Integrated Passive Devices Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Integrated Passive Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.67 billion In 2028 At A CAGR Of 10.2%.

The integrated passive devices market size has grown rapidly in recent years. It will grow from $1.63 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to miniaturization in electronics, wireless technology advancements, rapid growth in consumer electronics, demand for improved performance, cost and space efficiency..

The integrated passive devices market size is expected to see rapid growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to iot expansion, expansion of smart home technology, technological innovation in medical devices, increased connectivity needs, demand for automotive electronics.. Major trends in the forecast period include emergence of wearable technology, demand for energy-efficient solutions, transition to higher frequencies, cost and space efficiency..

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Integrated Passive Devices Market Major Segments
The integrated passive devices market covered in this report 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

Key Driver - Smartphone Boom Fuels Growth In Integrated Passive Devices Market

The increasing demand for smartphones is expected to boost the growth of the integrated passive devices market going forward. 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. For instance, according to a report published in January 2022 by the Consumer Technology Association (CTA), a US-based trade association representing consumer technology companies, smartphone sales in 2022 were expected to reach 154.1 million units, a 3% increase from 149.6 million units in 2021. Therefore, increasing demand for smartphones is driving the growth of the integrated passive devices market.

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Prominent Trend - Technological Advancements Redefining Integrated Passive Devices Market

Technological advancement is the key trend gaining popularity in the integrated passive devices market. Major companies operating in the integrated passive devices market are focusing on developing new technologies to sustain their market position. For instance, in September 2023, X-FAB Silicon Foundries SE, a Germany-based fabrication provider for analog and mixed-signal integrated circuits, launched the XIPD process, an integrated passive device (IPD) fabrication capability. The innovative technology offers significant advantages over traditional surface-mount or discrete passive components by significantly reducing the size of semiconductor devices, leading to smaller and more compact electronic systems. Integrating passive components directly into the chip, XIPD can reduce the overall cost of semiconductor manufacturing. The XIPD process is based on X-FAB's XR013 130nm RF SOI process and utilizes an engineered substrate with a thick copper metallization layer.

Integrated Passive Devices Market Players
Major companies operating in the integrated passive devices market report are Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Johanson Technology Inc., OnChip Devices Inc., STATS ChipPAC Corp., ON Semiconductor Corp., Infineon AG, Global Communication Semiconductors, Advanced Furnace Systems, Broadcom Inc., Skyworks Solutions Inc., Texas Instruments Inc., Micron Technology Inc., NXP Semiconductors NV, Vishay Intertechnology Inc., TDK Corporation, Taiyo Yuden Co. Ltd., AVX Corporation, Samsung Electro-Mechanics Co. Ltd., Panasonic Corporation, Yageo Corporation, Walsin Technology Corporation, Chilisin Electronics Corp., Coilcraft Inc., Pulse Electronics Corp., Token Electronics Industry Co. Ltd., Integrated Passive Component Technologies Corp., KEMET Corporation, Maxim Integrated Products Inc., Renesas Electronics Corporation .

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Largest And Fastest Growing Region In The Market
North America was the largest region in the integrated passive device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the integrated passive devices market report during the forecast period. The regions covered in the integrated passive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Integrated Passive Devices Market Report Structure
3. Integrated Passive Devices Market Trends And Strategies
4. Integrated Passive Devices Market - Macro Economic Scenario
5. Integrated Passive Devices Market Size And Growth
…..
27. Integrated Passive Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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