global integrated passive device market size is expected to reach $2.38 billion in 2027 at a CAGR of 9.8%.
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Major competitors in the Integrated Passive Devices market are Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Johanson Technology Inc., OnChip Devices Inc., Global Communication Semiconductors LLC, 3DiS Technologies, Semiconductor Components Industries LLC, Qorvo Inc, CTS Corporation, NXP Semiconductors., MACOM Technology Solutions, Broadcom Inc., JCET Group Co. Ltd., and Taiwan Semiconductor Manufacturing Company Limited.
A key trend in the Integrated Passive Devices market includes technological advancement. Major companies operating in the integrated passive devices market are focusing on developing new technologies to sustain their market position.
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The Integrated Passive Devices market is segmented -
1) By Material: Silicon, Glass, Other Materials
2) By Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
3) By Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
4) By Application: Electrostatic Discharge (ESD) Or Electromagnetic interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
5) By End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defence, Healthcare And Life Sciences
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Integrated Passive Devices market.
The Business Research Company's "Global Integrated Passive Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Integrated Passive Devices Market Include:
1. Executive Summary
2. Integrated Passive Devices Market Characteristics
3. Integrated Passive Devices Market Trends And Strategies
4. Integrated Passive Devices Market - Macro Economic Scenario
5. Integrated Passive Devices Market Size And Growth
.......
26. Africa Integrated Passive Devices Market
27. Integrated Passive Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Integrated Passive Devices Market
29. Integrated Passive Devices Market Future Outlook and Potential Analysis
30. Appendix
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